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Soft Commodities
Cocoa Prices Settle Mixed on Currency Fluctuations
May ICE NY cocoa (CCK26) on Friday closed down -18 (-0.54%), and May ICE London cocoa #7 (CAK26) closed up…
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Soft Commodities
Corn Closes Higher on Friday as CFTC Data Shows Spec Longs Flooding In
Corn futures rounded out the Friday session with contracts steady in some deferreds to 4 ¾ cents higher in the…
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Soft Commodities
Wheat Rallies into Friday’s Close
The wheat complex posted double digit gains on Friday. Chicago SRW futures were up 10 to 15 1/4 cents on…
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Soft Commodities
Soybeans Ease Lower into the Weekend
Soybeans rounded out the Friday session with contracts down 2 to 6 ¼ cents across the board, as May still…
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Forex
AUD/USD Loses Nearly 1%
The Australian dollar wipes out recent gains🔥 Risk-off sentiment, higher US PCE inflation, and stronger consumer spending are boosting the…
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Banks
USD/ZAR: Rand unwind extends – ING
ING’s Chris Turner explains that previously popular long South African Rand positions are being unwound as low inflation comes under…
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Banks
Asian FX: Energy shock risks weigh on outlook – MUFG
MUFG analysts Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee highlight that Asian currencies and rates are vulnerable as the…
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Banks
USD/KRW: Upside risks with key resistance – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that USD/KRW has pushed toward 1,495, reflecting KRW’s high-beta nature during…
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Metals
Gold price heads for weekly loss as DXY surges above 100.00
XAU/USD falls 0.7% to $5,032, set for weekly losses exceeding 2%. DXY climbs to 100.43 while US 10-year yield rises…
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Forex
EUR/USD Price Forecast: Ends week near 1.1400, down below the 200-DMA
EUR/USD drops 1.74% on the week, trading near 1.1414 after slipping below the 200-day SMA. Break under 1.1400 exposes 1.1300…
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