Technical Analysis
CAD, Market Analysis, Technical Analysis
Canadian Dollar stands firm near two-week high vs weak USD amid bullish oil prices
The USD/CAD pair remains under some selling pressure for the second straight day on Friday, trading around the 1.4175-1.4170 region during the Asian session and close to an over two-week low set the previous day. Spot prices seem poised to register weekly losses, and a combination of negative factors backs the case for further depreciation. […]
by Currency Hedger
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- 1 week ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Holds steady below 177.50, bearish technicals reinforce downside bias
The EUR/JPY cross trades on a flat note around 177.30 during the early European trading hours on Friday. Traders remain on high alert for currency intervention from Japanese authorities to prop up the Japanese Yen (JPY). Furthermore, hawkish comments from a Bank of Japan (BoJ) policymaker could provide some support to the JPY and act […]
by Currency Hedger
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- 1 week ago
JPY, Market Analysis, Technical Analysis, USD
USD/JPY Price Forecast: 157.50 pivotal support holds after Warsh’s remarks
The USD/JPY pair fades an Asian session uptick to the 158.15-158.20 region, sliding back below the 158.00 mark following Federal Reserve (Fed) Chair Kevin Warsh’s opening remarks at the Annual Meetings of the International Monetary Fund and World Bank Group, in Bangkok. In a conversation with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva, […]
by Currency Hedger
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- 1 week ago
AUD, EUR, Market Analysis, NZD, Technical Analysis, USD
New Zealand Dollar Leads FX Gainers as Australian Dollar and Pound Strengthen, While US Dollar Softens
The New Zealand dollar is leading major currency gainers, appreciating 0.52%, while the Australian dollar advances 0.34% and the British pound rises 0.17%. The Japanese yen also edges higher, while the Indian rupee comes under pressure and the US dollar index declines. The euro remains broadly unchanged. The latest moves point to a mixed currency […]
by Currency Hedger
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- 1 week ago
KRW, Market Analysis, Technical Analysis
South Korean Won Weakens as $20 Billion Foreign Capital Outflows and AI Valuation Fears Pressure Markets
The South Korean won is trading around 1,343 per US dollar, with persistent foreign capital outflows, technology-sector uncertainty and concerns over Federal Reserve policy keeping pressure on the currency. Although a softer US dollar and retreating Treasury yields offer some relief, sustained selling of Korean equities remains a key downside risk. Market Snapshot Indicator Latest […]
by Currency Hedger
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- 1 week ago
Commodities, Market Analysis, Technical Analysis
Cocoa Prices Rebound as Asian and European Demand Surges, but Record Inventories Limit Gains
Today Markets Analysis Cocoa futures advanced on Thursday as stronger-than-expected grinding data from Asia and Europe revived demand expectations, while heavy rainfall in Ivory Coast disrupted harvesting and deliveries to ports. December New York cocoa rose 1.67%, while London cocoa gained 1.04%. The rally follows recent gains that pushed New York cocoa to a one-month […]
by Currency Hedger
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- 1 week ago
Commodities, Market Analysis, Technical Analysis
Wheat Prices Retreat as Traders Await US Export Sales and Assess European Supply
Today Markets Analysis US wheat futures closed lower on Thursday after surrendering early gains, as traders looked ahead to fresh export sales data to determine whether lower prices are attracting stronger international demand. Chicago soft red winter wheat, Kansas City hard red winter wheat and Minneapolis spring wheat all finished lower. The market now faces […]
by Currency Hedger
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- 1 week ago
Commodities, Market Analysis, Technical Analysis
Coffee Prices Slide as Record Supply Outlook and Rising Robusta Inventories Weigh on Market
Today Markets Analysis Coffee prices fell sharply on Thursday as improving growing conditions in Brazil and Vietnam reinforced expectations of abundant global supplies. December arabica futures declined 1.09% to close at a loss of 3.25 cents, while November robusta futures dropped 3.10%, reaching a two-week low. The market is increasingly focused on the prospect of […]
by Currency Hedger
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- 1 week ago
Commodities, Technical Analysis
Live Cattle and Feeder Futures Rally as Tight US Supplies Support Prices
Today Markets Analysis US live cattle futures advanced across the board on Thursday, while feeder cattle contracts led the rally with gains of up to $4.40. Limited slaughter numbers, firm cash cattle bids and a higher feeder cattle index are supporting the market, although mixed wholesale beef prices indicate that demand conditions remain uneven. The […]
by Currency Hedger
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- 1 week ago
Market Analysis, Metals, Technical Analysis
Copper Rebounds Towards $6.60 as Weaker Dollar and Chile Mine Disruptions Tighten Supply
Today Markets Analysis Copper futures climbed towards $6.60 per pound on Friday, ending a three-session losing streak as a weaker US dollar and disruptions at major Chilean mines supported prices. The market is balancing near-term uncertainty over artificial intelligence investment against longer-term demand from data centres, semiconductor manufacturing and battery energy storage. The outlook remains […]
by Currency Hedger
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- 1 week ago