Sugar futures ended Friday sharply lower as forecasts for hot, dry weather across Brazil’s Center-South region raised expectations for a faster harvest and renewed cane crushing. March New York raw sugar fell 1.33%, while December London white sugar declined 1.10%, as traders locked in profits following a strong three-week rally. The market enters Monday’s open […]
Cotton futures ended Friday mixed, with contracts ranging from a 19-point decline to a 24-point gain, while December cotton lost 54 points over the week. The market enters Monday’s open balancing weaker US export sales and shipments against continued managed-money buying, rising crude oil prices and a softer US dollar. The immediate outlook is mixed, […]
U.S. industrial production rose by 0.7% m/m in September , above the 0.4% forecast; the previous reading was revised from 0.0% to 0.1%. The U.S. Dollar Index futures contract (USDIDX) is falling for a second consecutive session, although it recovered slightly following the U.S. data. Source: xStation5
Facts: Recommendation: NATGAS.EU (D1) Source: xStation5 OPINION : Despite the strongly bullish momentum the contract price has shown in recent months, it has displayed a noticeable tendency to return toward the regression line (mean reversion) and closer to the middle of the Fibonacci channel range. The price is currently near the 423.6 level of the […]
Housing starts in Canada rose 3% month-over-month to a seasonally adjusted annual rate of 248,896 units in September 2026, up from a revised 242,223 units in August and above market expectations of 232,500 units. Rural starts were estimated at 18,094 units. Actual monthly housing starts were down 11% year-on-year in centres with a population of […]
The US 10-year Treasury yield edged up to 5.11% on Friday, following an 11bps decline in the previous session, but remained down around 14bps for the week. Yields also stayed below the highs reached earlier this month, their highest levels since 2002. Investors continued to assess the Fed’s policy outlook, with comments from Chair Warsh […]
US export prices rose 2.2% in September, marking their strongest monthly increase since April and significantly exceeding market expectations of 1%. The acceleration from August’s 1.2% increase, combined with rising import prices, points to renewed cost pressures across the US economy. Annual export-price growth reached 11.6%, its highest level since July 2022, while import prices […]
MUFG’s Derek Halpenny highlights the Pound’s resilience, with data-supported expectations of Bank of England tightening keeping GBP steady versus the US Dollar since June. However, rising consumer credit, increasing defaults, survey evidence of household vulnerability, and excessive OIS pricing for 100bps of hikes by next September leave the Pound exposed if UK rates reprice lower. […]
Commerzbank’s Volkmar Baur describes a double bind for the New Zealand Dollar as rising monthly price indices signal higher CPI, while electronic card data show stagnating retail spending and likely negative real consumption. With markets pricing an 80% chance of a Reserve Bank of New Zealand rate hike in two weeks, he remains cautious and […]
OCBC strategists Sim Moh Siong and Christopher Wong discuss how AI-linked investment has become a key pillar of US growth, equities, yields and Dollar strength. They warn that US-centric AI financing concerns can flip these supports, creating a risk-off environment with lower US Treasury yields and a softer USD, highlighting the Dollar’s growing exposure to […]