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Soft Commodities
Palm Oil Heads for First Weekly Rise Since Late April
Malaysian palm oil futures hovered around MYR 4,500 per tonne, recovering from recent losses as a weaker ringgit and firmer…
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Forex
Euro weakens against British Pound ahead of Germany IFO Business Survey
EUR/GBP remains subdued as the Euro falls ahead of upcoming German economic indicators. The Euro struggles as flash PMI data…
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Energies
WTI – 200-SMA on H4/trend line confluence near $95.00 holds the key
WTI trades with a mild negative bias for the third straight day, though it lacks follow-through. The uncertainty surrounding a…
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Forex
Euro struggles as rising hawkish Fed tone lifts USD
EUR/USD falls as a firm US Dollar gained support from rising expectations of a hawkish Federal Reserve stance. President Trump…
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Forex
GBP steadies above 1.3400 vs USD on mixed BoE cues, UK political and Iran risks
GBP/USD struggles to gain any meaningful traction on Friday amid mixed fundamental cues. UK political uncertainty counters BoE rate hike…
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Forex
EUR/JPY Price Tests confluence resistance zone near 185.00
EUR/JPY tests the nine-day EMA of 184.76. The 14-day Relative Strength Index around 47 indicates recent pullback is a consolidation.…
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Forex
CHF flattens against US Dollar as investors await US-Iran deal announcement
The Swiss Franc ranges around 0.7870 vs. the US Dollar, with investors awaiting US-Iran deal confirmation. The issues regarding the…
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Metals
XAG/USD remains subdued near $76.00 due to US-Iran uncertainty
Silver falls due to rising expectations of a hawkish Federal Reserve stance. Fed officials are abandoning rate cuts and considering…
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Metals
XAU/USD weakens as hawkish Fed outlook and Iran tensions support US Dollar
Gold meets with a fresh supply as geopolitical risks and hawkish Fed bets underpin the USD. Iran’s uranium enrichment and…
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Forex
AUD/JPY Price Weakens to near 113.50, but broader uptrend remains intact
AUD/JPY drifts lower to near 113.50 in Friday’s early European session. Surprise rise in Australia’s Unemployment Rate will give RBA…
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