EUR/USD

The euro has plunged during most of the week, but we are starting to see a little bit of support near the 1.08 level.

At this point in time, the market looks as if it is trying to bounce but there is still a lot of negativity out there, and I believe any rally at this point in time will probably continue to attract short sellers and it comes to this pair, mainly due to the fact that interest rate spiking in the United States will be a major driver of the US dollar.

I have no interest in buying this pair in the short term, unless of course something changes from a fundamental point of view.

USD/CHF

The US dollar has rallied again during the course of the week, but it does look like we are struggling a little bit with a certain amount of resistance.

If we can break above the present area, then we could go looking to the 0.8750 level, an area that previously has been important due to both support and resistance, and it’s likely that we could go looking to that area.

I also believe that area would be very difficult to get above. Pulling back from this area could open up the possibility of a move to the 0.8550 level, which is a little bit of a floor. We are in the middle of 2 major areas, so expect choppiness.

NZD/USD

The New Zealand dollar has fallen pretty significantly during the course of the week, as we are testing the 0.60 level. Breaking down below the bottom of the candlestick for the previous week opens up the possibility of a move down to the 0.5850 level.

If we turn around and bounce from there, it’s very likely that the market could go looking to the 0.61 level, but quite frankly I think this is an area that should continue to be a massive resistance, and of course, if the interest rates in America continue to spike and of course we continue to see more “risk off behavior”, it makes sense that we will go negative in this pair.

NASDAQ 100

The NASDAQ 100 has fallen quite a bit during the course of the week to reach the 20,000 level, only to turn around and bounce rather significantly.

In fact, as we are closing out the week it looks like we are trying to do everything we can to continue to go much higher, perhaps reaching the 21,000 level before it is all said and done.

Ultimately, I think that short-term pullbacks could continue to be an issue, but I also recognize that we have a situation where traders are certainly bullish, and I think that it’s almost impossible to start shorting this index anytime soon.

USD/MXN

During the trading week, we have seen the US dollar rally toward the 20 MXN level, but that area continues to be a major resistance barrier.

If we can break above that area, then the market is likely to continue to see plenty of reasons to go higher. After all, the market has a lot of things to worry about right now, and that of course makes the US dollar much more attractive than the Mexican peso which is pretty far out on the risk appetite spectrum, and that of course is the most important thing to pay attention to.

If we can break above the 20 MXN level, that could open up a move to the 20.50 MXN level. As things stand right now, I do believe that this remains a “buy on the dips” market.

Gold

Gold markets have had another bullish week, and it is probably worth noting that we have sold off quite a bit toward the top.

That being said, I also recognize that a short-term pullback would probably be the best thing that could happen for gold. Whether or not we get it remains to be seen, but the one thing that I can take away from this chart is that we are most certainly due for some type of dip so that you can take advantage of it.

If and when it happens, I would be a major buyer, with the $2600 level being a massive support level

WTI Crude Oil

The West Texas Intermediate Crude Oil market has rallied a bit during the course of the week as we continue to see a lot of back and forth.

At this point, I believe that the $65.50 level is a major floor in the market, and the $85 level above is a major ceiling. As we are closer to the bottom than the top, I suspect that range bound traders will continue to look at each one of these dips as a potential trading opportunity.

Having said that, I don’t necessarily think that the market is going to take off and jump straight in the air, but at this point in time I also recognize that a little bit of sideways and back and forth trading makes a lot of sense.

USD/JPY

The US dollar has had a strong week against the Japanese yen, as we continue to see a lot of noisy behavior.

With that being the case, the ¥152 level looks to be a major area of importance, so if we can break above there, then the market could very well find itself looking toward the ¥155 level.

On the other hand, if we get some type of pullback, then I think you’ve got a situation where people will be looking for work value as the interest rate differential continues to favor the greenback.

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Experts predict that coffee prices on October 27, 10 in the domestic market may increase sharply due to the impact of the world coffee market.

The main reason is that the demand for coffee in the international market is increasing, pushing up prices. In addition, coffee production in some key growing areas is showing signs of decreasing due to unfavorable weather, limiting supply.

In the international market, the price increase of Robusta and Arabica coffee is expected to continue in the coming time. Futures contracts on the London and New York exchanges both recorded steady increases, indicating positive sentiment among traders and the recovery of the coffee market after a period of slight adjustment.

