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Euro: Modest rebound against US Dollar as yields rise – Danske Bank
Dankse Bank, Institutional
Euro: Modest rebound against US Dollar as yields rise – Danske Bank
Danske Research Team notes that EUR/USD has modestly rebounded above 1.16 following recent Dollar strength after Fed Chair Kevin Warsh’s Jackson Hole speech. They also highlight contained underlying inflation pressures across major euro-area economies, while markets await the region’s flash inflation, unemployment and final manufacturing PMI data. Pair recovers above 1.16 level “In the euro area, we […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, Technical Analysis
September risks rise: rate hikes, oil prices and bond yields, plus, the end of an era for Apple
Key takeaways Stocks are pointing to a lower open in Europe later today, as the oil price continues to climb, and bond yields also jump. The Brent crude oil price is back above $91 per barrel, as tensions between Iran and the US heat up. A tanker was hit in the Strait of Hormuz, which […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional
Oil Fuels Market Uncertainty. Wall Street and Gold Under Pressure
Rising geopolitical tensions have weighed on market sentiment. Equities, government bonds and precious metals are declining, while oil prices are moving higher, increasing concerns about renewed inflationary pressures and a more hawkish Federal Reserve. The S&P 500 has erased its August gains, while U.S. index futures are down around 0.1%–0.2% today. GOLD chart (D1 interval) […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, Technical Analysis
The Week Ahead
Key takeaways The week ahead: Payrolls in focus as Fed rate hike As we start a new week, the market is digesting the fallout from Kevin Warsh’s Jackson Hole speech. Traders are also faced with a resumption of air strikes between the US and rising oil prices, and renewed expectations of a Federal Reserve rate […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
EUR, JPY, Technical Analysis
EUR/JPY Price – Hovers around 185.50 near nine-day EMA support
EUR/JPY inches lower after registering gains in the previous day, trading around 185.50 during Asian hours on Tuesday. The technical analysis of a daily chart indicates that the currency cross is remaining close to the lower boundary of the ascending channel pattern, signalling a critical juncture. It offers a high-reward, low-risk entry point for traders; […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Commodities
Arabica Coffee Posts Moderate Losses as Prices Consolidate
December arabica coffee (KCZ26) closed down 1.35 (-0.43%) on Monday, and November ICE robusta coffee (RMX26) did not trade, as markets were closed in the UK for a holiday. Arabica coffee settled lower on Monday as prices consolidated above last Thursday’s 3-week low. Last Thursday, arabica coffee fell to a 3-week low, and robusta dropped […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Commodities
Cocoa Prices Rise on Concern Over West African Cocoa Quality
December ICE NY cocoa (CCZ26) closed up +123 (+1.85%) on Monday, and September ICE London cocoa #7 (CAU26) did not trade, with markets in the UK closed for a holiday. NY cocoa extended its sharp three-session rally on Monday and posted an 11-month high. Concerns about the quality of this year’s West African cocoa crops […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Commodities
Global Supply Fears Underpin Sugar Prices
October NY world sugar #11 (SBV26) closed up +0.25 (+1.42%) on Monday, and October London ICE white sugar #5 (SWV26) did not trade, with markets closed in the UK for a holiday. NY sugar settled sharply higher on Monday but remained below last Friday’s significant high as the outlook for a global sugar deficit underpins […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Commodities
Wheat Futures Fall on Black Sea Export Hopes
Wheat futures fell to around $7.50 per bushel in early September, slipping away from a more than three-year high reached on August 28 as prospects for renewed grain shipments through the Black Sea eased supply concerns. Turkey said it is in talks with both Russia and Ukraine regarding the safe passage of grain exports and […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Commodities
Palm Oil Extends Gains as Malaysian Markets Reopen
Malaysian palm oil futures jumped near 2% to near MYR 4,900 per tonne, extending the previous session’s rally and hitting a one-week high as traders returned from a holiday. Sentiment was lifted by firmer edible oils on the Dalian and Chicago exchanges, along with a weaker ringgit. Stronger crude oil prices also provided support amid […]
by Currency Hedger
- 0 Comments
- 2 weeks ago