Market Analysis
Commodities, Market Analysis, Technical Analysis
Agricultural Commodities Market Update: Palm Oil, Wheat and Oats Advance as Cocoa Leads Declines
Agricultural commodity markets are showing mixed performance, with palm oil, wheat and oats leading gains while cocoa records the largest decline across the sector. Palm oil has advanced by 2.70%, making it the strongest performer in the latest market snapshot. Wheat has also moved higher, gaining 1.87%, while oats added 1.76%. On the downside, cocoa […]
by Currency Hedger
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- 4 days ago
EUR, GBP, Market Analysis, Technical Analysis
EUR/GBP Price Forecast: Euro stalls below 0.8370 as Crude recovery weighs
The Euro (EUR) trades practically flat against the British Pound (GBP) on Wednesday, as the rebound in Oil prices is offsetting the positive risk sentiment. The EUR/GBP pair holds above the top of the previous trading range, at 0.8360 so far, but remains unable to find acceptance above 0.8370. Crude Oil prices have bounced up […]
by Currency Hedger
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- 4 days ago
INR, Market Analysis, Technical Analysis, USD
Indian Rupee rallies further on FIIs return to Indian stock market
The Indian Rupee (INR) continues to outperform the US Dollar (USD) on the back of significant inflow of foreign funds into the Indian stock market and a continued decline in oil prices. As of writing, the USD/INR pair posts a fresh five-month low near 93.70. FIIs buying remains significant in past trading days There has […]
by Currency Hedger
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- 4 days ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Clings to gains above mid-$85.00s; bearish potential seems intact
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some buyers on Wednesday, looking to extend the previous day’s goodish rebound from the $83.00 neighborhood, or its lowest level since late August. The commodity sticks to a mildly positive tone around the $85.70 region through the early European session, though it […]
by Currency Hedger
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- 4 days ago
CHF, Market Analysis, Technical Analysis, USD
Swiss Franc declines amid divergent Fed-SNB rate outlooks
USD/CHF extends its gains for the second consecutive day, trading around 0.8260 during early European hours on Wednesday. The currency pair continues to appreciate as the US Dollar (USD) remains firm following the latest US inflation report. The data has reinforced market expectations for a Federal Reserve (Fed) rate hike in December, with the CME […]
by Currency Hedger
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- 4 days ago
EUR, Market Analysis, USD
Euro remains on its back foot as German CPI confirms easing price pressures
The Euro (EUR) extends losses against the US Dollar (USD) for the second consecutive day, on Wednesday, failing to find support in the final German inflation release. The EUR/USD trades at 1.1155, after retreating from session highs just above 1.1250 on Tuesday, although it remains within the previous range, above year-to-date lows at the 1.1110 area. […]
by Currency Hedger
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- 4 days ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Falls Beyond IDR 18,150 as Dollar Strength and Political Uncertainty Hit Sentiment
The Indonesian rupiah weakened beyond IDR 18,150 per US dollar on Wednesday, reversing recent gains as a stronger greenback, domestic political uncertainty and renewed concerns over foreign capital outflows weighed on the currency. The rupiah was among the weakest-performing currencies in the region, facing pressure from hotter-than-expected US inflation and growing expectations of further Federal […]
by Currency Hedger
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- 4 days ago
Market Analysis, Metals, Technical Analysis
Iron Ore Prices Fall Towards CNY 680 as China Steel Production Restrictions Threaten Demand
Iron ore futures slipped towards CNY 680 per tonne on Wednesday, reaching a one-week low as expectations of further steel production restrictions in China’s major industrial centres raised concerns over raw material demand. The latest weakness reflects growing uncertainty surrounding steel output across Hebei province, where key production hubs including Tangshan and Handan have entered […]
by Currency Hedger
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- 4 days ago
Market Analysis, Technical Analysis, USD
United States Dollar Index steadies on Fed rate-hike odds
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after registering over 0.5% gains in the previous day and trading around 102.20 during Asian hours on Wednesday. The Greenback may regain ground as the latest US inflation data cemented market expectations for a […]
by Currency Hedger
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- 4 days ago
Market Analysis, Metals, Technical Analysis
XAG/USD bears have the upper hand below $53.00 pivotal resistance
Silver (XAG/USD) attracts some dip-buyers during the Asian session on Wednesday, reversing a part of the previous day’s retracement slide from the $53.70-$53.75 region, or a one-and-a-half-week top. The white metal currently trades near mid-$52.00s, up around 1.80% for the day, though the upside potential seems limited amid mixed cues. Tuesday’s hotter-than-expected US consumer inflation […]
by Currency Hedger
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- 4 days ago