Precious Metals and Commodities Weekly (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 still rising as we get closer to a decision on the new Chairperson of the Federal Reserve. Gold continues to be under pressure, but is this picture reflect with other precious metals?

Copper is on a roll as China growth and a non-event People’s Congress sees Chinese retail pile into base metals.

Over in energy, natural gas continues to range but is drifting higher as winter approaches. Oil treads water with the Commitment of Trader’s report showing very heavy long positioning. We may need some new developments in oil markets to give crude fresh legs.

The softs remain becalmed this week with range trading the order of the day in the bigger picture, despite some impressive intra-day gains during the week. Overall though, the agricultural commodities are still in “bring a good book to read” mode.
US 10 Years 0:00:05, Gold 0:02:00, Silver 00:04:30, Platinum 00:06:20, Palladium 00:08:05, Copper 00:10:15, Natural Gas 00:12:30, Brent Oil 00:13:50, WTI Oil 00:16:10, Sugar 00:18:30, Soybeans 00:19:45, Corn 00:21:20, Wheat 00:22:35

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 Market Analyst, Asia Pacific
With more than 30 years of FX experience – from spot/margin trading and NDFs through to currency options and futures – Jeffrey Halley is OANDA’s senior market analyst for Asia Pacific, responsible for providing timely and relevant macro analysis covering a wide range of asset classes. He has previously worked with leading institutions such as Saxo Capital Markets, DynexCorp Currency Portfolio Management, IG, IFX, Fimat Internationale Banque, HSBC and Barclays. A highly sought-after analyst, Jeffrey has appeared on a wide range of global news channels including Bloomberg, BBC, Reuters, CNBC, MSN, Sky TV, Channel News Asia as well as in leading print publications including the New York Times and The Wall Street Journal, among others. He was born in New Zealand and holds an MBA from the Cass Business School.
Jeffrey Halley
Jeffrey Halley

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