Soybean prices remain sensitive to harvest progress, export demand and developments in China, with futures facing near-term pressure despite US shipments running well ahead of last year’s pace. The latest market data point to a mixed outlook: harvest progress is lagging the normal schedule, cumulative exports are stronger year over year, but soybean meal and […]
The NZD/USD pair gains some positive traction for the second day on Wednesday, building on the overnight bounce from the 0.5580 support zone, or the lowest level since April 2025. Spot prices touch a fresh weekly top, around the 0.5620-0.5625 region, during the Asian session amid subdued US Dollar (USD) demand and move little following […]
Wheat prices remain supported by a longer-term technical trend, with the market trading above its 200-day moving average for much of the year. Despite recent selling pressure across Chicago, Kansas City and Minneapolis wheat futures, tightening US supplies, slower planting progress and changing global trade dynamics could create opportunities for a recovery into the end […]
Metals markets are showing divergent price action, with lithium carbonate leading the declines while iron ore and aluminum alloy also trade lower. Platinum and gold are moving higher, highlighting the different supply-demand and macroeconomic forces influencing industrial metals and precious metals. Market Snapshot Lithium Carbonate: Supply and Battery Demand in Focus Lithium carbonate is the […]
USD/CAD depreciates after two days of gains, trading around 1.4260 during European hours on Tuesday. The technical analysis of the daily chart indicates that the price is remaining within the ascending channel pattern, suggesting a persistent bullish bias. The USD/CAD pair is extending its advance while holding above both the nine- and 50-period Exponential Moving […]
Gold (XAU/USD) retains a mildly positive bias through the first half of the European session, though it remains capped below the $4,200 mark and the top boundary of a two-week-old trading range. The US Dollar (USD) retreats from its highest level since April 2025 amid some profit-taking, offering support to the precious metal. However, the US […]
The Australian Dollar (AUD) is marginally higher at around 0.6960 against the US Dollar (USD) during the European trading session on Tuesday. The Aussie pair edges up as the US Dollar comes under pressure due to a decline in United States (US) Treasury Yields ahead of the Consumer Price Index (CPI) data for September, which […]
The AUD/JPY cross comes under some renewed selling pressure on Tuesday and retreats further from the 110.65 resistance zone, retesting the previous day. Spot prices slide to a fresh daily low during the early European session, with bears now awaiting a break below the 110.00 mark before positioning for further losses. Traders remain on high […]
Iron ore prices remain under significant pressure as abundant global supply, elevated Chinese port inventories and easing freight costs reinforce the bearish outlook for the steelmaking raw material. With mining companies increasing shipments and global steel demand facing renewed uncertainty, the market risks further downside unless Chinese consumption improves or supply growth begins to moderate. […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Nickel prices remain under pressure as ample global supply, elevated exchange inventories and a stronger US dollar weigh on the industrial metal. With nickel trading around $15,600 per tonne in the supplied market snapshot, close to a recent low near $15,510, the market continues to […]