Chinese gold production rose significantly in H1 2015
Aug 11, 2015 10:16 am UTC| Commentary
According to reports from a Chinese news agency, which are based on data from the China Gold Association, China produced 228.7 tons of gold in the first half of the year, which is 8.4% more than in the same period last...
Devaluation of Chinese currency gives gold price a boost
Aug 11, 2015 10:11 am UTC| Commentary
Gold has risen to a three-week high of just shy of $1,120 per troy ounce today. Gold in euro terms has also made noticeable gains, significantly exceeding the 1,000 per troy ounce mark. The price rise was presumably...
Soybean price benefits from possible US supply cuts and robust Chinese demand
Aug 11, 2015 10:09 am UTC| Commentary
The soybean price is profiting from the expectation that the US Department of Agriculture (USDA) will downwardly revise its crop and stocks estimates in the US.The USDA will be publishing new supply and demand estimates...
Speculative net long positions in Brent fell to 6-month low at beginning of August
Aug 11, 2015 09:28 am UTC| Commentary
Speculative financial investors appear to agree - they continued to withdraw from their investments in Brent in the week to 4 August.According to the ICE, speculative net long positions were reduced by almost 29,000 to...
Oil prices rise significantly, probably due to short covering
Aug 11, 2015 09:19 am UTC| Commentary
Oil prices gained by as much as 4% yesterday and are continuing their recovery this morning after a brief interruption. Brent has risen as a result to $51 per barrel, while WTI costs more than $45 per barrel. Besides a...
Aug 11, 2015 07:31 am UTC| Commentary
The franc has depreciated palpably versus the euro in the last few days caused EUR-CHF to reach its highest level in months. The general trend of the EUR exchange rates suggests that most of the rise in EUR-CHF is due...
USD again in demand as safe haven after PBoC's decission
Aug 11, 2015 07:25 am UTC| Commentary
The PBoC todays decision to lift the USD-CNY fixing by almost 2% has thrown the market into turmoil. Concerns about the Chinese economy have resurfaced again and are weighing on the currencies of those countries for which...