Market Analysis
Market Analysis, Metals, Technical Analysis
Copper Market Outlook: Chilean Supply Risks Support Prices as US Tariff Uncertainty Persists
Copper prices recover towards $6.60 per pound as renewed supply concerns in Chile provide support following the previous session’s losses. Industrial action at Antofagasta’s Centinela project raises the possibility of future production disruption, while Chile’s latest production figures point to weakness in output from the world’s leading copper-producing country. The market remains caught between tightening […]
by Currency Hedger
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- 2 weeks ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Forecast: Holds gains near 1.1230 on softer USD; bearish bias persists
The EUR/USD pair attracts buyers for the second straight day, rising to the 1.1225-1.1230 area during the Asian session on Friday amid a weak US Dollar (USD). Spot prices, however, remain confined within a range held since the beginning of this month, warranting some caution for bulls. President Donald Trump said on Thursday that the […]
by Currency Hedger
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- 2 weeks ago
JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Tests 177.50 barrier near nine-day EMA
EUR/JPY gains ground for the second consecutive day, trading around 177.40 during Asian hours on Friday. Technical analysis of the daily chart shows that the currency cross is moving downward within the descending channel pattern, suggesting a persistent bearish bias. The EUR/JPY cross is retaining a bearish near-term bias as it holds below both the […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, NZD, Technical Analysis, USD
New Zealand Dollar strengthens above 0.5600 amid softer US Dollar, easing yields
The NZD/USD pair gains traction to near 0.5615 during the early Asian trading hours on Friday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) amid easing Treasury bond yields. Traders weigh lingering inflation concerns and the outlook for Federal Reserve (Fed) interest rates. The Michigan Consumer Sentiment Index data for October will […]
by Currency Hedger
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- 2 weeks ago
CAD, Market Analysis, Technical Analysis, USD
The Loonie strengthens as risk-on mood weighs on US Dollar
USD/CAD extends its losses for the second successive day, trading around 1.4210 during Asian hours on Friday. The pair depreciates as the US Dollar (USD) loses safe-haven demand, following statements from US President Donald Trump on social media, where he announced that the US was engaged in “productive discussions” with Iran and would refrain from […]
by Currency Hedger
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- 2 weeks ago
JPY, Market Analysis, Technical Analysis, USD
Japanese Yen Outlook: USD/JPY Near 158 as Rate Differentials and Fiscal Policy Weigh on the Currency
The Japanese yen remains under pressure against the US dollar, trading around ¥158 per dollar and heading towards a fourth consecutive weekly decline in the latest reported market assessment. The wide interest-rate gap between the United States and Japan continues to weigh on the currency, while subdued household spending and concerns over Japan’s public debt […]
by Currency Hedger
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- 2 weeks ago
GBP, Market Analysis, Technical Analysis, USD
GBP edges higher to near 1.3250, renewed UK fiscal concerns in focus
The GBP/USD pair gathers strength to around 1.3240 during the early Asian trading hours on Friday. The US Dollar (USD) softens against the British Pound (GBP) following comments from Federal Reserve (Fed) Governor Christopher Waller. Traders will keep an eye on the Michigan Consumer Sentiment Index data for October later on Friday. Fed Governor Christopher […]
by Currency Hedger
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- 2 weeks ago
AUD, Market Analysis, Technical Analysis, USD
Australian Dollar edges higher amid modest USD weakness; upside potential seem limited
The AUD/USD pair edges higher during the Asian session on Friday, looking to build on the overnight bounce from the lower boundary of the weekly range amid a softer US Dollar (USD). Spot prices, however, lack bullish conviction and currently trade above mid-0.6900s, up just over 0.10% for the day. President Donald Trump said on […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
Crude Oil Market Outlook: Prices Slip Below $91 as US-Iran Signals Clash With Escalation Risks
Crude oil prices have eased below $91 per barrel, trimming recent gains as markets assess conflicting signals surrounding US-Iran relations and the security of global energy supplies. President Donald Trump said the United States was engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections, easing some immediate […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Technical Analysis, USD
US Dollar Market Outlook: Falling Treasury Yields Weigh on the Greenback Amid Fed Rate Uncertainty
The US dollar index has weakened toward 102, extending recent losses as declining Treasury yields and easing concerns over tensions with Iran reduce support for the greenback. A well-received 30-year Treasury bond auction suggests investors remain willing to purchase long-dated US government debt despite recent selling pressure, helping push yields lower and influencing expectations for […]
by Currency Hedger
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- 2 weeks ago