Palm Oil Stabilises as Rising Stocks and Weak Exports Cap the Recovery
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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- 4 days 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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- 4 days 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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- 4 days 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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- 4 days 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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- 4 days 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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- 4 days ago
Metals
XAG/USD gains near $61.00 as Fed rate hike odds decline
Silver price (XAG/USD) gains ground after registering losses in the previous day, trading around $61.00 per troy ounce during Asian hours on Friday. Non-yielding Silver gains support as softer-than-expected US employment figures reduced expectations for further interest rate hikes by the Federal Reserve (Fed). Financial markets now price in nearly a 77.9% chance that the […]
by Currency Hedger
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- 4 days ago
BoJ’s Uchida: AI has become a major focus among central banks, including at BoJ policy meetings
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Monday that Artificial Intelligence (AI) has become a major focus among central banks, including at BoJ monetary policy meetings. Key quotes Adoption of AI could have both positive and negative effects on productivity and labor markets. AI has become a major focus among central banks, […]
by Currency Hedger
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- 4 days ago
Market Analysis, Technical Analysis, USD
United States Dollar Index gathers strength above 102.00 on safe-haven flows
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 102.20 in the early Asian trading hours on Monday. The DXY holds positive ground amid safe-haven flows. Traders await the US ISM Services Purchasing Managers Index (PMI) report on Monday for fresh impetus. […]
by Currency Hedger
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- 4 days ago
Energies, Technical Analysis
WTI drops to near $89.00 as G7 taps emergency reserves
West Texas Intermediate (WTI) oil price extends its losses for the second successive day, trading around $89.30 during Asian hours on Monday. Crude oil prices experienced a decline after G7 nations agreed to release 100 million barrels of crude and diesel from emergency reserves, pledging to avoid energy export restrictions following pressure from US President […]
by Currency Hedger
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- 4 days ago