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Copper Falls as Inventories Ease Supply Concerns
Metals
Copper Falls as Inventories Ease Supply Concerns
Copper futures fell to around $6.55 per pound on Monday, retreating from recent gains as a sharp build-up in exchange inventories eased concerns over near-term supply tightness. LME-monitored copper inventories stood at 238,575 tons on August 20, about 16% above their February low, while SHFE-monitored stocks jumped 28.4% last week to 89,548 tons. The rise […]
by Currency Hedger
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- 12 hours ago
Energies
European Gas Holds Firm
European natural gas prices remained near multi-year highs, hovering around €65.8/MWh on Monday, as investors awaited details of a US plan to economically isolate Iran that could further disrupt energy supplies from the Middle East. Treasury Secretary Bessent is scheduled to hold a press conference later today and has threatened to impose “the toughest sanctions […]
by Currency Hedger
- 0 Comments
- 14 hours ago
Commodities
Soybeans Trade Near Multi-Week High
Soybeans traded above $12.20 per bushel, hovering near multi-week highs as strong demand offset a limited increase in US crop prospects. The Pro Farmer Crop Tour put the US soybean yield at just 0.6 bushels per acre above the USDA’s August estimate, implying only 53 million bushels more production, suggesting the findings may have a […]
by Currency Hedger
- 0 Comments
- 14 hours ago
Metals
Iron Ore Weakens Despite China Stimulus
Iron ore futures hovered around CNY 710 per ton, with underlying demand concerns persisting despite fresh Chinese stimulus signals. China’s steel output fell 3.6% year-on-year to 76.93 million tons in July, the lowest for the month since 2017, while inventories remained elevated. Weak property activity weighed on demand, with home prices down 3.2% year-on-year, while […]
by Currency Hedger
- 0 Comments
- 14 hours ago
INR, Technical Analysis, USD
Indian Rupee strengthens due to strong capital inflows, RBI support
The Indian Rupee (INR) inches higher against the US Dollar (USD) for the second consecutive day on Monday, positioning itself for a quiet start to the week. Strong capital inflows have supported the local currency, though traders remain attentive to fluctuating oil prices and potential Reserve Bank of India (RBI) interventions designed to maintain stability. […]
by Currency Hedger
- 0 Comments
- 14 hours ago
Currency Talk, EUR, USD
Euro holds steady against US Dollar amid US debt strategy
EUR/USD remains stronger for the fourth successive trading day, hovering around 1.1680 during the Asian hours on Monday. The currency pair holds its ground as the US Dollar (USD) struggles under pressure from newly announced United States (US) fiscal moves. The Treasury Department surprised financial markets by pledging to at least double its buybacks of longer-dated […]
by Currency Hedger
- 0 Comments
- 14 hours ago
GBP, Technical Analysis, USD
British Pound holds near Feb. 11 highs vs weak USD as bulls await breakout above 1.3660
The GBP/USD pair trades with a positive bias around mid-1.3600s at the start of a new week and remains well within striking distance of its highest level since February 11, touched on Friday. Moreover, the fundamental backdrop favors bullish traders and backs the case for an extension of a nearly one-month-old uptrend. The US Dollar […]
by Currency Hedger
- 0 Comments
- 14 hours ago
Energies, Technical Analysis
WTI slips below $85.00 as traders take profits before new US sanctions on Iran
West Texas Intermediate (WTI) oil price depreciates after two days of gains, trading around $84.80 per barrel during the Asian hours on Monday. Crude oil prices decline as investors took profits ahead of an expected US announcement regarding stricter sanctions against Iran. US Treasury Secretary Scott Bessent stated that Washington plans to impose the “toughest” […]
by Currency Hedger
- 0 Comments
- 14 hours ago
Metals, Technical Analysis
Gold gains momentum above $4,600 on US Treasury buyback plans
Gold price (XAU/USD) gains traction to around $4,625 during the early Asian trading hours on Monday. The precious metal climbs to the highest since May 15 as the US Treasury’s buyback support plan weighs on the US Dollar (USD). US Treasury Secretary Scott Bessent said on Thursday the government could increase bond buybacks beyond $4 billion, […]
by Currency Hedger
- 0 Comments
- 14 hours ago
CAD, Technical Analysis, USD
Canadian Dollar bears seem hesitant as weak USD counters US-Canada trade war
The USD/CAD pair struggles to capitalize on a bullish gap opening on Monday, though it retains an intraday positive bias amid concerns about a deepening US-Canada trade war. Spot prices currently trade just below the 1.3800 mark, up nearly 0.30% for the day, and, for now, seem to have snapped a three-day losing streak to a three-month […]
by Currency Hedger
- 0 Comments
- 15 hours ago
