Commodities

BHP

BHP Group to explore new territory of $53 per share?

This week is one of the busiest for the Australian Securities Exchange, with many of its biggest names delivering their respective earning reports. Among those reporting is the country’s largest mining company, BHP Group (ASX: BHP). BHP are expected to...
Gold technical analysis shows possible upside

Relief pumps still in play for XAU/USD

On the weekly chart, we can see that Gold has made a four-week push from lows of $1,680/oz to its current trading price close to $1,790/oz. However, sentiment may be slightly bearish for Gold at the moment with many indicators...
nfp

How did the market react after July’s Non-Farm Payrolls?

The Non-Farm Payrolls (NFP) for July 2022 surprised many as it reported that the US economy added 528,000 jobs, more than twice the consensus forecast. Total NFP employment has now returned to the pre-pandemic level, when 20 million jobs were...
recession

Why isn’t the US officially in a recession?

The US has technically entered a recession in the second quarter 2022 as the economy contracted 0.9% year over year, following a 1.6% decline in the first quarter. However, the official body that is tasked to make a call on...

Is it time to go long on gold?

london

Energy and oil companies rally on London stock exchange

So far in 2022, energy companies have exhibited some of the best performances among London-listed stocks. Energy companies dominated both the FTSE 100 and 350 indices as of July 11, with stocks such as Drax Group (LON: DRX), Centrica (LON:...
Thai baht

What does the DeMarker suggest for the Thai Baht?

The US dollar/ Thai baht (USDTHB) has been rallying to the bullish side. Hawkish Fed policy has remained the key source of dollar strength, but one may still wonder if the trend will continue for the USDBHT or if it...
ASX 200

ASX 200 drills lower thanks to commodity stocks

Australia’s main share index, the ASX 200, closed lower on Wednesday by 0.5%. This fall could have been a lot worse If not for technology and financial stocks mitigating the rout in other major Australian sectors. Australian Securities Exchange’s Metals...
sugar futures nt

How does the surge in sugar futures affect Coca-Cola’s profit?

The price of sugar, a key global commodity, has surged 17% since the beginning of January 2021. Sugar is used in food, beverage, and in biofuel production, and its importance in global trade gives it a strong position in the...
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