Technical Analysis
JPY, KRW, Market Analysis, Technical Analysis
FX Market Update: South Korean Won Leads Currency Gains as Euro Weakens
The South Korean won leads the latest currency performance snapshot, rising 0.48% as the US dollar index edges higher and the euro comes under modest pressure. The dollar index gains 0.07%, while the British pound and Japanese yen remain little changed. The mixed performance highlights divergent movements across major currencies, with the won recording the […]
by Currency Hedger
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- 2 weeks ago
IDR, Market Analysis, Technical Analysis
Indonesian Rupiah Under Pressure as Fiscal Risks and Foreign Outflows Weigh on Sentiment
The Indonesian rupiah remains under pressure against the US dollar, recovering partially towards IDR 18,120 per dollar after weakening to IDR 18,185. Bank Indonesia has reiterated its commitment to supporting the currency through intervention in the non-deliverable forward (NDF), domestic non-deliverable forward (DNDF) and spot markets, alongside purchases of government bonds in the secondary market. […]
by Currency Hedger
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- 2 weeks ago
Fx Pairs, GBP, Market Analysis, Technical Analysis
GBP/USD Price Forecast: Weakens below 1.3350, maintains downside bias below 100-day SMA
The GBP/USD pair trades in negative territory around 1.3320 during the early European trading hours on Thursday. The British Pound (GBP) weakens against the US Dollar (USD) following the UK Budget. The US September Personal Consumption Expenditures (PCE) inflation report will be the highlight later on Thursday. The United Kingdom (UK) set out a target […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Weakens to $100.50 as bullish bias persists amid Middle East jitters
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – slides to mid-100.00s during the Asian session on Thursday, though the downside potential seems limited amid uncertainties surrounding the Middle East crisis. In the latest developments, regional mediators led by Qatar are working to restart US-Iran negotiations to prevent the resumption of the […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Technical Analysis, USD
US Dollar Index Holds Above 102 as Oil Inflation Risks and Geopolitical Tensions Support the Greenback
The US Dollar Index (DXY) remains above the 102.00 level, holding near a two-week high as inflation concerns, geopolitical uncertainty and expectations surrounding Federal Reserve policy continue to support demand for the US dollar. Despite attracting some dip-buying during the Asian session, the index has struggled to extend its latest advance, with traders awaiting key […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Gold drifts lower as Fed rate hike bets and Middle East tensions boost USD
Gold (XAU/USD) comes under some renewed selling pressure on Thursday, sliding back below $4,050 during the Asian session and snapping a three-day winning streak to the weekly top, touched the previous day. The US Dollar (USD) regains positive traction following Wednesday’s post-FOMC corrective slide from a two-week high and turns out to be a key […]
by Currency Hedger
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- 2 weeks ago
AUD, Market Analysis, Technical Analysis
Australian Dollar edges higher above 0.7050 as hot CPI lifts RBA rate hike odds
The AUD/USD pair gathers strength to near 0.7055 during the Asian trading hours on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) as hotter inflation data bolsters expectations of Reserve Bank of Australia (RBA) rate hikes. The US September Personal Consumption Expenditures (PCE) inflation report will be in the spotlight later […]
by Currency Hedger
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- 2 weeks ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Trades around 176.00 near nine-day EMA
EUR/JPY inches lower after registering modest gains in the previous day, trading around 175.90 during Asian hours on Thursday. Based on the technical analysis of the daily chart’s descending channel pattern, the currency cross maintains a clear bearish bias. The EUR/JPY cross is maintaining a bearish near-term bias as it holds below both the nine- […]
by Currency Hedger
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- 2 weeks ago
EUR, Market Analysis, Technical Analysis
EUR/USD Price Forecast: Bears await 1.1115-1.1110 support break as focus remains on ECB
The EUR/USD pair meets with fresh supply during the Asian session on Thursday, stalling the previous day’s modest recovery from the 1.1110 area, or its lowest level since May 2025 amid the emergence of some US Dollar (USD) buying. Spot prices, however, lack follow-through as traders opt to wait on the sidelines ahead of the […]
by Currency Hedger
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- 2 weeks ago
AUD, JPY, Market Analysis, Technical Analysis
AUD/JPY Price Forecast: Softens below 111.50, retaining bearish bias under the 100-day SMA
The AUD/JPY cross trades in negative territory around 111.25 during the early European session on Thursday. Markets could turn cautious later in the day ahead of Tokyo’s Consumer Price Index (CPI) inflation report and the Bank of Japan (BoJ) interest rate decision on Friday. The BoJ is expected to leave interest rates unchanged at 1.25% […]
by Currency Hedger
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- 2 weeks ago