Gold prices traded slightly firm last week as we predicted. Market topped around USD1380 /oz and fell into correction again. This week, we project the trend will trade lower but contain in the range f…
Commodity
Weekly Rubber Report – 24 July 2023
Market Fundamentals: Commodity rubber prices turned weaker last week due to low demand from China. The struggling China’s economy has driven Chinese policymakers into further stimulus remediatio…
Commodity Market Report – 17 July 2023
Gold prices ascended last week as we predicted. This week, we foresee the rising trend will slow down and start to encounter some profit-taking activities. Overall range is expected to trade from USD1…
Weekly Rubber Report – 17 July 2023
Market Fundamentals: Dollar Index (USDX) submerged below 100.00 benchmark last week and pushed up precious metals and energies. Rubber prices traded flat despite waning greenback due to reducing deman…
Commodity Market Report – 10 July 2023
Gold prices have been trading sideways for many days and begin to turn up. This week, we reckon the yellow metal will recover and overall range will trade within USD1920 – USD1960 /oz. The event…
Weekly Rubber Report – 10 July 2023
Market Fundamentals: The FOMC meeting minutes revealed there will be strong possibility of another rate hike coming in near future. Dow market took a breather and traded lower before weekend. However,…
Commodity Market Report – 3 July 2023
Gold prices bounced off USD1900 /oz support last week. This week, we foresee the trend will make technical recovery but stay within the range from USD1900 – USD1940 /oz. Long traders are reminded to b…
Weekly Rubber Report – 3 July 2023
Market Fundamentals: The Dollar Index (USDX) reached 103.00 level and submerged last week. However, we foresee the greenback will thread in slightly firm sentiment within 102.00 – 103.00 region this w…
Commodity Market Report – 19 June 2023
Gold prices traded sideways as we predicted last week. This week, we remain unchanged in our view that the yellow metal will stay sideways within USD1940 – USD1980 /oz range. Traders are waiting…
Weekly Rubber Report – 19 June 2023
Market Fundamentals: Dollar Index (USDX) ebbed lower last week after the FOMC announced no action on interest rate in the FOMC meeting. Chair Powell cites there might be 2 more rate hike before weeken…