Technical Analysis
Commodities, Market Analysis, Technical Analysis
Soybean Prices Approach Three-Month Low as Record US Harvest and Brazilian Competition Weigh on Market
Soybean futures have fallen towards $11.90 per bushel, approaching their lowest level in three months as expectations of abundant global supplies and uncertainty surrounding Chinese demand weigh on market sentiment. The US harvest is progressing ahead of its seasonal average, keeping production on track for a potential record. Competition from Brazil is adding further pressure, […]
by Currency Hedger
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- 2 weeks ago
JPY, Market Analysis, Technical Analysis
Japanese Yen Strengthens Towards 157.5 as US Dollar Weakens on Political Uncertainty and Safe-Haven Demand
The Japanese yen has strengthened towards 157.5 per US dollar, reversing a two-day decline as renewed pressure on the US dollar and increased demand for safe-haven assets support the Japanese currency. The latest movement follows early US election polling suggesting the possibility of a Democratic takeover of both chambers of Congress. The prospect has increased […]
by Currency Hedger
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- 2 weeks ago
INR, Market Analysis, Technical Analysis
Indian Rupee gains further against US Dollar as oil prices correct sharply
The Indian Rupee (INR) extends its winning streak against the US Dollar (USD) for the third trading day on Tuesday. As of writing, the USD/INR pair is down 0.15% to near 94.83. The Indian currency strengthens as oil prices continue to face selling pressure on the back of improved hopes for United States (US)-Iran diplomatic […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Technical Analysis
Chart of the Day: Nasdaq 100 Slips Into Correction. AI Rally Loses Steam – What’s Next for US100?
The Nasdaq 100 is extending its correction, with futures on the index (US100) trading 0.3% lower today as mounting pressure on semiconductor stocks points to a shift in investor sentiment towards the US technology sector. During Monday’s session, the index fell 1.39%, closing at 27,989 points, approximately 10.4% below its October 6 all-time high. This […]
by Currency Hedger
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- 2 weeks ago
EUR, Market Analysis, Technical Analysis, USD
Euro edges up against US Dollar in countdown to US Midterm elections
The Euro (EUR) trades marginally higher at around 1.1195 against the US Dollar (USD) during the European trading session on Tuesday. The EUR/USD pair ticks up as the US Dollar is under pressure amid caution ahead of United States (US) Midterm elections later in the day. At press time, the US Dollar Index (DXY), which […]
by Currency Hedger
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- 2 weeks ago
EUR, GBP, Market Analysis, Technical Analysis
Euro weakens against British Pound on soft German Retail Sales, traders await BoE rate decision
The EUR/GBP cross trades with mild losses around 0.8345 during the early European trading hours on Tuesday. The British Pound (GBP) strengthens against the Euro (EUR) amid hawkish rate expectations from the Bank of England (BoE). The BoE is likely to raise the Bank Rate to 4.0% from 3.75% at its November policy meeting on […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Gold Prices Fall Towards $3,900 as Oil Rebound, Iran Conflict and Market Liquidations Pressure Bullion
Gold prices have resumed their decline, moving towards $3,900 per ounce as renewed geopolitical tensions and a rebound in oil prices weigh on precious metals. The latest weakness follows reports of a US strike on Iran’s Qeshm Island, raising concerns that renewed escalation could push energy prices higher and reignite inflationary pressures. The recovery in […]
by Currency Hedger
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- 2 weeks ago
IDR, Market Analysis, Technical Analysis
Indonesian Rupiah Recovers Towards IDR 18,130 as Trade Surplus and Manufacturing Growth Support Currency
The Indonesian rupiah has found renewed support, trading around IDR 18,130 per US dollar after briefly weakening towards IDR 18,200 in the previous session. Improved sentiment following a stronger-than-expected September trade surplus, easing headline inflation and stronger manufacturing activity have helped stabilise the currency. However, the recovery remains vulnerable to wider economic pressures. Although Indonesia […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
Brent Crude Oil Rebounds Above $106 as Fresh US Strikes Against Iran Revive Supply Disruption Fears
Brent crude has climbed back above $106 per barrel as renewed military developments involving the United States and Iran revive concerns about potential disruptions to global energy supplies. The latest reported US strike on Iran’s Qeshm Island has prompted a recovery in oil prices, reversing part of the sharp decline recorded during the previous session. […]
by Currency Hedger
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- 2 weeks ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Holds steady above 1.3400, retains constructive tone above key support
The GBP/USD pair trades on a flat note near 1.3405 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the key events later this week, including the US midterm elections, the Bank of England (BoE) interest rate decision and US September jobs data. The BoE is expected […]
by Currency Hedger
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- 2 weeks ago