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Oil: Tanker risks support prices – ING
ING, Institutional
Oil: Tanker risks support prices – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil remains supported as tensions between the US and Iran escalate in the Persian Gulf. They highlight continued flows through the Strait of Hormuz, aided by US Navy escorts, and unchanged OPEC+ quotas. Speculative net longs in ICE Brent have risen, while disruptions mean many producers […]
by Currency Hedger
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- 2 weeks ago
Dankse Bank, Institutional
Euro: Range holds before key data against US Dollar – Danske Bank
Danske Research Team reports EUR/USD trading in a narrow 1.1610–1.1620 range after quickly reversing losses from a stronger US jobs report. They highlight a thin data calendar with United States (US) markets closed, and note that attention will shift to the upcoming European Central Bank (ECB) meeting, where a rate hike is widely expected, and […]
by Currency Hedger
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- 2 weeks ago
Metals
Iron Ore Hits 5-Week High
Iron ore futures rose toward CNY 740 per ton, approaching five-week highs as elevated freight costs and expectations of pre-holiday restocking in top consumer China supported prices. Shipping costs remained elevated amid strong energy prices as the US and Iran exchanged strikes in the Middle East over the weekend, keeping supply risks high. Investors also […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Commodities
Palm Oil Holds Gains Ahead of Monthly Data
Malaysian palm oil futures hovered above MYR 4,950 per tonne, extending recent gains as firmer edible oil prices on Dalian markets and higher crude oil prices lifted sentiment amid heightened concerns over a prolonged supply disruption from the Middle East. Rising El Niño risks added a bullish factor, with drier conditions threatening Southeast Asian production. […]
by Currency Hedger
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- 2 weeks ago
CNH
Offshore Yuan Edges Lower
The offshore yuan edged lower to around 6.71 per dollar on Monday, retreating from a more than three-year high reached in the previous session as the People’s Bank of China continued to signal a more measured approach to the currency’s appreciation. The central bank set its daily midpoint at 6.7795 per dollar, 709 pips weaker […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Currency Talk
Rupiah Holds Below IDR 17,700 as Forex Reserves Rise
The Indonesian rupiah remained below IDR 17,700 per U.S. dollar for a third straight session on Monday, hovering around IDR 17,650, as sentiment was supported by stronger external buffers and signs of fiscal prudence. August forex reserves rose to a five-month high of USD 146.5 billion, helped by government withdrawals of external loans. Meanwhile, the […]
by Currency Hedger
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- 2 weeks ago
INR
Rupee Hits Two-Month High
The Indian rupee rose to around 94.4 per dollar, reaching more than two-month highs as persistent Reserve Bank of India intervention and expectations of continued dollar selling supported the currency. The rupee gained 0.9% last week, with the RBI’s sustained presence helping insulate it from negative global cues. Traders stated that the central bank’s ability […]
by Currency Hedger
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- 2 weeks ago
Metals
Copper Eases on Fed Rate Hike Concerns
Copper futures slipped to around $6.55 per pound on Monday, ending a two-day rally as stronger-than-expected US jobs data strengthened expectations for a Federal Reserve rate hike this month, weighing on the demand outlook for industrial metals. Investors also assessed rising inflation risks after oil prices extended their gains as the US and Iran exchanged […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CHF
Swiss Franc weakens as US Dollar strengthens on Fed rate hike bets
USD/CHF gains ground for the second successive day, trading around 0.8110 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) recovers its daily losses, driven by stronger-than-expected United States (US) employment data that fuels expectations of an imminent Federal Reserve interest rate hike. According to the US Bureau of Labor Statistics, August […]
by Currency Hedger
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- 2 weeks ago
EUR, Technical Analysis
EUR/USD Price Holds key 100-day SMA at start of the US CPI week
The Euro (EUR) trades marginally lower at around 1.1610 against the US Dollar (USD) during the Asian trading session on Monday. The major currency pair edges down as the US Dollar ticks up, with investors turning cautious at the start of the United States (US) Consumer Price Index (CPI) week. Investors will pay close attention to […]
by Currency Hedger
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- 2 weeks ago