Technical Analysis
Market Analysis, Metals, Technical Analysis
Metals Market Forecast: Silver Plunges 5.96% as Platinum, Lithium and Gold Extend Losses
The metals complex is experiencing broad selling pressure, led by a sharp 5.96% decline in silver. Platinum has fallen 3.92%, lithium carbonate has lost 3.05%, and gold is down 1.33%. The scale of the declines highlights weakness across both precious and industrial metals, although the underlying drivers differ. Silver and platinum are exposed to industrial […]
by Currency Hedger
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- 1 month ago
Energies, Market Analysis, Technical Analysis
Crude Oil Forecast: Prices Ease Towards $94 as Profit-Taking Meets Rising Supply Risks
Crude oil has retreated towards $94 per barrel after a five-session rally, with technical correction and profit-taking weighing on prices. However, the outlook remains sensitive to geopolitical developments, shipping disruptions and potential changes to US sanctions policy. While efforts to ease global freight costs could improve supply flows, escalating tensions around key oil-producing regions continue […]
by Currency Hedger
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- 1 month ago
AUD, Market Analysis, Technical Analysis
Australian Dollar Forecast: AUD Falls Below $0.70 as Weak Jobs Data Reduces RBA Rate-Hike Bets
The Australian dollar has fallen below US$0.70 as weaker-than-expected employment data prompts markets to reassess the Reserve Bank of Australia’s (RBA) interest-rate outlook. September employment fell sharply, while unemployment rose above expectations, suggesting the labour market may be losing momentum. Attention now turns to quarterly inflation data, which could determine whether further monetary tightening remains […]
by Currency Hedger
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- 1 month ago
Hedging, Market Analysis, Technical Analysis, USD
Dollar in Limbo Ahead of CPI
Looking at Inflation: Will September’s Figures Bring the Fed Closer to Another Rate Hike? Today at 2:30 p.m., we’ll see the September CPI report from the U.S., one of the last key releases ahead of the Fed’s October 27–28 meeting. The consensus forecast calls for a marked acceleration in the core inflation measure to 0.6% […]
by Currency Hedger
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- 1 month ago
EUR, Market Analysis, Technical Analysis, USD
Chart of the Day – EUR/USD attempts to rebound ahead of US inflation data
EUR/USD is in focus today ahead of the US CPI release scheduled for 14:30 Polish time. The market expects inflation to accelerate to 3.6% y/y from 3.4% previously and to 0.6% m/m from 0.4% previously . Higher gasoline prices may push up the September headline reading, although underlying inflationary pressures excluding food and energy are […]
by Currency Hedger
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- 1 month ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Forecast: IDR Holds Near 17,890 as US Inflation and Capital Flows Drive Outlook
The Indonesian rupiah trades near IDR 17,890 per US dollar, edging higher as Bank Indonesia continues to support the currency through intervention in domestic and offshore foreign exchange markets. However, the rupiah remains vulnerable to a broadly firm US dollar, tighter global financing conditions and shifts in foreign investor sentiment. Attention is turning to the […]
by Currency Hedger
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- 1 month ago
Hedging, Market Analysis, Metals, Technical Analysis
Steel Price Forecast: Weakening Global Demand Pushes Rebar Toward CNY 3,080 per Ton
Steel rebar futures move toward CNY 3,080 per ton, approaching two-month lows as a weaker global demand outlook weighs on the market. The World Steel Association has revised its forecast, now projecting global steel demand to contract by 0.1% in 2026, compared with its previous expectation of 0.3% growth. The downgrade highlights a slower-than-anticipated recovery, […]
by Currency Hedger
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- 1 month ago
INR, Market Analysis, Technical Analysis
Indian Rupee extends winning streak for third trading day on Wednesday
The Indian Rupee (INR) extends the rally against the US Dollar (USD) for the third trading day on Wednesday, driven by fresh Reserve Bank of India’s (RBI) measures to curb the US Dollar’s (USD) demand. In the opening trade, the USD/INR pair is down 0.35% to slightly below 95.00, the lowest level seen in over […]
by Currency Hedger
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- 1 month ago
KRW, Market Analysis, Technical Analysis, USD
South Korean Won Forecast: Currency Strength Nears Two-Year High as Chip Exports Support KRW
The South Korean won trades around 1,337 per US dollar, approaching a recent two-year high as broad US dollar weakness and strong semiconductor export revenues support the currency. Continued conversion of overseas earnings into won is helping reinforce demand for the South Korean currency, while markets await fresh US inflation data for clues about the […]
by Currency Hedger
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- 1 month ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Gains ground below 177.50, but stays bearish below 100-day SMA
The EUR/JPY cross trades in positive territory around 177.30 during the early European trading hours on Wednesday. The Japanese Yen (JPY) edges lower against the Euro (EUR) on a cautious Bank of Japan (BoJ) rate outlook. Traders will closely monitor the speech by European Central Bank (ECB) President Christine Lagarde later in the day. Bloomberg […]
by Currency Hedger
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- 1 month ago