Surging greenback could help press pause on dollar-denominated commodities

Interest rates were increased by 50 basis points in an early-May Fed meeting, and there was strong insinuation the move would be followed by another hike of 50 points at the June meeting and perhaps several more later this year. Higher yield is attracting [...]

Cocoa breaks down to some key technical support levels

A day after the Federal Reserve cut a quarter of a point in reaction to weaker economic signs, cocoa prices continued to sag. Prices ended the last day of July hovering just above two key technical levels of support: the 200-day moving average ($2,344) [...]

Go to Top