Commodity Prices Today - Metals, Energy, Agriculture, etc
| Type | Unit | Chg | Chg(%) | Price |
|---|---|---|---|---|
| BRENT CRUDE (ICE) | USD/bbl. | 0.11 | 0.12% | 89.12 |
| COPPER (COMEX) | USD/lb. | 130.5 | 1.32% | 9,995.50 |
| CRUDE OIL WTI | USD/bbl. | 0.07 | 0.08% | 83.64 |
| GASOLINE RBOB (NYMEX) | USD/gal. | 0.0089 | 0.32% | 2.77 |
| GOLD SPOT | USD/t oz. | 3 | 0.13% | 2,345.50 |
| HEATING OIL (NYMEX) | USD/gal. | 0.0128 | 0.5% | 2.56 |
| RUBBER (TOKYO) | JPY/kg. | -1.9 | -1.18% | 158.50 |
| LIVE CATTLE (CME) | USD/lb. | 0.05 | 0.03% | 184.00 |
| LONDON COFFEE (ICE) | USD/lb. | -392 | -8.62% | 4,154.00 |
| LUMBER (CME) | USD/1000 board feet. | -6.5 | -1.26% | 508.00 |
| NATURAL GAS (NYMEX) | USD/MMBtu. | -0.061 | -3.07% | 1.93 |
| NICKEL (MCX) | INR/kg. | 281.5 | 1.47% | 19,438.50 |
| PALLADIUM (NYMEX) | USD/t oz. | -14.72 | -1.5% | 967.28 |
| PLATINUM SPOT | USD/t oz. | 3.95 | 0.43% | 924.45 |
| SILVER (COMEX) | USD/t oz. | -0.115 | -0.42% | 27.24 |
| COCOA (ICE) | USD/MT. | -376 | -3.42% | 10,612.00 |
| CORN (CBOT) | USD/bu. | -0.62 | -0.14% | 440.38 |
| COTTON (ICE) | USD/lb. | 0.17 | 0.21% | 81.25 |
| SUGAR (ICE) | USD/lb. | -0.01 | -0.05% | 19.47 |
| WHEAT (CBOT) | USD/bu. | 0.75 | 0.12% | 603.00 |
| GOLD (COMEX) | USD/dmtu. | 4.21 | 0.18% | 2,335.99 |
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
Which commodity is most influential to the Australian Dollar?
The main commodities exported by Australia include iron ore and its concentrates, coal, gas, oil, and gold. Two of these, iron ore and gold, correlate positively to the price movements of AUD/USD. Take a look at the chart below, which compares the price movement of iron ore against AUD/USD.
Continue Reading at How Commodity Prices Affect the Australian Dollar
Why are commodity prices influential to the Australian Dollar?
The Australian dollar (AUD) is a commodity currency, meaning its value is closely linked to the prices of commodities. Australia is one of the largest exporters of mining materials in the world, so high commodity exports drove its rapid growth to become a world economic giant. As such, the AUD exchange rate is closely linked to the US Dollar (USD) as commodity price quotes in international trade are generally quoted in US Dollars.
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
What is the relationship between commodity, US Dollar, and Australian Dollar?
Aussie (Australian Dollar) and commodity prices usually move against the US Dollar. This means that commodity prices move against the US Dollar but in the same direction as the Australian Dollar and other Comdolls.
For anyone using a swing trading strategy, this could be an important factor to watch. The same goes for long-term traders who employ a "buy and hold" strategy. Even fundamental analysis-based day traders can benefit from understanding intermarket analysis, especially when commodity price fluctuations affect a country's expected inflation, GDP, and interest rates.
Continue Reading at How Commodity Prices Affect the Australian Dollar
Articles About Commodities
