Forex | Forex Trading | Commodities

August 17th, 2010

Commodities Trading, Crude Oil Is Falling To 70

U.S. after last week’s interest rates meeting statement, the United States economy situation is not clear, double dip recession become a topic again aroused the market, coupled with China’s import and export figures and the United States to China’s poor trade performance, increased market pessimistic case, crude oil fell more than 6% in the week.

Looking at last Wednesday’s oil inventory figures released worrying, compared to five-year average 8.5% higher than the inventory, inventory remains in ten years’ high, the demand is at its peak, the number of gasoline inventory is still recorded increases, showing that U.S. consumer quite bad.

August 10th, 2010

Forex Market, US Dollar Index May Sharply Rebound

European Central Bank and the Bank of England decided last week to leave interest rates unchanged, in line with market expectations. This week will also be held at the Federal Reserve Board interest rate decision, expected interest rates will remain unchanged, the market hopes the Fed will roll out second round quantitative easing, but this factor is basically reflected in the past two weeks’ dollar price.

Forex Market US Dollar Index

August 3rd, 2010

Commodities Trading, Strong Demanding Push Crude Oil Futures Price To 82

Although the United States in the second quarter of business investment and exports have increased, but the proportion of total U.S. economy is consumer spending grew by only 1.6% quarterly growth slowed down significantly, so in the second quarter GDP rose only 2.4% in the first quarter of the economy growth from the initial value increased by 2.7%, revised up 3.7%. Recent U.S. economic data generally weak economic outlook arouses worries Fed officials to change some of the future monetary policy stance and attitude.

Inflation has been claimed to be the U.S. hard-liners St. Louis Fed President Bullard, in the past has been that the threat of inflation more than deflation in the United States, economic growth, but last Thursday was transferred to the status that the biggest threat to the U.S. economy is deflation, but pointed out that the U.S. Federal Reserve Board policy may make the United States into a “Japanese-style recession.”

July 30th, 2010

Forex Market, Euro Yen Cross Pair Rocking Up

Japan will be announced today, the Consumer Price Index in June, without any improvement in the economy, domestic demand and consumer sentiment is still very weak case, believe that the Japanese short-term difficulties are hard to get rid of deflation, consumer prices appear very likely that the tenth consecutive seven months down.

Yen strength over the past few months, although in general, but mainly caused by the debt crisis in Europe driven by risk aversion, not from the local economic recovery. Stress test results in the European banking industry recognition from all quarters after the debt crisis of the European market, the worries of slowing down, so the important factors to support the yen also rose sharply decline followed.

July 27th, 2010

Futures Trading, Copper Triangle Breaking Through

Ideal corporate performance, economic data is not expected deterioration of the cyclical commodity prices supporting role, especially in copper prices in the technical support form, breaking USD 7,000 while crude oil prices have also fueled by the threat of approaching hurricane 80 U.S. dollars.

Inventory increase or obstruction rally

Copper is more prominent product performance last week. China’s stock market rebounded from the lows the Shanghai Composite recovered 2,500 point barrier, greatly improve the atmosphere of the copper market, combined with economic data and the results better than expected, triggering the inflow of capital to risky assets, while copper prices also benefit. Another catalyst to stimulate the increase in copper prices, copper is the breakthrough success of the triangle formed by the shape starting in May, that copper prices after a successful breakthrough in attracting a large number of buying 6,700 U.S. dollars emerged as the main driver of prices.

According to an analysis of gold ratio from high to low of 6,037 dollars 8,043 dollars calculated, copper 50% of the adjusted rate is 7,040 / 50 U.S. dollars in the vicinity, and this is an important triangular shape of the resistance area, if successfully stabilized the upper end, be on the look around 7,200 dollars or 7,280 U.S. dollar level, but down at 6,800 dollars is important to support. Of course, the London Metal Exchange copper stocks rise on last Friday, there eventually rebound if the trend of rising copper prices will be greatly hampered, and the mainland A shares could continue upward move is likely to bring to the indicators of copper role.

650 cents on wheat strong

Agricultural prices are quite recent changes in wheat prices which have broken 10 on three-month high. Hot and dry weather in Europe, Russia and Ukraine caused a great impact on wheat production, the Russian wheat exports this year may also be reduced from last year’s 2,150 tons to 1,600 tons. Although the price of wheat technical overbought, but as long as still stand firm in the 570/580 cents area, should be strong near the expected 650 cents.

Cocoa prices rise to extremely volatile last week, due to the large number of the settlement have soared, but after the settlement is taking significant pressure. Cocoa prices fell in September to present the past two months, the bottom transverse area, another large drop is limited, short-term I believe a strong challenge to 3,040 to 3,080 dollars.

July 20th, 2010

Forex Market, Chinese Yuan with Long Term Edge

Chinese Yuan

Monday, rating agencies Moody’s lowered the credit rating of Ireland, the main consideration of the high government debt levels, weak economic growth, coupled with the high cost of the future reconstruction of the banking system and other factors, the euro fell to 1.285 level. On the other hand, IMF and the EU to suspend the credit assessment of Hungary, the Hungarian news led to sharp falls in currencies against the euro, the euro rebounded to stimulate short-term. Market investors are still waiting to see released this week five banks stress test results, the euro could be on short-term test 1.31 level. Although the euro zone’s economic prospects, but at present no significant pressure for further relaxation of ECB monetary policy, the euro bounced up still possible.

July 19th, 2010

Commodities Trading, Wheat Futures Price Ready To Rock

Oil prices opened last week to close 76 U.S. dollars are able to stand, is a good sign, last Friday the United States recently announced the unsatisfactory financial performance has not been dragged down share prices. Gold fell 15 dollars last week, had twice tested under 1,186 dollars, but apparently shows support.

I recommend a few weeks ago, corn and soybean futures, both very impressive performance. wheat is the best performance last week, wheat futures in early July and 470 U.S. cents from last week, surged to the highest level of close to 600 cents, an increase of 30% last week alone, rose 9%, the performance of the best cereal category.

Stimulate the price of European drought

The catalyst for the recent increase in global wheat prices soaring in Europe, including France and Russia, there were heat waves and drought, have the opportunity to need to import wheat to other countries, resulting in very tight spot prices.

From the position analysis of these figures shows that the situation has short positions before the convergence, non-commercial short positions in the past week fell sharply to 54,000 sheets 36,500 sheets, while the total volume of 39% of index trading, its long position rose to 215,407 sheets.

Technical analysis, the wheat now in overbought territory, have the opportunity to open this week on profit situation. Investors may pay attention to the important support of 530 U.S. cents for the position, it is recommended to be adjusted again to absorb.

July 14th, 2010

Forex Market, Canadian Dollar Benefited By Interest Rate heading 1

Debt crisis, the euro has not stepped out of the haze in Europe yesterday, Moody’s lowered to A1 level of Portugal, dragging down the euro, and the more recent trend is far behind other commodity currencies, expected downside risk will gradually increase. In contrast, the Canadian dollar has a tendency to catch up from behind, the performance is beginning to outperform the Australian and New Zealand dollars. Last Friday Canada announced the unemployment rate fell to 7.9%, employment surged nearly 10 million people. Strong recovery in the employment market, suggesting the pace will accelerate local economic growth, the market looking forward to Canada on the 20th of this month have the opportunity to raise interest rates, the Canadian dollar is expected to be benefit.