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Copper Prices Retreat From Two-Year High Of $10,208 A Ton Amid Cautious Chinese Demand
Article By:
Invezz
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Wednesday, May 1, 2024 5:53 AM EDT
Despite a brief surge that saw copper reach a two-year high of $10,208. Despite a brief surge that saw copper reach a two-year high of $10,208, prices dropped to $10,100.50. Investors remain bullish on copper's long-term demand prospects.
In this article: COPX
FX Daily: DXY Closing In On Year’s High Ahead Of Fed
Article By:
ING Economics
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Wednesday, May 1, 2024 3:48 AM EDT
The relentless stream of above-expected US inflation data continues. Yesterday it was the turn of the Employment Cost Index to surprise on the upside. Higher US rates have sent one measure of the trade-weighted dollar - the DXY - to the year’s high.
Softs Report - Tuesday, April 30
Article By:
Jack Scoville
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Tuesday, April 30, 2024 1:38 PM EDT
Cotton was a little higher yesterday in sideways trading. Demand remains a problem.
In this article: CANE
Gold And Silver Show The Way
Article By:
Przemyslaw Radomski, CFA
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Tuesday, April 30, 2024 10:33 AM EDT
Consolidations, pauses, and breathers are the same thing (their length differs) and they serve one purpose – to cool down people’s emotions and prepare them for the next moves.
Tuesday Talk: Market Stays Up Awaiting FOMC Meeting
Article By:
David Marshall
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Tuesday, April 30, 2024 5:09 AM EDT
The likelihood of any reduction in interest rates is low as the market awaits the commencement of the upcoming FOMC meeting. CME data shows that 97.3% of respondents believe that rates will stay the same.
Analytical Overview Of The Main Currency Pairs - Tuesday, April 30
Article By:
JustMarkets
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Tuesday, April 30, 2024 4:05 AM EDT
Consumer prices are expected to be unchanged from last month. In Germany, Europe's largest economy, the National Consumer Price Index was unchanged at 2.2% in April, slightly below forecasts of 2.3%. In addition, Spain's inflation rose to 3.3%,
Cocoa Crash Unfolds As "Liquidity Evaporates"
Article By:
Tyler Durden
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Monday, April 29, 2024 10:40 PM EDT
Cocoa futures in New York crashed Monday in their biggest daily drawdown on record, driven mostly by improved weather forecasts and sliding liquidity.
From Buzz To Bust: Cocoa's Rollercoaster Ride
Article By:
Tim Knight
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Monday, April 29, 2024 7:15 PM EDT
Just like lumber did a few years ago, Cocoa was thrust into the news for being so incredibly expensive. Once everyone was chattering about it, it cratered with a record fall.
Uranium Stocks Rise After White House Mulls Russian Import Ban
Article By:
Tyler Durden
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Monday, April 29, 2024 5:19 PM EDT
The nonpartisan Congressional Budget Office has estimated that a ban on Russian uranium imports could raise nuclear fuel costs by at least 13%.
Soybeans Commodity Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Monday, April 29, 2024 8:23 AM EDT
In the intricate dance of market movements, April has presented a mixed picture for Soybean prices. The month witnesses an intriguing unwinding of gains accrued in the first half, juxtaposed against a downward trajectory in the latter part.
In this article: SOYB
Gold Steadies As Silver Potentially Gears Up For Breakout Above $30
Article By:
Fawad Razaqzada
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Monday, April 29, 2024 8:10 AM EDT
Last week saw both gold and silver close lower as investors finally responded to the recent strength of the US dollar and reduced Fed rate cut bets amid hot inflation data.
Copper Market Commentary - Monday, April 29
Article By:
James Harte
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Monday, April 29, 2024 8:00 AM EDT
The rally in copper prices continues this week with copper futures breaking out to fresh highs for the year across early trading on Monday. The market has been on a tear this year with futures now up around 25% from the YTD lows.
In this article: COPX