Coffee prices are currently under significant pressure as expectations for abundant global supplies continue to outweigh concerns over tight inventories and potential weather risks. December ICE arabica coffee has fallen sharply to around three-month lows, while November ICE robusta has also weakened substantially as rising exchange inventories reinforce the growing supply narrative. The latest move […]
Cocoa prices are currently attempting to stabilise after a sharp correction from the highs reached around the turn of September, with renewed short covering emerging as traders assess the potential impact of drier weather on the developing 2026/27 West African crop. December ICE NY cocoa is currently trading around the recent recovery area after settling […]
Sugar markets are currently balancing two opposing forces: near-term demand weakness and improving physical availability on one side, against growing production risks in Brazil, India and Thailand on the other. NY world sugar #11 has recently come under pressure after reaching a multi-month high earlier in September, but prices recovered as concerns over excessive Brazilian […]
Key takeaways Market Situation Since the beginning of this year, orange juice, coffee, and US natural gas remain sharply lower. Precious metals, except gold (which posts a minimal YTD decline), remain low. A large portion of commodities show rather negative signals from MACD. Source: XTB From a slightly shorter-term perspective (1 year), highly overbought markets […]
One word keeps coming up in connection with the Nasdaq: “expensive.” And it’s hardly surprising, because when you look at the trailing price-to-earnings ratio, which is nearing 31, and add to that the price-to-sales ratio and EV/EBITDA, the picture does indeed look challenging. The problem is that the market isn’t always valued through the lens […]
Silver price (XAG/USD) inches lower after opening at a bullish gap, trading around $66.00 per troy ounce during Asian hours on Tuesday. Non-yielding Silver remains under pressure as hawkish remarks from Federal Reserve (Fed) officials have reinforced expectations for additional US interest rate hikes. Musalem flags need for earlier, incremental hikes as inflation risks stay […]
The AUD/USD pair gains ground to near 0.7120 during the early European trading hours on Tuesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) following Reserve Bank of Australia (RBA) Governor Michele Bullock’s speech. Traders brace for the Fedspeak later on Tuesday for fresh impetus. RBA Governor Michele Bullock said on Tuesday that […]
WTI crude oil prices recovered toward $93.00 per barrel on Tuesday after falling for four consecutive sessions and briefly slipping below $91.00, marking the lowest level in almost two weeks. The rebound reflects renewed buying interest as geopolitical tensions in the Middle East continue to provide support to the oil market. The latest recovery comes […]
EUR/USD traded higher toward 1.1475 during Tuesday’s early European session as the euro gained modest ground against the US dollar amid improved risk sentiment and renewed hopes for potential US-Iran diplomatic talks. Despite the rebound, the broader technical structure remains under pressure. EUR/USD continues to trade below its 100-day simple moving average (SMA), while the […]
Gold prices traded near $4,350 an ounce on Tuesday, extending the previous session’s decline as hawkish comments from Federal Reserve officials strengthened expectations that US interest rates could remain higher for longer or potentially rise further. Higher interest-rate expectations are weighing on gold by increasing the opportunity cost of holding a non-yielding asset while also […]