Greece and EURO crisis – commodity trading news

Published: 1 July, 2015 11:50

During the past week, headlines have centred on the crisis in Greece and its default on Eur 1.6 billion (£1.1 billion) of loan repayments to the IMF. Euro zone ministers refused to extend its bailout, having failed to agree on some of the terms and conditions. The group chairperson (Dutch Finance Minister, Jeroen Dijsselbloem) had previously said it would be “crazy” to extend the Greek bailout beyond its Tuesday deadline. Nonetheless, judging from reports after a conference telephone call with other Euro zone ministers, this position may have ameliorated as a fresh Greek application for an aid programme of some €29.1bn was to be considered today (Wednesday).
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US Pacific Trade Deal Fails!

Published: 16 June, 2015 11:05

This week an important development in the financial world took place with President Obama experiencing defeat at home while trying to push through the deal between the US and 11 other Pacific nations. Obama had hoped to fast-track the deal through Congress to make progress more quickly to try and get the deal completed well before he hands over to his successor in less than two years. President Obama’s failure to advance this crucial deal through Congress has important ramifications for anyone actively involved with online commodity trading.

Oil and Gold this week: Gloom or Gains?

Published: 1 June, 2015 13:08

A Balancing Act?

The online commodity trading community has been carefully following the prices of oil during the past few months and some analysts believe that a slight price rise may be set for the near future.

Recently, it has been shown that stocks of crude in the United States fell for a fourth week in a row.

This was the primary cause of the rise of front-month Brent to $62.50 dollars a barrel (a gain of 40 cents).

Information released by the Energy Information Administration highlighted the fact that reserves within the United States fell by nearly 2.8 million barrels.
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Did you know that oil prices are lower today than 7 years ago?

Published: 28 May, 2015 11:25


When oil prices are as low as they are today, even lower than the crisis times in 2008! And with oil production showing absolutely no signs of slowing production something, commodity wise, has to give. So what should the online trading community make of all this?

OPEC v non-OPEC

OPEC has stated that they will not cut production and the non-OPEC oil is continuing to show production growth. This dramatic increase and change in non-OPEC has been triggered by the increase in Shale Oil, which was not factored into the 2010 OPEC forecast.
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Bitgold Receives Funds from Soros Brothers Investments

Published: 19 May, 2015 14:48

A New Form of Gold Trading

BitGold has had a cash injection of approximately $12 million from high profile capitalists such as Soros Brothers investments.

Bitgold is intending to introduce gold trading by setting up a platform which lets traders deal in gold. All dealers have to do is to open up an account which is a super quick process.

The trading account is constructed to work just like a standard PayPal account.
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A Rough Road Ahead for Oil and Gold

Published: 12 May, 2015 13:31

A Waiting Game for Gold?

In recent online commodity trading news, caution still seems to be the name of the game in terms of gold.

Indeed, its prices have still remained sluggish during the past week; holding firm between $1,800 dollars and $2,000 dollars per ounce.

Despite disappointing data emerging from the United States, gold has not yet experienced a significant rally. Some have cited this rather dull performance as being a result of rising bond yields.
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High oil stocks while gold trading price remains subdued

Published: 26 April, 2015 14:56

Oil pumps in Saudia Arabia
This week, the crude oil price tag has fluctuated a few cents around the $57 per barrel level, while gold futures have been trading at a disappointingly low level for some – in the region of $1,175 to $1,177 per ounce.

Small fluctuations around $57 per barrel

Crude oil stocks are currently at an eighty-year high, this being attributed to Saudi Arabia curbing its military campaign against Yemen.

While there no longer seems to be the threat of oil price crashes, prices have dropped from around $58 to $57, which is a minor fluctuation when considered in the context of thirty-day movements, between $40 and $58.
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Time to turn oil shorts into longs

Published: 13 April, 2015 10:20

Has the tide turned in oil prices? Certainly, there’s been a measurable rise in Brent Crude since its low of 4778 in mid-January, but that could have been expected given such a precipitous drop in the six months before.

Since then the price recovery has been measurable but muted, reaching a high of 6283 during February only to fall back to 5258 by mid-March.

However, during the last week, hedge funds have turned into a bullish mode for commodity indexes, with oil and gold leading the way.
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Oil Prices to Stay Low After a Rebound, Gold Boosted by a Delay in Rates Rise

Published: 7 April, 2015 12:57

Oil News

Despite oil prices rebounding on Monday with Brent crude at $58.12 a barrel, online commodity traders should be cautious, as a report produced by Goldman Sachs Analysts predicts months of low oil prices ahead.
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Gold and oil down, but which will rise in the near future?

Published: 11 March, 2015 13:33

Gold news

This morning online commodity traders woke to a fresh shock, another price drop in gold, a new four month low, completely wiping off all profits made in 2015. This was the seventh consecutive day of trading loss. Gold futures for April fell to $1,160.10.

Reasons for pressure on gold

The world economies are slowing, inflation is low, and gold has always been used as a hedge against rampant inflation.
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