Technical Analysis
Commodities, Market Analysis, Technical Analysis
Wheat Prices Face Further Pressure as Weak US Export Sales and Fund Selling Weigh on Futures
Wheat markets remain under pressure heading into the new week, with Chicago, Kansas City and Minneapolis futures all closing lower on Friday. Weakening US export demand, rising speculative selling and a slow start to French planting are shaping the outlook. Traders will be watching whether fresh export business and developments in global crop conditions can […]
by Currency Hedger
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- 1 week ago
Commodities, Market Analysis, Technical Analysis
Live Cattle Futures Rally Ahead of Monday’s Open as Tight US Supplies Support Prices
Live cattle futures strengthened on Friday, with contracts gaining $1.10 to $1.65, while December futures finished the week $1.30 higher. Limited US cattle slaughter, firm cash-market prices and strong weekly beef shipments are providing underlying support as the market heads into Monday’s session. Feeder cattle futures were mixed, while the CME Feeder Cattle Index climbed […]
by Currency Hedger
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- 1 week ago
Commodities, Market Analysis, Technical Analysis
Coffee Prices Rally as El Niño Threatens Brazil and Vietnam Crops Ahead of Monday’s Open
Coffee futures surged on Friday, with December arabica climbing 3.66% to a five-week high and November robusta advancing 1.16%. Growing concerns that an El Niño weather pattern could disrupt coffee production in Brazil and Vietnam next year helped drive buying, although abundant supplies, strong exports and rising robusta inventories continue to limit the bullish outlook. […]
by Currency Hedger
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- 1 week ago
Commodities, Market Analysis, Technical Analysis
Cocoa Prices Plunge Over 3% as Weak North American Demand and Rising Inventories Hit Market Sentiment
Cocoa futures face a cautious start to the new week after both New York and London contracts fell more than 3% on Friday. December New York cocoa declined 3.19%, while December London cocoa dropped 3.23%, following unexpectedly weak North American cocoa grindings and a continued build-up in ICE inventories. The sell-off contrasts with stronger-than-expected demand […]
by Currency Hedger
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- 1 week ago
Commodities, Market Analysis, Technical Analysis
Sugar Prices Retreat Ahead of Monday’s Open as Brazil Harvest Risks Clash With a Tightening Global Supply Outlook
Sugar futures ended Friday sharply lower as forecasts for hot, dry weather across Brazil’s Center-South region raised expectations for a faster harvest and renewed cane crushing. March New York raw sugar fell 1.33%, while December London white sugar declined 1.10%, as traders locked in profits following a strong three-week rally. The market enters Monday’s open […]
by Currency Hedger
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- 1 week ago
Commodities, Market Analysis, Technical Analysis
Cotton Prices Face a Critical Monday Open as Weak Export Sales Clash with Fund Buying and a Softer US Dollar
Cotton futures ended Friday mixed, with contracts ranging from a 19-point decline to a 24-point gain, while December cotton lost 54 points over the week. The market enters Monday’s open balancing weaker US export sales and shipments against continued managed-money buying, rising crude oil prices and a softer US dollar. The immediate outlook is mixed, […]
by Currency Hedger
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- 1 week ago
Energies, Market Analysis, Technical Analysis
Trade of the Day: NATGAS.EU
Facts: Recommendation: NATGAS.EU (D1) Source: xStation5 OPINION : Despite the strongly bullish momentum the contract price has shown in recent months, it has displayed a noticeable tendency to return toward the regression line (mean reversion) and closer to the middle of the Fibonacci channel range. The price is currently near the 423.6 level of the […]
by Currency Hedger
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- 1 week ago
Market Analysis, Technical Analysis
UK Bank Tax Threatens FTSE 100 as Lloyds and NatWest Slide Ahead of Budget
The FTSE 100 faces renewed pressure from the banking sector as speculation over a potential UK bank-specific tax weighs on domestic lenders. Lloyds Banking Group has fallen 2% and NatWest has declined 1.8% following reports that the government is considering higher taxes on bank profits ahead of the upcoming Budget. The potential policy change comes […]
by Currency Hedger
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- 1 week ago
EUR, Market Analysis, Technical Analysis
EURUSD continues to rebound
EURUSD rises for a second consecutive day, supported by lower yields and cooling oil prices EUR/USD continues to rebound after falling to a 17-month low, with yesterday’s stronger-than-expected U.S. PPI inflation data failing to halt the recovery. The pair is up nearly 0.2% today after gaining around 0.6% in the previous session, supported not only […]
by Currency Hedger
- 0 Comments
- 1 week ago
Energies, Market Analysis, Technical Analysis
Chart of the Day: NATGAS – Are there chances for a seasonal rebound amid warm weather?
Key takeaways Surprise from inventory data and force majeure on the pipeline Natural gas prices are falling for the third consecutive day. It is worth noting that on Wednesday we observed a pullback of almost 5%, which was largely erased. Looking at yesterday’s strong bearish candle and today’s continuation, we are testing the area around […]
by Currency Hedger
- 0 Comments
- 1 week ago