Technical Analysis
INR, Market Analysis, Technical Analysis, USD
Indian Rupee gains further on RBI’s fresh measures to lower US Dollar’s demand
The Indian Rupee (INR) extends the Monday’s advance against the US Dollar (USD) on Tuesday, driven by the announcement of fresh Reserve Bank of India’s (RBI) US Dollar-related measures to shore up the domestic currency. In the opening session, the USD/INR pair tumbles 0.6% to near 95.00, the lowest level seen in over a month. […]
by Currency Hedger
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- 2 weeks ago
CHF, Market Analysis, Technical Analysis, USD
Swiss Franc strengthens as US Dollar Index pulls back from 18-month highs
USD/CHF declines after registering modest gains the previous day, trading around 0.8330 during Asian hours on Tuesday. The currency pair depreciated as the US Dollar (USD) pulled back from an 18-month high. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, pulled back to around 102.40 after briefly […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Trades with modest losses below $92.00; bullish bias persists
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts fresh sellers during the Asian session on Tuesday, snapping a three-day winning streak to a two-week high, touched the previous day. The black liquid currently trades around the $91.75 region, down over 0.70% for the day, though the downside seems cushioned amid […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, NZD, Technical Analysis, USD
New Zealand Dollar rebounds to near 0.5600 amid geopolitical tensions and US CPI focus
The NZD/USD pair recovers some lost ground around 0.5590 during the early European trading hours on Tuesday. However, the potential upside for the pair might be limited as it currently trades near an 18-month low amid ongoing Middle East tensions and higher oil prices. The key US inflation reports will take center stage later this […]
by Currency Hedger
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- 2 weeks ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Defends 1.3200 as bears await two-week-old range breakdown
The GBP/USD pair attracts some dip-buyers near the 1.3200 mark during the Asian session on Tuesday, stalling the previous day’s rejection slide from the 100-period Simple Moving Average (SMA) on the 4-hour chart. Spot prices, however, remain confined in a familiar range held over the past three weeks or so, warranting some caution before positioning […]
by Currency Hedger
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- 2 weeks ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Remains below 177.00 as bearish bias prevails
EUR/JPY loses ground for the second successive day, trading around 176.90 during Asian hours on Tuesday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, suggesting an ongoing bearish bias. The EUR/JPY cross retains a bearish near-term bias as it holds below both the 9- and 50-day Exponential […]
by Currency Hedger
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- 2 weeks ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Forecast: Dollar Strength and Inflation Risks Keep IDR Under Pressure
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets The Indonesian rupiah remains vulnerable to external dollar strength and domestic inflation pressures, with USD/IDR trading around IDR 17,900 per US dollar in the supplied market snapshot. Ahead of key US inflation data, the direction of the dollar and changes in global risk sentiment are […]
by Currency Hedger
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- 2 weeks ago
Commodities, Technical Analysis
Live Cattle Price Forecast: Firm Feeder Demand Offsets Mixed Futures Trading
Contributor: Currency HedgerMarket Analysis: Louis Roche, Today Markets US live cattle and feeder cattle futures traded unevenly in the latest session, with most nearby contracts moving lower despite firm prices at feeder auctions and continued support from the physical cattle market. October live cattle settled at $224.750 per hundredweight, while December fell to $226.600. February […]
by Currency Hedger
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- 2 weeks ago
Commodities, Technical Analysis
Coffee Price Forecast: Colombian Output Falls as Brazil and Vietnam Supply Outlooks Weigh
Contributor: Currency HedgerMarket Analysis: Louis Roche, Today Markets Coffee futures advanced in the latest session as lower production and exports from Colombia added support to arabica prices, while concerns over a possible El Niño weather pattern raised uncertainty about Brazil’s next crop. December New York arabica coffee rose 1.27%, while November London robusta gained 0.23%. […]
by Currency Hedger
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- 2 weeks ago
Commodities, Technical Analysis
Cocoa Price Forecast: West African Harvest Risks Support Prices as Inventories Rise
Contributor: Currency HedgerMarket Analysis: Louis Roche, Today Markets Cocoa futures are showing mixed but slightly positive price action as concerns over heavy rainfall in the Ivory Coast compete with evidence of rising inventories and pressure on global chocolate demand. December New York cocoa advanced 0.19%, while December London cocoa gained 0.78% in the latest session. […]
by Currency Hedger
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- 2 weeks ago