Analytical reviews of commodities

Commodities

17:04 (GMT+3)

This week we will start by analysing WTI Oil, which was previously mentioned here on Friday. Has much changed since then? Not really, but we would like to describe the current situation in greater detail.

Commodities

Tomasz Wisniewski

09:46 (GMT+3)

Gold with a bearish breakout

Last week finished great for USD, which should have been bad for commodities in theory, although oil buyers didn’t seem bothered about this at all. This situation changes dramatically, however, when we look at gold. Precious metals are definitely feeling the rising demand for the US dollar. The situation on the XAUUSD instrument is far from optimistic.

Commodities

Tina Pham

16:52 (GMT+3)

Trade war causing a collapse in copper prices

It’s not the best of times for the copper market, and as the world looks on at the China-US trade dispute, metal prices are plummeting. It came to light this week that Washington is seriously considering imposing higher tariffs on Chinese goods. The tariffs may be increased to 25% from the previously-proposed 10%. It’ll probably be a matter of weeks before a final decision is made on the scale of the tariffs and when to impose them. The tariffs are expected to apply to around 200bn USD worth of Chinese products. This will make it more and more difficult for China to break into US markets. There are already tariffs in place on around 50bn USD worth of Chinese goods, which have already caused jitters on the market.

Commodities

Veselin Petkov

12:19 (GMT+3)

Brent oil price analysis (27/07/18)

The price of Brent oil has stabilised over the last few days. Currently, BRNUSD is trading at around 74.79 USD, and just a few days ago the pair was trading near the 72 USD mark for one barrel.

Commodities

Natalia Milchakova

11:26 (GMT+3)

BRICS summit could be one to remember

The next summit of the leaders of the BRICS nations (Brazil, Russia, India, China, South Africa) is set to be held today (Wednesday the 25th of July) in Johannesburg South Africa. Not only is South Africa hosting the summit, but they are also the current chair of the group. The five countries making up the bloc account for 28% of global GDP and 42% of the world’s population, with the cumulative territory of these countries making up a quarter of the globe’s land mass.