Today Markets Analysis Gold held around $4,150 per ounce on Friday after rebounding in the previous session, as falling equity markets and heightened geopolitical risks encouraged investors to seek protection in precious metals and government bonds. The decline in bond yields has eased pressure on gold, which does not pay interest. However, the outlook remains […]
Today Markets Analysis Crude oil traded above $97 per barrel on Friday and was on track for a weekly gain exceeding 6%, as escalating Middle East tensions increased concerns over the security of global oil supplies. Disruption risks around the Strait of Hormuz, rising tanker rates and a sharp drawdown in US crude inventories are […]
Today Markets Analysis US heating oil futures have fallen below $4.80 per gallon, extending losses for a third consecutive session as expectations of increased fuel availability weigh on prices. Accelerated releases of emergency oil stocks and the resumption of Russian diesel exports are easing some supply concerns. However, the decline is taking place against a […]
Currency Hedger Analysis The New Zealand dollar has climbed to around US$0.562, extending its recovery from an 18-month low as a weaker US dollar and expectations of further Reserve Bank of New Zealand (RBNZ) tightening provide support. The rebound marks a potential turning point after an extended period of losses, but a sustained recovery will […]
Currency Hedger Analysis The offshore Chinese yuan held near 6.69 per US dollar, its strongest level since July 2022, as Beijing expands access to yuan-denominated investments, financing and hedging instruments. The move signals growing support for the yuan’s international role, although its longer-term strength will depend on China’s economic performance, capital flows and policy decisions. […]
Today Markets Analysis Corn futures remain below $4.80 per bushel, close to an eight-week low, as expectations of a larger US harvest and rising inventories outweigh slower harvesting and stronger export demand. The balance of risks remains tilted towards pressure on prices while production estimates rise and substantial supplies enter the market. Market Snapshot Market […]
Today Markets Analysis | Currency Hedger Contributor The euro’s return to $1.00 against the US dollar is no longer a scenario that can be dismissed. France’s deteriorating public finances, political uncertainty, weak eurozone growth and persistent competitiveness problems create a credible case for further euro depreciation. EUR/USD recently fell to around $1.1160, its weakest level […]
Today Markets Analysis | Lithium | Battery Metals | Electric Vehicles | Commodities Lithium carbonate prices in China have fallen to CNY 100,000 per tonne in October, their lowest level in nearly ten months, as concerns over softer battery demand combine with ample supply and rising reported inventories. The decline highlights the challenges facing the […]
Today Markets Analysis | Gold | Precious Metals | Federal Reserve | Central Bank Demand Gold is attempting to recover from its recent sell-off, rising more than 1% as investors assess the impact of higher US Treasury yields, Federal Reserve rate expectations and persistent geopolitical uncertainty. The precious metal has stabilised around the $4,100–$4,150 per […]
Today Markets Analysis | Forex | Norwegian Krone | Central Banks The Norwegian krone (NOK) could receive support from Norges Bank’s commitment to keeping interest rates elevated for longer as persistent inflation continues to exceed the central bank’s 2% target. The decision to bring forward a rate hike to September reflects concerns that inflation remains […]