Brent crude futures ( OIL ) are rising today following the contract rollover and are gradually moving back toward the $100 per barrel area. Talks between the U.S. side and the Iranian delegation failed to produce any breakthrough, while Tehran, in exchange for reopening the Strait of Hormuz, reportedly presented a highly demanding set of […]
Gold (XAU/USD) is consolidating near a one-week low, touched during the Asian session on Thursday, as traders wait on the sidelines ahead of a crucial meeting between US President Donald Trump and his Chinese counterpart Xi Jinping. Expectations for a major announcement are low, though market players will look for any progress on rare earths, […]
USD/CAD steadies after three days of gains, trading around 1.4100 during Asian hours on Thursday. The USD/CAD pair has moved little as the commodity-linked Canadian Dollar (CAD) maintains its position amid cautious sentiment surrounding oil prices. Crude oil prices may rise due to lingering uncertainty surrounding United States-Iran diplomatic talks. Speaking at the UN General […]
The EUR/JPY cross trades in negative territory around 179.85 during the early European trading hours on Thursday. Intervention risks from Japanese authorities provide some support to the Japanese Yen (JPY) against the Euro (EUR). Germany’s IFO survey is due later on Thursday. Traders remain on high alert for currency intervention from Japanese officials, particularly given […]
USD/CHF loses ground after registering modest gains the previous day, trading around 0.8240 during Asian hours on Thursday. Traders await the Swiss National Bank (SNB) interest rate decision due later in the day. SNB seen holding rates as inflation forecast set for upgrade Economists at DBS Group Research expect the SNB to leave its policy […]
Soybean futures are holding relatively firm as traders balance underlying demand expectations against renewed uncertainty surrounding US-China trade relations. The market is currently seeing mixed activity across soybeans, soybean meal and soybean oil, with positioning cautious ahead of high-level discussions between US and Chinese leaders. November 2026 soybeans are around $13.18 per bushel, while nearby […]
Corn futures are under pressure as traders reduce risk ahead of high-level US-China discussions, while the underlying supply picture remains mixed. The market is balancing near-term uncertainty around global trade with fresh export demand, a seasonal slowdown in US ethanol production and a lower European corn crop estimate. The December 2026 corn contract is trading […]
Wheat futures are under pressure across the major US markets, with Chicago SRW, KC HRW and Minneapolis spring wheat all facing selling pressure as traders balance geopolitical uncertainty against improving supply expectations. December Chicago SRW is around $7.08½ per bushel, while December KC HRW is near $7.71¾ and December Minneapolis spring wheat is around $7.29¾. […]
The South Korean won is weakening toward 1,370 per US dollar, reversing its recent rebound as a sharp rise in US Treasury yields strengthens the dollar and higher oil prices increase concerns over Korea’s import costs. The US 10-year Treasury yield has climbed to its highest level since July 2007, while stronger-than-expected US economic data […]
Copper futures are trading below $6.70 per pound, pulling back from record levels as a stronger US dollar and rising Federal Reserve rate expectations temporarily weigh on the metal. The retreat comes against an increasingly tight physical supply backdrop. The suspension of operations at BHP’s Escondida mine in Chile following the death of a worker […]