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Wait and See as Sugar Reaches a New Support

Sugar is one of the most-used commodities in the world today. It is used in a whole range of food products such as cakes, confectionary, and other processed foods. Most of the sugar produced today comes from sugarcane, while part of it comes from other sources. Most of the world’s sugar comes from Brazil, which […]

What to Expect in Today’s Jobs Numbers

Today, at 08:30 am (Eastern Time), the Bureau of Labor Statistics (BLS) will release the closely-watched jobs numbers for the month of May. This will be an important number coming after last month’s record-breaking number. In April, the US economy created more than 223K jobs, leading the New York Times to lack words to describe […]

Weekly Review: A Look at The Major Stories for the Week

This week, the focus among traders was on trade, Brexit, the minutes from the Fed meeting, and the stability of the European Union. On Monday, Germany’s interior minister announced that he would step aside if Angela Merkel didn’t negotiate with him. This happened after last week’s meeting among the leaders of the European Union about […]

As Tariffs Kick In, Time to Get Bullish on Soybeans

At midnight today, the United States started implementing tariffs for major Chinese goods coming to the country. This is an important move after months of countless negotiations and urging from business and political leaders who advised against the tariffs. Shortly afterwards, Chinese authorities announced that they were starting imposing tariffs on US goods which include […]

Fed Meeting Minutes Reiterate Gradual Path for Rate Increases

The Federal Reserve Open Market Committee (FOMC) met in June for their monetary policy meeting. The meeting was meant to asses the status of the US economy and the future of its monetary policies. Yesterday, the officials released the minutes for this meeting. These minutes are usually released three weeks after the meeting. In the […]

Euro Jumps After Germany Factory Orders Surge

Germany is the largest economy in the European Union with a GDP of $3.45 trillion dollars. This makes it the fourth largest economy in the world after the United States, China, and Japan. Germany is known for its industrial production. It is the home to some of the largest engineering firms in the world. Most […]

What Gold and Platinum Correlations Tells Us About the Market

The automobile industry is one of the largest in Europe and North America. In Germany, auto exports have become so important that they count for more than 20% of the total GDP. The country is known for the quality of the vehicles they manufacture, which include cars like Mercedes, Porsche, and Rolls-Royce. In the United […]

USD/JPY Forecast: The Key Points to Look At Ahead of the Jobs Numbers

The USD/JPY pair started an upward rally on Tuesday last week when the pair found support at the 109.3 level. The recent rally saw the pair reach the weekly high of 111.13 on Tuesday before it started losing some of the gains. Today, as more American traders come to the market after yesterday’s holiday, and […]

Aussie Jumps After Hawkish RBA Statement

The Australian dollar has been one of the worst performing currencies against the dollar this year. Year-to-date, the currency has dropped by almost six per cent as shown below. The pair’s decline is mostly associated with the divergence monetary policy decisions from the Fed and the Reserve Bank of Australia (RBA). As you recall, early […]

Weekend Review: A Busy Weekend for Traders

Unlike other recent weekends, the last weekend of the first half of the year was quite eventful. Some major news that could play an important role in the final half of the year were released. On Friday, a US news site called Axios released a new report about Donald Trump’s frustrations with the World Trade […]