Market Analysis
Energies, Market Analysis, Technical Analysis
Chart of the Day: European Gas (NATGAS.EU) below 80 EUR, but Goldman Sachs warns of 105 EUR/MWh.
In the European gas market (Dutch TTF benchmark), we are observing a sharp sell-off today, with prices falling below the key level of 80 EUR/MWh. Recently, we have seen a strong correlation with oil prices, linked to shared concerns over Middle Eastern supply and rising demand in Asia for both oil and gas. Today, despite […]
by Currency Hedger
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- 1 month ago
Market Analysis, Technical Analysis
The Week Ahead: Fuel Prices, Bond Markets and PMI Data in Focus
Financial markets enter the final weeks of the third quarter with uncertainty and volatility still elevated, although a decline in oil prices and renewed optimism surrounding US-China engagement have provided some relief to equities at the start of the week. Brent crude has fallen back toward $101.70 a barrel, while European shares and US equity […]
by Currency Hedger
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- 1 month ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Sterling Falls Below 1.3400 as Fed Strength and Bearish Technicals Weigh
GBP/USD is trading below 1.3400 at the start of the week, with the pair around 1.3375 during early European trading. Sterling remains under pressure after the US Federal Reserve delivered a hawkish rate increase last week, while the technical structure continues to point to downside pressure as long as the pair remains below its 100-day […]
by Currency Hedger
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Silver Price Forecast: XAG/USD Holds Above $66 as Fed Policy and Middle East Risks Drive the Outlook
Silver prices are consolidating around $66.35 per ounce at the start of the week after posting a strong recovery through the second half of last week. The white metal remains above its short-term trend support, but gains have paused as traders assess the Federal Reserve’s renewed tightening cycle, changing expectations for inflation and developments surrounding […]
by Currency Hedger
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Iron Ore Price Forecast: Iron Ore Rises Above CNY 715 as Chinese Mills Restock Ahead of Golden Week
Chinese iron ore futures climbed above CNY 715 per tonne on Monday, extending gains for a fourth consecutive session as steel mills increased purchases ahead of China’s extended National Day Golden Week holiday in early October. The recovery comes after iron ore recently traded near one-month lows, with pre-holiday restocking providing an important short-term demand […]
by Currency Hedger
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- 1 month ago
Energies, Market Analysis, Technical Analysis
European Natural Gas Price Forecast: TTF Gas Falls Below €79 as Middle East Diplomacy and Winter Supply Risks Collide
European natural gas prices fell below €79/MWh on Monday, retreating after a sharp rise in the previous session as traders monitored diplomatic developments surrounding the Middle East conflict and their potential impact on global LNG supplies. The decline came as oil prices also moved lower following renewed expectations of diplomatic engagement between the United States […]
by Currency Hedger
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- 1 month ago
JPY, Market Analysis, Technical Analysis, USD
USD/JPY Price Forecast: Yen Consolidates Near 157 as Intervention Risks Rise
The Japanese yen consolidated around 157 per dollar on Monday, after losing more than 2% last week, as traders remained alert to the possibility of renewed Japanese currency intervention during a holiday-shortened trading session. Japan’s markets are closed for a three-day holiday, reducing liquidity and potentially increasing the sensitivity of USD/JPY to official comments or […]
by Currency Hedger
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Platinum Price Forecast: Platinum Holds Above $1,800 as Falling Oil and Supply Constraints Support the Market
Platinum futures climbed above $1,800 an ounce, extending gains for a third consecutive session as falling oil prices reduced concerns over persistent inflation and the possibility of further aggressive interest-rate tightening. The retreat in crude prices has lowered some of the pressure on non-yielding precious metals, while investors continue to assess the Federal Reserve’s outlook […]
by Currency Hedger
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- 1 month ago
Commodities, Market Analysis, Technical Analysis
Corn Price Forecast: Global Supply Deficit Supports Corn Futures Near 2023 Highs
Corn futures remain elevated near $5.30 per bushel, with December corn recently trading around $5.27-$5.30 after retreating from the September advance. The market remains supported by tightening global supply expectations, with the USDA forecasting global corn consumption to exceed production by nearly 30 million metric tons in 2026/27, potentially creating the largest global production deficit […]
by Currency Hedger
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- 1 month ago
Commodities, Market Analysis
Wheat Climbs Nearly 2% as US-China Trade Optimism Raises Prospects for Agricultural Demand
Wheat climbed nearly 2% toward $7.30 per bushel in mid-September, rebounding from a three-week low recorded on September 18, as renewed US-China trade engagement increased optimism ahead of the planned Trump-Xi summit. Officials from both countries, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, met over the weekend. Bessent described […]
by Currency Hedger
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- 1 month ago