Technical Analysis
Commodities, Market Analysis, Technical Analysis
Cocoa Prices Extend Two-Week Decline as Rising ICE Stocks Offset West African Supply Concerns
Today Markets Analysis Cocoa futures remain under pressure after extending their two-week decline, with New York prices reaching a fresh one-month low on Friday. December ICE New York cocoa closed down 3 points, or 0.05%, while December London cocoa #7 fell 14 points, or 0.31%. The market continues to face competing supply signals. Rising ICE […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Sugar Prices Fall as Brazilian Real Weakens Despite Mounting Global Supply Risks
Today Markets Analysis Sugar futures closed lower on Friday, reversing part of the previous session’s recovery as currency pressure in Brazil and concerns over exporter selling outweighed growing evidence of potential supply constraints across major producing regions. March New York world sugar #11 (SBH27) settled down 0.11 cents, or 0.56%, while December London ICE white […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Cotton Futures Extend Weekly Losses as Speculative Buying Eases and Export Sales Lag Average Pace
Today Markets Analysis Cotton futures remain under pressure after contracts closed lower across the board on Friday, extending the market’s weekly decline. December cotton settled at 77.83 cents per pound, down 67 points on the session and 237 points for the week. March and May contracts also recorded losses, reflecting continued weakness across the futures […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Wheat Futures Extend Weekly Losses as Export Demand Weakens and Speculative Short Positions Increase
Today Markets Analysis US wheat futures ended Friday under pressure across the three major exchanges, with Chicago Soft Red Winter (SRW), Kansas City Hard Red Winter (HRW) and Minneapolis spring wheat all recording weekly losses. December Chicago wheat settled at $6.03½ per bushel, down 21½ cents for the week. December Kansas City wheat declined 20¼ […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Corn Futures Extend October Losses as Weak Export Commitments and Speculative Selling Weigh Ahead of Monday’s Open
Today Markets Analysis US corn futures ended October under pressure, with contracts recording further losses on Friday as speculative selling and disappointing export commitments continued to weigh on market sentiment. December corn fell between 1¼ and 4 cents across the futures complex, finishing the week 8¼ cents lower and recording a substantial monthly decline of […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Soybean Futures Face Monday Test After Weekly Losses as Soymeal Selling Intensifies
Today Markets Analysis US soybean futures ended Friday mixed, with contracts ranging from modest gains to fractional losses, but the broader weekly and monthly picture remains under pressure. November soybeans finished at $12.22¼ per bushel, gaining 2½ cents on the session but losing 34¼ cents over the week. The November contract has now declined 70¾ […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Live and Feeder Cattle Futures Plunge as Month-End Selling Raises Pressure Ahead of Monday’s Market Open
Today Markets Analysis US cattle futures ended Friday’s session sharply lower, with live cattle and feeder cattle contracts experiencing significant losses as month-end selling and weakness across equity markets weighed on investor sentiment. Live cattle futures fell between $3.27 and $5.35, while feeder cattle contracts recorded even steeper declines, losing between $8.70 and $10.57. December […]
by Currency Hedger
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- 2 weeks ago
INR, Market Analysis, Technical Analysis
Indian Rupee rebounds strongly, shrugs off oil price rally
The Indian Rupee (INR) rebounds sharply against the US Dollar (USD) even as oil prices continue to boil due to Middle East risks. On Friday, the USD/INR pair slumps to near 95.00 after failing to extend its gains above over two-week high of 95.38 posted the previous day. As of writing, the MCX Crude Oil […]
by Currency Hedger
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- 2 weeks ago
JPY, Market Analysis, Technical Analysis
Chart of the Day: USDJPY After Fed and BoJ decisions. Is Japan getting closer to another rate Hhike?
USDJPY came under pressure following the conclusion of the Federal Reserve’s and Bank of Japan’s October meetings. Both central banks decided to leave interest rates unchanged, but differences in their communication point to diverging approaches to the next stages of monetary policy. The message from Tokyo was particularly significant, as policymakers sent a clearer signal […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
Energy Prices Climb as European Natural Gas and Oil Lead Commodity Gains
Energy commodities are trading higher, led by European natural gas and UK natural gas, as gains extend across the major energy benchmarks. European natural gas has advanced 2.58%, while UK natural gas has gained 2.39%, placing both contracts at the top of the latest commodity performers. Oil prices are also moving higher, with Brent crude […]
by Currency Hedger
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- 2 weeks ago