Sugar Futures

Sugar futures are one of the many soft commodity futures contracts available to trade at Orbex.com. Known to be one of the most liquid contracts in the soft commodities category, sugar futures are also volatile which attracts both long term and intraday traders. Perhaps one of the biggest advantages of trading the sugar futures contracts has to...

2017-07-26 John Benjamin Read more
China_Metals_2110

Copper:  Weak China Industrial Data Weighs Copper prices continued to sell-off this week weighed upon by a stronger US Dollar in response to the strengthening of Clinton’s lead in the election polls following another win in the final debate.  The sell-off comes despite better data from China recently which has warded off concerns that Chinese g...

2017-07-26 James Harte Read more
Coffee prices_futures_2110

Coffee futures contracts extended gains this week as the price of Arabica futures contract for December delivery touched a fresh two-year high, closing on Wednesday at 158.20 cents. The rally came after a weak start to the month as price briefly fell to August highs near 147 - 146 cents before staging an impressive rally. Arabica coffee futures...

2017-07-26 John Benjamin Read more
gold prices_nuggets

The precious metal has been relatively stable over the past 7-days after prices initially fell sharply to $1250 handle. Earlier this week, US economic data included the monthly inflation figures which showed headline CPI rising 0.30% on a month over month basis in September as expected. Core CPI grew less than expected at a pace of 0.10%, missin...

2017-07-26 John Benjamin Read more
Copper_commodities

Copper:  Iran Copper Output forecast to growth A resurgent US Dollar has put firm pressure on the commodity space this week. Another win by Democrat candidate Clinton in the second elections held on Sunday night spurred a flurry of support for the US Dollar as the riskier Republican Candidate Trump fell back in the polls. These moves received a...

2017-07-26 James Harte Read more
Commodities_irone Ore_Sell-off

Copper: Lower Prices Despite Bullish Forecasts A firmer US Dollar put pressure on Copper prices which fell steadily over the week. Better US data had fuelled an uptick in Fed rate hike expectations over the week leading to a stronger US Dollar which has weighed on the commodity space. Alongside this, we have also had a deterioration in risk a...

2017-07-26 James Harte Read more
Commodities

For the past few days, commodities have been declining notably on the back of a stronger dollar, which advanced to the highest level in 4 weeks, reaching as high as 96.16 (USD Index). This move is backed by the recent improvement in some of the economic releases. Yet, the major news - US Jobs Report - is due on Friday, which is set to confirm th...

2017-07-26 Nour Eldeen Al-Hammoury Read more
ECB

ECB To Taper QE Comments from the ECB yesterday noted that the bank would begin to gradually reduce bond purchases once the QE programme ends. Officials said that an informal consensus had been established among the bank’s policymakers for QE to be tapered once the programme concludes. Initial expectations are for the tapering to be around E1...

2017-07-26 James Harte Read more
Gold falls

Summary: Gold prices lose over three percent yesterday breaking below the psychological 1300 support Richmond Fed, Lacker maintains hawkish views on Fed rate hikes Gold validates the technical descending triangle pattern as mentioned last week Watch for near-term bounce back to 1310 - 1300 for resistance A correction to 1250 c...

2017-07-26 John Benjamin Read more
Natural Gas

Weather & Storage Supportive A spate of supportive storage data and weather forecasts have seen Natural Gas prices rallying strongly over the last week with the November contract printing fresh year to date highs of $3.098/MMbtu - 2018 calendar prices moved less aggressively to the topside. This has created a significantly backdated market ...

2017-07-26 James Harte Read more