Copper prices are finding renewed support above $6.50 per pound as expectations for further Federal Reserve tightening ease following softer US employment data. Lower expectations for interest-rate increases are helping reduce pressure on non-yielding commodities, while longer-term demand prospects linked to data centres, electrification and renewable-energy infrastructure remain supportive. However, copper’s near-term outlook remains mixed. […]
The EUR/GBP cross attracts some sellers to around 0.8475 during the early European trading hours on Monday. The Euro (EUR) softens against the British Pound (GBP) as fiscal concerns in France in the wake of a steep bond market rout stoke contagion fears in the Eurozone. The turmoil in the bond market and the EUR’s […]
The AUD/JPY cross trades in negative territory around 109.70 during the early European session on Monday. The Australian Dolllar (AUD) softens against the Japanese Yen (JPY) as bets of the Reserve Bank of Australia (RBA) raising interest rates in November have fallen sharply after the latest Consumer Price Index (CPI) came in line with expectations. […]
EUR/JPY continues its losing streak for the seventh consecutive day, trading around 176.70 during Asian hours on Monday. Technical analysis of the daily chart shows that the currency cross is testing the lower boundary of the descending channel, suggesting the price could either hold support and trigger a temporary bounce toward the channel’s upper limits, […]
The euro is under renewed pressure against the US dollar, with EUR/USD breaking below 1.1200 and falling to its lowest level since May 2025. The sharp decline reflects a combination of growing concerns over France’s fiscal position, political uncertainty across the euro area and renewed demand for the US dollar. The euro is being weighed […]
The South Korean won is trading around 1,345 per dollar, approaching its strongest level since October 2024 as record exports and a historically large trade surplus generate substantial foreign-currency inflows. The strength of Korea’s external sector is being led by an exceptional performance from the semiconductor industry. September exports surged 83.5% year-on-year to a record […]
Brent crude is trading near $101 per barrel, giving back part of its recent gains as evidence of improving global supply begins to outweigh persistent geopolitical risks across the Middle East. The market remains caught between two opposing forces. On one side, the G7 has agreed to release up to 100 million barrels of crude […]
Platinum futures are trading back above $1,700 an ounce, recovering from recent multi-week lows as softer US employment data reduces expectations for another Federal Reserve rate hike this month. The weaker labour-market picture has eased some pressure from higher interest rates and lowered the opportunity cost of holding non-yielding precious metals. However, the recovery remains […]
The Indian rupee is stabilising around 96.2 per US dollar after reaching a two-month low, with softer oil prices and reduced expectations for a Federal Reserve rate hike providing some relief. Lower crude prices are particularly important for India because cheaper energy reduces pressure on the country’s import bill and can improve the external balance. […]
Malaysian palm oil futures are stabilising after recent losses, with bargain hunters returning following the market’s decline to its lowest level since mid-July. However, the recovery remains fragile as prices continue to trade below MYR 4,500 per tonne, with rising production, elevated inventories and weaker exports keeping the supply-demand balance under pressure. September shipment estimates […]