Market Overview

28 June 2022 13:34

Mark Goichmann

The gas market in Europe was on alarm recently as prices for July 2022 Dutch TTF gas futures jumped to 133 Euros per MW last Friday. Prices scaled back to 129 Euros on Tuesday, but they are unlikely to reach a deeper correction. Prices surged as Russia significantly reduced gas supplies to Europe during the period when gas was being replenished into gas storages in preparation for the coming winter season. Storages are reported to be filled by 59% of their total capacity, which is a low percentage for this time of the year.
21 June 2022 12:32

Mark Goichmann

Europe is beginning to suffer from the physical shortage of gas. There are many reasons for this that supplement each other. The Freeport LNG Quintana Island liquefaction facility is currently shut down after a gas blast and will not continue its full operation until late 2022. This facility exports around 20% of LNG from the United States that primarily goes to Europe. Gas exports via the North Stream pipeline to Germany have been dramatically cut by 100 million cubic meters per day or 60% of the regular supply.
14 June 2022 11:17

Mark Goichmann

Lead is a toxic metal for humans by its nature. And it seems that now it is also toxic for investments as its price dropped by 3% on the London Metal Exchange this Monday, from $2150 to $2087 per tonne. It is a production metal that is sensitive to economic growth perspectives and, as such, its price significantly dropped  at the beginning of the week after the United States was hit by a huge inflationary shock. Consumer prices rose unexpectedly by 8.6% year-on-year in May after posting 8.3% in April.
31 May 2022 16:07

Mark Goichmann

Dutch TTF July 22 gas futures soared above 93 Euros per 1 MWh, an important psychological resistance level, and hit 95 Euros on Tuesday morning. This may indicate that prices may surge further. Prices surged after European leaders agreed in principle to cut about 90% of oil imports from Russia by the end of 2022 raising Brent crude prices above $120 per barrel. Gas is an alternate fuel and its prices followed oil quotes.
24 May 2022 11:34

Mark Goichmann

Gold has two major abilities. One is that it is traditionally considered to be a safe haven asset that is in high demand during times of elevated risks in the market, rising inflation, and geopolitical uncertainties. The second is that it acts as an anti-dollar indication because gold prices mostly move in the opposite direction to the Dollar. The Dollar itself has become a safe haven asset in recent months as the Federal Reserve (Fed) has risen interest rates along with Treasuries yields. So, gold prices are now more correlated with the Greenback’s moves. The U.S.
27 April 2022 07:51

Mark Goichmann

Palladium had a dramatic start to the week as prices plummeted by 13% to $2061 per ounce on Monday. Prices were at $2500-2530 in the middle of April. Fears over unprecedented pandemic lockdowns in China caused demand for industrial metals, including palladium, to dive. Falling equities and other risky assets has contributed to the decline, along with the expected tightening of the monetary policy of the Federal Reserve (Fed), that is expected to announce another sharp interest rate hike next week and may continue to do so after every meeting this year.
21 April 2022 17:13

Mark Goichmann

Despite some correction of the U.S. Dollar index from 101 to 100 points, more factors seem to be pointing towards the further strengthening of the Greenback rather than for its decline, and the recent drop may be rather distinguished as a correction to the upward trend. These factors are: Expectations for a steeper angle of interest rate hikes by the Federal Reserve (Fed). Investors are considering the 96% probability of a 50 basic point interest rate hike from 0.5% to 1.0% to be announced the May 5 meeting.
23 March 2022 07:02

Mark Goichmann

Tin prices are strongly correlated with the global economic recovery and financial risks that depend on monetary policy of the leading central banks. After a phenomenal upside exaggerated by the military warfare in Ukraine to $49,400 per tonne in early March, an impressive correction followed. Markets have stabilised after the initial shock of the Russia-Ukraine clash has subsided and the Federal Reserve (Fed) hiked its interest rates for the first time in four years.
1 March 2022 08:52

Mark Goichmann

The movement of Russian gas through the Gas Transmission System (GTS) of Ukraine has not been disrupted despite war actions across almost the entire Ukrainian territory, according to the Gas Transmission System Operator of Ukraine. Gas supplies are continuing to be carried out as normal in line with the existing reserved amount held by European clients. Russia’s energy corporation Gazprom pumped 107 million cubic m of gas via Ukrainian GTS on February 27. This amount has been confirmed by both the Ukrainian side and Gazprom.
22 February 2022 14:30

Mark Goichmann

This week nickel prices have been posting new records “nickeling” themselves from possible “corrosion” or decline. Prices of this metal surged to a record high in a decade above $25,000 per tonne. The rally continued on Tuesday after the trading session opened with a gap of $25,370 per tonne. Technological, market-driven, and political factors are also pushing prices to the top.
Market Focus

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.72% 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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