Technical Analysis
GBP, Market Analysis, Technical Analysis
GBP/USD Price Forecast: Steadies below 1.3350, remains capped below 100-day SMA
The GBP/USD pair holds steady around 1.3330 during the early European trading hours on Monday. Traders continue to assess the US interest rate path after Federal Reserve (Fed) Chair Kevin Warsh’s remarks. All eyes will be on the UK jobs data on Tuesday. On Wednesday, the UK Consumer Price Index (CPI) inflation report will be […]
by Currency Hedger
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- 6 days ago
IDR, Market Analysis, Technical Analysis
Indonesian Rupiah Forecast: IDR Struggles Near 18,040 as Dollar Strength and MSCI Downgrade Risk Weigh on Sentiment
The Indonesian rupiah is facing renewed pressure near IDR 18,040 per US dollar, struggling to move below the psychologically important 18,000 level as a firm dollar, geopolitical uncertainty and concerns over Indonesia’s potential market classification downgrade weigh on investor sentiment. The US dollar continues to draw support from euro weakness amid unrest in France and […]
by Currency Hedger
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- 6 days ago
AUD, EUR, KRW, Market Analysis, Technical Analysis, USD
Forex Market Forecast: Australian Dollar Leads Currency Gains as South Korean Won Strengthens and Major FX Pairs Consolidate
The Australian dollar and South Korean won are leading currency-market gains, rising 0.42% and 0.41%, respectively, as investors assess global economic conditions, interest-rate expectations and regional trade fundamentals. Meanwhile, the Japanese yen, euro, British pound and US Dollar Index are trading little changed, reflecting a more subdued session across several major currency markets. The divergence […]
by Currency Hedger
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- 6 days ago
KRW, Market Analysis, Technical Analysis
South Korean Won Forecast: KRW Approaches Two-Year High as Record Semiconductor Exports Support Currency
The South Korean won is trading around 1,330 per US dollar, extending its advance towards its strongest level since October 2024 as record export performance and strong dollar supply from exporters support the currency. South Korea’s exports surged 83.5% year-on-year to a record $120.94 billion in September, driven by a remarkable 263% increase in semiconductor […]
by Currency Hedger
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- 6 days ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Retreats from one-month top; slides below $97.50 but uptrend holds
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a weaker note, eroding a part of Friday’s strong gains to the $99.25-$99.30 region, or a one-month high. The commodity slides back below mid-$97.00s during the Asian session amid hope of improving supplies after US President Donald […]
by Currency Hedger
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- 6 days ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Forecast: Weakens below 1.1250, bearish tone prevails below 100-day SMA
The EUR/USD pair trades in negative territory around 1.1230 during the early European trading hours on Monday. Fiscal risks in France and political instability in Europe exert some selling pressure on the Euro (EUR) against the US Dollar (USD). European Central Bank (ECB) Executive Board member Frank Elderson is set to speak later in the […]
by Currency Hedger
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- 6 days ago
Market Analysis, NZD, Technical Analysis
New Zealand Dollar strengthens above 0.5650 on strong China’s GDP data
The NZD/USD pair holds positive ground near 0.5655 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) edges slightly higher against the US Dollar (USD) following the upbeat Chinese economic data. Traders await New Zealand’s Consumer Price Index (CPI) inflation report, which is due later on Thursday. Data released by the National […]
by Currency Hedger
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- 6 days ago
AUD, JPY, Market Analysis, Technical Analysis
AUD/JPY Price Forecast: Retakes 110.00 on upbeat China GDP; upside seems limited
The AUD/JPY cross attracts some follow-through buyers for the second straight day on Monday, recovering further from an eight-month low, around the 108.65-108.60 region, touched last week. Spot prices climbed back above the 110.00 psychological mark during the Asian session amid a combination of supporting factors. The Australian Dollar (AUD) gets a minor lift in […]
by Currency Hedger
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- 6 days ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Hovers around 177.50 near nine-day EMA
EUR/JPY appreciates after opening at a bearish gap, remaining in negative territory and trading around 177.50 during Asian hours on Monday. 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 maintaining a capped tone as it holds below the […]
by Currency Hedger
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- 6 days ago
Commodities, Technical Analysis
Palm Oil Price Forecast: Malaysian Futures Hold Above MYR 4,750 as Exports Surge and Indonesia’s Biodiesel Policy Tightens Supply Outlook
Malaysian palm oil futures are holding above MYR 4,750 per tonne, remaining near a three-week high as robust export demand, stronger edible oil prices in China and Indonesia’s biodiesel policy support market sentiment. Shipments from Malaysia accelerated sharply during the first half of October, while festival-related buying from India, the world’s largest palm oil importer, […]
by Currency Hedger
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- 6 days ago