Technical Analysis
INR, Market Analysis, Technical Analysis
Indian Rupee extends winning streak for third trading day on Wednesday
The Indian Rupee (INR) extends the rally against the US Dollar (USD) for the third trading day on Wednesday, driven by fresh Reserve Bank of India’s (RBI) measures to curb the US Dollar’s (USD) demand. In the opening trade, the USD/INR pair is down 0.35% to slightly below 95.00, the lowest level seen in over […]
by Currency Hedger
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- 2 weeks ago
KRW, Market Analysis, Technical Analysis, USD
South Korean Won Forecast: Currency Strength Nears Two-Year High as Chip Exports Support KRW
The South Korean won trades around 1,337 per US dollar, approaching a recent two-year high as broad US dollar weakness and strong semiconductor export revenues support the currency. Continued conversion of overseas earnings into won is helping reinforce demand for the South Korean currency, while markets await fresh US inflation data for clues about the […]
by Currency Hedger
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- 2 weeks ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Gains ground below 177.50, but stays bearish below 100-day SMA
The EUR/JPY cross trades in positive territory around 177.30 during the early European trading hours on Wednesday. The Japanese Yen (JPY) edges lower against the Euro (EUR) on a cautious Bank of Japan (BoJ) rate outlook. Traders will closely monitor the speech by European Central Bank (ECB) President Christine Lagarde later in the day. Bloomberg […]
by Currency Hedger
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- 2 weeks ago
Fx Pairs, GBP, Hedging, Market Analysis, Technical Analysis
GBP/USD Price Forecast: Hits one-week top as bulls eye range breakout above 1.3300
The GBP/USD pair attracts some follow-through buying for the second straight day, advancing to a one-week high during the Asian session on Wednesday amid the ongoing US Dollar (USD) corrective slide. Spot prices currently trade around the 1.3275 region, up 0.15% for the day, as the focus remains glued to the release of the latest […]
by Currency Hedger
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- 2 weeks ago
Hedging, Market Analysis, Metals, Technical Analysis
Gold draws support from retreating USD; holds above $4,150 as traders await US CPI report
Gold (XAU/USD) ticks higher during the Asian session on Wednesday, holding above $4,150 as traders now look forward to the latest US inflation figures before placing fresh directional bets. The US Consumer Price Index (CPI) is due for release later today, followed by the Producer Price Index (PPI) on Thursday. Apart from this, US Federal […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Copper Price Outlook: Chilean Mine Strikes and Supply Disruptions Support Prices Above $6.70
Copper prices are extending their advance as labour disputes and adverse weather conditions disrupt mining operations in Chile, the world’s largest copper producer. Futures have climbed above $6.70 per pound, moving closer to record highs as uncertainty surrounding production at major mines adds to concerns about global supply availability. The potential strike at BHP’s Escondida […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
XAG/USD remains above $59.00 amid dovish Fed remarks
Silver price (XAG/USD) gains ground after two days of losses, trading around $59.20 per troy ounce during Asian hours on Wednesday. Non-yielding Silver gains following dovish remarks from New York Federal Reserve President John Williams. Speaking on Tuesday, Williams noted that while he maintains his view that one more rate hike may be appropriate this […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
European Natural Gas Price Outlook: Supply Risks and Low Storage Keep Prices Elevated
European natural gas prices remain under pressure from tightening supply conditions, below-average storage levels and the risk of increased heating demand as colder weather approaches. Prices hover near €87 per megawatt-hour, close to their highest levels since December 2022, as the loss of Gulf liquefied natural gas (LNG) supplies intensifies competition for available cargoes. Although […]
by Currency Hedger
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- 2 weeks ago
EUR, Market Analysis, Technical Analysis
EUR/USD Price Forecast: Gains ground near 1.1150, US CPI awaited
The Euro (EUR) extends its Tuesday’s strong recovery move to near 1.1210 against the US Dollar (USD) during the Asian trade on Wednesday. The major currency pair attracts bids due to the correction in the US Dollar amid the pause in United States (US) Treasury Yields’ rally remaining intact ahead of the Consumer Price Index […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Coffee Prices Outlook: Tight Arabica Supplies Clash with Record Global Production Forecasts
Coffee prices face opposing supply forces as tight availability from Colombia and concerns over El Niño-related weather disruption compete with expectations for a record global crop. December 2026 arabica futures recently gained 0.72%, while November 2026 robusta futures declined 0.55%, reflecting the different supply outlooks confronting the two coffee markets. Arabica prices continue to receive […]
by Currency Hedger
- 0 Comments
- 2 weeks ago