Wednesday, July 8

Commodities

Commodities Trading and Risk Management Software Market Growth By Manufacturers, Type And Application, Forecast To 2026 – 3rd Watch News
Commodities

Commodities Trading and Risk Management Software Market Growth By Manufacturers, Type And Application, Forecast To 2026 – 3rd Watch News

New Jersey, United States,- Market Research Intellect sheds light on the market scope, potential, and performance perspective of the Global Commodities Trading and Risk Management Software Market by carrying out an extensive market analysis. Pivotal market aspects like market trends, the shift in customer preferences, fluctuating consumption, cost volatility, the product range available in the market, growth rate, drivers and constraints, financial standing, and challenges existing in the market are comprehensively evaluated to deduce their impact on the growth of the market in the coming years. The report also gives an industry-wide competitive analysis, highlighting the different market segments, individual market share of leading players, and the contemporary market scenario and the m...
Singapore-based Hontop Energy accused of suspicious trades – Financial Times
Commodities

Singapore-based Hontop Energy accused of suspicious trades – Financial Times

Collapsed oil trader Hontop Energy has been accused by its biggest lender of “suspicious transactions” in the latest scandal to rock Singapore’s commodity sector. Malaysian bank CIMB made the allegations in a court affidavit requesting the appointment of an independent supervisor to oversee Hontop so creditors can try to hammer out a restructuring agreement. Singapore’s High Court granted the application last week, according to a filing seen by the Financial Times, and named accountants RSM as interim judicial managers. Hontop has debts of more than $500m and owes CIMB $106m. The latest scandal to hit the global commodity hub in Singapore has fuelled questions about its regulatory framework and oversight of trading houses.  It follows the blow-ups of Hin Leong Trading — whose bill...
From commodities to compliance! Meet Karolina Obalkowska, Head of Onboarding at CFH – FinanceFeeds
Commodities

From commodities to compliance! Meet Karolina Obalkowska, Head of Onboarding at CFH – FinanceFeeds

FinanceFeeds speaks to Karolina Obalkowska about her international commercial background, extensive experience within the commodities sector and her implementation of a semi-automated process of Client Onboarding ensuring compliance with applicable rules and regulations when onboarding FX brokerages Companies in today’s trading environment have vastly expanded on the ability of providing second to none technology in an ever evolving electronic trading market. This is encompassed and supported by building strong client relationships, which is always at the forefront of any successful business. Generally, great emphasis is being placed on the need of clients, such as retail FX brokerages, to ensure that their trading requirements are seamlessly met. However, over the past decade, legis...
Encouraged traders hoist Domino’s, Papa John’s, Yum Brands stock values – Pizza Marketplace
Commodities

Encouraged traders hoist Domino’s, Papa John’s, Yum Brands stock values – Pizza Marketplace

Though it was a rough week for Pizza Inn and Pie Five parent, Rave Restaurant Group, other major publicly traded pizza companies fared well over the shortened Independence Day work week. Aside from a pretty lousy week in trading for Rave Restaurant Group, the parent company of Pizza Inn and Pie Five, pizza stocks traded higher in the shortened week of activity before the Independence Day holiday. In fact, stocks, in general, trended higher at the close of trading last Thursday after federal reports of gains in the number of jobs added to the U.S. economy last month. For Michigan-based pizza powerhouse, Domino's, optimistic traders lifted that stock's value $8.28 on the week to end up at the close of trading Thursday afternoon at $365.81. Meanwhile, at the Kentucky-based pizza purveyor,...
MOVES-Singapore’s Concord Energy hires crude oil trader from ZenRock – Reuters Africa
Commodities

MOVES-Singapore’s Concord Energy hires crude oil trader from ZenRock – Reuters Africa

(Corrects Concord Energy’s chairman and owner to Julien La Chon, not Nasrat Muzayyin, in first paragraph) SINGAPORE, July 6 (Reuters) - Concord Energy Pte Ltd has hired Jason Lai to take charge of its crude oil trading business, the Singapore-based company’s Chairman and owner Julien La Chon told Reuters in an email. Lai, who starts with Concord Energy on Monday, reports to Li Bo, head of trading at the company, he said. Lai was formerly a senior crude oil trader at Singapore-based ZenRock Commodities Trading Pte Ltd which is now under judicial management. ZenRock owed more than $600 million to creditors after it was hit by tumbling oil prices and the coronavirus pandemic. (Reporting by Florence Tan; Editing by Shailesh Kuber)
Your Money: Day trading vs swing trading – pros and cons – The Financial Express
Commodities

