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, […]
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 […]
Brent Crude Oil Taking Advantage of Weaker USD, IEA Outlook & Supply Interruptions
BRENT CRUDE OIL (LCOc1) TALKING POINTS & ANALYSIS All eyes point to Fed Chair Jerome Powell for guidance later today. Future crude oil demand emphasized by IEA report while interruption at key export terminal in Turkey backs crude oil prices. Key resistance zone under pressure. Recommended by Warren Venketas Get Your Free Oil Forecast BRENT […]
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 […]
Stochastic Supply and Demand Forex Trading Strategy
One of the main key questions traders have to answer when trading the forex market is where and when to take their trades. Traders may easily identify which direction to take their trades. However, many would still find themselves in a losing position even though price generally moved in the direction of their trade. On […]
China December M2 money supply +11.8% vs +12.2% y/y expected
Prior +12.4% New yuan loans ¥1.4 trillion vs ¥1.1 trillion expected Prior ¥1.2 trillion The numbers continue to support the narrative that China is aiding the market recovery at least, particularly so after having been crippled by its previous zero-Covid policy. For some context, the new yuan loans issued throughout 2022 is a record, coming […]