Category Archives: Market Call Update
Commodity Market News Update-20 July 2016
ALUMINIUM China Aluminum International Trading Co. (Chalco Trading) further cut aluminum prices in major markets today, marking its 6th consecutive day of cuts, it said on its WeChat. Five aluminum rod producers located near Inner Mongolia HMHJ Aluminum & Electricity Co. will shut down from July 21 due to incomplete environmental protection procedures ZINC Zinc
Market News Update-14 July 2016
Markets Stress Lowers After Theresa May Becomes UK Prime Minister Equities and currencies were positive as stress left market place. prime minister on Wednesday after being appointed by Queen Elizabeth shortly after the monarch accepted David Cameron’s resignation. The pound rebounded over the past two days and continued this morning in the Asian session gaining
4 Reasons To Swap Your Silver For Gold
Silver has been on a tear lately. The second tier metal is up over 25% since the beginning of June and 11% in the last 4 sessions since breaking above the April high. It has not been this high since August 2014. When stocks do this technical and momentum traders get excited. Higher highs beget
Commodity Gold & Crude Oil News Update-04 July 2016
UK ECONOMY According to the IMF, the UK accounted for roughly 2.4% of global GDP in 2015, down from about 4% in the early 1980s. This means that the slowdown in the UK will barely nudge the world’s large economies at all. For example, Goldman Sachs economists now estimate that the spillover effects on the
Oil prices dip on oversupply concerns
Oil prices fell in Asia today as supply outlook improved with both commodities hovering close to the key dollar 50 mark, worrying traders about producers coming back online. Crude dipped after two days of strong gains which saw the commodity soar past the benchmark that makes financial sense for producers to restart production. Prices had
Support for Remain Campaign Surges as Pound Soars
BREXIT Support for Remain Campaign Surges as Pound Soars The latest opinion polls in the UK referendum on membership of the European Union (EU) have shown a reverse in recent trends, as most respondents said they wish to stay in the EU. The Pros and Cons of Brexit The pros and cons of leaving the
