Technical Analysis
Commodities, Market Analysis, Technical Analysis
Live Cattle Price Forecast: Feeder Cattle Futures Rally as Tight US Slaughter Supports Livestock Markets
US cattle futures are sending mixed signals as feeder cattle prices climb while live cattle contracts struggle to maintain momentum. Live cattle futures closed unevenly, with nearby contracts slipping as much as $0.325, while feeder cattle futures gained up to $2.025. Meanwhile, federally inspected cattle slaughter remains significantly below year-ago levels, tightening the supply backdrop […]
by Currency Hedger
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- 5 days ago
Commodities, Market Analysis, Technical Analysis
Palm Oil Price Forecast: Malaysian Futures Rebound Toward MYR 4,800 as Exports Surge Despite Record Inventories
Malaysian palm oil prices are recovering towards MYR 4,800 per tonne as surging exports, stronger Chinese edible oil markets and rising biodiesel demand expectations support the palm oil price outlook. Malaysian shipments jumped by 43.2%–58.3% month-on-month in the first half of October, while festival-driven demand from India is providing additional support for the world’s leading […]
by Currency Hedger
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- 5 days ago
Energies, Market Analysis, Technical Analysis
Crude Oil Price Forecast: Oil Holds Above $98 as Strait of Hormuz Risks Clash With Recovering Gulf Shipments
Crude oil prices are holding above $98 per barrel as traders weigh escalating geopolitical tensions against signs that Persian Gulf oil shipments are recovering. Energy flows have reportedly returned to around 80% of pre-war levels, offering some relief to a market still facing significant uncertainty over shipping security, refined-product availability and energy infrastructure. The immediate […]
by Currency Hedger
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- 5 days ago
Market Analysis, Metals, Technical Analysis
Gold Price Forecast: Gold Falls Toward $4,100 as Oil-Driven Inflation and Rising Yields Pressure Bullion
Gold prices remain under pressure, approaching $4,100 per ounce as the precious metal records a third consecutive session of losses. Elevated oil prices are intensifying inflation concerns, reinforcing expectations that interest rates could remain restrictive for longer and supporting the US dollar and government bond yields. The combination is creating a challenging environment for non-yielding […]
by Currency Hedger
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- 5 days ago
CNH, JPY, KRW, Market Analysis, Technical Analysis
Asian Currency Forecast: South Korean Won Leads Regional Gains as Yuan Strengthens and Yen Consolidates
Asian currencies are showing mixed but modestly positive momentum, with the South Korean won rising 0.40% to lead regional gains and the Chinese yuan advancing 0.06%. The Japanese yen remains little changed, highlighting differences in investor sentiment and the factors influencing each currency. The won’s advance puts it at the forefront of the latest regional […]
by Currency Hedger
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- 5 days ago
Market Analysis, Metals, Technical Analysis
Zinc Price Forecast: Futures Hold Above $3,700 as Smelter Risks and Falling Inventories Tighten Supply
Zinc futures are holding above $3,700 per tonne, maintaining a recovery from the October 16 low of $3,664.90 as persistent supply constraints support prices. Reduced production in Western markets, declining Chinese output and lower inventories monitored by the Shanghai Futures Exchange are reinforcing concerns about the availability of refined zinc. Supply uncertainty is also being […]
by Currency Hedger
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- 5 days ago
CNH, Market Analysis, Technical Analysis
Chinese Yuan Forecast: Offshore Yuan Hits Four-Year High Near 6.68 as Stronger Growth Eases Pressure for Stimulus
The offshore Chinese yuan has strengthened to around 6.68 per US dollar, extending its advance for a fourth consecutive session and reaching its strongest level since June 2022. Better-than-expected economic growth has reduced the urgency for additional monetary easing, providing support for the currency as investors reassess China’s near-term policy outlook. China’s economy grew by […]
by Currency Hedger
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- 5 days ago
Commodities, Market Analysis, Technical Analysis
Soybean Price Forecast: Futures Hit Eight-Week Low Despite China’s 1.472 Million-Tonne Buying Spree
Soybean futures have slipped to around $12.50 per bushel, reaching their lowest level in eight weeks as advancing US harvesting and favourable Midwest weather forecasts outweigh renewed Chinese demand. Despite the recent weakness, confirmed purchases by China are providing an important source of support, with the US Department of Agriculture (USDA) reporting another 114,000 metric […]
by Currency Hedger
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- 5 days ago
JPY, Market Analysis, Technical Analysis
Japanese Yen Forecast: USD/JPY Holds Near 158.5 as Hawkish BOJ Signals Fail to Lift Currency
The Japanese yen is hovering around 158.5 per US dollar, struggling to recover despite hawkish remarks from Bank of Japan (BOJ) Governor Kazuo Ueda. While underlying inflation is approaching the central bank’s 2% target, supported by a moderate economic recovery and tight labour market conditions, the yen continues to face pressure from interest-rate differentials and […]
by Currency Hedger
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- 5 days ago
Commodities, Market Analysis, Technical Analysis
Corn Price Forecast: Futures Fall to Nine-Week Low as Record US Crop and Weak Exports Weigh on Prices
Corn futures have fallen to around $4.60 per bushel, reaching their lowest level in nine weeks as favourable harvest weather, expectations of record US production and weaker-than-expected export demand increase pressure on prices. Although recent rainfall temporarily disrupted fieldwork across parts of the Midwest, drier conditions expected through the end of the week could accelerate […]
by Currency Hedger
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- 5 days ago