Metals markets are showing divergent price action, with lithium carbonate leading the declines while iron ore and aluminum alloy also trade lower. Platinum and gold are moving higher, highlighting the different supply-demand and macroeconomic forces influencing industrial metals and precious metals. Market Snapshot Lithium Carbonate: Supply and Battery Demand in Focus Lithium carbonate is the […]
USD/CAD depreciates after two days of gains, trading around 1.4260 during European hours on Tuesday. The technical analysis of the daily chart indicates that the price is remaining within the ascending channel pattern, suggesting a persistent bullish bias. The USD/CAD pair is extending its advance while holding above both the nine- and 50-period Exponential Moving […]
Gold (XAU/USD) retains a mildly positive bias through the first half of the European session, though it remains capped below the $4,200 mark and the top boundary of a two-week-old trading range. The US Dollar (USD) retreats from its highest level since April 2025 amid some profit-taking, offering support to the precious metal. However, the US […]
The Australian Dollar (AUD) is marginally higher at around 0.6960 against the US Dollar (USD) during the European trading session on Tuesday. The Aussie pair edges up as the US Dollar comes under pressure due to a decline in United States (US) Treasury Yields ahead of the Consumer Price Index (CPI) data for September, which […]
The AUD/JPY cross comes under some renewed selling pressure on Tuesday and retreats further from the 110.65 resistance zone, retesting the previous day. Spot prices slide to a fresh daily low during the early European session, with bears now awaiting a break below the 110.00 mark before positioning for further losses. Traders remain on high […]
Iron ore prices remain under significant pressure as abundant global supply, elevated Chinese port inventories and easing freight costs reinforce the bearish outlook for the steelmaking raw material. With mining companies increasing shipments and global steel demand facing renewed uncertainty, the market risks further downside unless Chinese consumption improves or supply growth begins to moderate. […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Nickel prices remain under pressure as ample global supply, elevated exchange inventories and a stronger US dollar weigh on the industrial metal. With nickel trading around $15,600 per tonne in the supplied market snapshot, close to a recent low near $15,510, the market continues to […]
The Indian Rupee (INR) extends the Monday’s advance against the US Dollar (USD) on Tuesday, driven by the announcement of fresh Reserve Bank of India’s (RBI) US Dollar-related measures to shore up the domestic currency. In the opening session, the USD/INR pair tumbles 0.6% to near 95.00, the lowest level seen in over a month. […]
USD/CHF declines after registering modest gains the previous day, trading around 0.8330 during Asian hours on Tuesday. The currency pair depreciated as the US Dollar (USD) pulled back from an 18-month high. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, pulled back to around 102.40 after briefly […]
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts fresh sellers during the Asian session on Tuesday, snapping a three-day winning streak to a two-week high, touched the previous day. The black liquid currently trades around the $91.75 region, down over 0.70% for the day, though the downside seems cushioned amid […]