Technical Analysis
KRW, Market Analysis, Technical Analysis
South Korean Won Rebounds as US Dollar Weakens and Business Confidence Improves
The South Korean won strengthened towards 1,336 per US dollar, recovering from two-week lows as broad-based gains across Asian currencies and renewed weakness in the US dollar supported the exchange rate. The won outperformed regional peers as investors reassessed the Federal Reserve’s latest interest-rate decision and responded to improving South Korean business sentiment. The recovery […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CAD, Market Analysis, Technical Analysis
USD/CAD Price Forecast: Moves above 1.4050 to target moving averages
USD/CAD gains ground for the third consecutive day, trading around 1.4060 during European hours on Wednesday. The Bank of Canada (BoC) is expected to deliver a 25-basis-point interest rate hike later in the day. The technical analysis of the daily chart shows that the pair price is remaining within the falling wedge pattern, indicating a […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
EUR, GBP, INR, JPY, Market Analysis, NZD, Technical Analysis
New Zealand Dollar Leads Currency Losses as Won and Rupee Weaken Against a Firmer US Dollar
Foreign-exchange markets are showing a mixed performance, with the New Zealand dollar recording the steepest decline among the currencies listed, falling 1.36%. The South Korean won followed with a loss of 0.86%, while the Indian rupee and British pound also traded lower. The Japanese yen and US Dollar Index posted modest gains, while the euro […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
EUR, Market Analysis, Technical Analysis, USD
Euro seems vulnerable near yearly low, Fed-ECB policy is under spotlight
The Euro (EUR) trades close to its yearly low of 1.1113 against the US Dollar (USD) during the European trading session on Wednesday. The major currency pair is under pressure as heightened concerns in French bond markets and rising oil prices continue to weigh on the Euro. Euro pressured as French spreads widen and confidence […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Energies, Market Analysis, Technical Analysis
WTI rises above $100.50 after strike on Saudi refinery
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $100.75 during the early European trading hours on Wednesday. WTI rises after an attack on a refinery in Saudi Arabia renewed concerns around supply risks from the major exporter. Reuters reported that Yemen’s Iran-aligned Houthis on Tuesday had launched a ballistic missile toward […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
INR, Market Analysis, Technical Analysis
Indian Rupee is under pressure ahead of Fed’s monetary policy
The Indian Rupee (INR) gives back its opening gains and turns slightly negative against the US Dollar (USD) on Wednesday. The USD/INR pair ticks up to near 95.16 as the Indian currency underperforms due to multiple headwinds, such as the oil price recovery and caution ahead of the Federal Reserve’s (Fed) monetary policy announcement. In […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Commodities, Market Analysis, Metals, Technical Analysis
Commodity Talk: Silver, Gold, Oil, Sugar
Key takeaways Silver Technical Analysis Fundamental and Market Context The gold-to-silver price ratio continues to rise toward the 5-year and 10-year averages. Source: Bloomberg Finance LP, XTB The sell-off in silver is not matched by ETF holdings behavior, showing that the current decline in silver prices may lack long-term fundamentals. On the other hand, if […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
IDR, Market Analysis, Technical Analysis
Indonesian Rupiah Nears Record Low at IDR 18,170 as US Dollar Strength and Capital Outflow Risks Intensify
The Indonesian rupiah remains under significant pressure, trading around IDR 18,170 per US dollar and approaching its reported July record low of IDR 18,280. A stronger US dollar, uncertainty surrounding Indonesia’s international equity-market status and concerns over government spending are weighing on investor sentiment. The currency faces a combination of external and domestic pressures. The […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
AUD, Market Analysis, Technical Analysis
AUD/USD Price Forecast: Trims hot Aussie CPI-led gains; holds above 0.7000 ahead of Fed
The AUD/USD pair trims a part of its intraday gains to a fresh one-month high, touched during the Asian session on Wednesday in reaction to hot Australian consumer inflation figures. Spot prices, however, retain a positive bias for the second straight day and currently trade around the 0.7030 region, up just over 0.10% for the […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD steadies below 1.1150 as traders brace for Fed rate decision
The EUR/USD pair holds steady near 1.1125 during the early Asian session on Wednesday. Traders prefer to wait on the sidelines and avoid taking big positions ahead of the US Federal Reserve (Fed) interest rate decision on Wednesday. Attention will shift to the European Central Bank (ECB) policy meeting later on Thursday. The Fed is […]
by Currency Hedger
- 0 Comments
- 3 weeks ago