AUD drifts higher above 0.7100 after RBA’s Bullock speech
AUD, Technical Analysis, USD
AUD drifts higher above 0.7100 after RBA’s Bullock speech
The AUD/USD pair gains ground to near 0.7120 during the early European trading hours on Tuesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) following Reserve Bank of Australia (RBA) Governor Michele Bullock’s speech. Traders brace for the Fedspeak later on Tuesday for fresh impetus. RBA Governor Michele Bullock said on Tuesday that […]
by Currency Hedger
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- 1 month ago
CHF, USD
Swiss Franc gains as US Dollar declines on increased risk appetite
USD/CHF loses ground for the fourth consecutive day, trading around 0.8200 during Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) declines on increased risk-on sentiment due to trade and diplomatic prospects: traders are closely monitoring an upcoming US-China summit for signs of improving relations between the world’s two largest economies. Additionally, […]
by Currency Hedger
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- 1 month ago
AUD, JPY
AUD/JPY Price Forecast: Sticks to gains above 112.00 as bulls await 50% Fibo. breakout
The AUD/JPY cross attracts fresh buyers following a modest Asian session dip to the 111.80 area on Tuesday and turns positive for the seventh consecutive day. Spot prices, however, remain below last week’s swing high and currently trade around the 112.15-112.20 region, up nearly 0.15% for the day. The Japanese Yen (JPY) continues with its […]
by Currency Hedger
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- 1 month ago
Energies, Market Analysis, Technical Analysis
WTI Crude Oil Forecast: Bulls Target $93 as Geopolitical Risk Supports Oil Above Key Fibonacci Levels
WTI crude oil prices recovered toward $93.00 per barrel on Tuesday after falling for four consecutive sessions and briefly slipping below $91.00, marking the lowest level in almost two weeks. The rebound reflects renewed buying interest as geopolitical tensions in the Middle East continue to provide support to the oil market. The latest recovery comes […]
by Currency Hedger
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- 1 month ago
EUR, Market Analysis, Technical Analysis
EUR/USD Forecast: Euro Faces Fresh Downside Risk as Hawkish Fed Signals Boost Dollar and 1.1445 Support Comes Under Pressure
EUR/USD traded higher toward 1.1475 during Tuesday’s early European session as the euro gained modest ground against the US dollar amid improved risk sentiment and renewed hopes for potential US-Iran diplomatic talks. Despite the rebound, the broader technical structure remains under pressure. EUR/USD continues to trade below its 100-day simple moving average (SMA), while the […]
by Currency Hedger
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Gold Price Forecast: Gold Falls Toward $4,350 as Hawkish Fed Comments Lift Rate Hike Expectations
Gold prices traded near $4,350 an ounce on Tuesday, extending the previous session’s decline as hawkish comments from Federal Reserve officials strengthened expectations that US interest rates could remain higher for longer or potentially rise further. Higher interest-rate expectations are weighing on gold by increasing the opportunity cost of holding a non-yielding asset while also […]
by Currency Hedger
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- 1 month ago
Energies, Market Analysis, Technical Analysis
Heating Oil Price Forecast: US Heating Oil Falls Below $4.90 as Supply Risks Persist Ahead of Winter
US heating oil prices fell below $4.90 per gallon, extending their retreat from the record high reached last week as improving energy flows through the Strait of Hormuz and renewed diplomatic efforts eased immediate concerns over global fuel supplies. The decline reflects a reduction in the geopolitical risk premium that had pushed heating oil prices […]
by Currency Hedger
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Copper Price Forecast: Copper Extends Six-Session Rally Above $6.70 as Supply Disruptions Tighten the Market
Copper futures climbed above $6.70 per pound on Tuesday, extending the rally to a sixth consecutive session as growing concerns over global mine supply continued to support prices. The latest move higher comes despite copper already trading at historically elevated levels, with supply disruptions, declining ore grades and weak production from Chile adding to concerns […]
by Currency Hedger
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Platinum Price Forecast: Platinum Holds Near $1,800 as Dollar Strength Offsets Tight Supply Fundamentals
Platinum futures traded around $1,800 an ounce, remaining rangebound as opposing macroeconomic forces kept prices contained. A firmer US dollar created headwinds for the precious metal, while falling oil prices reduced inflationary pressures and eased concerns over further interest-rate increases. The retreat in oil prices has been linked to increasing diplomatic efforts to resolve the […]
by Currency Hedger
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- 1 month ago
Energies, Market Analysis
European Natural Gas Price Forecast: TTF Gas Rebounds as Middle East Risks and Low German Storage Keep Winter Supply in Focus
European natural gas prices rebounded toward €74 per megawatt-hour on Tuesday, recovering after falling almost 8% in the previous session to a two-week low. The sharp reversal highlights how quickly European gas markets are responding to changes in geopolitical risk, LNG shipping conditions and expectations for winter supply. The latest decline had been driven by […]
by Currency Hedger
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- 1 month ago