Technical Analysis
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Holds above 176.50 near nine-day EMA
EUR/JPY inches lower after posting modest gains in the previous day, trading around 176.70 during Asian hours on Tuesday. The technical analysis of the daily chart suggests that the currency cross is remaining within a descending channel pattern, indicating a prevailing bearish bias. The EUR/JPY cross is holding just above the nine-period Exponential Moving Average […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Clings to modest gains above $96.00 as US-Iran peace hopes cap upside
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some dip-buyers during the Asian session on Tuesday, reversing a part of the previous day’s heavy losses to the $94.30 area, or an over two-week low. The commodity currently trades above the $96.00 mark, up over 1.0% for the day, amid mixed […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Coffee Prices Rally as Tight Arabica Inventories Support Market Despite Record Global Supply Outlook
Coffee prices are recovering strongly, with arabica and robusta futures advancing as tightening certified arabica inventories provide near-term support. December arabica coffee (KCZ26) gained 4.90 points, or 1.71%, while January ICE robusta coffee (RMF27) climbed 37 points, or 1.15%. Robusta reached a one-week high as traders responded to declining arabica stocks and continued uncertainty surrounding […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Steel Prices Slide Towards CNY 3,000 as Weak Chinese Demand and Rising Inventories Pressure Market
Steel prices remain under pressure, with Chinese rebar futures falling towards CNY 3,000 per tonne and approaching three-month lows. Weak downstream demand, elevated inventories and compressed steelmaker profit margins continue to weigh on market sentiment, while environmental restrictions across northern China are temporarily limiting hot metal production. The broader outlook for the steel market has […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Cocoa Prices Under Pressure as ICE Inventories Reach 2.5-Year High Despite Falling West African Shipments
Cocoa prices remain under pressure as rising ICE exchange inventories, a stronger British pound and weakness in the Brazilian real weigh on market sentiment. London cocoa has fallen to a three-week low, while New York futures have also retreated, despite mounting concerns over reduced cocoa arrivals from Ivory Coast and the potential impact of a […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Palm Oil Prices Remain Below MYR 4,700 as Record Inventories and Seasonal Production Weigh on Market
Malaysian palm oil futures remain under pressure below MYR 4,700 per tonne, with weakness in competing Dalian-traded edible oils and expectations of rising inventories weighing on market sentiment. Record stock levels, peak seasonal production and lower Indonesian export charges are adding to concerns about available supply. However, the market is receiving some support from firm […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Sugar Prices Slide as Crude Oil Plunges, Brazilian Real Weakens and Global Supply Risks Intensify
Sugar prices have come under renewed pressure, with New York raw sugar and London white sugar futures retreating as sharply lower crude oil prices undermine ethanol economics and increase the potential for sugar mills to prioritise sugar production. London white sugar has fallen to a five-week low, while weakness in the Brazilian real is adding […]
by Currency Hedger
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- 2 weeks ago
KRW, Market Analysis, Technical Analysis
South Korean Won Recovers as Falling Oil Prices Ease Inflationary Pressure and Support Currency
The South Korean won has recovered towards 1,338 per US dollar, reversing some of its previous losses as retreating crude oil prices ease concerns over imported energy costs and inflation. However, the currency’s recovery remains vulnerable to foreign equity outflows, uncertainty surrounding technology-sector investment returns and a relatively firm US dollar. Brent crude has fallen […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Iron Ore Prices Slide Towards CNY 670 as Rising Australian and Brazilian Shipments Pressure Chinese Demand
Iron ore futures are approaching CNY 670 per tonne, remaining close to four-year lows as increasing global shipments add pressure to an already subdued market. Higher supply from Australia and Brazil is weighing on prices, with major mining companies increasing output to meet quarterly and annual production targets. Demand conditions in China, the world’s largest […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Cotton Prices Remain Under Pressure as Weak Crude Oil and Slow US Harvest Progress Shape Market Outlook
US cotton futures recovered from earlier weakness but still finished lower, with contracts declining between 10 and 17 points. December 2026 cotton settled at 77.66 cents per pound, while March and May 2027 contracts both recorded 10-point losses. The market is facing pressure from a sharp decline in crude oil prices, while the US dollar […]
by Currency Hedger
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- 2 weeks ago