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DAILY MARKET ANALYSIS

Stay on top of your trading with analyses of the latest market news.

9 May 2024
China sees swings on iron and steel

Key Points: Iron ore and steel prices in China have seen declines due to easing stockpiling post-Labour Day, with mixed trends in global markets. The property sector’s challenges continue to impact steel demand, although regulatory changes offer a potential boost. …

9 May 2024
Gold prices steady ahead of the release of US economic data

Key points: U.S. jobless claims and consumer sentiment data are set to provide fresh economic insights. Platinum faces its largest market deficit in a decade, influencing its pricing dynamics. Gold prices stabilise as economic data looms Gold prices held steady …

9 May 2024
Oil prices surge on reduced U.S. supply and interest rate speculation

Key points U.S. crude inventories decrease, suggesting a tightening oil supply. Rising expectations for a Federal Reserve rate cut by the end of the year influence oil market trends. 9th May 2024 – On Thursday, oil prices experienced a moderate …

9 May 2024
Increased farmer sales are easing bids for soybeans and corn

Key points Soy and corn basis bids have dropped slightly due to increased farmer sales and recent fluctuations in futures prices. Barge freight costs are rising, and international demand remains robust, as seen in recent large-scale wheat purchases by Egypt. …

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