Bitcoin extended its advances after breaching above the $30,000 threshold, which some cryptocurrency traders regard as a critical support level. In New York on Wednesday, the largest digital currency had risen as high as 5.8 per cent and was trading at $31,450. Other cryptocurrencies, such as Ether and Dogecoin, increased, as did the Bloomberg Galaxy …
With many countries fighting with the worsening epidemic as the number of coronavirus cases proceeds to climb over the globe. A commodity boom has developed amid the chaos. The causes for this rally are disturbances in the supply chains worldwide and pent-up demand for some commodities. This is according to speaks OCBC Bank’s economist Howie …
Copper prices slipped on Monday on concerns that top metals consumer China desires to put a lid on rising commodity prices to manage off potential inflation. Concern regarding wavering demand and increasing copper inventories also showed on the market. Benchmark copper on the London Metal Exchange (LME) had declined 0.9% to $8,845 a tonne by …
Chinese fears of commodities price caps decrease copper Read More »
A furious rally in copper has sent it over $9,000 a tonne for the first time after 2011. Following a dramatic recovery, Brent crude on Tuesday briefly passed $66 a barrel, the level at which it began a turbulent 2020. Corn is up nearly 17 percent since the beginning of 2021 to an almost eight-year …
Worries Over Overshoot Raised By Commodities Prices Read More »
Copper prices increased for the fifth straight session on Wednesday, to their highest levels since January. Steady demand and a better technical scenario supported the metal. Over three 3 months, copper, on the London Metal Exchange (LME), gained 2.1% at $5,893 a tonne, after earlier climbing to $5,913.50, its highest since January 24. Ole Hansen, …
Analysts forecast global copper demand to fall by 5.4% to 22.625 million tonnes this year. This is according to the International Wrought Copper Council. However, they also expect it to bounce back by 4.4% to 23.625 million tonnes next year. This year showed a drop in supply-side too, which is also going to rebound strongly …
Silver prices started to increase after Friday’s breakout session. Phillip Streible, a chief market strategist at Blue Line Futures, said that the demand for the metal has increased while the supply has dropped. These conditions are likely to continue to push silver rates higher. May silver prices settled at $17.51 an ounce. Since late February, …
Supply crisis pushing the silver price to 3-month high Read More »
Rising tensions between the Us and China over the coronavirus weakened risk sentiment. Reuters reported that growing unease at the gulf between asset prices and gloomy economic reality turned investors cautions. Mike Pompeo, the US secretary of the state, said that a significant amount of evidence exists uncovering that the coronavirus developed from a Chinese …
US-China tensions affect Gold; Traders remain cautious 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 »
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 »
Saxo Bank posted a month-on-month drop for FOREX, commodities, fixed income, and equities trading volumes. The drop puts the broker in the list of firms slowing down as US-China tensions rise again. FOREX trading measured lower against the previous month by 23.9% at $107.4 billion against last month at $141.2 billion. The slump represents the …
Broker Slowdown List Grows in November | Wibest Broker Read More »
The best providers in trading industries compete in the London Summit every year, and this year is no different. The London Summit ended at the annual Awards Ceremony at the Old Billingsgate. This year’s voting process was cut into two stages featuring twelve distinct categories. The Summit’s 3,000 attendees voted on a narrowed shortlist last …
London Summit 2019 Takes Center Stage | Wibest Broker Read More »
BinckBank is a Dutch stock-brokerage. It offers an online trading platform to trade financial assets. The company was founded in 2000. The company was mostly dealing with the professional broker market and banks. In October, of the same year, it opened a new retail branch. Afterward, in 2019 Saxo Banks bought the company. Recently, Saxo …
New Investment Opportunities for deportees in Spain Read More »
On Tuesday, petroleum products prices traded lower. It was after concerns over a weakening global economy offset expectation that OPEC would be able to cut supply enough to support prices. New York-traded West Texas Intermediate crude futures declined 45 cents, or 0.8%, to $54.48 a barrel. Meanwhile Brent crude futures, the benchmark for petroleum products prices outside the …
Petroleum Price Plunges Over A Weakening Global Economy Read More »
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