Technical Analysis
Market Analysis, NOK, Technical Analysis
Norwegian Krone Outlook: Norges Bank’s Higher-for-Longer Rate Policy Supports NOK
Today Markets Analysis | Forex | Norwegian Krone | Central Banks The Norwegian krone (NOK) could receive support from Norges Bank’s commitment to keeping interest rates elevated for longer as persistent inflation continues to exceed the central bank’s 2% target. The decision to bring forward a rate hike to September reflects concerns that inflation remains […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Nickel Price Forecast: Futures Fall Below $15,300 as Global Surplus Concerns Weigh on Market
Nickel prices have fallen below $15,300 per tonne, reaching their lowest level since December 2025 as expectations of a global supply surplus continue to pressure the market. The International Nickel Study Group (INSG) has revised its 2026 outlook from a 32,000-tonne deficit to a 19,000-tonne surplus and expects the excess to widen to 70,000 tonnes […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Zinc Price Forecast: Futures Fall to Two-Month Low Near $3,670 as Chinese Supply and US Dollar Pressure Prices
Zinc futures have fallen to approximately $3,670 per tonne in mid-October, reaching their lowest level since early August. The decline reflects expectations of increased Chinese zinc concentrate availability and renewed pressure from a stronger US dollar. However, tightening production conditions in Western markets and uncertainty surrounding European smelting capacity continue to create a more complex […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Palm Oil Leads Agricultural Commodity Declines as Cotton and Wool Also Weaken
Agricultural commodities are facing renewed selling pressure, with palm oil recording the largest decline among the leading losers. Palm oil prices are down 1.53%, while cotton has fallen 0.95% and wool has slipped 0.93%. The declines place these three markets among the weakest performers in the agricultural commodity sector, with near-term price direction likely to […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, MXN, Technical Analysis
Mexican Peso Weakens Toward One-Year Low as Banxico Signals Further Rate Cuts
The Mexican peso weakened toward 18.44 per US dollar in October 2026, approaching a one-year low after the release of the Bank of Mexico’s latest meeting minutes raised the prospect of further monetary easing. The currency has become one of the weaker performers among emerging markets as investors reassess the interest-rate outlook and the relative […]
by Currency Hedger
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- 2 weeks ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Forecast: Extends recovery above 1.1200 at US Dollar’s expense
The Euro (EUR) is up 0.5% at around 1.1220 against the US Dollar (USD) during the early European trading session on Thursday after extending is Wednesday’s recovery move. The major currency pair recovers further as the US Dollar underperforms due to a sharp decline in United States (US) Treasury Yields, following the release of the […]
by Currency Hedger
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- 2 weeks ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Strengthens above 177.00, but bearish bias persists below key resistance
The EUR/JPY cross trades in positive territory near 177.10 during the early European trading hours on Thursday. However, the potential upside for the cross might be limited as traders remain on high alert for currency intervention from Japanese authorities. Japanese Finance Minister Satsuki Katayama warned that she was prepared to take action in the currency […]
by Currency Hedger
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- 2 weeks ago
CAD, Market Analysis, Technical Analysis
USD/CAD Price Forecast: Trades near 1.4200 after breaking below nine-day EMA
USD/CAD depreciates after posting modest gains the previous day, trading around 1.4210 during Asian hours on Thursday. The technical analysis of the daily chart indicates that the price is remaining within the ascending channel pattern, suggesting an ongoing bullish bias. The USD/CAD pair is maintaining a bullish near-term bias as spot holds above the 50-day […]
by Currency Hedger
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- 2 weeks ago
Currency Talk, Market Analysis, Technical Analysis
Swiss Franc Leads Currency Gains as Dollar Weakens Across Global Markets
The Swiss franc leads a broad group of currency gainers, rising 0.58%, as the US dollar index declines 0.45% and the Brazilian real and South Korean won also come under pressure. The Polish zloty and Swedish krona record gains of 0.57% and 0.56%, respectively, while the euro advances 0.51%, the British pound rises 0.38% and […]
by Currency Hedger
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- 2 weeks ago
KRW, Market Analysis, Technical Analysis, USD
South Korean Won Weakens as Semiconductor Sell-Off Drives Capital Outflows
The South Korean won is trading around 1,347 per US dollar, extending its losses as a global semiconductor sell-off intensifies risk aversion and pressures technology-heavy Asian markets. Concerns over elevated artificial intelligence valuations, high borrowing costs and the financing requirements of large-scale AI infrastructure investments are weighing on investor sentiment, with South Korean equities experiencing […]
by Currency Hedger
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- 2 weeks ago