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XAG/USD struggles to extend upside above $66.25, NFP data awaited
Metals, Technical Analysis
XAG/USD struggles to extend upside above $66.25, NFP data awaited
Silver price (XAG/USD) struggles to extend Wednesday’s strong recovery move above $66.25 during the European trading session on Thursday. The white metal could remain sideways as investors await the United States (US) Nonfarm Payrolls (NFP) data for August, which will be released on Friday. US jobs rebound seen keeping Fed on hold despite hawkish risks According […]
by Currency Hedger
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- 2 weeks ago
BNY, Institutional
US Dollar: Hedging impulse fades as holdings stabilize – BNY
BNY’s Geoff Yu notes that the July FOMC-driven Dollar hedging impulse has largely run its course, with early signs of USD buying returning against EUR, MXN and CAD. Trade-weighted Dollar holdings are historically light, suggesting scope for stabilization, but a sustained recovery still depends on stronger U.S. asset demand and renewed real-rate leadership. Dollar hedges […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
EUR, Institutional
Trade of The Day – EUR/USD
Facts: Recommendation: Trade: Long position on EURUSD at market price Target: 1.1677, 1.1745 Stop: 1.1535 Opinion: EURUSD has been trading in an upward trend recently. Looking at the D1 interval, one can see that the recent downward correction reached the key support, where buyers appeared twice .The area 1.1580 is marked with previous price reactions […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, JPY
Chart of the Day: USDJPY sees another sharp drop; the pair is already down 1.25% intraday
The USD/JPY pair saw a sharp sell-off today, falling by over 1.2 per cent and testing the day’s low at 156.35 . The market is rapidly pricing in the growing risk of direct intervention by the Japanese Ministry of Finance (MoF) and signs of a hawkish shift in the Bank of Japan’s (BoJ) policy. 1. […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional
Time to take a breather, oil price pullback helps markets recover
Key takeaways As we move into the second half of the week, the oil price is dipping and there are signs of stabilisation in the bond market and in stocks. US indices snapped a 3-day losing streak on Wednesday, Asian indices rose overnight and futures prices point to more stabilisation today, with the FTSE 100 […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Commodities
Soybeans Rise Above $13
Soybean futures rose above $13.0 per bushel, near their highest level since December 2023 as fresh Chinese buying and signs of tightening crop conditions supported prices. Private exporters reported fresh sales of 202,000 metric tons of US soybeans to China for delivery in the 2026/27 marketing year, following a 136,000-ton purchase a day earlier. The […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Commodities
Corn Futures Fall on Profit-Taking
Corn futures fell below $5.2 per bushel, easing from a three-year high as traders took profits following the recent rally. Still, concerns over US yields and potential export demand continued to support prices. The latest USDA report showed the corn crop holding at 57% good-to-excellent as of August 30, while recent field assessments pointed to […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Commodities
Palm Oil Rebounds on Dalian Gains, El Niño Risks
Malaysian palm oil futures strengthened, trading near MYR 4,990 per tonne after recent losses, lifted by firmer edible oil prices on the Dalian market. Sentiment was also supported by rising El Niño risks, which could bring drier conditions to Southeast Asia. Palm oil output in top supplier Indonesia is expected to fall 2.9% to 56.8 […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, Technical Analysis
Bond markets still in focus, as Iran war heats up
The bond market sell off is once again the main driver of price action on Wednesday. Stocks are broadly lower across Europe, with tech and industrials taking the brunt of the sell off. However, the decline in stocks is milder than it was on Tuesday. US futures are also pointing to a lower open, after […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, Technical Analysis
Cocoa down 4% as Mondelez International calms market supply fears
The cocoa market remains strongly supported by concerns over weather conditions in West Africa, but the fundamental picture is far from uniformly bullish, with ICE cocoa futures (COCOA) down more than 4% today . Industry giant Mondelez has pointed out that relatively healthy cocoa inventories provide a buffer that could soften the impact of a […]
by Currency Hedger
- 0 Comments
- 2 weeks ago