Technical Analysis
Commodities, Market Analysis, Technical Analysis
Coffee Prices Diverge as Brazilian Supply Weighs on Arabica and Indian Crop Cuts Support Robusta
Arabica Falls to Five-Week Low as Export Growth and Rising Production Forecasts Pressure the Market Coffee futures delivered a mixed performance on Thursday, with New York arabica extending its decline to a five-week low while London robusta managed a modest gain. December ICE arabica fell 2.60 points, or 0.93%, while January ICE robusta advanced 13 […]
by Currency Hedger
- 0 Comments
- 1 week ago
Commodities, Market Analysis, Technical Analysis
Cocoa Prices Crash 5% to Five-Week Lows as ICE Inventories Hit 2.5-Year High
Rising Cocoa Stocks and Brazilian Export Pressure Offset Growing West African Crop Risks Cocoa futures extended their three-week decline on Thursday, with New York and London contracts falling almost 5% as rising exchange inventories and concerns over increased exporter selling continued to weigh on the market. December ICE New York cocoa fell 275 points, or […]
by Currency Hedger
- 0 Comments
- 1 week ago
Commodities, Market Analysis, Technical Analysis
Sugar Prices Rebound as Oil Gains and Short Covering Offset Rising Indian Production
Global Sugar Market Faces Conflicting Signals as El Niño Threatens Future Supply Sugar futures closed higher on Thursday as a weaker US dollar and a sharp increase in crude oil prices encouraged short covering across the market. March New York No. 11 raw sugar gained 0.09 points, or 0.49%, while December London No. 5 white […]
by Currency Hedger
- 0 Comments
- 1 week ago
Commodities, Market Analysis, Technical Analysis
Cotton Futures Rally as Export Sales Surge, but Shipments and Physical Prices Remain Under Pressure
US Cotton Market Advances as Vietnam Demand Strengthens and ICE Stocks Increase US cotton futures closed higher, gaining between 22 and 61 points, supported by a sharp improvement in export sales and strong buying interest from Vietnam. December 2026 cotton settled at 78.71 cents per pound, while March 2027 advanced to 82.55 cents and May […]
by Currency Hedger
- 0 Comments
- 1 week ago
AUD, Market Analysis, Technical Analysis, USD
Australian Dollar steadies above 0.7000 on strong trade surplus, subdued USD
AUD/USD continues to consolidate above the 0.7000 level on Thursday, trading around 0.7010 at the time of writing, up a modest 0.04% on the day. The Australian Dollar (AUD) benefits from persistent weakness in the US Dollar (USD) and encouraging Australian trade data, despite the cautious monetary policy outlook of the Reserve Bank of Australia […]
by Currency Hedger
- 0 Comments
- 1 week ago
Market Analysis, Metals, Technical Analysis
Gold extends recovery amid post-election volatility, US jobs data in focus
Gold (XAU/USD) extends gains on Thursday, moving further away from the year-to-date low of $3,870 touched last week. The metal attracts buyers as the US midterm election results fuel volatility across financial markets. At the time of writing, XAU/USD trades around $4,130, near two-week highs. The precious metal surged 3.64% on Wednesday, while West Texas […]
by Currency Hedger
- 0 Comments
- 1 week ago
GBP, Market Analysis, Technical Analysis, USD
Chart of The Day – GBP/USD Forecast: Bank of England Rate Hike Could Trigger a Sterling Reversal
Pound Tests 1.3500 Resistance as Markets Price Further Monetary Tightening GBP/USD is approaching a critical turning point as the Bank of England prepares to deliver its first interest-rate increase since August 2023. The Monetary Policy Committee is widely expected to raise Bank Rate from 3.75% to 4.00%, but with markets already assigning a 97.4% probability […]
by Currency Hedger
- 0 Comments
- 1 week ago
CAD, Market Analysis, Technical Analysis, USD
Canadian Dollar sits near September 16 highs vs USD as traders eye jobs data on Friday
The USD/CAD pair remains under some selling pressure for the second straight day and trades around mid-1.3900s during the early European session on Thursday, close to its lowest level since September 16, set the previous day. The US Dollar (USD) drops to a fresh low since late September as a Democratic sweep in the US […]
by Currency Hedger
- 0 Comments
- 1 week ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Clinging to a key support at the 200-day SMA near $86.00
Oil prices are showing their sharpest weekly decline in months, as the landslide Democratic victory in the US midterm elections has boosted hopes of an end to the war against Iran. The US benchmark West Texas Intermediate (WTI) barrel has dropped 14.25% so far this week, trading at $87.50 at the time of writing after […]
by Currency Hedger
- 0 Comments
- 1 week ago
Market Analysis, Technical Analysis, USD
United States Dollar Index falls to monthly lows near 101.00 following Democratic sweep
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second consecutive day and reaching its monthly low of 101.20 during Asian hours on Thursday. The Greenback faced heavy selling pressure following a Democratic sweep in the US midterm elections, which […]
by Currency Hedger
- 0 Comments
- 1 week ago