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Soft Commodities
Palm Oil Trades Below MYR 4,600
Malaysian palm oil futures slipped below MYR 4,600 per tonne, extending losses on a stronger ringgit and weakness in edible…
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Euro
EUR/JPY Trades Flat Around 183.75
EUR/JPY trades calmly amid hopes that Japan could intervene again. Japan’s Mimura said that he will closely monitor the forex…
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Energies
WTI falls below $93.50 on hopes of strait of Hormuz reopening
WTI price falls to near $93.25 in Thursday’s early Asian session. The prospect of reopening the vital Strait of Hormuz…
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Forex
Japanese Yen consolidates as intervention fears, hawkish BoJ keep USD/JPY below mid-156.00s
USD/JPY lacks firm intraday directional bias as investors reassess Iran-US peace prospects. The hawkish BoJ and intervention speculations underpin the…
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Forex
EUR/USD trades above mid-1.1700s, close to two-week top
EUR/USD stalls the previous day’s late pullback from over a two-week high amid a weaker USD. US-Iran peace deal hopes…
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Forex
Australian Dollar recovers latest losses following Trade Balance data
AUD/USD may rebound as easing US-Iran tensions weaken safe-haven demand for the US Dollar. Iran said a US proposal to…
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Forex
The CAD remains flat as crude oil prices decline
The Canadian Dollar may weaken as falling oil prices pressure Canada’s crude-export-driven economy. Oil prices fall as easing Middle East…
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Forex
NZD/USD gains traction above 0.5950 on US-Iran peace deal hopes
NZD/USD gains ground to near 0.5960 in Thursday’s Asian session. Iran is expected to respond to the US proposal on…
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Metals
XAG/USD rises to near $78.00 due to potential US-Iran agreement
Silver rises as US-Iran deal hopes eased inflation fears and tempered hawkish central bank expectations. Fed’s Goolsbee warned that inflation…
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Soft Commodities
Cattle Pull Off Highs
Live cattle futures posted mixed results on Wednesday, with contracts down 22 cents to 55 cents higher. Cash trade from…
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