Fri, 11 May 2012 09:44:00 +0400
Last week the price of cocoa future for June remained within the narrow range of 2280-2350. After the price drop, caused by the statement made of the government of Ghana concerning possible lack of 71 t.t. of cocoa at storages, the price failed to get over 2350.
Fundamental factors for the nearest future include the following:
- good forecast for intermediate crop in West Africa,
- prediction of sufficient precipitation for the nearest 10 days,
- cocoa processing during the 1st quarter of 2012 was lower than last year,
- cocoa stocks at stock ICE exchange storages remain above 5-year level.
According to Commodity Trading Department of Masterforex-V Academy, by the end of June future price may drop. Seasonal trend gives another proof to such price development. Demand-supply analysis for next year shows that there may form balance or minor deficit. What is more, in such circumstances price development usually coincides with seasonal trend.
You are free to discuss this article here: forum for traders and investors
Apple and Samsung closed 2014 as the leaders of the global market of tablets even though they showed various results, Market Leader reports.
There is no doubt that Forex is the world’s biggest financial market. At the same time, it is the most liquid market in the entire world. That is why millions of new traders come to the market every years. Still, currencies are not the only assets you can traded to make big money regularly. Apparently, there are some other assets that are liquid enough to let you enjoy stable profits at all times. In particular, you can trade futures, CFDs (contracts for difference), stocks and stock indexes.
According to several online sources, Amazon has just announced a new function allowing the user to download commercial mobile apps for free, Market Leader reports.
Market Leader reports that the United States Patent and Trademark Office revealed another patent claimed by Apple. This is going to be a whole new type of keyboards.
Last year, a lot of online sources spread rumors that Google is going to put an end to the production of the famous Nexus series of smartphones in order to focus on more expensive Android-powered devices, Market Leader reports. Still, these rumors have failed to manifest themselves so far.
Yesterday, on March 18th, the U.S. stock market gained value on big trading volume after an «unexpected» report on the Fed’s monetary policy that followed the 2-day FOMC meeting.
The hi-tech stock index, which is NASDAQ, gained 0,9%, thereby closing at 4982,71. This is close to the major high of 5000, which was hit for the first time in 15 years on mArch 2nd, 2015. At the same time, the broad market index - S&P500 - gained 1,2% over the same reporting period.
The global market of crude oil is currently pretty dynamic, with considerable price fluctuations. What factors affect the market? Which side to gain the upper hand in the near future - the bulls or the bears?
After a short period of stable oil prices, the downtrend seems to have resumed again, Market Leader reports. Yesterday, WTI dropped below $43 per barrel.
Apple is said to be getting ready to release an exclusive series of Apple Watch made of gold, Market Leader reports. Apparently, the gadget is going to cost a fortune. Still, the High-Tech Department of Masterforex-V Academy reports that the golden variant of Apple Watch is going to cost 10 times as much as an ounce of gold. Even experts were shocked by the announced price, not to mention the fans of Apple devices.