Technical Analysis
CAD, Market Analysis, Technical Analysis, USD
USD/CAD Price Forecast: Trades near 1.4100 after inching lower from descending channel top
USD/CAD extends its losses for the second successive day, trading around 1.4110 during European hours on Tuesday. The technical analysis of the daily chart shows that the pair price is remaining within the descending channel pattern, signalling an ongoing bearish bias. The USD/CAD pair holds a mildly bullish near-term bias as price remains above both […]
by Currency Hedger
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- 5 days ago
EUR, GBP, Market Analysis, Technical Analysis
EUR/GBP Price Forecast: Euro approaches 0.8360 with bulls gaining confidence
The Euro (EUR) accelerates gains against the British Pound (GBP) on Tuesday, after the mild recovery witnessed in the previous three days, favoured by falling Oil prices and a more positive market sentiment. The EUR/USD pair remains trapped within the last two weeks’ trading range, between 0.8320 and 0.8360, although momentum indicators show an initial […]
by Currency Hedger
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- 5 days ago
Market Analysis, Metals, Technical Analysis
Iron Ore Holds Near Four-Week Highs as Falling Shipments Tighten Supply Expectations
Today Markets Analysis Iron ore futures steadied above CNY 680 per tonne on Tuesday, remaining close to four-week highs as declining global shipments and reduced arrivals at Chinese ports provided underlying support to prices. The latest industry data showed a significant reduction in seaborne iron ore supply, with global shipments falling by 5.57 million tonnes […]
by Currency Hedger
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- 5 days ago
Energies, Market Analysis, Technical Analysis
Energy Commodities Slide as Natural Gas and Oil Prices Lead Market Losses
Today Markets Analysis Energy commodities came under broad selling pressure in Tuesday’s trading session, with natural gas and oil benchmarks recording some of the largest declines across the commodity market. UK natural gas led the losses, falling 2.15%, followed closely by European natural gas, which declined 2.05%. Heating oil dropped 2.03%, while Brent crude and […]
by Currency Hedger
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- 5 days ago
Energies, Market Analysis, Technical Analysis
Chart of the Day: NATGAS: Are we in for a weather-driven short squeeze?
Key takeaways US natural gas is rebounding this week with clear momentum, in contrast to the situation in European gas. Henry Hub contract prices rose over 4% on Monday to around $3.1/MMBtu, the highest since October 15, and this morning the market continues its move toward $3.2/MMBtu. Since the beginning of November, the price has […]
by Currency Hedger
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- 5 days ago
CHF, Market Analysis, Technical Analysis, USD
Trade of The Day USD/CHF : Swiss Franc Pair Signals Further Upside After Rebounding From Key Support
The US dollar against the Swiss franc (USD/CHF) is showing bullish technical signals, with the pair maintaining an upward bias after rebounding from an important daily support zone between 0.8150 and 0.8135. The recovery from this area suggests buyers are attempting to re-establish control, while the pair’s position above its 100-period daily moving average provides […]
by Currency Hedger
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- 5 days ago
Market Analysis, Metals, Technical Analysis
XAG/USD trades flat around $53 ahead of US inflation data
Silver price (XAG/USD) consolidates at around $53.00 during the early European trading session on Tuesday. The white metal flattens as investors await the United States (US) Consumer Price Index (CPI) data for October, which will be published at 13:30 GMT. According to estimates, the US headline CPI grew at a faster pace of 3.9% Year-on-Year […]
by Currency Hedger
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- 5 days ago
CAD, Market Analysis, Technical Analysis, USD
Canadian Dollar flatlines as traders brace for US CPI release
The USD/CAD pair trades on a flat note near 1.4120 during the early European trading hours on Tuesday. Traders might prefer to wait on the sidelines ahead of the key US inflation data, which is due later in the day. Stronger-than-expected US Nonfarm Payrolls (NFP) data released last week have reinforced expectations that the US […]
by Currency Hedger
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- 5 days ago
EUR, GBP, INR, Market Analysis, Technical Analysis, USD
Indian Rupee Leads Currency Losses as Asian FX Markets Show Mixed Performance
Today Markets Analysis The Indian rupee emerged as the weakest-performing major currency in the latest foreign exchange session, declining 0.38%, while the Japanese yen also recorded modest losses as broader currency markets remained relatively subdued. The rupee’s decline contrasted with largely unchanged movements in the British pound, euro and US dollar index, highlighting a divergence […]
by Currency Hedger
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- 5 days ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Holds gains near 1.3450, maintains constructive bias above 100-day SMA
The GBP/USD pair trades in positive territory around 1.3445 during the early European session on Tuesday. However, markets might turn cautious later in the day ahead of the release of the US October Consumer Price Index (CPI) inflation report. Last week, the BoE raised its benchmark interest rate by 25 basis points (bps) to 4.00%, […]
by Currency Hedger
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- 5 days ago