Tag: commodity
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Monsoon Crystal Ball: How Rainfall Forecasts Shape Agricultural Commodity Markets
[ad_1] As India grapples with an increasing frequency of climate crises, from scorching heat waves to erratic monsoons and devastating floods, the implications for the nation’s macroeconomic landscape and societal well-being are not only profound. A recent report highlighted that the country’s retail inflation soared to a 15-month high of 7.44% in July, with food…
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Australian MNC Mining Group BHP Says India, China will Boost Commodity Demand
[ad_1] Last Updated: February 21, 2023, 08:05 IST BHP mining group is seeing green shoots of growth in India and China (Image: Reuters/Representative) BHP is a leading producer of metallurgical coal, iron ore, nickel, copper and potash but its net profit and sales have dropped in recent years Global mining group BHP said Tuesday it…
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Commodity Highlight: Oil Extends Losses to New Week, WTI Futures Slip Below $80
[ad_1] By Malvika Gurung Investing.com — Oil prices extended the steep losses witnessed last week to Monday, trading at their weakest levels in two months as rising Covid-19 cases in China spurred concerts over curtailing demand in the world’s largest oil importer, while prospects of rising interest rates dampened the demand outlook. At the time of…
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AUD/USD Glides Higher as Russian Pipeline Damage Boosts the Commodity Sector
[ad_1] Australian Dollar, AUD/USD, Oil, Russia, Commodities, Market Sentiment – Talking Points Australian Dollar rises vs USD after oil prices surge on pipeline problems March PMI data shows Australia’s economic recovery is strengthening AUD/USD eyes potential Golden Cross in the works after bullish action Thursday’s Asia-Pacific Outlook Asia-Pacific markets may fall today after market sentiment…
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NZD/USD Eyes Chinese Economic Data After Falling on Broad Commodity Weakness
[ad_1] New Zealand Dollar, NZD/USD, Commodities, China, Economic Data – Talking Points APAC markets brace for volatility as fighting around Kyiv intensifies China set to report economic data amid renewed wave of Covid lockdowns NZD/USD falls near its 50-day Simple Moving Average as bears advance Tuesday’s Asia-Pacific Outlook Asia-pacific markets may decline today after US…
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Crude Oil Holds High Ground Amid Commodity Bedlam as USD Pauses. Where To For WTI?
[ad_1] Crude Oil, US Dollar, Nickel, LME, WTI, Brent, Gold, VIX – Talking Points Crude oil prices remain elevated in geopolitical shootout Volatility is all pervasive, especially in commodities and equities With continuing uncertainty,will USD resume its uptrend? Crude oil is sought after with the US confirming that they will ban Russian energy. The UK…
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US Dollar Surges as Nickel Leads Commodity Chaos and Stocks Drop. Will DXY Index Dip?
[ad_1] US Dollar, DXY Index, Crude Oil, AUD/USD, CAD, NZD, Russia, OPEC+ – Talking Points The USDollar marched higher today as uncertainty grips markets. Nickel put on a blistering rally along with the rest of industrial metals Equities are under the pump amongst the bedlam.Will USD see more haven flows? The US Dollar has continued…
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Australian Dollar Flies on Booming Commodity Prices. Will AUD/USD Make New Highs?
[ad_1] Australian Dollar, AUD/USD, Crude Oil, Commodities, FTSE, MSCI – Talking Points The Australian Dollar is being underpinned by roaring commodities Crude oil is making historical highs as backwardation grips markets With all the risk in play across markets, can AUD/USD break new ground? The Australian Dollar continues to climb as commodities across the board…