Lead prices likely to rule at levels similar to 2022
Lead metal prices have dropped by nearly 10 per cent since the beginning of 2023 and they will likely rule in the $2,000 a tonne region this year — similar to 2022, analysts say.On Friday, the lead three-month contract was quoted at $2,108 on the London Metal Exchange, while for cash the soft, malleable, ductile […]
Tin prices may not recover until the end of H1 this year
Tin prices have declined by 17 per cent over the past month and they are likely to be under pressure until the first half of 2023 due to the strength of the dollar and slack demand.“We anticipate that prices will remain pressured over H123 as the global economy continues to slow,” said Fitch Solutions Country […]
Aluminium likely to rule firm in 2023 on supply woes, rising demand
Aluminium prices will likely rule firm in 2023 on supply constraints and rising demand, especially with China easing Covid-19 curbs, analysts say. Fitch Solutions Industry Research and Country Risk, a research unit of the Fitch Group, sees prices ruling at elevated levels but not rallying to the highs seen in 2022.Goldman Sachs, on the other hand, […]
The Fed’s Demand Destruction: What It Means for You and Me
If you listen to financial pundits talking about the Federal Reserve and the current state of the markets you might hear this term mentioned: “Demand destruction.” What is it? And what does it mean for you and me? We’ll first discuss the mainstream understanding of the concept and then unpack why it’s more nefarious than […]
Live Trading Session Using “Supply Demand EA Pro” (7/2/2023) – Analytics & Forecasts – 7 February 2023
Hello traders, Many traders believe that they need to spend much time in front of their screens in order to spot trades and be profitable. That is a wrong mindset. Today i spent 40 minutes in front of my charts and i placed 3 trades in total. I got about ten alerts and i traded […]
Rising Demand for Cybersecurity, Supporting Fortinet Q4 2022 Performance?
#Fortinet, Daily Fortinet, Inc., a technology company providing network security equipment and network security solutions for service providers and government entities worldwide, with a market capitalization of $42,453,103,809, is expected to report earnings on February 07, 2023, after the close of the market. The report is for the fiscal quarter ending December 2022. The market […]
Japanese Yen Gains After Strong Demand at 2-Year Treasury Auction, Where to?
Japanese Yen, USD/JPY, 2-Year Treasury Auction, US GDP – Asia Pacific Market Open: Japanese Yen gained as the 2-year Treasury yield weakened Local bond auction showed demand was highest since 2020 USD/JPY remains focused lower after October trendline held Recommended by Daniel Dubrovsky Get Your Free JPY Forecast Asia-Pacific Market Briefing – Japanese Yen Gains […]
Crude Oil Holds Gains On Hopes For China Demand Rebound
Crude Oil Price, Analysis, and Chart US Crude prices continued their run of gains Hopes for economic revival in China and, perhaps the US, keep tight supply in focus The $82 region looks key now Recommended by David Cottle Get Your Free Oil Forecast Crude oil prices continued to find robust support in hopes for […]
IEA Sees Global Oil Demand Hitting A Record High In 2023
China’s reopening is set to drive global oil demand to a record high of 101.7 million barrels per day (bpd) this year, up by 1.9 million bpd from 2022, the International Energy Agency (IEA) said on Wednesday, raising its demand growth estimate for 2023 by 200,000 bpd from 1.7 million bpd growth expected in December. […]
Some analysts paint bearish outlook for lithium as prices drop 20% from November peak
At least a couple of analyst firms are bearish in their outlook on lithium carbonate, used in producing cathodes for electric vehicles (EV) batteries, after the chemical’s price dropped by about 20 per cent from the peak witnessed in November 2022. Prices of lithium carbonate, one of the two compounds employed for making cathodes with lithium […]