Brent Oil Retreats as Rising Supply Offsets Middle East Risk
Energies, Market Analysis, Technical Analysis
Brent Oil Retreats as Rising Supply Offsets Middle East Risk
Brent crude is trading near $101 per barrel, giving back part of its recent gains as evidence of improving global supply begins to outweigh persistent geopolitical risks across the Middle East. The market remains caught between two opposing forces. On one side, the G7 has agreed to release up to 100 million barrels of crude […]
by Currency Hedger
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- 1 month ago
Metals, Technical Analysis
Platinum Rises as Softer US Jobs Data Support Precious Metals
Platinum futures are trading back above $1,700 an ounce, recovering from recent multi-week lows as softer US employment data reduces expectations for another Federal Reserve rate hike this month. The weaker labour-market picture has eased some pressure from higher interest rates and lowered the opportunity cost of holding non-yielding precious metals. However, the recovery remains […]
by Currency Hedger
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- 1 month ago
INR, Market Analysis, Technical Analysis, USD
Indian Rupee Stabilises as Lower Oil Prices and Fed Expectations Offer Relief
The Indian rupee is stabilising around 96.2 per US dollar after reaching a two-month low, with softer oil prices and reduced expectations for a Federal Reserve rate hike providing some relief. Lower crude prices are particularly important for India because cheaper energy reduces pressure on the country’s import bill and can improve the external balance. […]
by Currency Hedger
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- 1 month ago
Japan 10-Year Yield Holds Steady
Japan’s 10-year government bond yield was little changed around 3.09% on Monday, remaining near 30-year highs ahead of an extraordinary Diet session and a policy address from Prime Minister Sanae Takaichi. Japanese government bonds have faced persistent selling pressure since Takaichi’s election, as her administration’s ambitious spending plans and proposed tax cuts have raised concerns […]
by Currency Hedger
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- 1 month ago
Commodities, Market Analysis, Technical Analysis
Palm Oil Stabilises as Rising Stocks and Weak Exports Cap the Recovery
Malaysian palm oil futures are stabilising after recent losses, with bargain hunters returning following the market’s decline to its lowest level since mid-July. However, the recovery remains fragile as prices continue to trade below MYR 4,500 per tonne, with rising production, elevated inventories and weaker exports keeping the supply-demand balance under pressure. September shipment estimates […]
by Currency Hedger
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- 1 month ago
Commodities, Market Analysis, Technical Analysis
Corn Futures Under Pressure as Large US Inventories and Weak Exports Weigh on Prices
Corn futures have fallen below $5.00 per bushel, reaching their lowest level in six weeks as larger-than-expected US inventories and a slow export pace reinforce concerns over abundant supplies. The USDA’s latest stocks data showed US corn inventories at 2.095 billion bushels as of September 1, 35% above the previous year and well above the […]
by Currency Hedger
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- 1 month ago
Japan’s Kihara: There are no plans to carry out a further oil release
Japanese Chief Cabinet Secretary Minoru Kihara said in a news conference in the Asian trade on Monday that there are no plans for a fresh release of crude oil from national reserves as the country had already released crude supplies, despite a G7 agreement to release 100 million barrels of diesel and crude from emergency […]
by Currency Hedger
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- 1 month ago
Institutional, TDS
US data week: ISM, labor and sentiment in focus – TD Securities
Munoz and Nir expect a relatively quiet US data calendar, with ISM Services likely slipping to 54.0 versus 55.0 consensus, modestly higher Jobless Claims, and a small decline in UMich Sentiment to 47.5. They note September payrolls moderated mainly on seasonal factors, while underlying labor-market strength and rising participation support a still-resilient backdrop. Services survey […]
by Currency Hedger
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- 1 month ago
AUD, Market Analysis, Technical Analysis, USD
AUD/USD Price Forecast: Fresh downside likely below 0.6900
The Australian Dollar (AUD) is down 0.15% to near 0.6935 against the US Dollar (USD) in the Asian trade on Monday. The Aussie pair faces selling pressure as the US Dollar outperforms due to escalate France fiscal woes. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed […]
by Currency Hedger
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- 1 month ago
Institutional
US economy: Mixed labour and inflation picture – NBC Economics and Strategy
NBC Economics and Strategy highlights that U.S. nonfarm payrolls rose just 29K in September versus a 90K consensus, while the household survey showed a 406K employment surge and a 4.2% unemployment rate. Q2 real GDP was revised up to 2.2% annualized. The headline PCE deflator stayed at 3.4% and core at 3.0%, both below expectations […]
by Currency Hedger
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- 1 month ago