Technical Analysis
Market Analysis, Metals, Technical Analysis
XAG/USD bears have the upper hand below $53.00 pivotal resistance
Silver (XAG/USD) attracts some dip-buyers during the Asian session on Wednesday, reversing a part of the previous day’s retracement slide from the $53.70-$53.75 region, or a one-and-a-half-week top. The white metal currently trades near mid-$52.00s, up around 1.80% for the day, though the upside potential seems limited amid mixed cues. Tuesday’s hotter-than-expected US consumer inflation […]
by Currency Hedger
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- 4 days ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Traders seem hesitant below 1.3300s; 200-SMA on H4 holds the key
The GBP/USD pair struggles to build on modest Asian session uptick beyond mid-1.3300s, though it holds above a one-and-a-half-week trough, touched the previous day. The US Dollar (USD) preserves the previous day’s hot US consumer inflation figures-inspired gains amid odds for a jumbo 50-basis-point (bps) rate hike by the US Federal Reserve (Fed) in December. […]
by Currency Hedger
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- 4 days ago
KRW, Market Analysis, Technical Analysis, USD
South Korean Won Strengthens to 1,336 Against Dollar as Export Growth and Equity Inflows Support Currency
The South Korean won strengthened towards 1,336 per US dollar on Wednesday, reaching its strongest level since late October as robust export growth, improving domestic economic indicators and renewed foreign investment in Korean equities supported demand for the currency. The recovery reflects stronger confidence in South Korea’s export sector, particularly semiconductors, where shipments have surged […]
by Currency Hedger
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- 4 days ago
Market Analysis, Metals, Technical Analysis
Copper Price Rebounds Towards $6.30 as China Supply Tightens and AI Demand Returns
Copper prices are rebounding towards $6.30 per pound on Wednesday, recovering from four-month lows as tightening physical supply in China provides renewed support to the market. The recovery reflects growing concerns over the availability of refined copper in the world’s largest consuming market, where record import premiums, reduced shipments and lower domestic smelter production are […]
by Currency Hedger
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- 4 days ago
Commodities, Market Analysis, Technical Analysis
Wheat Prices Rally Across Chicago, Kansas City and Minneapolis as USDA Raises Global Carryout
Wheat futures are trading higher across all three US exchanges, supported by spillover strength from corn and soybean markets. The gains come despite a more comfortable global supply outlook in the latest USDA World Agricultural Supply and Demand Estimates (WASDE) report, which raised both world production and ending stocks. Chicago SRW and Kansas City HRW […]
by Currency Hedger
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- 4 days ago
Commodities, Market Analysis, Technical Analysis
Corn Futures Rally as USDA Cuts US Production by 141 Million Bushels
US corn futures rallied across the board on Tuesday, with nearby contracts leading the advance after the latest USDA Crop Production and WASDE reports revealed a larger-than-expected reduction in US production and ending stocks. December 2026 corn gained 9¾ cents to close at $4.49 per bushel, while March 2027 advanced 9¼ cents to $4.61½. The […]
by Currency Hedger
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- 4 days ago
Commodities, Market Analysis, Technical Analysis
Soybean Futures Surge as USDA Cuts US Ending Stocks to 300 Million Bushels
US soybean futures rallied sharply on Tuesday, with prices climbing between 14 and 42¼ cents across the board after a supportive USDA supply and demand report reduced projected US ending stocks despite a modest increase in production. The strongest gains were concentrated in the nearby contracts, reflecting an improved outlook for US export demand and […]
by Currency Hedger
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- 4 days ago
Commodities, Market Analysis, Technical Analysis
Live Cattle Futures Rally as Feeder Prices Advance and Beef Markets Show Mixed Signals
US cattle futures extended their rally on Tuesday, with live cattle and feeder cattle contracts posting strong gains across the board. Live cattle futures advanced between $2.22 and $3.62 during the session, while feeder cattle contracts gained between $2.00 and $4.45, reflecting continued buying interest across the livestock complex. December 2026 live cattle settled at […]
by Currency Hedger
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- 4 days ago
Commodities, Market Analysis, Technical Analysis
Coffee Prices Extend Decline as Brazilian Real Hits 15-Month Low and Export Supplies Increase
Coffee futures remained under pressure on Tuesday, extending the previous session’s losses as a weaker Brazilian real, rising export volumes and expectations of larger global supplies weighed on market sentiment. December 2026 New York arabica coffee fell to a seven-week low, settling at 274.20 cents per pound, down 2.20 cents or 0.80%. January 2027 London […]
by Currency Hedger
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- 4 days ago
Commodities, Market Analysis, Technical Analysis
Cocoa Prices Crash to 4.5-Month Low as Index Rebalancing Triggers Heavy Selling
Cocoa futures extended their three-week decline on Tuesday, with prices falling to fresh 4.5-month lows as rising exchange inventories, fund liquidation and concerns over future index rebalancing intensified selling pressure. December 2026 New York cocoa settled at $4,734 per tonne, down $262 or 5.24%, while December London cocoa fell £145 or 3.84% to £3,630 per […]
by Currency Hedger
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- 4 days ago