Technical Analysis
CHF, Market Analysis, Technical Analysis, USD
Swiss Franc remains steady amid safe-haven demand
USD/CHF remains flat after recovering daily losses, trading around 0.8170 during Asian hours on Friday. The pair has pared its daily losses as the US Dollar (USD) gained support amid widespread market caution. Investors are awaiting the upcoming US Nonfarm Payrolls (NFP) report, which is expected to play a critical role in shaping market expectations […]
by Currency Hedger
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- 1 week ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Trades near 176.50 after slipping below nine-day EMA
EUR/JPY loses ground for the second consecutive day, trading around 176.80 during Asian hours on Friday. The technical analysis of the daily chart suggests that the currency cross is remaining within a descending channel pattern, indicating a prevailing bearish bias. The EUR/JPY cross is keeping a bearish near-term tone as it holds below both the […]
by Currency Hedger
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- 1 week ago
Energies, Hedging, Market Analysis, Technical Analysis
WTI sticks to gains above $90.00 as US-Iran tensions persist; lacks bullish conviction
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains positive traction for the second straight day on Friday, extending its recovery from the $86.00 mark, or an over two-month low, touched the previous day. The commodity, however, lacks bullish conviction and currently trades just above the $90.00 psychological mark, up around […]
by Currency Hedger
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- 1 week ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Weakens to IDR 18,130 but Remains on Track for First Weekly Gain in Four Weeks
The Indonesian rupiah weakened to around IDR 18,130 per US dollar on Friday, reversing gains recorded over the previous two sessions as the US dollar strengthened ahead of October employment data. Despite the latest pullback, the currency remains on course for its first weekly advance in four weeks, supported by stronger foreign exchange reserves and […]
by Currency Hedger
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- 1 week ago
GBP, Market Analysis, Technical Analysis, USD
British Pound Strength Could Become a Problem for the UK Economy: GBP/USD at 1.34257 Raises Questions Over Export Competitiveness
The British pound is demonstrating considerable strength against the US dollar, with GBP/USD quoted at 1.34257. While sterling appreciation can improve purchasing power, reduce the cost of imported goods and help contain inflation, a stronger currency is not necessarily a positive development for an economy already facing significant structural and economic pressures. For the United […]
by Currency Hedger
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- 1 week ago
Hedging, Market Analysis, Technical Analysis
Europe Economy Likely to Get Worse: Immigration, Housing, Carbon Taxes and AI Put Pressure on European Households
Europe is approaching a difficult economic period. Across the European Union’s 27 member states, governments are attempting to manage rising living costs, housing shortages, population growth, public expenditure, environmental taxation and an increasingly disruptive transformation of the labour market. Individually, these developments present challenges. Together, they raise a more fundamental question: are European economies expanding […]
by Currency Hedger
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- 1 week ago
Commodities, Market Analysis, Technical Analysis
Palm Oil Faces Steepest Weekly Loss in Nearly Two Years as Record Inventories and Falling Oil Prices Weigh on Market
Malaysian palm oil futures remain under heavy selling pressure, trading below MYR 4,350 per tonne and hovering around their lowest levels since March. Prices are on course for their steepest weekly decline in almost two years as record-high inventories, falling rival edible oil prices and weaker crude oil markets combine to undermine sentiment. The market […]
by Currency Hedger
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- 1 week ago
EUR, Market Analysis, Technical Analysis, USD
Euro weakens to near 1.1200 as traders await US jobs data
The EUR/USD pair loses ground to near 1.1215 during the early Asian session on Friday, pressured by a cautious mood. However, the potential downside for the pair might be limited amid the hawkish stance from the European Central Bank (ECB). All eyes will be on the US September jobs data later on Friday. ECB Governing […]
by Currency Hedger
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- 1 week ago
JPY, Market Analysis, Technical Analysis, USD
Japanese Yen retreats from weekly high as USD steadies ahead of US NFP report
The USD/JPY pair stages a modest recovery from the 157.25 area, or fresh weekly touched during the Asian session on Friday, and climbs to the 158.00 neighborhood in the last hour. Spot prices now seem to have snapped a two-day losing streak, though the upside seems capped as traders might opt to wait for the […]
by Currency Hedger
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- 1 week ago
Market Analysis, Metals, Technical Analysis
XAG/USD retakes $52.00 as bulls seem hesitant ahead of US NFP
Silver (XAG/USD) attracts some buyers near the $51.25 region during the Asian session on Friday, stalling the previous day’s retracement slide from the vicinity of mid-$53.00s, or a one-week high. The white metal retakes the $52.00 mark in the last hour, though the upside seems limited as traders await the release of the crucial US […]
by Currency Hedger
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- 1 week ago