XAG/USD falls to near $54.00 due to higher oil prices
Metals
XAG/USD falls to near $54.00 due to higher oil prices
Silver price (XAG/USD) depreciates after posting modest gains the previous day, trading around $54.10 per troy ounce during Asian hours on Wednesday. Traders await the US Federal Reserve’s upcoming policy decision due later in the day. Non-yielding Silver faces renewed downward pressure as rising crude oil prices intensify inflationary fears and fuel expectations of further […]
by Currency Hedger
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- 3 days ago
GBP, Market Analysis, Technical Analysis
British Pound weakens to near 1.3300 ahead of UK budget, Fed rate decision
The GBP/USD pair extends the decline to around 1.3300 during the Asian trading hours on Wednesday. The British Pound (GBP) softens against the US Dollar (USD) amid cautious mood ahead of UK Budget and Federal Reserve (Fed) interest rate decision on Wednesday. UK Finance Minister John Healey is set to present his first budget later […]
by Currency Hedger
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- 3 days ago
CAD, Market Analysis, Technical Analysis
Canadian Dollar slides to one-week low vs firm USD as traders await BoC and Fed
The USD/CAD pair gains positive traction for the second straight day on Wednesday, extending this week’s recovery from the 1.3970-1.3965 region, or the lowest level since September 16. Spot prices climb further beyond mid-1.4000, hitting a fresh weekly top during the Asian session as traders now look to key central bank events. The Bank of […]
by Currency Hedger
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- 3 days ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Declines to near 175.50, bearish signals reinforce downside bias
The EUR/JPY cross trades in negative territory around 175.65 during the early European trading hours on Wednesday. The Japanese Yen (JPY) strengthens against the Euro (EUR) amid fears of currency intervention from Japanese authorities. Japanese Finance Minister Satsuki Katayama said on Tuesday that the government stood ready to take decisive action in the currency market. […]
by Currency Hedger
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- 3 days ago
Commodities, Market Analysis, Technical Analysis
Wheat Prices Fall Across Chicago, Kansas City and Minneapolis as US Winter Planting Slows
Wheat futures are facing renewed pressure across Chicago Soft Red Winter (SRW), Kansas City Hard Red Winter (HRW) and Minneapolis spring wheat markets. Selling across all three contracts reflects a market balancing seasonal US planting progress, global production expectations and export competition as traders assess the outlook for the 2026/27 wheat supply. The latest US […]
by Currency Hedger
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- 3 days ago
Commodities, Market Analysis, Technical Analysis
Soybean Prices Hold Near Nine-Week Low as US Harvest Advances Despite Strong Export Demand
Soybean futures are holding around $12.30 per bushel, trading near a nine-week low as the advancing US harvest and competition from Brazilian supplies offset stronger American export demand. The market is balancing improving physical availability against robust shipments and growing concerns that a strong El Niño weather pattern could reduce Brazil’s future soybean production. According […]
by Currency Hedger
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- 3 days ago
KRW, Market Analysis, Technical Analysis
South Korean Won Weakens to 1,339 as US Dollar Strength and Federal Reserve Uncertainty Pressure KRW
The South Korean won has weakened to approximately 1,339 per US dollar, retreating from its strongest levels in more than two years as renewed dollar strength and uncertainty surrounding the Federal Reserve’s interest rate decision weigh on the currency. The US Dollar Index is trading near a two-week high of 102.37, supported by cautious investor […]
by Currency Hedger
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- 3 days ago
Commodities, Market Analysis, Technical Analysis
Palm Oil Prices Rebound Above MYR 4,700 as Export Demand Strengthens and El Niño Threatens Supply
Malaysian palm oil futures have rebounded from recent losses, moving back above MYR 4,700 per tonne as bargain hunting, a weaker Malaysian ringgit and firmer competing vegetable oil prices support the market. A recovery in crude oil prices is also improving palm oil’s appeal as a biodiesel feedstock, while expectations of tighter supplies next year […]
by Currency Hedger
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- 3 days ago
Energies, Market Analysis, Technical Analysis
European Natural Gas Prices Surge Above €96/MWh as Winter Supply Risks Intensify
European natural gas prices have climbed above €96/MWh, approaching their highest levels since late 2022 as concerns over winter supply availability, geopolitical tensions in the Middle East and falling seasonal storage coverage intensify. With colder weather expected across Europe and unplanned outages affecting Norwegian production, the market faces increasing uncertainty over whether sufficient gas will […]
by Currency Hedger
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- 3 days ago
Commodities, Market Analysis, Technical Analysis
Corn Futures Near 11-Week Low as US Harvest Advances and Record Supply Weighs on Prices
Corn futures remain under pressure, trading below $4.50 per bushel and close to their lowest level in nearly eleven weeks as the advancing US harvest increases expectations for greater near-term supply. Improving weather conditions are expected to accelerate fieldwork, potentially bringing additional corn into the market and intensifying competition among global exporters. The USDA’s latest […]
by Currency Hedger
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- 3 days ago