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Special Report – Metal prices come under fire from Trump tariffs; Aussie also feels the pressure

Posted on March 22, 2018 at 1:34 pm GMT

After an impressive two-year rally, industrial metal prices have been having a stormier time in 2018, being first swept over by the market turbulence caused by the sell-off in global equities and bonds, then by the announcement by US President Donald Trump that he is imposing tariffs on US imports of steel and aluminium. Commodity-linked currencies such as the Australian dollar have also been pulled lower by the market volatility and subsequent rise in risk aversion. However, despite an international [..]

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Special Report – Commodities end 2017 on strong note; set for a comeback in 2018

Posted on January 4, 2018 at 10:38 am GMT

Commodity prices had a mixed start to 2017, with the S&P Goldman Sachs Commodity Index (S&P GSCI) falling by 15% at its low point in June, driven down mainly by the decline in oil prices.  However, as the OPEC-led output restrictions started to bite, crude oil prices turned higher, with a strong performance in the fourth quarter. Industrial metals also had an impressive run in 2017, particularly copper and aluminium. Going into 2018, most investors are bullish about commodities, especially [..]

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Forex Market Review (European Session) – Pound jumps after BoE signals rate hike; dollar also up on strong US inflation

Posted on September 14, 2017 at 1:27 pm GMT

Central bank meetings dominated today’s European session, while US CPI was the main data in focus. The pound soared to a fresh one-year high against the dollar after the Bank of England signalled rates could go up within months. The US dollar also shined as the greenback was lifted by stronger-than-expected inflation data. In contrast, the Swiss franc ended up as one of the worst performers after the Swiss National Bank slightly altered its view on the Swissie’s value. The [..]

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Technical Analysis – Copper very bullish at 3-year high but overbought

Posted on September 4, 2017 at 3:25 pm GMT

Copper futures (December 2017 contract) hit a three-year high of 3.1665 today as the commodity extended its 4-month long bull run. The rally has reinforced the bullish medium-term outlook that has been in place since November 2016, which had weakened while prices consolidated during the early part of the year. The short-term bias remains strongly bullish according to the momentum indicators, but with both the RSI and the stochastics in overbought territory, the risk of a near-term correction is high. [..]

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