Market Analysis
Market Analysis, NZD, Technical Analysis
New Zealand Dollar softens below 0.5700 on RBNZ rate hike odds, CPI inflation data in focus
The NZD/USD pair drifts lower to near 0.5680, snapping the four-day winning streak during the Asian trading hours on Wednesday. Markets turn cautious ahead of New Zealand’s Consumer Price Index (CPI) inflation data for the third quarter (Q3), which is due later on Thursday. Economists expect New Zealand inflation to ease slightly in the third […]
by Currency Hedger
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- 4 days ago
CAD, Market Analysis, Technical Analysis
Canadian Dollar holds ground as oil prices surge
USD/CAD moves little after four days of losses, trading around 1.4060 during Asian hours on Wednesday. The currency pair maintains its stance as the US Dollar (USD) stays firm amid rising oil prices that have heightened inflation concerns and driven safe-haven demand. However, the commodity-linked Canadian Dollar (CAD) is also positioned to gain strength from […]
by Currency Hedger
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- 4 days ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Tests nine-day EMA support near 177.50
EUR/JPY halts its four-day winning streak, trading around 177.70 during Asian hours on Tuesday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, suggesting an ongoing bearish bias. The EUR/JPY cross is consolidating between short-term support and medium-term resistance. The currency cross holds just above the nine-day Exponential […]
by Currency Hedger
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- 4 days ago
Market Analysis, Technical Analysis, USD
US Dollar Forecast: DXY Stabilises at 101.7 as Rising Oil Prices and Safe-Haven Demand Support the Greenback
Market Overview The US dollar index has stabilised around 101.7 after touching three-week lows in the previous session, with rising oil prices supporting the greenback as renewed inflation concerns and geopolitical uncertainty influence currency markets. Oil has resumed its upward trend after a diplomat disputed reports that an agreement to end the US-Iran conflict was […]
by Currency Hedger
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- 4 days ago
AUD, JPY, KRW, Market Analysis, NZD, Technical Analysis
Asian Currency Forecast: Australian Dollar Leads Regional Gains as Indian Rupee Falls 0.37%
Market Overview Asian foreign exchange markets are showing mixed performance, with the Australian dollar leading regional currencies higher while the Indian rupee records the sharpest decline among the reported movers. The Australian dollar has gained 0.38%, followed by the South Korean won, up 0.10%. Meanwhile, the Indian rupee has fallen 0.37%, while the Chinese yuan […]
by Currency Hedger
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- 4 days ago
Energies, Market Analysis, Technical Analysis
European Natural Gas Price Forecast: TTF Rebounds to €87 as Record-Low Seasonal Storage and LNG Disruptions Tighten Supply
Market Overview European natural gas prices have rebounded to around €87/MWh, recovering after a decline of more than 3% in the previous session as traders reassess the outlook for Middle East peace negotiations, liquefied natural gas (LNG) availability and winter storage requirements. The market remains under significant pressure from disrupted LNG supplies from the Persian […]
by Currency Hedger
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- 4 days ago
Market Analysis, Metals, Technical Analysis
Gold Price Forecast: Gold Falls Towards $4,100 as Oil Inflation Fears and Rate Hike Bets Weigh on Bullion
Market Overview Gold prices have extended their decline for a fourth consecutive session, moving towards $4,100 per ounce as rising oil prices intensify inflation concerns and strengthen expectations that interest rates could remain elevated for longer. The combination of renewed energy-market pressure, geopolitical uncertainty and shifting central bank expectations is challenging gold’s appeal, despite its […]
by Currency Hedger
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- 4 days ago
AUD, Market Analysis, Technical Analysis
Australian Dollar Forecast: AUD/USD Breaks Above $0.70 as RBA Rate Hike Bets Climb
Market Overview The Australian dollar has climbed above US$0.70, reaching a more than three-week high as hawkish comments from the Reserve Bank of Australia (RBA) strengthen expectations of another interest rate increase. Markets are increasingly focused on persistent inflation, elevated oil prices and the possibility that policymakers will need to tighten monetary policy further to […]
by Currency Hedger
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- 4 days ago
Energies, Market Analysis, Technical Analysis
US Heating Oil Price Forecast: Futures Approach $5 as Falling Inventories and Middle East Supply Risks Tighten the Market
Market Overview US heating oil futures have climbed towards $5 per gallon, moving closer to the record high reached in mid-September as falling distillate inventories and escalating geopolitical risks reinforce concerns over fuel availability. The market is balancing tighter US stockpiles and threats to critical Middle East shipping routes against the possibility that additional Russian […]
by Currency Hedger
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- 4 days ago
Energies, Market Analysis, Technical Analysis
US Natural Gas Price Forecast: Gas Rebounds to $2.97 as LNG Exports Rise and Storage Surplus Narrows
US natural gas prices are attempting to recover from a four-week low, edging up to $2.97 per MMBtu as stronger liquefied natural gas (LNG) export flows and declining domestic production provide support. However, the recovery faces a significant obstacle: unusually mild weather is expected to persist through late October, limiting both heating and cooling demand, […]
by Currency Hedger
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- 4 days ago