Commodities

China’s imports of major commodities have made a strong start to the new year. However, caution is needed due to the potential influence of the Lunar New Year holidays, which fall entirely in February this year. This could have boosted imports of crude oil, liquefied natural gas (LNG), thermal coal, …

As China prepares for the Lunar New Year holiday, the mood is generally positive, with state media expressing optimism. However, there is growing discontent and hopelessness among the population, who are feeling battered by months of economic uncertainty, falling employment, and a warning housing crisis. The Chinese government’s attempts to …

Gold Prices Hover as Investors Await Clarity on Fed’s Stance In the European trading session on Tuesday, Gold prices (XAU/USD) exhibit a lack of decisive movement, ensnared within a tight range, as market participants eagerly await key insights from Federal Reserve (Fed) officials regarding their outlook on interest rates. The …

On February 6, Japanese automaker Toyota Motors revised its operating profit forecast for the fiscal year upwards by approximately 9%, following better-than-expected profits in the third quarter. The company’s success was attributed to a weakened yen and robust sales of high-margin cars and hybrid vehicles. Key Points: Profit Forecast Increase: …

Stronger US fundamentals as well as Powell’s hawkish tone over the weekend were more than enough to propel the US dollar to new yearly highs and place the risk-associated universe under increased pressure at the start of a new trading week.The US dollar surged to fresh yearly highs well above …

Oil prices climbed by nearly a dollar per barrel on Monday, on concerns that Middle Eastern tensions and Russia’s escalating invasion of Ukraine could limit world supplies.Brent crude prices closed at $78.22 per barrel, up 66 cents (0.9%), while US West Texas Intermediate crude futures settled at $72.78 per barrel, …

On Monday, gold prices experienced a decline as the dollar strengthened, and U.S. Treasury bond yields rose following a robust jobs report. The data indicated a strong performance in the job sector, dampening expectations of an imminent interest rate cut by the Federal Reserve. Gold Price Movements Spot Gold Drops …

In the early hours of Monday’s Asian trading session, oil prices steadied following significant declines last week. The market’s focus remained on ongoing attempts to negotiate a ceasefire agreement in the Gaza Strip. Despite these diplomatic efforts, the United States has signaled its intention to carry out additional attacks on …

The past week proved to be a rollercoaster for global financial markets, dominated by pivotal events that shaped the economic landscape. From the Evergrande saga to pivotal interest rate decisions and robust US job data, here’s a comprehensive breakdown of the week that was. American Interest – The Fed’s Pause …

Gold is -0.85% down, trading around $2037 per ounce at the time of writing, obviously impacted by the rallying US dollar following surprise NFP reading on Friday.European equities gained after the US Nonfarm Payrolls reached a one-year high, pushing investors further away from rate cut expectations. The pan-European STOXX600 index …