Energy commodities advanced on Monday on escalated geopolitical tensions

Note: This section contains information in English only.
Source: Dukascopy Bank
Energy commodities were mixed on Monday amid depreciating US Dollar and lingering supply disruption concerns. Brent and crude oil continued to be exposed to the key macroeconomic data from the US and China. Fed announcement that the US economy still faces challenges on its way to recovery created downward pressure on the commodity group. At the same time, escalated geopolitical tensions between Iran and Western economies lent some support for Brent and crude oil. Natural gas futures bounced from previous lows on the increased dip buying. Moreover, investors started to cover their short positions in the commodity. From the supply side, the number of the natural gas drills in the US hit the 10-year low.


Back to articles

Actual Topics

Tue, 20 Mar 2012 15:26:43 GMT

FTSE 100 index down on inflation data

British FTSE 100 index extended losses on Tuesday after BHP Billiton announced the demand for iron ore from China was falling. Resource stocks weighed heavily on the index with BHP Billiton tumbling 3.4% and Fresnillo slipping 4.4%. Rio Tinto and Kazakhmys lost 3.7% and 2.8% respectively. Banking shares declined after data showed UK inflation climbed 3.4% and remained above BoE

Tue, 20 Mar 2012 17:49:20 GMT

Industry metals rose on Monday on weaker US Dollar

Base metals advanced on Monday amid broadly weaker US Dollar and growing energy prices. The industry metals pack continued to balance between the positive headlines from the US and signs of stagnation in China's economy. However, improving situation in the Euro Zone after the Euro Zone leaders agreed on the second Greek bailout package continued to push the growth-sensitive commodities

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.