Commodity Prices Today - Metals, Energy, Agriculture, etc
| Type | Unit | Chg | Chg(%) | Price |
|---|---|---|---|---|
| BRENT CRUDE (ICE) | USD/bbl. | 0.19 | 0.23% | 83.94 |
| COPPER (COMEX) | USD/lb. | 21 | 0.21% | 9,933.00 |
| CRUDE OIL WTI | USD/bbl. | 0.17 | 0.21% | 79.42 |
| GASOLINE RBOB (NYMEX) | USD/gal. | -0.0007 | -0.03% | 2.54 |
| GOLD SPOT | USD/t oz. | 1.2 | 0.05% | 2,317.20 |
| HEATING OIL (NYMEX) | USD/gal. | 0.0036 | 0.14% | 2.49 |
| NATURAL GAS (NYMEX) | USD/MMBtu. | 0.001 | 0.05% | 2.18 |
| PALLADIUM (NYMEX) | USD/t oz. | -0.25 | -0.03% | 957.78 |
| PLATINUM SPOT | USD/t oz. | 1.35 | 0.14% | 985.70 |
| SILVER (COMEX) | USD/t oz. | 0.115 | 0.42% | 27.66 |
| CORN (CBOT) | USD/bu. | 1.38 | 0.3% | 460.38 |
| COTTON (ICE) | USD/lb. | -0.57 | -0.71% | 79.33 |
| WHEAT (CBOT) | USD/bu. | 1.85 | 0.29% | 636.60 |
| GOLD (COMEX) | USD/dmtu. | 3.26 | 0.14% | 2,312.31 |
UNIT DESCRIPTION:
- USD : United States Dollar
- INR : Indian Rupees
- JPY : Japanese Yen
- kg. : Kilo Gram
- bu. : Bushel
- lb. : Pound
- t oz. : Troy Ounce
- bbl. : Barrels
- MT. : Metric Ton
- gal. : Gallon
- MMBtu. : Million BTU (British Thermal Unit)
- cwt. : Hundred weight
- tbf. : Board Foot
- st. : Stone
- dmtu. : Dry Metric Tonne Unit
What is the correlation between commodity prices and the Australian Dollar?
When commodity prices rise, it makes Australian exports more valuable, strengthening the Australian dollar. Conversely, when commodity prices fall, Australian exports are less valuable, weakening the Australian dollar.
Traders can use this relationship between commodity prices and the Australian dollar to make predictions about the future direction of the Australian dollar. For example, if they believe that commodity prices are going to rise, they might buy Australian dollars in anticipation of the currency's strengthening.
Continue Reading at How Commodity Prices Affect the Australian Dollar
What are the commodities included in CFD assets?
There are plenty of commodity CFD assets to trade with. Some of the most important ones are gold and other precious metals, grains, beef, oil, and natural gas.
Continue Reading at Understanding CFD Assets in Forex Brokers
What are the principles of analyzing Australian Dollar and commodity prices?
- Commodity prices and the Australian dollar move in the same direction.
- Commodity prices are in opposition to the US Dollar.
- Commodity prices are positively correlated with AUD/USD.
- The correlation between gold prices and AUD/USD is as high as 80 percent.
- The relationship between commodity prices and the Australian Dollar can be used as a basis for fundamental analysis of the AUD/USD pair.
Continue Reading at How Commodity Prices Affect the Australian Dollar
Can US Dollar Index affect international trade and commodities?
Yes, it can. As the dollar strengthens or weakens, it affects the purchasing power of other currencies, impacting import and export competitiveness. Commodities, such as gold and oil, are often priced in US dollars, so changes in the USDX can influence their prices and demand.
Continue Reading at How to Use US Dollar Index (DXY) for Analysis
Articles About Commodities