Wed, June 19, 2024

Oil trading

commodity

Commodity Trading: Leveraging Margin for 100%+ Gains

One significant benefit of commodity trading is the ability to use leverage. Commodity futures contracts typically require a margin deposit of only a fraction of the contract’s total value, usually around 10%. For instance, trading an S&P 500 Index futures contract necessitates a slightly exceeding £20,000 margin deposit. If the Index increases by 20%, the …

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The Russian Central Bank Dropped Interest Rate To 17%

Russian Economy Grows by 3.2% Despite Sanctions in 2024

Quick Look: Russia’s GDP is set to grow by 3.2% in 2024, with inflation rates exceeding 7%. Despite sanctions, Russia has diversified its economic partnerships, focusing on the East and the Global South. Russia has redirected oil exports to China and India, bypassing Western price caps. Gazprom faces significant financial setbacks, with a loss of …

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Wibest – Grain Market: Soybeans

Grain Markets Show Mixed Sentiments, Soybeans Drop to $11.20

Quick Look: Mixed Signals: Corn and soybeans struggle, and wheat and hogs face downward pressure. Soybean Prices Fall: Soybeans continue a six-day decline, and July closes at $11.77 1/4. Export Projections: US soybean exports are expected between 175,000 and 600,000 tonnes. High Oleic Soybeans: Interest grows among dairy farms for cost and feed efficiency. Nutritional …

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The role of OPEC in the modern world

OPEC+ Extends Cuts to 2025: 3.9M Barrels/Day Reduced

Quick Look: OPEC+ extends crude production cuts to 2025, with significant reductions to stabilize market prices. Unity was emphasized at the June 2 meeting in Riyadh; next meeting scheduled for December 1. Varied demand forecasts, with OPEC predicting a 2.25 million barrels/day increase and IEA predicting 1.06 million barrels/day. The Organisation of the Petroleum Exporting …

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Inmates Using VR to Reintegrate in Society After Release

Quick Look: Tiffany Busch uses VR to learn auto skills before her June release, boosting her readiness for life post-incarceration. This organization provides VR-based auto technician training to help former inmates secure jobs and reduce recidivism. Collaborated with Vehicles for Change to create immersive VR training, leveraging tech from US Air Force programs. Tiffany Joseph …

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Bank of Israel Indicates More Interest Rate Hikes Ahead

Israel’s Economy Faces 2.8% Contraction Amid Rising Inflation

Quick Look: Geopolitical instability has depreciated the shekel and strained key industries like construction and air travel. Due to high government spending, inflation has reached the upper limit of the Bank of Israel’s 1%-3% target. With ongoing fiscal challenges, wartime expenditures have driven the budget deficit to 7% of GDP. The economy is moving toward …

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soybean

Commodity Futures Mixed: Soybean Gains, Wheat Up 7%

Quick Look: Despite weekly volatility, strong demand and tight supplies pushed July soybeans to $12.48 per bushel. Global crop issues, especially in Russia and Ukraine, drove a 7% weekly increase in wheat futures. July corn futures slightly increased to $4.64¾ per bushel, influenced by planting progress and soybean market weakness. Soybeans remained lower post-holiday, with …

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Economy and tensions - iran

Iran’s Budget Deficit Doubles Under Raisi’s Leadership

Quick Look: Under President Raisi, Iran’s government budget deficit has significantly worsened, with debts to the banking system doubling. Iran’s inflation has reached historic highs. The annual inflation rate for 2024 peaking at 52.3%, severely affecting the cost of living. Essential goods and services have seen drastic price increases, with a 291% rise in gold …

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The Greenback: A pile of Canadian dollar bills.

Canadian Dollar Moves Higher Ahead Of The Weekend

Quick Look: The Canadian Dollar gains as USD/CAD tests key support at 1.2650. Mixed U.S. data with Personal Income up 0.2%, Spending up 0.8%, and PMI down to 60.7 in September. WTI oil prices are volatile between $74-$76 per barrel, influenced by OPEC+ production speculation. The Canadian Dollar has shown strength on weekends, with USD/CAD …

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Oil prices and geopolitical risks, crude

Crude Oil Prices Drop: WTI at $77.57, Brent at $81.90

Quick Look: WTI fell by $1.09 to $77.57/barrel; Brent dropped by $0.98 to $81.90/barrel. The Federal Reserve’s hawkish stance on future rate hikes pressured oil prices downward. Rising gasoline demand and unexpected crude inventory data provided conflicting market influences. Crude oil prices saw significant declines recently, influenced by the Federal Reserve’s hawkish policy stance. West …

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oil prices concept crude oil spilling out of a contianer, qatar

Qatar’s 2024 Economic Outlook: GDP to Rise by 1.75%

Quick Look: Qatar projected at 1.3% for 2023, rising to 1.75% for 2024 and 2025, with medium-term growth expected at 4.5%. Key drivers include non-hydrocarbon sector growth and public investments, especially in tourism and LNG projects. Launching in January 2024, aims to diversify the economy, boost productivity, and enhance climate sustainability. Qatar’s economic landscape is …

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The copper price hasn't been so low for the last four years

Copper Hits Record High of $11,000 per Ton

Quick Look: Copper prices hit a record $11,000 per ton in 2024 due to supply concerns and speculative bets. Copper prices increased by 25% in early 2024, driven by speculative investments and supply shortage forecasts. Tightening supply and increased demand from green industries and AI spurred price hikes. In 2024, the copper market experienced an …

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