Euro: Holds near 1.1670 against US Dollar as rate moves offset – Danske Bank
Dankse Bank, Institutional
Euro: Holds near 1.1670 against US Dollar as rate moves offset – Danske Bank
Danske Research Team reports that EUR/USD remained little changed around 1.1670, with the chart showing only a modest pullback from overnight highs before a partial recovery. Lower US yields and softer oil prices weighed on the Dollar, but declining European rates limited the Euro’s upside, leaving the pair without a clear directional signal. EUR/USD stays broadly stable […]
by Currency Hedger
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- 2 months ago
Currency Talk, NZD, Technical Analysis, USD
NZD/USD Price Forecast: Dips below 0.5950, fresh weekly low as USD firms ahead of US PCE
The NZD/USD pair comes under some renewed selling pressure on Wednesday and drops to a fresh weekly low, around the 0.5945 region during the early European session. The US Dollar (USD) regains positive traction ahead of the release of the US Personal Consumption Expenditures (PCE) Price Index later today and Federal Reserve Chair Kevin Warsh’s speech at […]
by Currency Hedger
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- 2 months ago
Energies
European Gas Prices Extend Decline
European natural gas prices dropped more than 5% to below €64 per megawatt-hour on Wednesday, extending losses from the previous session as signs of progress in the Middle East talks eased fears of a squeeze on energy supplies. Iran’s and Oman’s foreign ministers said that they discussed plans for a temporary transit corridor through the […]
by Currency Hedger
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- 2 months ago
Metals
Copper Hits Fresh Record High
Copper futures climbed above $6.7 per pound on Wednesday, reaching a new all-time high as supply-side risks persisted despite a recent easing of the market squeeze. Traders continued to divert shipments toward the US amid elevated premiums and expectations of new tariffs under the Trump administration, with the White House yet to make a final […]
by Currency Hedger
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- 2 months ago
Commodities
Corn Hits 3-Year High on US Crop Concerns
Corn futures jumped above $5 per bushel, hitting their highest level since July 2023 as mounting concerns over US crop yields pointed to tighter supplies. The Pro Farmer Crop Tour recently estimated the 2026 US corn yield at 173.2 bushels per acre, well below the USDA’s latest forecast of 180.7 bushels, while production was projected […]
by Currency Hedger
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- 2 months ago
Commodities
Palm Oil Retreats to One-Week Low
Malaysian palm oil futures extended losses, trading below MYR 4,900 per tonne and touching their lowest level in a week as traders returned from a holiday. Sentiment was pressured by a stronger ringgit and weaker soyoil prices on the Chicago market, while crude oil fell on renewed hopes that the Strait of Hormuz could reopen. […]
by Currency Hedger
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- 2 months ago
Commodities
Wheat Futures Hit 1-Month High
Wheat futures climbed toward $7 per bushel in late August, reaching their highest level since July 23, as intensifying Russia-Ukraine attacks threatened to further disrupt grain shipments from the Black Sea. The worsening conflict has raised concerns over the ability of the two major wheat exporters to move their crops to global markets, particularly as […]
by Currency Hedger
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- 2 months ago
Commodities
Soybeans Hold at 1-Month High
Soybean futures held above $12.2 per bushel, staying near a four-week high as weaker US crop conditions and fresh export demand supported prices. The USDA’s national soybean rating dipped over the past week, with the share of the crop rated good-to-excellent falling 1 percentage point to 60% for the week ended August 23. Although 91% […]
by Currency Hedger
- 0 Comments
- 2 months ago
ING, Institutional
US Dollar: Bond market supports cautious consolidation – ING
ING’s Francesco Pesole notes the Dollar is drawing support from the US bond market as long-dated yields stabilise, while US-Canada trade tensions and Iran-related sanctions risks complicate the outlook. He argues renewed US-China trade frictions could hurt the Dollar, and sees downside risks dominating, although USD is expected to consolidate into the upcoming Jackson Hole […]
by Currency Hedger
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- 2 months ago
CommerzBank, Institutional
Gold: Tariff conflict fuels safe haven bid – Commerzbank
Commerzbank’s Carsten Fritsch reports that Gold has surged to a three‑month high near USD 4,700 per ounce as US–Canada tariff tensions escalate and concerns over US debt intensify. Silver and Platinum have also rallied. Strong ETF inflows, particularly in North America, suggest sustained investor interest, and the bank sees indications that Gold prices will continue to rise. […]
by Currency Hedger
- 0 Comments
- 2 months ago