Palm Oil Extends Decline as Monthly Data Looms
Commodities
Palm Oil Extends Decline as Monthly Data Looms
Malaysian palm oil futures extended losses, hovering below MYR 4,550 per tonne as weaker Chicago soyoil weighed on sentiment. Caution also prevailed ahead of Malaysian Palm Oil Board monthly data, with stocks expected to peak this month. Sluggish demand added pressure, with cargo surveyors estimating a 17.1%-28.8% month-on-month drop in palm oil exports in September. […]
by Currency Hedger
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- 2 days ago
Metals
XAG/USD remains below $61.00 as oil prices surge
Silver price (XAG/USD) declined after opening at a bullish gap, remaining in positive territory and trading around $60.90 per troy ounce during Asian hours on Wednesday. Non-yielding Silver experienced downside pressure as a rebound in crude oil prices, driven by persistent Middle East supply risks, kept inflationary concerns and rate-hike expectations firmly in focus. Oil […]
by Currency Hedger
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- 2 days ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Forecast: More downside likely below 1.1160
The Euro (EUR) is down 0.18% to near 1.1238 against the US Dollar (USD) during the Asian trading session on Wednesday. The major currency pair faces selling pressure as the US Dollar regains ground after a corrective move the previous day. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against […]
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- 2 days ago
Indonesia Forex Reserves Slightly Fall in September
Indonesia’s forex exchange reserves slightly fell to USD 146.3 billion in September from a five-month high of USD 146.5 billion in the previous month. The decline was primarily due to government external loan withdrawals and tax and services receipts, amid repayments of maturing government foreign debt and Bank Indonesia’s rupiah stabilization measures in response to […]
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- 2 days ago
Japan 10Y Yield Eases as BOJ Rate Outlook in Focus
Japan’s 10-year government bond yield fell below 3.1% on Wednesday, retreating from 30-year highs as investors weighed the outlook for further Bank of Japan policy tightening. BOJ member Ayano Sato, who previously dissented from the central bank’s September rate hike, said she favored a gradual approach to raising interest rates in multiple stages, adding to […]
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- 2 days ago
Energies, Market Analysis, Technical Analysis
WTI Oil Prices Rise Toward $90 as Middle East Supply Risks Tighten the Market
WTI crude oil is trading near $89.50 per barrel, extending its advance as persistent risks to Middle East energy flows continue to outweigh signs of recovering regional supply. The latest strength reflects renewed concern over tanker attacks, disruptions around the Strait of Hormuz and ongoing military activity involving Iran and the Houthis. At the same […]
by Currency Hedger
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- 2 days ago
CAD, Market Analysis, Technical Analysis, USD
Canadian Dollar edges lower on reviving USD demand; recovering oil prices limit losses
The USD/CAD pair edges higher during the Asian session on Wednesday, stalling the previous day’s retracement slide from the vicinity of its highest level since April 2025, touched at the start of this week. Spot prices, however, lack bullish conviction and currently trade just above the 1.4200 mark, up only 0.05% for the day, amid […]
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- 2 days ago
EUR, Market Analysis, Technical Analysis, USD
Euro weakens below 1.1250 on France’s debt fears
The EUR/USD pair remains on the defensive near 1.1250 during the early Asian trading hours on Wednesday. The Euro (EUR) weakens against the US Dollar (USD) amid fears of France’s debt crisis. The Minutes of the Federal Open Market Committee (FOMC) will be in the spotlight later on Wednesday. France’s Finance Minister said the government […]
by Currency Hedger
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- 2 days ago
GBP, Market Analysis, Technical Analysis, USD
British Pound weakens as US Dollar advances ahead of FOMC Meeting Minutes
GBP/USD loses ground after registering modest gains in the previous day, trading around 1.3250 during Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground, driven by rising oil prices that could revive inflation concerns and expectations for further Federal Reserve (Fed) rate hikes. Traders await the Federal Open Market Committee […]
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- 2 days ago
RBI expected to kick off rate-hike cycle with 25 bps move
The Reserve Bank of India (RBI) is set to announce its bi-monthly monetary policy decision on Wednesday at 10:00 AM IST (04:30 GMT), in a meeting where the central bank is expected to initiate an interest rate hike cycle after maintaining a status-quo so far this calendar year. According to the market consensus, the RBI […]
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- 2 days ago