Technical Analysis
Market Analysis, Metals, Technical Analysis
Gold eases from two-week top; holds comfortably above $4,100 as USD sticks to bearish tone
Gold (XAU/USD) retreats slightly from a two-week high touched during Thursday’s Asian session, albeit it clings to gains for the second straight day and currently trades around $4,130. The US Dollar (USD) extends the fallout from US election results, dropping to a fresh low since late September and assisting the commodity in building on the […]
by Currency Hedger
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- 1 week ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Holds a bullish bias above key support ahead of BoE decision
The GBP/USD pair trades in positive territory near 1.3490 during the early European trading hours on Thursday. The US Dollar (USD) softens against the British Pound (GBP) after the Democrats take control of the US Congress in midterm elections. The Democrats win a majority in the Senate and House of Representatives, taking control from Republicans. […]
by Currency Hedger
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- 1 week ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Forecast: Bulls await breakout above 1.1270 resistance, range top
The EUR/USD pair gains positive traction for the second straight day on Thursday, trading around the 1.1265 region during the Asian session, close to a near one-week high touched the previous day. The US Dollar (USD) drops to a fresh low since late September as a Democratic sweep in the US midterm elections raised worries […]
by Currency Hedger
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- 1 week ago
Market Analysis, Metals, Technical Analysis
Copper Prices Hold Near $6.40 as Chinese Supply Tightens and Spot Premiums Surge to Four-Year High
Copper futures steadied around $6.40 per pound as tightening physical availability in China and strong buying interest from the world’s largest copper consumer provided support to prices. Chinese buyers are competing for limited supplies, with spot premiums continuing to climb as domestic smelter production cuts and restricted overseas imports tighten the market. Industry data showed […]
by Currency Hedger
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- 1 week ago
INR, Market Analysis, Technical Analysis
Indian Rupee Rises to Two-Week High at 94.5 as Falling Oil Prices Ease Import Pressures
The Indian rupee strengthened to approximately 94.5 per US dollar, reaching a two-week high as a sharp decline in crude oil prices eased concerns over India’s import bill and external balance. The recovery comes as Brent crude fell below $100 per barrel, with hopes that the US midterm election results could increase pressure for a […]
by Currency Hedger
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- 1 week ago
KRW, Market Analysis, Technical Analysis
South Korean Won Falls to 1,342 as Foreign Investors Dump Semiconductor Stocks
The South Korean won weakened to around 1,342 per US dollar, reversing recent gains as heavy foreign capital outflows from domestic equities increased demand for the US currency. The pressure on the won comes amid a sharp selloff in South Korean shares, particularly semiconductor stocks, with foreign investors selling a net KRW 1.26 trillion worth […]
by Currency Hedger
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- 1 week ago
Energies, Market Analysis, Technical Analysis
Coal Prices Fall to $145 as Oil and LNG Retreat on Hopes of US-Iran De-escalation
Coal prices have retreated to around $145 per tonne, pulling back from three-year highs as weakness across the wider energy complex and growing optimism over a potential end to the US-Iran conflict reduce pressure on global fuel markets. The decline follows a sharp fall in crude oil and liquefied natural gas (LNG) prices, as investors […]
by Currency Hedger
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- 1 week ago
Hedging, Market Analysis, Technical Analysis
Global Bond Yields Fall as New Zealand, South Korea and Japan Lead Government Debt Rally
Government bond yields are moving lower across major international markets, with New Zealand, South Korea and Japan recording the largest declines in the latest fixed-income update. New Zealand’s 10-year government bond yield falls by 8.57 basis points, followed by South Korea’s 10-year yield, which declines by 7.80 basis points. Japan’s 10-year yield also drops by […]
by Currency Hedger
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- 1 week ago
CNH, CNY, IDR, INR, JPY, KRW, Market Analysis, Technical Analysis
Indian Rupee Leads Asian Currency Losses as Yen and New Zealand Dollar Strengthen
Asian currency markets are showing mixed performance, with the Indian rupee falling 0.33% to become the weakest performer in the latest foreign-exchange update. The Japanese yen and New Zealand dollar lead gains, appreciating by 0.31% and 0.30%, respectively, while the Chinese yuan records a smaller increase of 0.07%. The South Korean won remains little changed, […]
by Currency Hedger
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- 1 week ago
Commodities, Market Analysis, Technical Analysis
Wheat hits its lowest level since early July. Russia resumes exports. What are funds doing after the massive sell-off?
Wheat futures (WHEAT) remain under selling pressure after nine consecutive weeks of declines, during which prices have fallen by more than 20%. The main factors weighing on the market include expectations of increased Russian exports, prospects for abundant global grain supplies, trilateral talks involving Russia, the US, and China, as well as further negotiations with […]
by Currency Hedger
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- 2 weeks ago