Gold prices protruded above USD1800 /oz on Friday but settled beneath this benchmark. This week, we forecast the trend will swing inside the range from USD1770 – USD1820 /oz. The market is still looki…
Commodity
Weekly Rubber Report – 25 Oct 2021
Market Fundamentals: Dollar Index (USDX) edged below 94.00 last week and the greenback is projecting a weakening sign. This year, global inflation has brought about mixed sentiments on economic recove…
Commodity Market Report – 30 Aug 2021
Gold prices broke up above USD1800 /oz after FED chair Powell said the rate hike is not imminent. This week, we reckon the trend will be contained from USD1800 – USD1840 /oz and is expected to be in m…
Weekly Rubber Report – 30 Aug 2021
Market Fundamentals: Commodity rubber traded sluggishly last week though precious metals and energy crude have strengthened amid the weakening Dollar. Federal Reserve Chairman Jerome Powell indicates …
Commodity Market Report – 23 Aug 2021
Gold prices traded in a narrow range below USD1800 /oz last week but stayed above USD1770 /oz support. The market will be contained in this region while waiting for more fundamentals to provide a clue…
Weekly Rubber Report – 23 Aug 2021
Market Fundamentals: Dollar Index (USDX) revisited to above 93.00 level last week after U.S. Federal Reserve released minutes on tapering program before year-end. However, general commodity prices hav…
Commodity Market Report – 2 Aug 2021
Gold prices traded largely from USD1790 – USD1830 /oz last week as we predicted. However, the market might ascend this week if the bulls pierce above the USD1840 /oz resistance. The initial range is f…
Weekly Rubber Report – 2 Aug 2021
Market Fundamentals: Dollar Index (USDX) has been corrected since the beginning of last week. Last Thursday, the U.S. Federal Reserve failed to mention their tapering plan which caused USDX to re-ente…
Commodity Market Report – 19 July 2021
Gold prices turned down from USD1832 /oz on Friday after Dollar regained strength. This week, the market might re-test USD1790 /oz support before encountering buying demand. Technically, we expect the…
Weekly Rubber Report – 19 July 2021
Market Fundamentals: Rubber prices recovered towards the end of last week despite the Dollar regained strength. The world is sinking a new fear of delta variant in pandemic crisis. Traders are remaini…