Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Commodities Are In Focus

ByAvaTrade
AuthorAvaTrade
Published 02/04/2015, 04:25 AM
Updated 02/02/2022, 05:40 AM

The general sentiment is shifting among traders, particularly with crude moving higher. The reports of rigs pulled out of the field, along with strikes in the US Shale Crude Oil sector, has amplified the speculation that perhaps, the supply is going to become constrained very soon.

But, if you think slightly outside the box, from a demand perspective, there isn’t any decent news out there at all. For instance, the US economic data is uninterruptedly on the downward side and this has jammed their GDP reading and even the ISM manufacturing data released yesterday was pretty terrible. Then we have China, the second biggest economy of the world, which is sparring with meager growth, so I do not see any sign of demand picking up any time soon and these speculations may be crushed very soon.

Nevertheless, there have been some positive development taking place between Greece and its creditors and any further good news could actually boost the growth in the Eurozone and thus improve the demand for commodities.

Disclaimer: The above is for informational purposes only and NOT to be construed as specific trading advice. responsibility for trade decisions is solely with the reader.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.