Market Overview

19 October 2021 13:14

Mark Goichmann

Cooper, an industrial metal of high-demand, is receiving multiple upside signals. The metal rose by 11% from $9400 to $10,400 per ton on the London Metals Exchange on October 13-19. Also, an important $10,000 resistance was easily broken as the trend is currently pointing towards $10,800 per ton. There are many reasons for this rally. The demand rose dramatically as global economies are recovering. But the supply is struggling as fuel prices peaked to record highs, pushing energy prices above all expectations.
8 October 2021 08:25

Mark Goichmann

Gold has been acting more like an alternative to the Dollar rather than a safe haven asset this year, and now it is acting more like risky assets. Such a transformation is due to the unprecedented stimulus package from the U.S. Federal Reserve (Fed). The fact that there is more money in the market at a time when interest rates are low, creates a situation in which gold prices are being pushed up as part of this money is being used to buy gold assets. While gold is acting more like a risky asset, the U.S. Dollar may be seen to be acting like a safe haven asset.
1 October 2021 16:16

Mark Goichmann

Global economic growth faced a serious sudden throttle with contradictory consequences, as high energy prices were globally boosting inflation. Logically, low inflation was a serious problem for economic growth in preCOVID-19 years, meaning low consumer and investment demand hampered economic growth. Unprecedented monetary injections from the world’s major central banks, of which the Federal Reserve was among the first to take action, reversed this trend to a large extent and bailed countries out of economic turmoil.
24 September 2021 08:08

Mark Goichmann

This Thursday, September 23rd, the Bank of England (BoE) joined a relay race after the U.S. Federal Reserve (Fed) had made its move towards monetary tightening. The U.S. monetary policymaker clearly indicated that it is going to taper quantitative easing before the end of this year. The BoE did not point to any additional monetary stimulus measures in its statement, as it kept its interest rate unchanged at 0.1% together with the 895 –billion-pound ($1.23 billion) bond purchase program.
7 September 2021 16:04

Mark Goichmann

Silver is a metal that is primarily used for manufacturing and less as a precious metal. It is used in high-technological processes thanks to its high conductivity, in manufacturing solar cell batteries and electric vehicles. So, the demand and the price of silver is directly linked to the business activity worldwide. The latter is highly dependent on the spread of Delta variant and the Federal Reserve’s (Fed) stimulus measures perspectives. Such attributes distinguished silver price movements at the beginning of this week.
1 September 2021 10:42

Mark Goichmann

Platinum prices are moving along with the Dollar-denominated assets against the Greenback this week. The U.S. Dollar fell under pressure after Federal Reserve (Fed) Chairman Jerome Powell last Friday reiterated his commitment to easy money with vast monetary injections into economy. The decline of the Dollar was immediately used by alternative assets to make an upside jump in prices, including platinum. It rose from $975 per ounce on August 27 to above $1011 on the last summer day, and now is trading slightly above $1007 per ounce.
27 August 2021 09:23

Mark Goichmann

The paramount intrigue of the week is the results of the Jackson Hole conference run by the Federal Reserve (Fed) and the statement of its Chairman Jerome Powell that is going to take place on Friday. Financial markets are desperately waiting for the major Fed policymaker to announce further perspectives surrounding the monetary policy. However, the Fed is in awkward situation as, on the one hand, it has clear signs of economic recovery with 6.6% GDP up in the second quarter of 2021, and above 6.4% in the first quarter of this year, together with the first estimate of Q2 GDP growth being 6.5%.
5 August 2021 11:49

Mark Goichmann

The middle of this week, was expected to  bring about high volatility in the markets suddenly. But the truth of the matter is that it is showing extreme fragility and uncertainty with price movements and factors affecting it. Investors are trying to tune into any kind of signals that would reflect the policy of the Federal Reserve (Fed). In fact, markets are picking up some signals that were considered with low relevance before. Summer complacency was suddenly interrupted by worse July unemployment data compiled by ADP.
30 July 2021 13:52

Mark Goichmann

The British Pound is among the most prominent currencies that are seen to be benefiting from the U.S. Dollar weakness in the end of July. And, there are several drivers that seem to be pushing the Pound upside. The U.S. Dollar is consciously being pressured by the Federal Reserve (Fed) with its loose monetary policy. The Fed and its Chair Jerome Powell reconfirmed recently its commitment to continue quantitative easing policy with pumping as much as $120 billion each month for an uncertain period of time.
23 July 2021 10:41

Mark Goichmann

Platinum prices have been performing a downside movement since mid-July as they fell from $1146 per troy ounce to $1054, or by almost 8%. Platinum went under a global sell off of risky assets used for the production of other items – crude, stocks, metals, etc. fell victim to negative market sentiment as new, more contagious and deadly COVID-19 Delta and other strains spread around the globe. Besides, signals of possible early tapering of monetary stimulus in the United States due to the rise in inflation levels are seen to be much more visible recently.
Market Focus

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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