Quick Look Cocoa prices hit a record high of $6,884 per metric ton, a 150% increase from last year. Hershey’s experiences a sales dip and profit squeeze due to rising cocoa costs and consumer resistance to price hikes. Industry-wide markup declines signal a shift in pricing power back to consumers. Global cocoa production faces a …
Cocoa Prices Skyrocket 150%: Industry at a Crossroads Read More »
Avis et Test de AutoTradeGuru Broker Recenzja brokera AutoTradeGuru Revizuirea brokerului AutoTradeGuru Welcome to the dynamic world of Forex trading with AutoTradeGuru, a company that has quickly become synonymous with excellence and innovation in financial markets. From its inception, AutoTradeGuru has been driven by a vision to democratise success in trading. The end goal is …
Quick Look USD/CAD closed at 1.3484, slightly above its opening price, amidst a fluctuating oil market. WTI oil was priced at $78.51, and gold stood at $2176.72, reflecting commodity market movements. The US inflation report showed an unexpected rise, with February’s CPI at 3.2% YoY. The USD/CAD faces pressure due to trade status changes and …
Quick Look The latest cancellation involves 264,000 metric tons of U.S. soft red winter wheat, marking the third in recent days. Wheat prices have been falling, with soft red winter grain futures reaching a low not seen since August 2020. Strong competition, especially from Russia, and improved U.S. crop conditions contribute to the market dynamics. …
Wheat Sales to China Halted: Prices Tumble to 2020 Low Read More »
Quick Look MicroStrategy’s Bitcoin holdings soar to a valuation of nearly $15 billion with the addition of 12,000 tokens. The firm’s aggressive investment strategy in the first quarter of 2024 surpasses $1 billion in Bitcoin purchases. Bitcoin’s market capitalization crosses $1.4 trillion, ranking it the world’s eighth most valuable asset. Michael Saylor champions Bitcoin over …
MicroStrategy’s $15B Bitcoin Boost: A Strategic Triumph Read More »
Quick Look AUD/USD is currently above 0.6800, showcasing a strong position. Powell’s testimony hinted at potential interest rate cuts that could bolster the AUD/USD pair. Trade data indicates robust exports, contributing to the boost in the Australian dollar. High gold prices support the currency’s appreciation. Technical analysis suggests a cautious outlook with the potential for …
2024 AUD/USD: Rebounds Above 0.6800 Amid Trade Strength Read More »
Quick Look May London Cocoa hits 5,620 pounds a ton, then drops 1.1%. May New York Cocoa falls 1.2% from a record high. Industry braces for a fourth consecutive cocoa supply deficit. Lindt & Spruengli to hike prices amid rising costs. ICCO forecasts a widening deficit; global cocoa output to decline. Venezuelan cocoa finds new …
Cocoa Crisis: Prices Swing Amid 374K MT Deficit Forecast Read More »
Quick Look Gold (XAU) prices slightly declined to $2,081.11 per ounce, staying close to a two-month peak. Last week’s approximately $50 surge hinted at softer inflation and potential interest rate cuts. The market anticipates a Federal Reserve rate cut in June, with probabilities increasing to 74%. Gold’s outlook remains bullish, with a keen eye on …
Gold Hits $2,081, Eyes Record Highs Amid Fed Speculations Read More »
Quick Look Upcoming speeches from FOMC members and the Fed Vice Chair could sway market sentiments. Key economic data releases from the US and Canada, including employment figures and PMI reports, are set to influence the USD/CAD pair. BOC is expected to hold the interest rate steady at 5.0% amidst global economic cues. Technical analysis …
Quick Look USD/CAD trades sideways around 1.3570 amidst mixed economic signals. Key resistance at 1.3608; breakout could target 1.3655 and 1.3700. The market is eyeing upcoming US Core PCE and Canadian GDP data for directional cues. Lower crude oil prices and recent GDP figures influence market sentiment. Technical indicators suggest upward momentum, with the pair …
Quick Look LME Nickel prices increased by 0.5% to $17,685 per metric ton, with an 8.7% monthly gain. SHFE May Nickel Contract rose 1.6% to 137,530 yuan ($19,115.46), marking a 7.6% monthly increase. Supply concerns in Indonesia and Russia, alongside speculation of sanctions, have contributed to price volatility. Comparative analysis shows mixed performance across base …
Nickel Prices Surge 8.7% Amidst Global Supply Fears Read More »
Quick Look Copper treatment charges in China hit a low of US$19.8/ton, the lowest since 2013, indicating smelting overcapacity. China’s refined metal output reached a record high in December, driven by demand from the green energy sector. Annual contracts for copper treatment are set at US$80/ton for 2024, marking a 9% year-on-year decline. LME copper …
Quick Look Bangladesh sees price increases in essentials despite government efforts to reduce import duties. Prime Minister of Bangladesh blames hoarding for price hikes; market trends show significant increases in onion, sugar, and beef prices. Indonesia’s Bulog confirms ample rice stocks; government launches Cheap Food Movement to combat rising rice prices. Both countries face challenges …
Essential Food Prices Surge Ahead of Ramadan in Indonesia Read More »
Quick Look Brent crude futures dipped to $81.48 a barrel, while U.S. WTI crude dropped to $76.27. A stronger dollar contributed to the fall in oil prices, making oil more costly for other currency holders. Market sentiment is affected by expectations of sustained high U.S. interest rates, impacting fuel demand growth. Geopolitical tensions and supply …
Oil Dips to $76.27 Amid Dollar Strength and Rate Fears Read More »
Quick Look The S&P Global composite index indicates a slight economic expansion in February, with manufacturing output at a ten-month high. GDP growth is projected at 2% annually, signalling continued economic expansion. Fed officials highlight optimism and caution, pointing to geopolitical risks and inflation concerns. Mortgage rates have reached a new high since mid-December, potentially …
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