Metals Market Update: Lithium Carbonate Falls 3.95% as Precious Metals Decline
Market Analysis, Metals, Technical Analysis
Metals Market Update: Lithium Carbonate Falls 3.95% as Precious Metals Decline
Metals markets face broad selling pressure, led by lithium carbonate, which falls 3.95%. Silver declines 1.88%, platinum drops 1.73%, and gold loses 0.86%, highlighting weakness across both battery-related materials and precious metals. Iron ore moves against the trend, gaining 1.56% and emerging as the strongest performer in the latest metals snapshot. The divergence points to […]
by Currency Hedger
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- 2 days ago
Commodities, Market Analysis, Technical Analysis
Agricultural Commodities: Wool Falls 3.47% as Palm Oil Slides, While Rice Gains
Agricultural commodities show mixed price performance, with wool leading the declines as prices fall 3.47%, followed by palm oil, which loses 1.39%. Rice moves in the opposite direction, posting a gain of 0.55% and emerging as the strongest performer in the latest commodity snapshot. The divergence highlights uneven momentum across agricultural markets, with wool and […]
by Currency Hedger
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- 2 days ago
Spain’s Retail Sales Decline Further in September
Spain’s retail sales fell 1.4% year over year in September 2026, following a revised 0.5% decline in August, driven primarily by weaker fuel sales, which dropped 6.4%, and lower sales of food, beverages, and tobacco, which fell 4.2%. In contrast, sales of cultural and recreational goods rose 9.6%, while information and communication equipment increased 4.4%. […]
by Currency Hedger
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- 2 days ago
ING, Institutional
Euro: ECB tone watched on France – ING
ING’s Francesco Pesole expects the European Central Bank to keep rates unchanged and does not see French bond market stress as sufficient to trigger a dovish pivot, given high Oil and gas prices. Markets price some chance of a December hike, but ING anticipates a cautious communication. The bank sees EUR/USD holding above 1.110, with […]
by Currency Hedger
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- 2 days ago
CAD, Market Analysis, Technical Analysis
USD/CAD Price Forecast: Trades around 1.4000 within falling wedge
USD/CAD remains subdued for the second successive day, trading around 1.3990 during European hours on Thursday. The technical analysis of the daily chart shows that the pair price is remaining within the falling wedge pattern, suggesting selling momentum is losing strength, signaling a potential bullish breakout. The USD/CAD pair is keeping a bearish near-term bias […]
by Currency Hedger
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- 2 days ago
CommerzBank, Institutional
Indian Rupee: Range holds against US Dollar as RBI stays hawkish – Commerzbank
Commerzbank strategists Dr. Henry Hao and Charlie Lay note that USD/INR rose slightly but continues to trade comfortably within the 94–97 range seen over the past six months. They highlight resilient Indian industrial production and a hawkish Reserve Bank of India (RBI) stance, while warning that elevated Oil prices remain a near-term headwind for the […]
by Currency Hedger
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- 2 days ago
Institutional, UOB
Japanese Yen: Range trading persists against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note that USD/JPY price action has been volatile but ultimately little changed, with the pair closing near 157.82. Their short-term view is for USD/JPY to stay confined within tight intraday ranges, while over the 1–3 week horizon they expect the Dollar to trade between 157.00 and […]
by Currency Hedger
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- 2 days ago
Dankse Bank, Institutional
Equities: AI trade holds gains after hyperscaler earnings – Danske Bank
Danske Bank strategists note that Equities advanced on Wednesday, with the S&P 500 and Stoxx 600 higher as the AI trade rebounded for a third session. Alphabet and Microsoft’s after-hours results delivered a mixed picture for AI-related revenues and capex. They highlight that unchanged capex guidance may limit further earnings revision rallies in the broader […]
by Currency Hedger
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- 2 days ago
Market Analysis, Metals, Technical Analysis
Iron Ore Rebounds Above CNY 680 as Chinese Steel Mill Output Strengthens
Iron ore futures climb above CNY 680 per tonne, recovering from four-year lows as improving steel mill activity in China provides fresh support for prices. Higher hot metal production and rising blast furnace utilisation suggest that demand from the world’s largest iron ore consumer is beginning to strengthen. However, the recovery faces significant headwinds. Chinese […]
by Currency Hedger
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- 2 days ago
ECB Expected to Hold Interest Rates as Markets Anticipate December Hike
The European Central Bank is widely expected to leave interest rates unchanged at its October policy meeting, maintaining the main refinancing rate at 2.65% and the deposit facility rate at 2.50%. Policymakers are adopting a wait-and-see approach as they assess inflation risks, the effects of previous monetary tightening and growing uncertainty across the euro area. […]
by Currency Hedger
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- 2 days ago