Commodity Prices | Forex Trading


Archive for February, 2008

Commodity Prices

Commodity price brief - Yes oil is at $102 barrel and copper is reaching and about to touch $4.00 lb. Many experts feel with the lack of new copper mines coming on-stream and the start-up costs for new mines increasing dramatically is a formula which will continue to put upward pressure on the price of [...]

Copper theft wreaking havoc

Business Spectator (Australia), 1:18PM 29-Feb-2008
by AAP
A wave of copper thefts sweeping Australia and the United States is causing havoc as essential services are put at risk.
The surging demand for copper in India and China has pushed the price of scrap copper to $7,500 per tonne in Australia, authorities say, making it a target for increasingly-bold [...]

Gold hits new record of $970 on dollar’s tumble

By Polya Lesova, MarketWatch
Last update: 11:40 a.m. EST Feb. 28, 2008
NEW YORK (MarketWatch) — Gold futures rose to a record high of $970 an ounce Thursday, propelled by the dollar’s tumble to a new low against the euro. Gold for April delivery hit $970 an ounce on the New York Mercantile Exchange. The contract was [...]

Swiss Forex Broker

We have compiled a list of Swiss Forex Brokers all indicate they are Regulated by the FDF. The FDF is the Swiss Federal Department of Finance:
With 35% of the world’s private assets managed by Swiss and foreign financial institutions based in Switzerland, the country has a long established tradition as one of the [...]

Global shortage of commodities looming

National Post, p. FP8 783 words 23-Feb-2008
By Peter Hodson
Comment; In 10 years, today’s prices may look like a bargain
Our peak oil thesis gained some new respect this week as oil prices hit yet another record, the first close over US$100 per barrel. Demand fluctuates, but it is all about supply, and supply concerns this week [...]

Commodity Prices

February 26, 2008
Gold N.Y. Spot $ 942.00
Silver N.Y. Spot $ 18.43
Lead LME Cash $ 1.4756
Copper LME Cash $ 3.7512
Zinc LME Cash $ 1.1120
Nickel LME Spot $ 12.63
Aluminum LME Spot $ 1.3045
Platinum [...]

BMO Strategist: High Oil, Metals Prices Have ‘Staying Power’

Dow Jones Newswires, 12:02 ET (17:02 GMT) 26-Feb-2008
By Allen Sykora
Base and precious metals prices, along with oil, have “staying power” to remain at historically high levels for some time, underpinned by supply issues as well as demand from developing economies, Bart Melek, global commodity strategist with BMO Capital Markets, said Tuesday.
Melek addressed commodities during a [...]

FX - Tip of the Week

Trade pairs, not currencies - When two (2) currencies are being traded against each other, it is called a “Pair” and the Forex Market consists of four (4) main pairs: Euro-USD, USD-GBP, USD-Japan Yen, USD-Swiss Franc.
The first currency is called the base currency and the second currency is called the counter-currency. For each transaction, we [...]

UK Forex Broker

For the United Kingdom (UK) ensure the broker you use is regulated by The Financial Services Authority (FSA), United Kingdom.
Alpari (UK) Ltd.
FXCM.UK
HY Markets
Some services they offer are Forex, oil/gas, metals, commodities, and stocks
IG Markets
Man Financial Ltd.
More Forex

FX - Tip of the Week

Emotional Trading - Without that all-important strategy, your trades are just thoughts and thoughts are emotions and a very poor foundation for trading. When we are emotional we seldom make the wisest decisions. Don’t let your emotions sway you. As mentioned in other posts, adding the emotional element into the equation makes it strike two [...]