Technical Analysis
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Oil extends losses and tests local lows. Piper Sandler bets on a rebound
Brent crude ( OIL ) is down nearly 3% today, trading around $93 per barrel and extending a clearly bearish…
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Gold drops to one-week low, seems vulnerable below $4,500 on hawkish central banks
Gold remains on the back foot as the USD continues to benefit from persistent geopolitical uncertainties. Inflation fears lift hawkish…
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NZD the strongest currency after a hawkish surprise from the RBNZ
RBNZ: hawkish hold The RBNZ delivered a decision that the market interpreted as a classic “hawkish hold.” The Official Cash…
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Indian Rupee ticks higher as oil prices decline while Iran uncertainty persists
The Indian Rupee ticks higher against the US Dollar as oil prices decline. Iran alleges that the US is violating…
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British Pound remains close to monthly peak vs Japanese Yen amid Mideast tensions
GBP/JPY regains positive traction on Wednesday and draws support from a combination of factors. A modest USD downtick benefits the…
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AUD/NZD Price Forecast: Retreats below 1.2200 on hawkish RBNZ, weak Australian data
AUD/NZD retreats from 1.2286 highs to levels below 1.2200. A hawkish RBNZ and soft Australian CPI figures are hammering the…
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Cocoa surges 8% amid El Nino risk – Is short squeeze possible?
ICE cocoa futures ( COCOA ) are rebounding sharply as the market begins to reprice weather-related risks tied to El…
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XAU/USD – Gold drops 1%
Gold and silver prices are falling on Tuesday despite lower U.S. Treasury yields. Gold is trading near $4,500 per ounce,…
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XRP holds key support amid US-Iran tensions, weak derivatives demand
XRP holds $1.35 support, reflecting a cautious outlook among investors as US “self-defense” strikes on Iran threaten a potential peace…
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Commodity Wrap – Gold, Oil, Natgas, Coffee
Key takeaways Gold: Prices remain under pressure from persistent inflation and high US yields, but continuous purchases by central banks…
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