Economic Calendar: Markets Await Reports from Procter & Gamble and Western Digital
Economic Calendar: Markets Await Reports from Procter & Gamble and Western Digital
The morning brings a return to risk-off mode, even though the previous session on Wall Street was strong (S&P 500 +0.58%, Nasdaq +1.05%). Investors have digested Meta’s and Tesla’s earnings, and sentiment has clearly deteriorated. The epicenter of the sell-off today is in Asia— CHN.cash (-3.16%) , which fits the picture of a Chinese bear […]
by Currency Hedger
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- 3 weeks ago
GBP, Market Analysis, Technical Analysis
GBP/USD Price Forecast: Holds onto monthly high near 1.3410
The British Pound (GBP) reflects strength against the US Dollar (USD) on Thursday, trading firmly near the monthly high at around 1.3410 in the European trade. The GBP/USD pair strengthens as hot United Kingdom (UK) Consumer Price Index (CPI) data for September has boosted hawkish Bank of England (BoE) expectations. UK inflation surprise keeps BoE […]
by Currency Hedger
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- 3 weeks ago
EUR, GBP, Market Analysis, Technical Analysis
EUR/GBP Price Forecast: Attempting to regain 0.8400 after hitting oversold levels
The Euro (EUR) shows a mild bullish correction against the British Pound (GBP) on Thursday, following a more than 2.7% selloff from late September highs that had pushed the Relative Strength Index to heavily oversold levels in most timeframes. The EUR/GBP pair trades around 0.8390, after hitting fresh 17-month lows near 0.8370 on Wednesday, with […]
by Currency Hedger
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- 3 weeks ago
ING, Institutional
Oil: Risk premium supported by Gulf tensions – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices remain well supported as ICE Brent trades back above $110/bbl following new attacks on Saudi Arabia. They highlight that Kuwait is exporting as much crude as before the war while producing more than 2m b/d, but refined product shipping issues and elevated US inventory […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional, UOB
Euro: Range trading consolidation persists against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report EUR/USD remains stuck in a tight consolidation, with intraday trade expected between 1.1210 and 1.1250 as momentum indicators stay flat. Over the next one to three weeks they see a narrower 1.1170–1.1270 band containing price action. Their medium-term view is that the […]
by Currency Hedger
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- 3 weeks ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Advances above mid-$98.00s as bullish setup backs additional gains
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts fresh buyers on Thursday, climbing to the $98.70 zone during the Asian session. The commodity remains within striking distance of its highest level since September 15, touched earlier this week, amid Concerns about a further escalation of tensions in the Middle East […]
by Currency Hedger
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- 3 weeks ago
Commodities, Market Analysis, Technical Analysis
Wheat Prices Fall Across Chicago, Kansas City and Minneapolis as Black Sea Peace Talks Weigh on Futures
Wheat futures are facing renewed selling pressure as developments surrounding the Black Sea conflict raise expectations of improved grain export flows. Chicago soft red winter wheat, Kansas City hard red winter wheat and Minneapolis spring wheat all closed lower, with Kansas City contracts recording some of the steepest losses. December 2026 Chicago wheat futures settled […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Market Analysis, Metals, Technical Analysis
Gold declines to one-week low, below $4,100 on Fed hike bets as bulls shrug off weak USD
Gold (XAU/USD) comes under some renewed selling pressure on Thursday and drops to a fresh one-week low during the Asian session, with bears now looking to extend the downward trajectory further below the $4,100 mark. The latest US inflation figures, released last week, reaffirmed market bets for an imminent interest rate hike by the Federal […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
EUR, Market Analysis, Technical Analysis
EUR/USD Price Forecast: Holds gains near 1.1250, but bearish bias holds below 100-day average
The EUR/USD pair trades in positive territory near 1.1245 during the early European trading hours on Thursday. Nonetheless, the potential upside might be limited amid fiscal concerns in France. European Central Bank (ECB) policymaker Fabio Panetta is scheduled to speak later on Thursday. French 10-year borrowing costs climbed above 5% for the first time in […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Commodities, Market Analysis, Technical Analysis
Coffee Prices Diverge as Arabica Rebounds 1.56% While Robusta Falls 1.70% on Rising Inventories and Record Global Supply Outlook
Coffee futures are sending mixed signals as arabica prices recover while robusta comes under renewed pressure from rising exchange inventories and expectations of abundant global production. December New York arabica coffee futures advanced 1.56% on Wednesday, gaining 4.85, while November London robusta futures declined 1.70%, falling 58. The divergence reflects different supply dynamics across the […]
by Currency Hedger
- 0 Comments
- 3 weeks ago