Fund Profit-Taking Undercuts Sugar Prices
Commodities, Technical Analysis
Fund Profit-Taking Undercuts Sugar Prices
March NY world sugar #11 (SBH27) closed down -0.68 (-3.26%) on Thursday, and December London ICE white sugar #5 (SWZ26) closed down -14.60 (-2.63%). Sugar prices settled sharply lower on Thursday as fund profit-taking emerged following the recent two-week rally. On Wednesday, NY sugar climbed to a 19-month nearest-futures high and London sugar to a 22-month […]
by Currency Hedger
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- 4 weeks ago
Metals, Technical Analysis
Gold Market Outlook: Bullion Holds Near $4,150 as Fed Rate Uncertainty and Middle East Risks Persist
Gold is holding near $4,150 an ounce as investors weigh competing forces from geopolitical uncertainty, energy-market volatility and the outlook for Federal Reserve monetary policy. Bullion is on track to finish the week little changed, with easing oil prices providing some relief to inflation concerns while tensions around the Strait of Hormuz continue to support […]
by Currency Hedger
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- 4 weeks ago
Commodities, Technical Analysis
Cocoa Market Outlook: West African Weather Risks Offset Rising Inventories and Weak Chocolate Demand
Cocoa futures are finding support from concerns over continued rainfall in Côte d’Ivoire, where wet conditions have disrupted transport infrastructure and slowed deliveries to export ports. December ICE New York cocoa futures gained 1.49% to settle higher, while December ICE London cocoa rose 1.41%, as weather-related supply risks offset pressure from rising exchange inventories and […]
by Currency Hedger
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- 4 weeks ago
Market Analysis, Technical Analysis, USD
US Dollar Market Outlook: Falling Treasury Yields Weigh on the Greenback Amid Fed Rate Uncertainty
The US dollar index has weakened toward 102, extending recent losses as declining Treasury yields and easing concerns over tensions with Iran reduce support for the greenback. A well-received 30-year Treasury bond auction suggests investors remain willing to purchase long-dated US government debt despite recent selling pressure, helping push yields lower and influencing expectations for […]
by Currency Hedger
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- 4 weeks ago
Australia 10Y Yield Retreats from 15-Year Highs
Australia’s 10-year government bond yield held below 5.4% after pulling back from 15-year highs, tracking a sharp decline in US Treasury yields. Strong demand at US government bond auctions pushed Treasury yields lower, offering some relief to global markets after weeks of heavy selling. Oil prices also declined after President Trump’s comments on productive US-Iran […]
by Currency Hedger
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- 4 weeks ago
CNH, Market Analysis, Technical Analysis, USD
Offshore Yuan Market Outlook: PBoC Defends Currency Policy as EU Trade Tensions Intensify
The offshore Chinese yuan strengthened to around 6.69 per US dollar, supported by China’s firm stance on exchange-rate policy as trade discussions with the European Union bring currency competitiveness into sharper focus. The People’s Bank of China (PBoC) has rejected the argument that exchange-rate adjustments alone can resolve global trade imbalances, maintaining that China’s export […]
by Currency Hedger
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- 4 weeks ago
Energies
European Gas Prices Retreat
European natural gas prices fell to €77.3/MWh, retreating from an over three-week high after President Trump said the US would not resume military strikes on Iran before November’s midterm elections, easing fears of an escalation in the conflict. However, supply risks persist as Iran stepped up tanker attacks in the Strait of Hormuz, a chokepoint […]
by Currency Hedger
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- 4 weeks ago
US 10-Year Yield Holds Retreat
The yield on the US 10-year Treasury note held around 5.23% on Friday, holding a pullback from 24-year highs following a well-received 30-year bond auction, suggesting investors remain willing to purchase long-dated government debt despite the recent market selloff. Investors also weighed easing oil prices after President Donald Trump said the US was engaged in […]
by Currency Hedger
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- 4 weeks ago
Market Analysis, Metals, Technical Analysis
Platinum Market Outlook: Falling Treasury Yields Support Recovery Above $1,650
Platinum prices have rebounded above $1,650 per ounce, recovering from a recent nine-week low as falling US Treasury yields and easing oil prices improve the outlook for precious metals. A rally in US government bonds has pushed Treasury yields lower from a 24-year peak, weakening the US dollar and reducing the opportunity cost of holding […]
by Currency Hedger
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- 4 weeks ago
Japan 10Y Yield Tracks US Yields Lower
Japan’s 10-year government bond yield fell to around 3.03% on Friday, hitting a two-week low as it tracked a decline in US Treasury yields following strong demand at the latest US 30-year bond auction despite the recent selloff. Domestically, data showed that Japan’s personal spending declined for a ninth consecutive month in August, as persistent […]
by Currency Hedger
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- 4 weeks ago