Recorded in the trading session on October 26, 10, domestic coffee prices today decreased by 2024 VND/kg, ranging from 1.200-108.400 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 108.800 VND/kg, the highest purchase price in Dak Nong province is 108.600 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 108.600 VND, down 1.200 VND/kg compared to yesterday, in Pleiku and La Grai the price is 108.500 VND/kg; In Kon Tum province, the price is 108.600 VND/kg, down 1.200 VND/kg compared to yesterday; In Dak Nong province, coffee is purchased at the highest price of 108.800 VND/kg, down 1.200 VND/kg compared to yesterday.

The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 108.400 VND/kg, down 1.200 VND/kg compared to yesterday.

Coffee prices today (October 26) in Dak Lak province; in Cu M’gar district, coffee was purchased at about 10 VND/kg, down 108.600 VND/kg, while in Ea H’leo district, Buon Ho town, it was purchased at the same price of 1.200 VND/kg.

Updated world coffee prices at 20:00 p.m. on August 26, 10, Vietnam time on the London exchange, the price of Robusta coffee futures contract for delivery in September 2024 on the London floor is at 11 USD/ton, an increase 2024 USD compared to the beginning of the trading session.

Coffee prices today, July 26, 10: Robusta coffee prices on the London floor. (Photo: Screenshot from giacaphe.com

Delivery term in November 1 is 2025 USD/ton, an increase of 4.411 USD; Delivery term in January 74 is 3 USD/ton, up 2025 USD and delivery term in March 4.323 is 57 USD/ton, up 5 USD.

Arabica coffee prices on the New York floor on October 26, 10. (Photo: Screenshot of giacaphe.com)

In particular, the price of Arabica coffee on the New York floor today at 20:00 p.m. on September 26, 10 increased in all terms, fluctuating at 2024 – 243.60 cents/lb.

Specifically, the delivery term in September 12 is 2024 cents/lb; increased 248.40 cents/lb compared to the beginning of the session. December 2.95 delivery is 3 cents/lb, an increase of 2025 cents/lb; The March 247.50 delivery period is 3.05 cents/lb, an increase of 5 cents/lb and the May 2025 delivery period is 246.15 cents/lb, an increase of 3.15 cents/lb.

Brazilian Arabica coffee price on October 26, 10. (Photo: Screenshot of giacaphe.com)

The price of Brazilian Arabica coffee today at 21:00 p.m. on October 26, 10 increased and decreased in opposite directions. Specifically, the delivery period for December 2024 is 12 USD/ton, down 2024%; the delivery period for March 300.10 is 0.22 USD/ton, down 3%; the delivery period for May 2025 is 300.00 USD/ton, up 0.37% and the delivery period for July 5 is 2025 USD/ton, up 301.40%.

Robusta coffee traded on ICE Futures Europe (London floor) opens at 16:00 and closes at 00:30 (the next day), Vietnam time.

Arabica coffee on the ICE Futures US floor (New York floor) opens at 16:15 p.m. and closes at 01:30 a.m. (the next day), Vietnam time.

Weather reports in Brazil continue to be positive across most coffee growing regions, with rainfall providing much-needed moisture after the dry winter months. Forecasters expect more rain next week, which should have a positive impact on flowering and preparation for Brazil’s 2025-2026 crop.

In Vietnam, Tropical Storm Trami is moving toward central Vietnam in the coming days after sweeping across the Philippines. The storm could bring heavy rains to parts of the world’s largest robusta coffee producer. It is too early to predict the impact on coffee growing areas, but heavy rains could disrupt ongoing harvesting activities, I&M Smith said.

The global coffee industry has been and continues to face many difficulties and challenges due to climate change which has greatly affected productivity, output and quality. Drought and heat waves have lasted from the beginning of the season, followed by storms at the end of the season.

In addition, geopolitical instability, war, local embargoes between Russia and Ukraine, Israel and the Gaza Strip, and many other places in the world with prolonged developments continue to impact the difficulties of the global economy in the medium and long term. Up to now, coffee prices have cooled down, but the market situation in the upcoming 2024-2025 crop year is still difficult to predict.

Information for reference only. Prices may vary depending on locality.