Technical Analysis
Metals, Technical Analysis
Silver Price – XAG/USD slips below $63.50 amid rising Fed rate hike odds
Silver price (XAG/USD) extends its losses for the second successive day, trading around $63.30 per troy ounce during Asian hours on Friday. Silver prices are declining as expectations grow for a Federal Reserve (Fed) rate hike in September. According to the CME FedWatch Tool, markets are currently pricing in a greater than 72% probability of […]
by Currency Hedger
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- 1 month ago
Technical Analysis, USD
United States Dollar Index holds onto gains above 99 ahead of US CPI data
The US Dollar (USD) clings to its Thursday gains in early session on Friday, driven by faster-than-expected growth in the United States (US) Producer Price Index (PPI) data for August. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades marginally higher at around 99.12. On Thursday, […]
by Currency Hedger
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- 1 month ago
Metals, Technical Analysis
Gold eyes $4,300 break as USD sticks to gains amid Fed hike bets, ahead of US CPI
Gold (XAU/USD) struggles to register any meaningful recovery and languishes near a one-and-a-half-week low, touched during the Asian session on Friday. The US Producer Price Index (PPI) report lifted Federal Reserve (Fed) interest rate hike bets, which continue to underpin the US Dollar (USD) and cap the upside for the non-yielding bullion. Traders also seem […]
by Currency Hedger
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- 1 month ago
EUR, JPY, Technical Analysis
EUR/JPY Price Softens to near 179.00, bearish bias remains intact below 100-day SMA
The EUR/JPY cross trades in negative territory around 179.10 during the early European session on Friday. The expectation of a Bank of Japan (BoJ) rate hike next week provides some support to the Japanese Yen (JPY) against the Euro (EUR). Analysts polled by Reuters anticipate the BoJ to raise the interest rate to 1.25% at the September 17-18 […]
by Currency Hedger
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- 1 month ago
Institutional, JPY, Technical Analysis
Currency Hedger – Pick of The Week – USD/JPY
If you want to trade a volatile asset class right now, foreign exchange, specifically yen crosses and USD/JPY, is the place to find it. The yen has seen a huge uplift in its volatility in recent days, and is higher by more than 1.5% so far this week. A story of intervention The yen is […]
by Currency Hedger
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- 1 month ago
Commodities, Institutional, Technical Analysis
Seasonal Trend Alert – Soybeans
This material is for educational and informational purposes only. It is not a recommendation to buy or sell any futures or options contract, and it does not take into account your objectives, financial situation, or risk tolerance. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance […]
by Currency Hedger
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- 1 month ago
Institutional, Technical Analysis
Time For an ECB Rate Hike
The European Central Bank is highly likely to raise interest rates by 25 bps today. What does this decision mean for the markets? A sharp rise in energy commodity prices in mid-July led to a hawkish repricing in the market (representing an increase in expectations of tighter monetary policy). Figure 1: Brent and WTI Crude […]
by Currency Hedger
- 0 Comments
- 2 months ago
Institutional, Metals, Technical Analysis
Trade of The Day – XAU/USD
Facts: Recommendation: Trade: Short position on GOLD at market price Target: 4316, 4288 Stop: 4450 Opinion: The gold market has been trading in a downward move recently. Looking at the technical situation, one can see that the precious metal bounced off the key resistance at $4426. This resistance is a result of previous price reactions, […]
by Currency Hedger
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- 2 months ago
EUR, Institutional, Technical Analysis
EUR/USD Price Consolidates around 1.1640 in countdown to ECB’s policy decision
The Euro (EUR) trades in a tight range at around 1.1640 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair consolidates as investors await the European Central Bank’s (ECB) monetary policy decision, which will be announced at 12:15 GMT. In the policy meeting, the ECB is widely anticipated to […]
by Currency Hedger
- 0 Comments
- 2 months ago
Institutional, JPY, Technical Analysis
Chart of The Day – USD/JPY under the influence of Bessent and the BoJ
The yen has recently been one of the strongest currencies in the world, and this market has a new player who openly says he is playing with “loaded” cards. US Treasury Secretary Scott Bessent, during a speech at a Texas university, challenged traders by saying “I am the house now”. This means that such a […]
by Currency Hedger
- 0 Comments
- 2 months ago