Your Money: Day trading vs swing trading – pros and cons – The Financial Express

Both the trading techniques require concentration and perseverance. Investing style depends on the preference, goals and funds available with the investor. Some traders love hurried single-day trades whereas some keep their positions open for days. However, it is important to understand that both day and swing trading have specific benefits. Both the trading techniques require concentration and perseverance. Success depends upon an optimal number of trades, adaptability to fluid market conditions and consistent course of action. Swing trading Identifying swings in stocks, currencies and commodities that take place over a period of days is the basis of swing trading. It may take a few days to a few weeks to work out. Swing trading is less time-intensive and is usually practised on higher...
Commodities worth $904m traded at IME in a week – Tehran Times
Commodities

Commodities worth $904m traded at IME in a week – Tehran Times

TEHRAN- Over 639,000 tons of commodities valued at $904 million were traded at Iran Mercantile Exchange (IME) in the past Iranian calendar week (ended on Friday), IME Public Relations Department reported. Last week, on the domestic and export metal and mineral trading floor of IME, 98,226 tons of various products worth $312 million were traded. On this trading floor, 89,718 tons of steel, 4,780 tons of copper, 3,350 tons of aluminum, 170 tons of molybdenum concentrates, 18 tons of precious metal concentrates as well as 190 tons of zinc were traded by customers. The report declares that on domestic and export oil and petrochemical trading floors of IME, 540,645 tons of different commodities with a total value of $611 million were traded. On this trading floor, 255,000 tons of VB feed st...
‘So Unstable and So Volatile’: Oil Crash Crushes Individual Investors, Prompts Trading Overhaul – The Wall Street Journal
Commodities

‘So Unstable and So Volatile’: Oil Crash Crushes Individual Investors, Prompts Trading Overhaul – The Wall Street Journal

For decades, regular people didn’t trade commodities. But electronic trading and new investment products prompted amateur investors to start buying and selling oil. When prices crashed in April, that foray turned into a disaster, spreading billions of dollars in losses to ordinary people. Many of them then missed out as oil surged in May and June, posting its best quarter in 30 years. Now...
Commodities Trading and Risk Management Software Market Share, Growth, Statistics, by Application, Production, Revenue & Forecast to 2025 – 3rd Watch News
Commodities

Commodities Trading and Risk Management Software Market Share, Growth, Statistics, by Application, Production, Revenue & Forecast to 2025 – 3rd Watch News

The ‘ Commodities Trading and Risk Management Software market’ study added by Market Study Report, LLC, exhibits a comprehensive analysis of the growth trends present in the global business scenario. The study further presents conclusive data referring to the commercialization aspects, industry size and profit estimation of the market. The study also illustrates the competitive standing of leading manufacturers in the projection timeline whilst incorporating their diverse portfolio and regional expansion endeavors. The research report on Commodities Trading and Risk Management Software market provides a thorough assessment of this business vertical. As per the study, the market is predicted to accumulate significant revenues and showcase a substantial growth rate during the estimated time...
XAUUSD – today’s gold price
Commodities, Forex News

XAUUSD – today’s gold price

XAUUSD, H4 Yesterday (June 2) the gold price fluctuated during the US economic data announcement. The non-farm payroll employment in the United States came out better than expected at 4,800K from the forecast of 3,000K, as well as the unemployment rate which came in at 11.1% from the forecast number 12.3%. However, the number of unemployed was higher than predicted and the hourly income came out lower than expected. Overall, the economic numbers still confirm that the economic recovery continues. The stock market has rebounded strongly this week and the 10-year US Treasury yield had its best week in four, closing at 0.669. Although the overall economic recovery may have reduced the safe haven demand for Gold however, the background remains one of a risk of the coronavirus outbreak extendi...