EUR/JPY Price Remains above 185.50 near moving averages
EUR, JPY
EUR/JPY Price Remains above 185.50 near moving averages
EUR/JPY gains ground after posting minor losses in the previous day, trading around 185.70 during the Asian hours on Thursday. The technical analysis of a daily chart indicates that the currency cross is remaining within the ascending channel pattern, signaling an ongoing bullish bias. The EUR/JPY cross is maintaining a bullish near-term bias as it […]
by Currency Hedger
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- 2 months ago
Commodities
Wheat Futures Hit Over 3-Year Peak
Wheat futures climbed toward $7.40 per bushel in late August, hitting its highest level since June 2023, as the escalating Russia-Ukraine war fueled concerns over further disruptions to supplies from one of the world’s key grain-producing regions. Russia is set to ramp up attacks on Ukraine, including infrastructure strikes, after concluding that peace talks have […]
by Currency Hedger
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- 2 months ago
Commodities
Palm Oil Gains Despite Weak Export Momentum
Malaysian palm oil futures climbed above MYR 4,850 per tonne, rebounding from recent losses as a weaker ringgit boosted competitiveness and firmer edible oils on the Dalian exchange lent support. Bargain buying also emerged after prices touched a one-week low. Weather risks added to sentiment, with signs of a developing El Niño raising concerns over […]
by Currency Hedger
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- 2 months ago
Commodities, Energies
Heating Oil Resumes Decline
US heating oil futures resumed their decline to around $4.20 per gallon on Thursday, after gaining in the previous session, as markets weighed mixed geopolitical developments. Iran and Oman agreed on how to divide their respective shares of the Strait of Hormuz’s waters and related revenues, though Tehran said an agreement with Oman alone would […]
by Currency Hedger
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- 2 months ago
Commodities, Energies
Gasoline Turns Lower
US gasoline futures fell to around $3.26 per gallon on Thursday, trimming gains from the previous session as markets weighed mixed geopolitical developments. Iran and Oman reached an agreement on the allocation of their respective shares of the Strait of Hormuz’s waters and related revenues, although Tehran cautioned that the deal alone would not be […]
by Currency Hedger
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- 2 months ago
Energies
European Gas Prices Advance
European natural gas prices rose above €66 per megawatt-hour on Thursday after a two-day decline, as investors assessed diplomatic progress in the Middle East. Iran’s military said Tehran and Oman had reached agreements on the sharing of control and revenues from the Strait of Hormuz. However, Tehran stressed that a deal does not imply an […]
by Currency Hedger
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- 2 months ago
Commodities
Soybeans Rally to 26-Month High
Soybean futures climbed to around $12.5 per bushel, hitting their highest level since May 2024 as strong Chinese demand for US supplies boosted the market. USDA reported a private sale of 333,000 metric tons of US soybeans to China for 2026/27 delivery, adding to a broader wave of buying by the world’s largest soybean importer. […]
by Currency Hedger
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- 2 months ago
Commodities
Cattle Post Mixed Action
Live cattle futures came back to close Wednesday mixed, with contracts mostly 37 to 82 cents higher and October down 17 cents. Cash trade picked up to $220 Wednesday, firming $2 from Tuesday, with a few dressed sales of $345 in the north. The Wednesday morning Fed Cattle Exchange online auction showed no sales on […]
by Currency Hedger
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- 2 months ago
Commodities
Coffee Prices Slump on the Outlook for Larger Brazil Coffee Supplies
December arabica coffee (KCZ26) closed down -13.35 (-3.98%) on Wednesday, and November ICE robusta coffee (RMX26) closed down -77 (-2.09%). Coffee prices dropped to 1-week lows on Wednesday and settled sharply lower as the outlook for Brazil’s coffee harvest to put more supplies into the market has sparked long liquidation in coffee futures. Most warehouses […]
by Currency Hedger
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- 2 months ago
Commodities
Cocoa Prices Pressured by Abundant Supplies
December ICE NY cocoa (CCZ26) closed up +2 (+0.03%) on Wednesday, and September ICE London cocoa #7 (CAU26) closed down -4 (-0.10%). Cocoa prices settled little changed on Wednesday. Prices have been under pressure this week on signs of abundant global cocoa supplies. Last Friday, Bloomberg reported that Nigeria’s July cocoa bean exports rose +18% y/y […]
by Currency Hedger
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- 2 months ago