Technical Analysis
Market Analysis, Metals, Technical Analysis
Gold Price Forecast: Gold Falls Toward $4,100 as Oil-Driven Inflation and Rising Yields Pressure Bullion
Gold prices remain under pressure, approaching $4,100 per ounce as the precious metal records a third consecutive session of losses. Elevated oil prices are intensifying inflation concerns, reinforcing expectations that interest rates could remain restrictive for longer and supporting the US dollar and government bond yields. The combination is creating a challenging environment for non-yielding […]
by Currency Hedger
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- 4 weeks ago
CNH, JPY, KRW, Market Analysis, Technical Analysis
Asian Currency Forecast: South Korean Won Leads Regional Gains as Yuan Strengthens and Yen Consolidates
Asian currencies are showing mixed but modestly positive momentum, with the South Korean won rising 0.40% to lead regional gains and the Chinese yuan advancing 0.06%. The Japanese yen remains little changed, highlighting differences in investor sentiment and the factors influencing each currency. The won’s advance puts it at the forefront of the latest regional […]
by Currency Hedger
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- 4 weeks ago
Market Analysis, Metals, Technical Analysis
Zinc Price Forecast: Futures Hold Above $3,700 as Smelter Risks and Falling Inventories Tighten Supply
Zinc futures are holding above $3,700 per tonne, maintaining a recovery from the October 16 low of $3,664.90 as persistent supply constraints support prices. Reduced production in Western markets, declining Chinese output and lower inventories monitored by the Shanghai Futures Exchange are reinforcing concerns about the availability of refined zinc. Supply uncertainty is also being […]
by Currency Hedger
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- 4 weeks ago
CNH, Market Analysis, Technical Analysis
Chinese Yuan Forecast: Offshore Yuan Hits Four-Year High Near 6.68 as Stronger Growth Eases Pressure for Stimulus
The offshore Chinese yuan has strengthened to around 6.68 per US dollar, extending its advance for a fourth consecutive session and reaching its strongest level since June 2022. Better-than-expected economic growth has reduced the urgency for additional monetary easing, providing support for the currency as investors reassess China’s near-term policy outlook. China’s economy grew by […]
by Currency Hedger
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- 4 weeks ago
Commodities, Market Analysis, Technical Analysis
Soybean Price Forecast: Futures Hit Eight-Week Low Despite China’s 1.472 Million-Tonne Buying Spree
Soybean futures have slipped to around $12.50 per bushel, reaching their lowest level in eight weeks as advancing US harvesting and favourable Midwest weather forecasts outweigh renewed Chinese demand. Despite the recent weakness, confirmed purchases by China are providing an important source of support, with the US Department of Agriculture (USDA) reporting another 114,000 metric […]
by Currency Hedger
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- 4 weeks ago
JPY, Market Analysis, Technical Analysis
Japanese Yen Forecast: USD/JPY Holds Near 158.5 as Hawkish BOJ Signals Fail to Lift Currency
The Japanese yen is hovering around 158.5 per US dollar, struggling to recover despite hawkish remarks from Bank of Japan (BOJ) Governor Kazuo Ueda. While underlying inflation is approaching the central bank’s 2% target, supported by a moderate economic recovery and tight labour market conditions, the yen continues to face pressure from interest-rate differentials and […]
by Currency Hedger
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- 4 weeks ago
Commodities, Market Analysis, Technical Analysis
Corn Price Forecast: Futures Fall to Nine-Week Low as Record US Crop and Weak Exports Weigh on Prices
Corn futures have fallen to around $4.60 per bushel, reaching their lowest level in nine weeks as favourable harvest weather, expectations of record US production and weaker-than-expected export demand increase pressure on prices. Although recent rainfall temporarily disrupted fieldwork across parts of the Midwest, drier conditions expected through the end of the week could accelerate […]
by Currency Hedger
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- 4 weeks ago
Market Analysis, Metals, Technical Analysis
Iron Ore Price Forecast: Futures Recover Above CNY 680 as China Steel Output Rebounds
Iron ore futures have climbed above CNY 680 per tonne, recovering from four-year lows as stronger Chinese steel production and better-than-expected economic growth provide fresh support for demand expectations. China’s daily crude steel output increased by 1.9% month over month to 2.45 million tonnes in September, marking the first monthly increase since June and offering […]
by Currency Hedger
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- 4 weeks ago
Commodities, Technical Analysis
Wheat Price Forecast: Futures Rebound to $6.62 as Russia-Ukraine Escalation Threatens Black Sea Grain Supplies
Wheat prices have rebounded to around $6.62 per bushel, recovering from a two-month low recorded on October 16 as renewed Russia-Ukraine tensions revive concerns over global grain supplies. The escalation has increased uncertainty surrounding Black Sea export routes, with traders assessing whether further attacks on infrastructure could disrupt shipments from two of the world’s important […]
by Currency Hedger
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- 4 weeks ago
Energies, Market Analysis, Technical Analysis
Brent Crude Oil Forecast: Prices Fall 2% Toward $107 as Supply Recovery Counters Geopolitical Risks
Brent crude oil has retreated more than 2% towards $107 per barrel following last week’s strong rally, as traders weigh signs of recovering Middle Eastern oil flows against continuing geopolitical tensions and shipping disruptions. The market remains highly sensitive to developments around the Strait of Hormuz, Russian energy exports and the pace at which regional […]
by Currency Hedger
- 0 Comments
- 4 weeks ago