The Latest Breaking News from MRCI

While countries struggle with Central Bank indecisions on interest rates, the harvest season in Australia is predictable. Australia boasts a robust commodity base, frequently called a commodity currency. Commodities account for a large share of Australia's exports, so movements in commodity prices result in movements in export prices. Exports lead…

Late December's tax-driven selling pressures drove oil prices down. As if on cue, seasonal buying pressure emerged, injecting a fresh wave of optimism into the crude oil market. This demand is not without purpose; it marks the onset of preparations for the impending summer driving season. Refiners embark on a…

The recent gold rally stalled on March 08, at $2,203, and has since ground lower as the market awaits this week's global Central Banks decisions on interest rates and economic conditions. Gold's recent rally has good support from the managed money community. Have the funds become too optimistic too quickly?…

Copper prices traded on the CMEGroup Exchange surged today as the market broke out of a 7-month trading range. Early indications are that the move was tied to news that Chinese smelters agreed to cut production. China is the world leader in copper imports, and the smelters process half of…