Gold prices made a technical recovery on Friday after the market has traded below USD2030 /oz for most part of last week. Technically, we outlook the trend will encounter strong selling pressure above…
Commodity
Weekly Rubber Report – 15 Jan 2024
Market Fundamentals: The USD Index (USDX) consolidated sideways at 102.00 region last week. SICOM Rubber traded in fatigue while TOCOM Rubber move higher amid recovery due to weakening Yen. While Crud…
Commodity Market Report – 18 Dec 2023
Gold prices traded sideways largely from USD1940 – USD2040 /oz last week. Market bounced after the FOMC meeting as a hedge against an expectation of weakening Dollar. This week, we project the trend w…
Weekly Rubber Report – 18 Dec 2023
Market Fundamentals: Federal Reserve Chairman Jerome Powell announced at least three interest rate cut in Y2024 since the inflation has eased. American Treasury yields fell after the comments while pu…
Commodity Market Report – 11 Dec 2023
Gold prices reached historical high USD2135 /oz on 4 December and plunged due to rapid profit-taking. Market closed at USD2004 /oz on Friday and caught long traders off-seat. This week, the trend may …
Weekly Rubber Report – 11 Dec 2023
Market Fundamentals: Dollar Index (USDX) traded in firm sentiment last week and poised at 104.00 level before weekend. Commodity prices in precious metals and energies were jittery as greenback steadi…
Commodity Market Report – 4 Dec 2023
Gold prices settled at USD2072 /oz on Friday and making the fourth attempt to break this historical high-end. This week, we project the market will trade within USD2040 – USD2080 /oz without making a …
Weekly Rubber Report – 4 Dec 2023
Market Fundamentals: Rubber prices were weak on month-end rollover seasons for both TOCOM and SICOM markets. Meanwhile, Crude prices missed the USD80.00 /barrel benchmark and turned down to USD74.00 /…
Commodity Market Report – 20 Nov 2023
Gold prices recovered last week and traded largely from USD1940 – USD1990 /oz range. This week, we expect the trend to be firm and thread sideways within USD1960 – USD2000 /oz in mixed sentiment. Trad…
Weekly Rubber Report – 20 Nov 2023
Market Fundamentals: Rubber prices regathered strong momentum last week and will stay firm this week before the rollover towards month-end. Weaker Dollar has been another catalyst to support the Rubbe…