Precious Metals and Commodities Weekly 17th October (Video)

Our weekly journey through the precious metals and commodities CFD’s available with OANDA. Jeffrey analyses each using a combination of technical and fundamental analysis.

This week, U.S. interest rates are on the move as Taylor gets the inside running to Head the Fed. Precious metals didn’t like it though. Which was the winner and the loser as U.S. yields rose? Is the bullish trend still intact?

Copper shoots skyward as China growth turbocharges industrial metals.

Over in energy, natural gas continues to range, but its all action on oil as Iraq turmoil pushes prices higher. Will this keep going and is the price Nirvana of $60 a barrel finally in sight for Brent crude?

The softs remain becalmed this week except for Soybeans, which have made a break for the topside. Whats going on and what is the Commitment of Traders Report telling us about the grains?
US 5 Years 0:00:15, Gold 0:02:20, Silver 00:04:10, Platinum 00:05:55, Palladium 00:07:25, Copper 00:09:45, Natural Gas 00:12:25, Brent Oil 00:13:10, WTI Oil 00:17:00, Sugar 00:19:15, Soybeans 00:21:35, Corn 00:24:00, Wheat 00:25:20

 

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Jeffrey Halley

Jeffrey Halley

Senior Currency Analyst
Based in Singapore, Jeffrey has over 25 years experience in the financial markets, having traded currencies, options, precious metals and futures. Jeffrey started his career at Barclays Bank in New Zealand. However he has spent most of it in London and Asia.Jeffrey focuses on the Asia time zone across asset classes. A regular commentator on business news TV and Radio, he is originally from New Zealand and holds an MBA from Cass Business School, London.