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Facts: Recommendation: EURUSD (D1) Source: xStation5 OPINION : On the EURUSD pair, a clear repricing of both the probability and the scale of interest rate hikes can currently be observed, which should trigger a correction in the euro versus the US dollar. Price growth in Europe is weaker than in the US, inflation expectations are […]
COTTON & WHEAT down more than 2% ๐ฅ Agricultural commodities have seen a strong wave of gains, driven mainly by supply and logistics concerns. These stem from a combination of worries about fertilizer prices, the security of terminals in the Black Sea, and weather anomalies following El Niรฑo. WHEAT (D1) Chart Source: xStation5 Wednesday, however, […]
The Euroย (EUR) is sharply down at around 184.66 against the Japanese Yen (JPY) during the European trading session on Wednesday. The cross faces intense selling pressure as the Japanese currency outperforms on fresh expectations that the United States (US) and Japan will jointly intervene again. Japanese Yen Price Today The table below shows the percentage […]
The Euroย (EUR) posts moderate losses against theย British Poundย (GBP) on Wednesday, as the previous two days’ recovery has been capped again at a key resistance area between 0.8580 and 0.8585, which holds the top of an ascending triangle pattern.ย Macroeconomic data is scarce in both the UK and theย Eurozoneย on Wednesday, and the Euro and the Pound […]
The offshore yuan held its decline around 6.72 per dollar on Wednesday as the US dollar strengthened amid mounting inflation concerns and growing expectations of a near-term Federal Reserve rate hike. The greenback remained firm as renewed tensions in the Middle East heightened fears of further disruptions in the Strait of Hormuz, adding to inflationary […]
Iron ore futures fell toward CNY 710 per ton in early September, retreating from one-month highs on expectations of strong supply in the second half of the year. Industry data showed global iron ore shipments increased by 2.73 million tons week-on-week to 35.72 million tons from August 24-30. However, iron ore arrivals at 47 Chinese […]
Steel rebar futures fell to around CNY 3,100 per ton in early September, pulling back from multi-month highs as surging oil prices heightened inflationary risks and reinforced expectations of imminent interest rate hikes, weighing on the demand outlook. Higher rates could eventually slow global economic growth, dampening demand for industrial metals. Meanwhile, steel prices rallied […]
BNYโs Geoff Yu says JPY selling has largely run its course, while USD/JPYโs return toward 160 keeps intervention risk firmly in focus. The bank notes that positioning has not yet turned decisively long JPY, but sees scope for tactical yen buying to re-emerge if markets again anticipate official intervention. Intervention risk anchors USD/JPY levels “Exposures […]
Deutsche Bankโs Jim Reid notes that rising nominal and real yields pressured global equities, with US and European stocks falling and losses extending across Asia. US technology shares underperformed, while European declines were more moderate. Futures for major US and European indices also pointed to continued weakness. Global indices under broad pressure “Meanwhile in the US, […]
ING analysts Warren Patterson and Ewa Manthey note Brent has pushed back above $95/bbl as escalating Persian Gulf tensions revive supply risk and a geopolitical premium. They highlight record ICE gasoil cracks, extreme backwardation and ongoing disruptions to Middle East and Russian diesel exports. ING expects middle distillate cracks to stay highly elevated and volatile […]
