Market Overview

31 January 2023 16:36

Mark Goichmann

Gold has lost its function as a safe haven asset over the course of recent years as its prices have been seen to move in the same patterns as typical risky asset from the start of the pandemic and the beginning of the vast monetary stimulus delivered by major central banks and governments, and foremost by the Federal Reserve (Fed). Cheap money at almost zero rates amplified by stimulus programs mostly affected industrial and energy assets while undermining the low-yield Dollar-denominated debt. Investors were therefore seeking higher returns from other assets, including gold.
24 January 2023 16:11

Mark Goichmann

Wheat prices usually move in correlation with energy markets as they have many drivers in common. Wheat is a risky asset which is sensitive to the overall risk appetite in the markets and borrowing costs. Wheat prices peaked at $1348 per 100 bushels in February 2022 amid geopolitical tensions, an energy crisis, and blistering inflation. Such high price levels have not been seen since 2008. A war between major wheat producers in Russia and Ukraine greatly contributed to the market rally as wheat production declined and Black Sea export routes were disrupted.
17 January 2023 10:24

Mark Goichmann

Gas prices in Europe continue to fall this week to extend a downward trend that started in December 2022 when Dutch TTF Gas Futures touched 150 Euro per MWh. By January 17, prices of March futures dropped to 53.605 Euro per MWh. This level is below the 52-week low and may signal a further decline of gas prices. This year gas futures started at 79.4 Euro per MWh and quickly dropped down. The reason for this  drop is primarily the deteriorating demand for gas in Europe.
13 January 2023 07:48

Mark Goichmann

The Chinese Yuan or the Renminbi, as it is otherwise known, is gaining strength against a weakening U.S. Dollar like most of the other world currencies. In this case the Dollar sets the tune as the U.S. Dollar index declined to 102.9 points from 104.9 points at the beginning of January, or by 2%. USD/CNY also dropped by 2% from 6.90 to 6.77 by January 12. The Greenback is weakening mostly on expectations of mild monetary policy moves by the Federal Reserve (Fed), and generally amid a more optimistic sentiment in the market.
27 December 2022 11:35

Mark Goichmann

The Japanese Yen is declining against the U.S. Dollar, as the USD/JPY rose from 130.6 lows on December 20 to 133 on December 27. The pair is rising despite the Dollar being weaker against most of the other major currencies. The U.S. Dollar index fell from 104.4 to 103.6 points over the same period. So why is this happening and what are real reasons behind the battering of the Yen? The Bank of Japan (BoJ) greatly surprised markets with its controversial decision on December 20 when it left its interest rates stable.
20 December 2022 13:06

Mark Goichmann

Markets have been moving in a paradoxical manner over the last couple of days despite the slowing down of inflation. The Consumer Price Index (CPI) was down to 7.1% in November after 7.7% in October. But any expectations that the Federal Reserve (Fed) would ease its hawkish monetary policy remain wishful thinking. Further tightening may seem excessive as inflation is going down on its own, while the economy is further discouraged by rising borrowing costs along with the recession risks that make such a mood inevitable.
13 December 2022 11:21

Mark Goichmann

November inflation data to be released on Tuesday and the Federal Reserve’s (Fed) decision on interest rates to be announced on Wednesday are unlikely to change the global upside trend for the U.S. Dollar and a downside perspective for stocks. The Consumer Price Index (CPI) is expected to decline further to 7.3% year-on-year in November against 7.7% a month before. From its side the Fed is expected to raise its interest rate only by 50 basis points to 4.5% instead of the 75 basis points hikes performed the last four previous times.
8 December 2022 11:41

Mark Goichmann

The Brazilian currency, Real, was seen to be mostly uncertain about its trading this year as it was moving within a wide range from 5.60 at the beginning of 2022 to 4.60 in April.. But since June the Real has been trading steadily against the U.S. Dollar in a narrow range of 5.02-5.51 that has become even more narrower to reach 5.16-5.28 at the end of November. The major point here is that the Real is successfully challenging the U.S. Dollar amid wide fluctuations of the Greenback against other reserve currencies.
30 November 2022 08:41

Mark Goichmann

Until now the month of November has generally been a positive one for the British Pound, as it rose from 1.11 to 1.21 to the U.S. Dollar throughout this month. This week has been no exception. The reason for this upside is related to both the Pound and the Dollar. The Cable was suddenly supported by the Purchasing Managers’ Index (PMI) data in November as the Composite PMI rose to 48.3 points, beating forecasts of 47.2 points. Any readings above 50 points indicate economic expansion, while figures lower than this threshold point to a contraction of local business.
22 November 2022 13:27

Mark Goichmann

Inflation data for the leading developed countries continues to guide investors’ sentiment as this information is considered to be a key indication for central banks in term of how they may adjust their monetary policies. The Producer Price Index (PPI) in the United States slowed down to 8% year-on-year in October against 8.4% a month before. This data contributed to the enthusiasm already established by the sensationally lower Consumer Price Index (CPI) at 7.7% for the previous month. However, the joy was short lived as European prices continue to post records.
Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

Open Demo Account
I understand and accept the Privacy Policy and agree that my name and contact details can be used by TeleTrade to contact me about the information I have selected.
23 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Follow us

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.94% 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. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

© 2011-2023 Teletrade-DJ International Consulting Ltd

This website is operated by Teletrade-DJ International Consulting Ltd, which is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11. Teletrade-DJ International Consulting Ltd is located at 88, Arch. Makarios Avenue, 2nd floor, Nicosia Cyprus.

The company operates in accordance with the Markets in Financial Instruments Directive (MiFID).

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Teletrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies.

Teletrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.94% 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.
Choose your language/location