Palladium may regain strength; auto sales in focus

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals tumbled on Wednesday  amid weaker equities and firmer US Dollar. The commodity group lacked clear direction over the week as further actions of the Fed stayed uncertain. Meanwhile, a smaller than expected increase in the durable goods orders sparked mass commodity selling among investors. Gold and silver moved in tandem during the day while platinum and palladium seemed to be persistently exposed to the fall in China's car sales. Palladium is likely to recover after a sharp tumble as the demand remains strong due to expected 5.3% gain in vehicle sales. Moreover, popularity of the green policies in the EU may stimulate demand for the metal.
strength
Back to articles

Actual Topics

Thu, 29 Mar 2012 17:45:51 GMT

Base metals tumbled after disappointing durable goods data

Industry metals followed a downward trend on Wednesday, being pressured by broadly stronger US Dollar. Disappointing durable goods data that undermined confidence in stable US recovery also weighted down on the base metals pack. Moreover, weakening China's demand and soft global equities pushed the growth-sensitive commodities even lower. Aluminium continued to slide amid expected oversupply in the market while uncertainty

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.