Copper prices were higher in New York, headed for the first weekly gain in three weeks as speculation that the demand will maintain its pace based on stronger than Estimated European expansion. Prices also climbed as the dollar weakened, making metals priced in the currency cheaper in terms of other monies. The global economic recovery,… read more
Tag Archives: Commodities Broker
Grain prices advance as drought conditions worsen-Futures News, Futures Broker, Futures Trader, Commodities News, Commodities Trader, Commodities Broker
More bad weather is damaging fields from North America to Europe to Asia, this less than a year after the worst drought in a generation destroyed one-third of the Russian wheat crop. As dry spells threaten crops in France, Western Australia and China, drought conditions have left the Kansas wheat crop in worst shape since… read more
Canadian Dollar making gains-Futures News, Futures Trading, Futures Broker, Commodity News, Commodity Trading, Commodities Broker
The Canadian Dollar traded at 96.43 cents per U.S. Dollar, an appreciation of 0.3 cents, up from yesterdays 96.69. The Canadian Dollar touched 94.46 on April 29th, it’s highest level since November 2007. The Unemployment numbers helped the Canadian Dollar make gains against the U.S. Dollar – ending it’s longest losing streak since December as… read more
Silver leads sell off-Futures News,Futures Trading, Futures Broker, Commodities News, Commodities Trading, Commodities Broker
After nearly touching $50 last week, Silver has led the selloff in commodities this week now trading below the $40 level. The CRB commodity Index is down from this weeks high of 370.72 as Gold an others have followed Silver pushing the the Index below the 360 level. With the sell of in the futures,… read more
Oil Prices Falling-Futures News,Futures Trading, Futures Broker, Commodity News,Commodities Trading, Commodities Broker
With signs of crude inventories accumulating in the U.S., the worlds largest consumer of commodity, oil prices dropped for the third straight day. According to a Bloomburg news survey before an Energy Department report today by the American Petroleum Institute which stated inventories climbed for a fifth straight week. Futures prices dropped 0.8% in New… read more