British Pound edges higher vs weak USD as focus remains glued to this week’s FOMC meeting
GBP, Market Analysis, Technical Analysis
British Pound edges higher vs weak USD as focus remains glued to this week’s FOMC meeting
The GBP/USD pair attracts some dip-buyers near the 1.3360 area during the Asian session on Friday, stalling last week’s modest pullback from its highest level since September 16. Bulls, however, might await sustained strength and acceptance above the 1.3400 mark before placing fresh bets as the market focus remains glued to this week’s key central […]
by Currency Hedger
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- 6 days ago
EUR, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Falls below 176.00 after a bullish gap opening
EUR/JPY gains ground after three days of losses, trading around 175.90 during Asian hours on Monday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, indicating a persistent bearish bias. The EUR/JPY cross is keeping a bearish near-term tone as it holds below both the nine- and 50-period […]
by Currency Hedger
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- 6 days ago
CHF, Market Analysis, Technical Analysis
Swiss Franc advances as US Dollar weakens on Fed rate pause expectations
USD/CHF depreciates after registering over 0.5% gains the previous day, trading around 0.8230 during Asian hours on Monday. The pair loses ground as the US Dollar (USD) declines as the Federal Reserve (Fed) is widely expected to hold interest rates steady before potentially pursuing another rate hike in December. According to the CME FedWatch Tool, […]
by Currency Hedger
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- 6 days ago
Energies, Market Analysis, Technical Analysis
US Natural Gas Plunges to $2.51 as Warm Weather Forecasts Weigh on Heating Demand
US natural gas prices have fallen more than 4% to $2.51 per MMBtu, reaching their lowest level since October 2024 as warmer-than-normal weather forecasts reduce expectations for near-term heating demand. The decline reflects a combination of subdued consumption expectations and a recovery in domestic production, although strong flows to liquefied natural gas (LNG) export terminals […]
by Currency Hedger
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- 6 days ago
Commodities, Technical Analysis
Malaysian Palm Oil Falls Below MYR 4,800 as Dalian Weakness and Lower Crude Prices Offset Export Surge
Malaysian palm oil futures have fallen below MYR 4,800 per tonne, reversing recent gains as weakness in competing edible oils and lower crude oil prices weigh on market sentiment. The decline comes despite a strong increase in Malaysian export shipments and additional support from festival-related buying in India, the world’s largest palm oil importer. Pressure […]
by Currency Hedger
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- 6 days ago
US 10-Year Yield Holds Below 5%
The yield on the US 10-year Treasury note held just below 5% on Monday after sliding for three straight weeks, as mounting concerns about artificial intelligence spending that spurred a global tech selloff continued to drive safe-haven demand for bonds. Investors are now looking to earnings from megacap tech names, including Amazon, Alphabet and Microsoft, […]
by Currency Hedger
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- 6 days ago
China’s Fiscal Expenditure Growth Slows to 1% in Jan-Sep
China’s general public budget expenditure increased 1% year-on-year to CNY 21.02 trillion in the first nine months of 2026, slowing from a rise of 1.2% in the first eight months and 3.1% in the same period of 2025. Central government expenditure climbed 5.8% to CNY 3.28 trillion, while local government spending increased 0.2% to CNY […]
by Currency Hedger
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- 6 days ago
Market Analysis, Metals, Technical Analysis
Gold Falls Below $4,000 as Middle East Tensions and Higher Rate Expectations Weigh on Bullion
Gold is trading below $4,000 per ounce, hovering near its lowest level in more than three months as investors assess escalating geopolitical tensions in the Middle East and prepare for key central bank decisions. Despite the region’s rising security risks, the prospect of persistently higher interest rates is weighing on the precious metal. Uncertainty surrounding […]
by Currency Hedger
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- 6 days ago
CNY, Market Analysis, Technical Analysis
Chinese Yuan Hits Four-Year High at 6.67 Against US Dollar as USD/CNY Extends Decline
The Chinese yuan has strengthened to its highest level against the US dollar since June 2022, with the USD/CNY exchange rate touching 6.67. The move extends a broader decline in the dollar against the yuan, reflecting a significant shift in the currency pair over recent months. USD/CNY has fallen by 0.66% over the past four […]
by Currency Hedger
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- 6 days ago
Market Analysis, Technical Analysis, USD
US Dollar Weakens Ahead of Federal Reserve Decision as Inflation and GDP Data Take Centre Stage
The US dollar is facing renewed selling pressure, with the US Dollar Index trading around 101.6 as investors position for the Federal Reserve’s upcoming interest-rate decision and a busy week of economic data. Markets broadly expect the Fed to leave interest rates unchanged, while attention is turning to the possibility of a further policy adjustment […]
by Currency Hedger
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- 6 days ago