Commodities such as oil, natural gas, gold, and others play a very important role in daily life. Let’s define the meaning of commodity; it is a raw material or agricultural products in commerce that is interchangeable with other commodities. This article will help to learn more about commodity markets and exchanges. It is important to …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURCAD The jumped high in the previous session, rising greatly above the 50-day moving average and creeping closer to the 200-day MA, which could serve as a resistance level for the pair to correct …
Daily Market Charts and Analysis February 04, 2020 Read More »
Commodity prices hit in China on Monday when the country reopened its exchanges after an extended Lunar New Year Holiday. Investors returned to markets restrained by fear over the impact the Coronavirus will have on-demand in the country. Chen Tong, an analyst with Tianjin-based First Futures, said that investors are leaving the market and seeking …
China’s Commodities Collapsed – Investors Leave the Market Read More »
Crude oil slipped amid the climbing death toll from the coronavirus in China. It dropped 0.71 percent to Rs 3,779, while gold grew 0.5 percent and silver 0.9 percent on MCX. Oil futures observed mixed trading on Wednesday, with US prices down after government data disclosed that domestic crude inventories posted a higher-than-expected weekly climb, …
Oil and gas companies are working to reduce greenhouse emissions. One of the major factors why the companies are willing to work harder to deal with such problems is the pressure from the investors. Several oil and gas giants such as Shell, Total and Repsol are the leading companies when it comes to green transformation. …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDJPY The pair is trading in the red now, falling steeply from its previous highs and breaking below both the 50-day and 200-day moving averages. The safe-haven appeal of the Japanese yen is apparently …
Daily Market Charts and Analysis January 30, 2020 Read More »
Coronavirus outburst in China pushed commodity markets lower. The number of cases has grown and spread not only in China but across the globe, which is causing concerns of lower demand growth. Prices are not stable, as the death toll rises in China. Jia Zheng, a portfolio manager at hedge fund Shanghai Minghong Investment Management …
Commodity Prices Continue to Fall by Coronavirus Fears Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDRUB The pair has gained further momentum to the upside in recent trading sessions, going farther above the 50-day moving average and effectively reversing the downtrend seen by the end of last year. According …
Daily Market Charts and Analysis January 28, 2020 Read More »
Coronavirus fears keep hammering the prices. Oil prices went down, with the benchmark US crude falling from $54.16 to $52.48 since the last week. From early October, the market hasn’t experienced such a breakdown in the price. The spread of a fatal virus in China raised investors’ worries about the global economy. Fears start growing …
Oil prices have dropped again Due to Epidemic Fears Read More »
Spanish black oil gained its first victory in the US court. That could help lift some tariffs imposed by Trump’s administration. US Federal Court of International Trade has emitted the resolution of the appeal about the elimination of taxes of 35% imposed on Spanish black olives, as The Spanish Association of Olive Exporters and Industrialists …
Spanish Olive Scores a Point Against Trump’s Tariffs Read More »
After the last few weeks of turbulence, investors are waiting for the UK Employment and Wage growth data to better assess the situation on the market. They hope that the document will contain valuable tips. Another lead indicator is also on the horizon. The German ZEW Survey for January will be attainable at almost the …
Investors Look Out for UK Employment and Wage Growth Data Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURBRL The pair will experience a pullback in coming sessions toward its 200 MA. Last week’s report for Brazilian Foreign Exchange Flows showed the real currency recovering from the recent outflow of foreign cash. …
Daily Market Charts and Analysis January 22, 2020 Read More »
The pneumonia virus outbreak in China, which has led to several deaths, caused its market to waver. The lunar new year is approaching, which usually means the cash influx. But due to the virus, analysts fear that the flow will reduce significantly, which in its stead will influence the market’s growth rate. Chinese stocks have …
Virus Outbreak in China Causes Risk-Off; UK Remains Stable Read More »
Despite the improvements between America and China’s relationship, the IMF still released a worrying forecast for the global economy. The International Monetary Fund’s latest projection caused the spotlight to turn towards gold in the market. Aside from gold, other safe-haven assets are also gaining in trading sessions. While both WTI crude and Brent oil prices …
IMF Forecast Raises Spot Gold Prices in the Market Read More »
Brent and WTI crude prices jumped on Monday in Asia amid the heating up in tensions among Mideastern countries. Concerns raged over output and export numbers. US Crude oil WTI futures gained 1.1% to $59.25. Meanwhile, International Brent oil futures soared 1.3% to $65.69. Sunday saw Iraq stopping output at an oilfield. This decision comes …
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