Technical Analysis
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Bears await acceptance below $88.00, 50% Fibo. support breakdown
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – comes under some renewed selling pressure during the Asian session on Thursday, reversing the previous day’s modest recovery gains. The commodity, however, holds above the $88.00 mark and a nearly four-week low as traders await further developments surrounding the Middle East crisis. Recovery […]
by Currency Hedger
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- 3 days ago
EUR, Market Analysis, Technical Analysis, USD
Euro weakens below 1.1350 on higher US Treasury yields, Lagarde’s dovish tilt
The EUR/USD pair drifts lower to around 1.1325 during the early Asian trading hours on Thursday. The US Dollar (USD) strengthens against the Euro (EUR) amid an extended rise in US Treasury yields. The US weekly Initial Jobless Claims report and the Fedspeak will be the highlights later in the day. The US Personal Consumption […]
by Currency Hedger
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- 3 days ago
Market Analysis, Technical Analysis, USD
Dollar Index approaches yearly high near 101.80, US ISM PMI in focus
The US Dollar (USD) outperforms its major currency peers on Thursday. In the Asian session, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.13% higher to near 101.60. The DXY is little far from its yearly high of 101.80. US Dollar Price Today The table below shows the […]
by Currency Hedger
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- 3 days ago
Metals, Technical Analysis
Silver Price Forecast: XAG/USD holds above $61.00 amid easing Fed rate hike expectations
Silver price (XAG/USD) gains ground after posting losses the previous day, trading around $60.90 per troy ounce during Asian hours on Thursday. Non-yielding Silver receives support as Federal Reserve (Fed) rate hike expectations eased following softer-than-expected United States (US) inflation data released on Wednesday. The CME FedWatch Tool indicates that markets now price in roughly […]
by Currency Hedger
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- 3 days ago
Market Analysis, Metals, Technical Analysis
Gold bulls seem hesitant as resilient US Dollar and yields cap upside
Gold (XAU/USD) attracts some dip-buyers near the $4,139 region during the Asian session on Thursday, stalling the previous day’s pullback from the $4,220 area, touched in reaction to softer-than-expected US inflation data. However, elevated US bond yields remain supportive of the prevailing strong bullish sentiment surrounding the US Dollar (USD) and should keep a lid […]
by Currency Hedger
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- 3 days ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Tests nine-day EMA barrier after rebounding above 179.00
EUR/JPY halts its four-day losing streak, trading around 179.20 during Asian hours on Thursday. Technical analysis of the daily chart shows that the currency cross remains confined within a descending channel pattern. This continuous formation reinforces a persistent bearish outlook for the pair. The EUR/JPY cross is retaining a bearish near-term bias as it holds […]
by Currency Hedger
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- 3 days ago
AUD, JPY, Market Analysis, Technical Analysis
AUD/JPY Price Forecast: Recovers from six-month low, but retains bearish bias below 100-day SMA
The AUD/JPY cross trades in positive territory around 109.95 during the early European session on Thursday. The Japanese Yen (JPY) softens against the Australian Dollar (AUD) as a mixed picture of the Japanese economy may soften the chance of a back-to-back rate hike from the Bank of Japan (BoJ) this month. Japanese manufacturers’ confidence hit […]
by Currency Hedger
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- 3 days ago
Commodities, Market Analysis, Technical Analysis
Corn Prices Plunge as US Stocks Surge Above Expectations and Harvest Supply Weighs on Outlook
Corn futures are facing heavy selling pressure as the latest US stocks data points to substantially larger available supplies than the market had anticipated. December corn has fallen to around $5.01 per bushel, while March and May contracts are also under pressure as traders reassess the size of the US balance sheet heading into the […]
by Currency Hedger
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- 3 days ago
Commodities, Market Analysis, Technical Analysis
Soybean Prices Slip Despite Tighter US Stocks as Export Demand and Crush Data Drive the Next Move
Soybean futures remain under pressure despite US ending stocks coming in below both last year’s level and trade expectations. November soybeans are trading around $12.93 per bushel, while January and March contracts remain above $13 as traders balance tighter old-crop inventories against harvest pressure, weaker corn prices and the need for stronger export demand. The […]
by Currency Hedger
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- 3 days ago
Commodities, Market Analysis, Technical Analysis
Wheat Prices Slide Despite Tighter US Stocks as Russian Export Cuts Reshape Global Supply Outlook
Wheat futures remain under pressure despite evidence of tighter US old-crop stocks, as traders weigh larger-than-expected production against weaker technical momentum and the potential for substantial global export availability. Chicago SRW is leading the decline, while Kansas City HRW and Minneapolis spring wheat are also trading lower. The latest USDA data places total US wheat […]
by Currency Hedger
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- 3 days ago