Market Analysis
Energies, Market Analysis
WTI falls to near $90.00 after news of Iran proposing reopening Hormuz
West Texas Intermediate (WTI) extends its losing streak after losing daily gains, trading around $90.20 per barrel during the European hours on Tuesday. Crude oil prices lose ground after Kyodo News noted a senior Iranian official, saying that Iran has offered to reopen the vital Strait of Hormuz within seven days on the condition that the United […]
by Currency Hedger
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- 1 month ago
Commodities, Energies, Market Analysis, Technical Analysis
Commodity Talk – Oil, Natgas, Cotton, Cocoa
Key takeaways Market Situation Since the beginning of this year, orange juice, coffee, and US natural gas remain sharply lower. Precious metals, except gold (which posts a minimal YTD decline), remain low. A large portion of commodities show rather negative signals from MACD. Source: XTB From a slightly shorter-term perspective (1 year), highly overbought markets […]
by Currency Hedger
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- 1 month ago
Market Analysis, Technical Analysis
Talking Nasdaq – Is it Overvalued?
One word keeps coming up in connection with the Nasdaq: “expensive.” And it’s hardly surprising, because when you look at the trailing price-to-earnings ratio, which is nearing 31, and add to that the price-to-sales ratio and EV/EBITDA, the picture does indeed look challenging. The problem is that the market isn’t always valued through the lens […]
by Currency Hedger
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- 1 month ago
Institutional, Market Analysis
UK borrowing is above target, again, as Brent gets back above $100
Key takeaways The UK’s public finance data for August made for more grim reading on the state of the UK’s public finances. The UK borrowed £18.3bn last month, up nearly 20% compared to a year ago, partly due to the impact of inflation. Borrowing in the financial year to August remains £8.1bn above the official […]
by Currency Hedger
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- 1 month ago
Market Analysis, Metals, Technical Analysis
XAG/USD holds losses near $66.00 amid Fed rate hike bets
Silver price (XAG/USD) inches lower after opening at a bullish gap, trading around $66.00 per troy ounce during Asian hours on Tuesday. Non-yielding Silver remains under pressure as hawkish remarks from Federal Reserve (Fed) officials have reinforced expectations for additional US interest rate hikes. Musalem flags need for earlier, incremental hikes as inflation risks stay […]
by Currency Hedger
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- 1 month ago
Energies, Market Analysis, Technical Analysis
WTI Crude Oil Forecast: Bulls Target $93 as Geopolitical Risk Supports Oil Above Key Fibonacci Levels
WTI crude oil prices recovered toward $93.00 per barrel on Tuesday after falling for four consecutive sessions and briefly slipping below $91.00, marking the lowest level in almost two weeks. The rebound reflects renewed buying interest as geopolitical tensions in the Middle East continue to provide support to the oil market. The latest recovery comes […]
by Currency Hedger
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- 1 month ago
EUR, Market Analysis, Technical Analysis
EUR/USD Forecast: Euro Faces Fresh Downside Risk as Hawkish Fed Signals Boost Dollar and 1.1445 Support Comes Under Pressure
EUR/USD traded higher toward 1.1475 during Tuesday’s early European session as the euro gained modest ground against the US dollar amid improved risk sentiment and renewed hopes for potential US-Iran diplomatic talks. Despite the rebound, the broader technical structure remains under pressure. EUR/USD continues to trade below its 100-day simple moving average (SMA), while the […]
by Currency Hedger
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Gold Price Forecast: Gold Falls Toward $4,350 as Hawkish Fed Comments Lift Rate Hike Expectations
Gold prices traded near $4,350 an ounce on Tuesday, extending the previous session’s decline as hawkish comments from Federal Reserve officials strengthened expectations that US interest rates could remain higher for longer or potentially rise further. Higher interest-rate expectations are weighing on gold by increasing the opportunity cost of holding a non-yielding asset while also […]
by Currency Hedger
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- 1 month ago
Energies, Market Analysis, Technical Analysis
Heating Oil Price Forecast: US Heating Oil Falls Below $4.90 as Supply Risks Persist Ahead of Winter
US heating oil prices fell below $4.90 per gallon, extending their retreat from the record high reached last week as improving energy flows through the Strait of Hormuz and renewed diplomatic efforts eased immediate concerns over global fuel supplies. The decline reflects a reduction in the geopolitical risk premium that had pushed heating oil prices […]
by Currency Hedger
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Copper Price Forecast: Copper Extends Six-Session Rally Above $6.70 as Supply Disruptions Tighten the Market
Copper futures climbed above $6.70 per pound on Tuesday, extending the rally to a sixth consecutive session as growing concerns over global mine supply continued to support prices. The latest move higher comes despite copper already trading at historically elevated levels, with supply disruptions, declining ore grades and weak production from Chile adding to concerns […]
by Currency Hedger
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- 1 month ago