Market Analysis
Market Analysis, Metals, Technical Analysis
Copper SLIDES Toward Weekly Loss as China Demand Weakens and Supply Risks Build
Copper futures steadied around $6.52 per pound on Friday but remained on track for a nearly 3% weekly decline as signs of weakening industrial activity in China, the world’s largest copper consumer, weighed on the demand outlook. The metal also came under pressure from a stronger U.S. dollar, elevated bond yields and rising oil prices, […]
by Currency Hedger
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- 3 weeks ago
CAD, Market Analysis, Technical Analysis, USD
USD/CAD Price Forecast: Falls to near 1.4200 after pulling back from nearly 18-month highs
USD/CAD loses ground for the second successive day, trading around 1.4210 during Asian hours on Friday. The technical analysis of the daily chart indicates that the price is positioned slightly below the top trendline of an ascending channel, suggesting a persistent bullish bias. The USD/CAD pair is maintaining a bullish near-term bias as spot holds […]
by Currency Hedger
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- 3 weeks ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Likely retest YTD low near 1.3140
The British Pound (GBP) trades 0.1% higher at around 1.3208 against the US Dollar (USD) during the Asian trading session on Friday. The GBP/USD pair as the US Dollar Index trades slightly lower to near 101.93 after posting a fresh over-a-year high at 102.20 on Thursday. The US Dollar is expected to trade cautiously as […]
by Currency Hedger
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- 3 weeks ago
CHF, Hedging, Market Analysis, Technical Analysis, USD
Swiss Franc gains as US Dollar eases amid easing Fed rate hike odds
USD/CHF extends its losses for the second consecutive day, trading around 0.8290 during Asian hours on Friday. The pair depreciates as the US Dollar (USD) struggles amid easing Federal Reserve (Fed) rate hike bets, with markets pricing in nearly a 28% chance of an October rate increase according to the CME FedWatch Tool. However, the […]
by Currency Hedger
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- 3 weeks ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Forecast: Next move hinges on US NFP data
The Euro (EUR) finds temporary support against the US Dollar (USD) on Friday after a four-day losing streak, in which it hits a fresh yearly low at 1.1215. In Asian trade, EUR/USD is up 0.1% to near 1.1253 due to a marginal correction in the US Dollar. Euro Price This week The table below shows […]
by Currency Hedger
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- 3 weeks ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Dips to $91.50 as Middle East jitters limit losses
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some sellers during the Asian session on Friday, snapping a two-day winning streak and stalling the previous day’s recovery from the vicinity of a nearly four-week low. The black liquid currently trades near $91.50, down 0.45% for the day, though the downside […]
by Currency Hedger
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- 3 weeks ago
Commodities, Market Analysis, Technical Analysis
Soybeans SLIDE Toward 5-Week Low as Record US Crop and Weak China Demand Weigh
Soybean futures fell to around $12.70 per bushel on Friday, approaching a five-week low as harvest pressure from expectations for a record-large U.S. crop continued to weigh on prices. Wet conditions during late summer and early autumn slowed the harvest pace, but the arrival of new-crop supplies is keeping pressure on the market. Harvest was […]
by Currency Hedger
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- 3 weeks ago
JPY, Market Analysis, Technical Analysis, USD
Yen Steadies After Hot Tokyo Inflation Data
The Japanese yen strengthened slightly below ¥158 per U.S. dollar on Friday, trimming recent losses after data showed Tokyo’s core inflation accelerated to 2.7% in September. The reading exceeded the Bank of Japan’s 2% target for the first time in nine months, strengthening the case for continued monetary-policy normalization. However, the yen’s recovery remained limited […]
by Currency Hedger
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- 3 weeks ago
AUD, Market Analysis, Technical Analysis, USD
Aussie Dollar Under Pressure: AUD Heads for 4th Weekly Loss Despite RBA Rate Hike
The Australian dollar remained little changed below $0.70, trading near multi-month lows as a stronger U.S. dollar and surging Treasury yields continued to weigh on the currency. The Aussie is heading for a fourth consecutive weekly decline despite the Reserve Bank of Australia raising its cash rate to a 15-year high of 4.6% in September. […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Under Pressure as Dollar Strength Drives Third Weekly Decline
The Indonesian rupiah remained under pressure around IDR 17,900 per U.S. dollar on Friday, struggling to recover after touching the IDR 18,000 level earlier in the week. Persistent dollar strength continued to weigh on the currency, while expectations for further Federal Reserve tightening, elevated inflation and geopolitical uncertainty kept demand for the greenback firm. Bank […]
by Currency Hedger
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- 3 weeks ago