During the short period (June 26th – July 5th) the price of coffee gained as much as $27 per bushel, thus reaching $187/b. The coffee price rallied as the US Dollar weakened. The rally stopped as soon as the US Dollar started recovering from the downswing.
According to the Commodity Trading Department of Masterforex-V Academy, the current instability seen in stock and currency markets, was the trigger in this case. Several days before the rally, the experts indicated that the market of coffee was oversold when the price on Arabica went below $160 per bushel. The US Dollar kept growing while coffee prices remained within a price range.
The major reason for the recent rally was the fact that speculators started closing their short trades amid an increase in the supply of the new harvest form Brazil (speculative trades do not imply the real supply of the commodity), along with market instability.
Later on, the price went back into the range. Most likely, we will see the price moving within the $187-175/b range because the USDA’s recent report feels bearish as far as coffee is concerned. However, external factors may force the price out of the price range in any direction.
As for the weather factor, it is expected to favor the current harvesting campaign.
GKFX: Updated “Market Depth” for MT4 – for Those who Want to Win
Go and conquer new dimensions of thinking. B. Werber
These days anyone may work at forex market. However, stable earning on a regular basis is only for those traders that are ready to “conquer new dimensions of thinking”, have adequate reaction to any changes at rapidly progressing markets, and remain cold-minded when taking informed decisions on the basis of thorough analysis.
It’s been almost 12 months since Facebook’s IPO. Most investors are still pondering whether they made a mistake by investing in Facebook’s stock. Some experts say that this was one of the most significant IPOs in the 21st century. However, many investors eventually suffered major losses since the IPO wasn’t successful.
Google and Microsoft are having disputes once again. This time it is all about the mobile version of YouTube. According to several internet sources, both the companies created mobile apps so that users could watch YouTube videos on Android-powered and Windows-powered smartphones.
Every trader strives for consistently profitable trade in most comfortable conditions. However, not every forex broker can satisfy trader’s needs. Only those companies that have a wealth of experience of work at financial markets possess considerable capital to support their clients’ investments and trade. They constantly innovate and improve trading conditions, thus being trusted by the community of traders and investors.
Barclays Capital experts say that the British Pound is about to see a period of weakness. They name 4 major factors that will contribute to the decline:
Firstly, the British Pound will be influenced by the pace of economic growth in the UK and the USA. They say that the current economic situation in Great Britain is even worse than overseas, simultaneously pointing out that the pace of the British economic recovery will yield to the US one.