Commodity Prices | Forex Trading


Archive for the 'Forex General' Category

Canadian Dollar Heads for Worst Month Since 1950; Bonds Rally

Bloomberg, 18:28:11.250 GMT 24-Oct-2008
By Chris Fournier
Oct. 24 (Bloomberg) — Canada’s currency is headed for its worst monthly fall since at least 1950 and the yield on the two- year bond touched the lowest in almost two decades on speculation the economic slump will deepen and oil will decline further.
The loonie, as the currency is known […]

FX - Tip of the Week

Trade on the news
A majority of the big market moves occur around news time. Trading volume is high and the moves are significant; this means there is no better time to trade than when news is released. This is also when the big players adjust their positions and prices change resulting in a serious currency […]

Commodity Prices - March 28, 2008

Gold N.Y. Spot $ 0932.5
Silver N.Y. Spot $ 17.9
Lead LME Cash $ 1.3027
Copper LME Cash $ 3.8715
Zinc LME Cash $ 1.0546
Nickel LME Spot $ 14.12
Aluminum LME Spot $ 1.3340
Platinum N.Y. Spot […]

Commodity Prices - March 5, 2008

Gold N.Y. Spot $ 984.30
Silver N.Y. Spot $ 20.42
Lead LME Cash $ 1.4470
Copper LME Cash $ 3.8170
Zinc LME Cash $ 1.2150
Nickel LME Spot $ 14.36
Aluminum LME Spot $ 1.3880
Platinum N.Y. Spot […]

Fortescue Says Iron-Ore Prices May Increase as Much as 50%

Bloomberg, 22:38 (New York) 12-Feb-2008
By Debarati Roy
Feb. 13 (Bloomberg) — Fortescue Metals Group Ltd., building a A$2.7 billion ($2.4 billion) iron-ore project in Australia, said prices of the steelmaking material may rise as much as 50 percent from April because of higher demand.
“China and India are booming and demand from other countries in Asia is […]

Farms and oil wells and mines, oh my

Globe and Mail, B8 878 words 08-Feb-2008
With rising global demand and supply shortages on the horizon, commodities can make respectable gains in a portfolio
by Randy Ray, Special to The Globe and Mail
As unnerving as the markets’ latest roller-coaster ride has been for investors, commodities remain a good bet for respectable gains in a portfolio, experts […]

How Interest Rate Increases Drive Currency Prices

A common way to think about U.S. interest rates is how much it’s going to cost to borrow money, whether for our mortgages or how much we’ll earn on our bond and money market investments. Currency traders think bigger. Interest rate policy is actually a key driver of currency prices and typically a strategy for […]

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What does it stand for? The above text “Forex 64(at)yahoo” is a very popular Google search term.
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How do commodities affect currencies?

Raw materials compose such a large portion of these countries exports, a rise in commodity prices can possibly lead to a rise in the value of a country’s currency, and vice versa.
Let’s take a look at the major commodity currencies and see how much their movement correlates to certain commodities…
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