commodities

US Elections: Trump wins! What's next for markets?

Wed, 06 Nov 2024 11:13:32 +0000

US Elections: Trump wins! What's next for markets? Lukman.Otunuga… Wed, 11/06/2024 - 13:13

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America has chosen Donald Trump as its 47th president! Assets tied to the “Trump trade” rallied during the Asian session after Trump took an early lead with his victory keeping bulls in the game.

FXTM’s Corn: Lingers near 3-month low

Tue, 25 Jun 2024 11:11:55 +0000

Corn ↓ 9% since start of 2024

Bearish on H1 but RSI near oversold

Technical levels – 432.00 and 423.40

Possible breakout on horizon?

Markets remain edgy ahead of a week Read More

Gold gains, but lags 5 other FXTM commodities

Wed, 19 Jun 2024 08:24:54 +0000

Gold gains, but lags 5 other FXTM commodities han.tan@FXTM CY CA Wed, 06/19/2024 - 11:24

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Gold is edging higher today, but its year-to-date ascent has stalled in recent months. We use this lull to look across FXTM’s product offerings to see which commodities have registered bigger gains so far this year compared to the more illustrious bullion.

FXTM’s Sugar: Hits 3-week high

Tue, 04 Jun 2024 12:13:50 +0000

Sugar ↑ almost 3% month-to-date

Roughly 25% away from 2024 high

H1 prices bullish but RSI overbought

Technical levels – 19.08, 18.90 and 18.50

Check this out, FXTM’s new Sugar commodity has just touched a fresh three-week high! Read More

FXTM’s Soybean: On breakout watch

Tue, 14 May 2024 12:15:34 +0000

Soybean ↑ 5% month-to-date

Influenced by various fundamentals

Trapped in range on W1 timeframe

Breakout on the horizon?

Key levels at 1211, 1188, 1170

After bouncing within a weekly range since mid- Read More

New FXTM commodity hits all-time high!

Tue, 16 Apr 2024 08:47:29 +0000

New FXTM commodity hits all-time high! Lukman.Otunuga… Tue, 04/16/2024 - 11:47

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This week, FXTM launched 10 new commodities! And Cocoa has certainly hijacked our attention, jumping to a fresh all-time high on Monday.

Mid-Week Technical Outlook: Commodities & Indices

Wed, 25 Oct 2023 09:54:57 +0000

Crude falls below 50-day SMA
Brent wobbles above $88
SPX500_m slips below 200-day SMA
NQ100_m back within range

Asian markets rose on Wednesday after Chinese authorities approved a whopping 1 trillion yuan in government bonds to support its economy.

In Europe, shares slipped despite the positive mood from Asia as investors focused on a slew of mixed earnings Read More

2023 Outlook: Is the worst behind us?

Tue, 03 Jan 2023 05:53:23 +0000

As we emerge out of a rough year dominated by soaring inflation, slowing global growth, heightened geopolitical risks and Covid-19, the early part of 2023 looks like it could be more of the same story.

Financial markets were hit by negative market themes in 2022, with the S&P 500 shedding almost 20%. We also witnessed the dollar experience a sharp change of fortune during the fourth quarter after dominating the FX space for most of the year. Even cryptocurrencies were treated without mercy, including Bitcoin which Read More

Nine commodities you might not know you can trade

Fri, 17 May 2024 09:16:56 +0000

The exciting world of trading isn't limited to forex, stocks, and precious metals. There are several other commodities available that offer unique trading opportunities. Meet the soft commodities.

Whether it's your morning coffee or the sweetener in your afternoon treat, soft commodities are everyday goods that fuel the global economy and, potentially, your portfolio too.

So, with that in mind, let’s reveal nine lesser-known soft commodities that can help diversify, and grow, Read More

3 reasons why the US dollar is climbing

Thu, 24 Mar 2022 12:22:48 +0000

3 reasons why the US dollar is climbing Vladimir.Bukre… Thu, 03/24/2022 - 14:22

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The US dollar a.k.a. the greenback a.k.a. the ‘buck’ has firmed its grip as ‘king of the FX world’ so far this year.

The benchmark dollar index (DXY), which measures how the USD has performed against a basket of major peers such as the euro, pound, and yen, has climbed by more than 3.3% so far in 2022 and is trading around its highest levels since May 2020.