In recent days, the London Metal Exchange is showing signs of emerging copper deficit. This is indicated by a surge in premiums on contracts of the metal with immediate delivery compared to contracts for a later date.
A decrease of the indicator value may contribute to the fall in quotes of JPY.
An increase of the indicator value may contribute to the rise in quotes of CAD.
A decrease of the indicator value may contribute to the rise in quotes of Nickel, Platinum, Palladium, Copper.
A decrease of the indicator value may contribute to the fall in quotes of GBP.
An increase of the indicator value may contribute to the rise in quotes of Gasoline.
A decrease of the indicator value may contribute to the rise in quotes of Gasoline.
An increase of the indicator value may contribute to the fall in quotes of Heating Oil.
Gold emerged as another in-demand asset last year. Global central banks boosted their bullion reserves by over 1,000 tons, a record amount, doubling the annual level seen in the previous decade.
The European Union is ready to make another attempt to reach a free trade agreement with Australia. The parties have been trying to secure the deal since 2018, but now they face a common threat—Donald Trump's aggressive import tariffs, Bloomberg reports.
Over the month, the Canadian dollar has shown the strongest performance among G10 currencies, according to Investing.com. However, ING analysts view the loonie's prospects as less attractive compared to other G10 currencies.
