Market Analysis
Commodities, Market Analysis, Technical Analysis
Corn Prices Consolidate as Ethanol Demand Strengthens Ahead of US Crop Data
Corn prices are consolidating after giving back part of their recent advance, with futures under pressure as traders assess improving ethanol demand against expectations for a modest reduction in US yield and production estimates. The market is now looking toward US export-sales data and the next Crop Production report for confirmation of demand strength and […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Wheat Prices Retreat as Traders Await US Export Sales and WASDE Updates
Wheat markets are facing renewed selling pressure as futures retreat after failing to extend the previous session’s strength. Chicago SRW, Kansas City HRW and Minneapolis spring wheat are all under pressure, with traders now shifting their attention toward upcoming US export-sales data, the latest WASDE estimates and revisions to global production forecasts. The near-term outlook […]
by Currency Hedger
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- 2 weeks ago
EUR, GBP, Market Analysis, Technical Analysis
EUR/GBP Price Forecast: Rejection at 0.8500 leaves yearly low at 0.8455 exposed
The Euro (EUR) extends losses against the British Pound (GBP) on Wednesday, on track to complete a nearly 1.6% decline in a nine-day losing streak. A mild EUR/GBP recovery attempt found sellers at the 0.8500 area on Tuesday, sending the pair back to the 0.8475 area, with the 16-month low, at 0.8455, on sight. The […]
by Currency Hedger
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- 3 weeks ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Holds Near IDR 17,900 as Reserves Support Currency
The Indonesian rupiah remains around IDR 17,900 per U.S. dollar as stable foreign-exchange reserves, resilient domestic activity and continued intervention from Bank Indonesia provide support for the currency. However, an elevated U.S. dollar and still-high U.S. Treasury yields are limiting the rupiah’s ability to strengthen significantly. September foreign-exchange reserves remain around USD 146.3 billion, keeping […]
by Currency Hedger
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- 3 weeks ago
JPY, Market Analysis, Technical Analysis, USD
USD/JPY Price Forecast: Clings to gains near 158.50, over one-week top amid firmer USD
The USD/JPY pair touches a one-and-a-half-week high, around mid-158.00s during the Asian session on Wednesday, with bulls shrugging off fears about a potential government intervention to support the Japanese Yen (JPY) and taking cues from resurgent US Dollar (USD) demand. Despite signs of moderating inflation and a cooling labor market, traders are still pricing in […]
by Currency Hedger
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- 3 weeks ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Downside pressure could intensify below 1.3180
The British Pound (GBP) trades 0.18% lower at around 1.3248 against the US Dollar (USD) during the early European trading session on Wednesday. The GBP/USD pair is under pressure as the US Dollar outperforms ahead of the release of Federal Open Market Committee (FOMC) minutes of the September policy meeting at 18:00 GMT. As of […]
by Currency Hedger
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- 3 weeks ago
CHF, Market Analysis, USD
Swiss Franc declines ahead of release of Foreign Currency Reserves data
USD/CHF extends its gains for the third consecutive day, trading around 0.8330 during Asian hours on Wednesday. Switzerland’s seasonally-adjusted Unemployment Rate was unchanged at 3.1% for the fifth month in a row in September. Foreign Currency Reserves for September will be eyed later in the day. Franc support persists as France debt worries overshadow SNB […]
by Currency Hedger
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- 3 weeks ago
INR, Market Analysis
USD/INR remains broadly muted after RBI’s 25 bps hike in Repo Rates to 5.5%
The Indian Rupee ((INR) remains broadly muted at around 96.37 against the US Dollar (USD) after the Reserve Bank of India’s (RBI) monetary policy decision. In the policy meeting, the RBI decide to hike its Repo Rate by 25 basis points (bps) to 5.5%, the first hike since February 2023. In the policy statement, RBI […]
by Currency Hedger
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- 3 weeks ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Slips below 178.00 after pulling back from nine-day EMA
EUR/JPY inches lower after posting modest gains in the previous day, trading around 177.90 during Asian hours on Wednesday. Technical analysis of the daily chart shows that the currency cross is remaining within the descending channel pattern, suggesting an ongoing bearish bias. The EUR/JPY cross is retaining a bearish near-term bias as it holds below […]
by Currency Hedger
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- 3 weeks ago
KRW, Market Analysis, Technical Analysis, USD
South Korean Won Strengthens Toward 2024 High as Semiconductor Exports Drive Dollar Selling
The South Korean won is trading around 1,338 per dollar, approaching its strongest level since October 2024 as persistent dollar selling from semiconductor exporters strengthens demand for the Korean currency. Thin holiday liquidity is amplifying the impact of corporate dollar flows, allowing the exchange rate to move toward the mid-to-high 1,330s. The won is also […]
by Currency Hedger
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- 3 weeks ago