Technical Analysis
Commodities, Market Analysis, Technical Analysis
Soybeans Hold Near $13.20 as China Demand Surges but Heavy Rains Threaten Harvest
Today Markets Analysis Soybean futures finished mixed on Thursday after correcting from earlier intraday strength, as exceptionally strong U.S. export sales and renewed Chinese buying competed with concerns over heavy rainfall across key producing states. November 2026 soybeans closed at approximately $13.19¾ per bushel, down ¾ cent, while January 2027 futures slipped ¼ cent to […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
Trade of The Day – OIL
Facts Recommendation Short OIL at market price View The prospect of renewed U.S.-Iran negotiations roughly six weeks before the U.S. congressional midterm elections may give Tehran an opportunity to negotiate more favorable terms for a potential agreement. The United States has already committed substantial financial resources to the war in the Middle East, while American […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Chart of the day – Gold rebounds 1.3% despite hawkish Fed stance
Gold is rebounding by more than 1.3% after the decline triggered by the Fed’s first rate hike in more than three years. Higher interest rates are usually negative for gold, which does not generate yield, but the market had already priced in the Fed move to some extent, so the reaction has remained relatively limited. […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Nickel Rebounds From 8-Month Low
Today Markets Analysis Nickel traded around $16,230 per tonne, rebounding from its lowest level in eight months as the recent selloff attracted fresh buying interest. The move represents a technical recovery after the sharp decline, but the broader fundamentals remain challenging. Weak Chinese downstream demand continues to weigh on the nickel market, with nickel salt […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Steel Firms Up on Output Curb Pledge
Today Markets Analysis Steel rebar futures held above CNY 3,120 per ton on Thursday, remaining close to two-month highs as Chinese steelmakers pledged to curb production and reduce elevated inventories amid sharply deteriorating margins. The move comes as China’s steel industry faces an increasingly difficult operating environment. The China Iron and Steel Association, together with […]
by Currency Hedger
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- 2 weeks ago
INR, Technical Analysis, USD
Indian Rupee draws support near seven-week low from RBI’s intervention
The Indian Rupee (INR) finds some buying interest against the US Dollar in the early session after a weak opening on Thursday. According to a Reuters report, the Indian central bank has likely intervened to limit the decline in the Indian Rupee. The report also showed that traders said the state-run banks were spotted offering […]
by Currency Hedger
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- 2 weeks ago
Institutional, Market Analysis, Technical Analysis
Central Banks -The Bank of England preview
The Bank of England: to hike, or not to hike? The Bank of England is expected to hold rates steady when it meets later today. The base rate is expected to remain at 3.75%, and the BOE is expected to be the only major central bank not to hike interest rates this month. So, why […]
by Currency Hedger
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- 2 weeks ago
EUR, GBP, Technical Analysis
EUR/GBP – Euro struggles below 0.8570 with all eyes on the BoE
The Euro (EUR) ticks lower against the British Pound (GBP) on Thursday, with investors awaiting the Bank of England’s (BoE) monetary policy decision, due later in the day. The EUR/GBP pair hovers just above 0.8560 at the European session opening times, as the previous two days’ recovery attempt from the 0.8550 area found sellers at 0.8580. The BoE is expected […]
by Currency Hedger
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- 2 weeks ago
GBP, Market Analysis, Technical Analysis
BoE expected to hold interest rate at 3.75%
The Bank of England (BoE) is set to reveal its latest monetary policy decision on Thursday, coinciding with its sixth rate-setting meeting of 2026. Market analysts expect the central bank to keep its benchmark interest rate steady at 3.75%, which should be its sixth hold in a row following December’s 25-bps rate cut. The Monetary […]
by Currency Hedger
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- 2 weeks ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Holds steady near 1.1450, bearish tone remains intact
The EUR/USD pair trades on a flat note around 1.1465 during the early European trading hours on Thursday. Traders continue to assess the latest interest rate hike decision by the US Federal Reserve (Fed). The US Initial Jobless Claims report is due later on Thursday. The Fed raised the interest rates by a quarter-percentage point at its September meeting on […]
by Currency Hedger
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- 2 weeks ago