Iron Ore Prices Slide Below CNY 680 as Rising Inventories and Weak Steel Demand Deepen Market Pressure
Market Analysis, Metals, Technical Analysis
Iron Ore Prices Slide Below CNY 680 as Rising Inventories and Weak Steel Demand Deepen Market Pressure
Iron ore futures have fallen below CNY 680 per tonne, moving closer to four-year lows as weakening fundamentals continue to weigh on the market. Rising inventories at major Chinese ports, subdued steel mill profitability and sluggish downstream demand are reinforcing the bearish outlook, while elevated shipments from international producers are adding to concerns over supply. […]
by Currency Hedger
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- 1 day ago
Dankse Bank, Institutional
Equities: Tech-led selloff weighs on risk sentiment – Danske Bank
Danske Research Team describes a weak session for global equities, with the S&P 500 down 0.3% and the Stoxx 600 up 0.8% but tech and communications underperforming. Alphabet fell 13% after disappointing earnings, while Amazon and Intel dropped sharply in aftermarket trading. They note AI capex scepticism likely returning and Asian indices opening lower. US […]
by Currency Hedger
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- 1 day ago
JPY, Market Analysis
Japanese Yen trims gains as Ueda remains vague about the next rate hike
The Japanese Yen (JPY) is giving back previous gains against the US Dollar (USD) on Friday, and Bank of Japan (BoJ) Governor Kazuho Ueda’s comments have failed to support the Japanese currency. The USD/JPY pair has returned to the 157.70 area from session lows at 157.12, turning flat on the daily chart. Ueda affirmed earlier […]
by Currency Hedger
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- 1 day ago
Economic Calendar: Preliminary European GDP and German Inflation in Market Focus
Global investor sentiment remains heavily influenced by geopolitical tensions in the Middle East, which have kept Brent crude prices firmly above the USD 110 per barrel threshold, generating renewed inflationary pressure and dampening hopes for aggressive monetary easing by major central banks. During the European trading session, attention will focus on preliminary Q3 GDP growth […]
by Currency Hedger
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- 1 day ago
Institutional, OCBC
British Pound: Higher bar for further gains against US Dollar – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that the British Pound (GBP) is underpinned by fiscal discipline, resilient United Kingdom (UK) growth and improved political stability, with the latest Budget preserving headroom under fiscal rules. However, markets already discount an aggressive Bank of England (BoE) tightening path into 2027, so additional GBP upside […]
by Currency Hedger
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- 1 day ago
Ueda Speech: BoJ Governor sheds lights policy outlook after the expected interest rate hold
Bank of Japan (BoJ) Governor Kazuo Ueda is addressing the press conference, explaining the reason behind leaving the key interest rate unchanged at 1.25% in the October policy meeting. BoJ press conference key highlights Japan’s economy expected to continue growing moderately. Mid- to long-term inflation expectations are at around 2%. Underlying CPI inflation at level […]
by Currency Hedger
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- 1 day ago
Crypto liquidations surpass $1.50 billion as Binance freezes $3 billion after hack
The broader cryptocurrency market is trading in the red on Friday, following news that the Binance wallets were hacked, resulting in the potential theft of $1.45 billion in Bitcoin (BTC) and $875 million in Ethereum (ETH), which could become the biggest crypto hack in history. The derivatives market witnessed over $1.50 billion in total liquidations […]
by Currency Hedger
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- 1 day ago
IDR, Market Analysis
Indonesian Rupiah faces foreign outflow pressures amid weaker market sentiment
USD/IDR gains ground after three days of losses, trading around 18,180 during Asian hours on Friday. The pair continues to appreciate as the Indonesian Rupiah (IDR) faces downward pressure from potential foreign capital outflows. Sentiment in Indonesia remains fragile, with the domestic stock market struggling as the IDX Composite fell 1.29% to trade around 5,030 […]
by Currency Hedger
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- 1 day ago
CommerzBank, Institutional
Japanese Yen: BoJ signals inflation milestone before December decision – Commerzbank
Commerzbank’s Michael Pfister reports that the Bank of Japan (BoJ) left rates unchanged after September’s hike, but delivered a hawkish signal by indicating underlying price pressures have reached the 2% target. A further rate increase in December is seen as increasingly likely and almost fully priced. Any additional hints from Governor Kazuo Ueda could give […]
by Currency Hedger
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- 1 day ago
Institutional, UOB
Euro: Rebound extends toward resistance against US Dollar – UOB
United Overseas Bank strategists Quek Ser Leang and Lee Sue highlight a strong EUR/USD rebound after an early New York selloff, shifting their stance from negative to cautiously constructive. The Euro (EUR) is now expected to probe higher resistance levels, with upside contingent on holding nearby supports, while a failure could see the pair revert […]
by Currency Hedger
- 0 Comments
- 1 day ago