Technical Analysis
Market Analysis, Technical Analysis, USD
United States Dollar Index retreats from YTD top; eyes 102.00 as bullish bias persists
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, drifts lower during the Asian session on Thursday and extends the previous day’s modest pullback from the vicinity of its highest level since April 2025. The index, however, holds above the 102.00 mark. Moreover, the supportive fundamental backdrop backs the case […]
by Currency Hedger
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- 3 weeks ago
EUR, Market Analysis, Technical Analysis, USD
Euro recovers to near 1.1200 on softer US Dollar, eyes on France debt concerns
The EUR/USD pair recovers some lost ground to around 1.1200 during the early Asian session on Thursday. However, the potential upside for the major pair might be limited as France’s fiscal concerns continued to weigh on the Euro (EUR). Traders await the release of the US weekly Initial Jobless Claims report and the Fedspeak later […]
by Currency Hedger
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- 3 weeks ago
JPY, Market Analysis, Technical Analysis, USD
Japanese Yen strengthens amid BoJ hike bets, intervention risks; bullish USD cap gains
The USD/JPY pair drifts lower during the Asian session on Thursday, extending the previous day’s pullback from a one-and-a-half-week high, around the 158.50 region. Spot prices, however, remain confined in a familiar range and currently trade near the lower end of the weekly range, around the 157.85-157.80 region, down 0.15% for the day. Data released […]
by Currency Hedger
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- 3 weeks ago
GBP, Market Analysis, Technical Analysis, USD
British Pound slips due to stable US Dollar, rising oil prices
GBP/USD remains subdued for the second successive day, trading around 1.3210 during the Asian hours on Thursday. The pair inches lower as the US Dollar (USD) holds its ground, bolstered by elevated US Treasury bond yields that have climbed near their highest levels since 2002. Meanwhile, a recent spike in oil prices has reignited concerns […]
by Currency Hedger
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- 3 weeks ago
CAD, Market Analysis, Technical Analysis, USD
Canadian Dollar hangs near April 2025 lows as USD sticks to bullish tone amid hawkish Fed
The USD/CAD pair retains its bullish undertone on Thursday, trading around the 1.4265 region during the Asian session, well within striking distance of the highest level since April 2025, touched earlier this week. Moreover, the supportive fundamental backdrop suggests that the path of least resistance for spot prices remains to the upside and backs the […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Energies, Market Analysis, Technical Analysis
WTI posts modest gains above $88.50 on unexpected EIA draw, Middle East conflicts in focus
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $88.55 during the early Asian trading hours on Thursday. WTI posts modest gains as US crude oil inventories fell unexpectedly last week. Traders will focus on fresh Houthi attacks in Saudi Arabia and continuing oil flows out of the Middle East. US crude […]
by Currency Hedger
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- 3 weeks ago
Energies, Market Analysis, Technical Analysis
Crude Oil Market Outlook: US-Iran Escalation and Gulf Supply Risks Push Prices Higher
Crude oil prices are trading above $89 per barrel, recovering from the recent decline as the market reassesses the risk of a wider US-Iran confrontation. Reports that the Trump administration has instructed the Pentagon to develop potential strike options against Iran are challenging expectations that Washington would avoid a major escalation ahead of the November […]
by Currency Hedger
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- 3 weeks ago
Energies, Market Analysis, Technical Analysis
European Natural Gas Market Outlook: Hormuz Risks and Cooler Weather Support Prices
European natural gas prices are moving above €80/MWh, reaching their highest level in more than three weeks as renewed shipping risks around the Strait of Hormuz increase concerns over global energy supply. Continued attacks on commercial and energy vessels are raising the risk of disruptions to fuel deliveries, while the possibility of further military escalation […]
by Currency Hedger
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- 3 weeks ago
Energies, Market Analysis, Technical Analysis
US Natural Gas Market Outlook: Prices Climb as Production Falls and Gulf Storm Risk Builds
US natural gas prices are extending their advance as lower domestic production, potential Gulf of Mexico disruptions and expectations for a smaller weekly storage build provide support. Prices have now risen for a fifth consecutive session, reaching a two-week high as traders assess the balance between tightening near-term supply and weather-related risks to both production […]
by Currency Hedger
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- 3 weeks ago
Commodities, Market Analysis, Technical Analysis
Coffee Market Outlook: Prices Slide as Brazil and Vietnam Supplies Increase
Coffee prices are under renewed pressure as expanding supplies from Brazil and Vietnam outweigh weather-related concerns and extremely low arabica inventories. The market is also dealing with a significant divergence between the two major coffee varieties, with strong Brazilian exports weighing on arabica while elevated Vietnamese supply and rising robusta inventories pressure robusta futures. December […]
by Currency Hedger
- 0 Comments
- 3 weeks ago