Commodities Trading

European markets have rallied strongly, especially in Germany, after Chinese economic data showed that the Chinese economy continued to power ahead. Improved industrial production figures have seen a good proportion of mining stocks push higher, despite these gains being tempered after the People’s Bank of China stated that inflation remained a top priority and...
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Sterling swung gently down last Monday and Tuesday and gently back up on Thursday and Friday. Having covered a range of 30 cents the GBP/ZAR rate opened in London Monday morning virtually unchanged on the week. Although South African inflation accelerated from 4.1% to 4.2% in April the increase was not as much as...
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Equity markets have rebounded today as day trading investors cautiously re-enter the market pushed up by higher commodity prices and mining stocks, with copper miner Antofagasta and Kazakh miner Kazakhmys leading the way. Gold miner Randgold Resources and silver miner Fresnillo are also higher on firmer precious metals prices. Oil stocks are higher with...
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Equity markets, despite a weak rally early on, have slipped back in the afternoon session with the FTSE looking to test key support around the 5,860 level. An early rally in commodity prices was soon reversed sending the miners from positive to negative territory. The telecoms sector has been a bright spot with Vodafone...
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European stocks reversed earlier gains to trade flat to negative territory going into the close on Friday. Traders seem unwilling to carry much risk over the weekend with the volatility in commodity prices an underlying concern and today’s session is best described as a game of two halves. The first half of the day saw...
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Equity markets started the day in full risk off mode today sliding back on weakening commodity prices. This sentiment was reinforced mid-morning when the People’s Bank of China once again raised its bank reserve requirement ratios by another 50 basis points pushing them up to 21%. Biggest fallers, as would be expected have been...
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Risk aversion continued on Monday as indices spread trading investors continued to shy away from riskier asset classes such as mining and banking stocks whilst the typical safe haven investments such as the US dollar and Gold gained ground. Greece debt rating cut by S&P Fears over sovereign debt resurfaced over the weekend with speculation...
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Equity markets after an initially positive start, have picked up where they left off yesterday, falling rapidly into negative territory as commodity prices continue to slip back from their recent highs. In UK shares spread trading, it is the banking sector however that is leading the declines after Lloyds Banking Group announced losses of £3.2bn...
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Weaker commodity prices have pushed down on share prices in London today with commodity stocks leading the decliners. Chilean copper miner Antofagasta leads the decliners in the mining sector after missing on Q1 copper production, though part of today’s losses can be put down to the stock trading ex-dividend. Silver miner Fresnillo remains under...
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Sterling covered a range of two and a half cents during the week climbing two cents higher on Monday and spent the rest of the week in retreat. The low for GBP/AUD came as London opened this morning, at which point the pound was looking at a net half-cent loss. The Australian dollar’s main claims...
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