Japan’s Katayama says government is prepared to take decisive steps in FX market
Japan’s Katayama says government is prepared to take decisive steps in FX market
Japanese Finance Minister (FM) Satsuki Katayama said on Tuesday that the government is prepared to take decisive steps in the foreign exchange market. Katayama added that officials will closely monitor market moves with heightened urgency, including at this moment. Key quotes The government is prepared to take decisive steps in FX market. Closely monitoring market moves […]
by Currency Hedger
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- 5 days ago
INR, Market Analysis, Technical Analysis
Indian Rupee weakens as higher oil prices keep elevating US Dollar’s demand
The Indian Rupee (INR) weakens again versus the US Dollar (USD) as demand for US Dollars remains significant due to elevated oil prices. In the opening trade on Tuesday, the USD/INR pair is slightly up to near 95.22. As of writing, the MCX Crude Oil contract expiring on November 19 is down 1.24% to near […]
by Currency Hedger
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- 5 days ago
EUR, Hedging, Market Analysis, Technical Analysis
EUR/USD Price Forecast: Softens to near 1.1150, with bearish bias intact below 100-day SMA
The EUR/USD pair trades in negative territory near 1.1165 during the early European session on Tuesday. The Euro (EUR) extends its downside against the US Dollar (USD) as France’s fiscal concerns renewed financial stress across the Eurozone. Traders will closely monitor the Federal Reserve (Fed) and European Central Bank (ECB) interest rate decisions later this […]
by Currency Hedger
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- 5 days ago
CHF, Market Analysis
Swiss Franc edges lower as US Dollar gains offset lower yield impact
USD/CHF inches higher after two days of gains, hovering around 0.8280 during Asian hours on Tuesday. The pair moves little as the US Dollar (USD) remains stronger, driven by market caution ahead of looming interest rate decisions by the US Federal Reserve (Fed) due on Wednesday. Financial markets expect the Federal Reserve to keep interest […]
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- 5 days ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Remains depressed below $100.00 as Mideast jitters limit downside
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some sellers for the second straight day, trading below the $100.00 psychological mark during the Asian session on Tuesday. Meanwhile, the commodity remains within striking distance of a five-month high set last Friday as traders await further developments surrounding the Middle East […]
by Currency Hedger
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- 5 days ago
IDR, Market Analysis, Technical Analysis
Indonesian Rupiah Forecast: IDR Remains Under Pressure Above 18,100 as Dollar Strength Persists
The Indonesian rupiah remains under pressure above IDR 18,100 per US dollar, trading near its weakest level since late July. A firm US dollar ahead of the Federal Reserve’s policy decision, rising oil prices and concerns over Indonesia’s fiscal outlook are weighing on sentiment. Inflation has also accelerated, while Bank Indonesia continues to intervene to […]
by Currency Hedger
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- 5 days ago
Commodities, Technical Analysis
Corn Price Forecast: US Futures Slip as Weak Soybeans and Export Demand Weigh on Market
US corn futures closed lower, with nearby contracts recovering from session lows but remaining under pressure from weakness in the soybean market. The national average US cash corn price slipped to $4.16½ per bushel, while export inspections fell sharply compared with both the previous week and the same period last year. The technical outlook is […]
by Currency Hedger
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- 5 days ago
Commodities, Technical Analysis
Wheat Price Forecast: Futures Fall Across Chicago, Kansas City and Minneapolis as Export Demand Weakens
US wheat futures declined across all three major markets, with Chicago Soft Red Winter (SRW), Kansas City Hard Red Winter (HRW) and Minneapolis spring wheat contracts all closing lower. Weak export inspections and marketing-year shipments significantly below last year’s levels are weighing on sentiment, while winter wheat planting is running slightly behind its five-year average. […]
by Currency Hedger
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- 5 days ago
Commodities, Technical Analysis
Live Cattle and Feeder Cattle Forecast: Futures Rise as Tight Supply Supports Prices
US live cattle and feeder cattle futures moved higher, with buying supported by Friday’s Cattle on Feed report, which showed September placements at a record low for the month. Stronger wholesale beef prices and rising feeder cattle auction values also point to firm underlying market conditions. The technical bias is cautiously bullish following the latest […]
by Currency Hedger
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- 5 days ago
Commodities, Technical Analysis
Soybean Price Forecast: Brazilian Real Weakness Pressures US Futures Despite Strong Export Demand
US soybean futures came under pressure, with contracts falling between 7¼ and 16 cents as Brazil’s political developments triggered a sharp decline in the Brazilian real. The weaker currency makes Brazilian soybeans more competitive internationally, increasing pressure on US export pricing. However, strong US shipments, including substantial demand from China, provide an important counterweight. The […]
by Currency Hedger
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- 5 days ago