Chicago wheat futures remained near $6.60 per bushel as traders balanced renewed disruption to Black Sea exports against comfortable global grain supplies. Recent attacks on vessels and port infrastructure have raised concern about shipments from Russia and Ukraine. In this article, experts at Sylverix.com examine whether wheat can break above $6.80 or whether harvest pressure...
Category: Business
US Natural Gas Holds Near $2.75 as Heat Demand Meets Ample Storage
US natural gas futures traded near $2.75 per million British thermal units after a smaller-than-expected storage build offered support. September futures recently settled around $2.758, while strong production and inventories above the five-year average continued to limit gains. In this article, experts at Sylverix examine whether hotter weather and stronger LNG demand can lift natural...
STOXX 600 Reaches Record High as Technology Shares and Earnings Lift Europe
European stocks climbed to a fresh record on Friday, with the STOXX 600 rising around 0.9% to 655.45 points. Technology shares led the move, while several strong earnings reports helped the index extend its monthly advance. In this article, experts at Sylverix examine whether the STOXX 600 can continue toward 665 or whether higher eurozone...
WTI Crude Rises Toward $85 as Shipping Disruptions Keep Supply Risk Elevated
West Texas Intermediate crude climbed above $84.70 per barrel on Friday as traders monitored tanker traffic through the Strait of Hormuz. The market was also heading for a monthly gain of roughly 22% after conflict-related disruptions tightened regional supply. In this article, experts at Sylverix examine whether WTI can extend its recovery toward $88 or...
Copper Holds Near $13,650 as US Stockpiling Tightens Supply Elsewhere
Copper remained near $13,650 per metric ton as traders weighed strong Chinese import demand against growing distortions in global inventories. Large volumes of refined metal have continued moving toward the United States, where tariff uncertainty has encouraged stockpiling. In this article, experts at Sylverix examine whether tightening supplies outside the United States can lift copper...
Gold Slips Toward $4,050 as Dollar Strength Returns After the Fed Meeting
Gold moved lower on Friday as the US dollar recovered from its previous decline. Spot prices fell by more than 1% to around $4,055 per ounce, although the metal remained on course for its first monthly gain since February. In this article, experts at Sylverix examine whether gold can regain $4,100 or whether dollar strength...
USD/JPY Rebounds Above 160 as BOJ Hold Weakens the Yen After Intervention
USD/JPY moved back above 160.50 on Friday after the Bank of Japan left its policy rate unchanged at 1%. The yen had strengthened sharply a day earlier, briefly reaching about 157.80 per dollar, as traders reacted to signs of official currency intervention. Much of that advance faded once the central bank avoided another immediate increase....
EUR/USD Outlook: Bulls Eye 1.1621 Resistance as Bigger Picture Battle Continues
Brokers from Risance dive into the latest EUR/USD technical outlook, as the pair holds a bullish intraday bias while the broader medium term trend remains at a crucial crossroads. Intraday Bias Remains Tilted To The Upside EUR/USD continues to show a constructive short term picture following its rebound from the 1.1323 low. According to the...
USD/JPY Outlook: Support Near 155.01 Faces Critical Test After Sharp Pullback
Brokers from Risance examine the latest USD/JPY technical picture, as the pair extends its decline from the recent high while a key structural support comes under growing pressure. Sharp Decline From 163.97 Continues USD/JPY’s fall from the 163.97 high has extended further, marking one of the more notable pullbacks in recent sessions. While additional downside...
Gold Price Forecast: XAU/USD Holds Above $4,060 Ahead Of Critical ISM PMI And NFP Week
Risance‘s trading desk breaks down the latest Gold market outlook, as XAU/USD consolidates near $4,064 ahead of a heavy week of U.S. economic data that could determine the metal’s next major move. Gold Consolidates Ahead Of Key U.S. Data Gold is currently trading close to $4,064, holding steady as traders await the U.S. ISM Manufacturing...