Monday News: Commodities Price Issues

Monday News: Commodities Price Issues

While Russia is becoming an economic outcast despite its rich commodities, the rest of the world is starting to feel the effects of the sanctions.

XBR rose 10% after briefly hitting $139 a barrel. The resistance now is 130.00, the support is 123.80.

XBRUSDH1.png

 High energy prices threaten to dampen global growth, and this risk is causing market turmoil.

Palladium and copper hit historic highs, for example, palladium is $3000. Gold retreated to $1980 after touching $2000.

XAUUSDH1.png

Grain, metals and energy have risen on fears of chaos in the flow of raw materials due to the invasion and sanctions against Russia, which turn the resource giant into a global outcast.

Commodity-linked currencies, such as the Australian dollar, have strengthened. Now it’s on $0.74260 level.

AUDUSDH1.png

A growing number of companies have curtailed their operations in Russia, including streaming giant Netflix Inc. and social media service TikTok, owned by China's ByteDance Ltd.

CHF retreated against the dollar after a board member of the Swiss National Bank said it was ready to intervene to stop the rapid advance. USDCHF is approximately $0.92075.

USDCHFH1.png

Have a good trading day!

Similar

Will oil change the trend after OPEC meetings?
Will oil change the trend after OPEC meetings?

Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.

Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera