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Chart of the Day: Wheat rebounds 3% after pulling back from multi-year highs
Commodities, Institutional, Technical Analysis
Chart of the Day: Wheat rebounds 3% after pulling back from multi-year highs
Chicago wheat futures (WHEAT) are up more than 3% today as investors price in a more persistent reduction in supply amid the ongoing war between Ukraine and Russia, with both sides targeting exports and disrupting key logistics routes. WHEAT chart (D1 interval) Over the past several sessions, selling pressure in wheat was visible across all […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional
Economic Calendar: NFIB Index in Focus – Light Macro Schedule
Today’s economic calendar is very light, with investors shifting their attention toward the second half of the week. The key release will be Friday’s U.S. CPI inflation report for August. German imports and exports unexpectedly declined, but EURUSD is holding up relatively well and has managed to move back above its 200-day exponential moving average […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
ING, Institutional
Hungarian Forint: Inflation surprise and HUF dynamics – ING
ING’s Frantisek Taborsky highlights that Hungarian inflation rebounded to 1.3% in August but stayed below expectations and the NBH’s forecast, with price growth seen remaining under target this year. Markets are focused on a potential pause in rate cuts and a lower inflation target ahead of Euro adoption, while EUR/HUF could move back above 364 […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Dankse Bank, Institutional
Equities: Tech leadership with Astra boost – Danske Bank
Danske Bank notes European equities were broadly flat on Monday, with the Stoxx 600 unchanged and OMX Nordic slightly higher, while Asian markets rallied in thin trading as US markets were closed for Labor Day. The bank highlights strong performance in technology, particularly semi-conductors and AI-linked hardware, while rising bond yields weighed on real estate […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, OCBC
Euro: Range-bound risks against US Dollar with ECB focus – OCBC
OCBC’s Christopher Wong notes EUR/USD is holding near 1.16 as a softer US Dollar (USD) and firmer Euro-area data offset higher Oil prices. Strong expectations for a 25bp European Central Bank (ECB) hike and improving Euro-area sentiment are seen limiting Euro downside in the near term, though elevated Oil and political uncertainty in Germany keep […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, MUFG
Japanese Yen: Strengthens against US Dollar on BoJ outlook – MUFG
MUFG’s Michael Wan notes the Japanese Yen has strengthened below 154 against the US Dollar (USD), its firmest level since February, as markets price faster Bank of Japan tightening. A 25 bps hike at the 18 September Bank of Japan (BoJ) meeting is seen largely priced, with focus shifting to future rate guidance. Wan projects […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional
Oil Nears $100 per Barrel, USD/JPY Tumbles Again.
USDJPY and OIL charts, D1 interval The pair recently plunged below its 200-day EMA (red line), moving into a downtrend. Following yesterday’s decline, we are seeing another downward impulse of a similar magnitude today. However, the candle’s long lower wick suggests that USDJPY may have reacted to support in the 152–153 area, where price action […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
NZD, Technical Analysis, USD
New Zealand Dollar struggles after China’s Trade Balance data
NZD/USD extends its losses for the third successive day, trading around 0.5850 during the Asian hours on Tuesday. The pair is depreciating as the New Zealand Dollar (NZD) remains under pressure following the release of trade data from China, New Zealand’s major trading partner. China’s August Trade Balance reached $119.09 billion, aligning closely with forecasts […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
AUD, JPY, Technical Analysis
AUD/JPY Weakens below 111.00, remains capped below 100-day SMA
The AUD/JPY cross trades in negative territory around 110.75 during the early European trading hours on Tuesday. A slew of hawkish comments from the Bank of Japan (BoJ) policymakers have cemented views that the BoJ will raise interest rates this month, supporting the Japanese Yen (JPY) against the Australian Dollar (AUD). BoJ board member Hajime Takata said last […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
EUR, JPY
EUR/JPY Price Slips below 178.50 within oversold territory
EUR/JPY loses ground for the second consecutive day, trading around 178.40 during the Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling a bearish bias. The EUR/JPY cross maintains a bearish near-term tone as it remains below both the nine- and 50-period Exponential […]
by Currency Hedger
- 0 Comments
- 2 weeks ago