{
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A trading opportunity has emerged in New York Cocoa futures, recommending a short position due to repeated resistance tests below $9500 and a prevailing downtrend. The entry point is set around $9450, with a stop loss at $9700 and a target of $8000, offering a favorable risk-reward ratio of nearly 6 to 1. Traders should remain cautious as market conditions can shift rapidly.
Australian farmland prices are projected to grow by 3% in 2025, recovering from a 6% decline in 2024, following a significant 79% increase from 2020 to 2023. Variations in land values were noted, with grazing land down 13% and arable land only 2.6%. Factors such as falling commodity prices and rising interest rates impacted purchasing power, but a positive outlook for key commodity prices and potential interest rate cuts may support land values moving forward.
Gold remains a key asset for central banks, providing a hedge against currency fluctuations and geopolitical risks. Countries like China, India, and Russia have significantly increased their gold reserves, with China holding over 2,270 tonnes and India adding nearly 320 tonnes since 2017. Meanwhile, Poland and other EU nations have also ramped up their gold purchases, reflecting a broader trend of diversifying monetary reserves amid global economic uncertainties.
Gold prices fell over 2% following a temporary tariff deal between the U.S. and China, with spot gold down 2.5% at $3,239.54 an ounce. The U.S. will reduce tariffs on Chinese imports from 145% to 30%, while China will cut duties on U.S. goods from 125% to 10%. This shift in sentiment boosted the U.S. dollar and global shares, impacting gold's appeal as a safe haven.
Gold prices are consolidating as the trade dispute between the USA and China eases, with tariffs set to be mutually reduced for 90 days. US tariffs on Chinese imports will drop from 145% to 30%, while China's tariffs on US goods will decrease from 125% to 10%. Investors are now focused on upcoming US inflation data, with the psychological $3,000 mark in sight and the $3,200 level from May 1 being significant.
Global uncertainty and central bank purchases are supporting the precious metals sector, while industrial metals see slight gains. However, a strong increase in production is negatively impacting the energy sector. The US economic outlook remains cautious amid geopolitical tensions and trade policy unpredictability, leading to reduced corporate profit estimates and a challenging environment for investments.
UBS analyst Lavanya Tottala has lowered the price target for Multi Commodity Exchange of India Ltd (MCX) to INR 7,000 from INR 7,250 while maintaining a Buy rating. The adjustment follows a notable increase in Futures and Options daily turnover, driven by global uncertainties, although average daily values have since declined but remain elevated due to volatility in the bullion sector. Tottala remains optimistic about MCX's growth potential, anticipating new product launches that could enhance performance in the medium term.
UBS analyst Lavanya Tottala has lowered the price target for Multi Commodity Exchange of India Ltd (MCX) to INR 7,000 from INR 7,250 while maintaining a Buy rating. The adjustment follows a notable increase in the average daily value of futures and options trades, driven by global uncertainties and high volatility in precious metals. Despite the price target change, Tottala remains optimistic about MCX's growth potential, anticipating new product launches to support medium-term expansion.
UBS analyst Lavanya Tottala has reduced the price target for Multi Commodity Exchange of India Ltd (MCX) to INR 7,000 from INR 7,250 while maintaining a buy rating. The adjustment follows a notable increase in daily turnover for futures and options, driven by global uncertainties and heightened volatility in precious metals. Despite the price target cut, Tottala remains optimistic about MCX's growth potential, anticipating new product launches that could further enhance performance in the medium term.
The global crop production outlook for the 2024 harvest shows improvement, particularly in Europe, where producer prices have rebounded, especially in Ukraine. However, wheat and rapeseed prices remain stable, while maize and soybean prices are expected to decline in the US and Canada, leading to a sustained slump. Rising machinery costs are anticipated to reduce profit margins, prompting discussions on contractor use and machinery sharing.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
shorting new york cocoa futures amid market volatility and resistance tests
05:58 13.05.2025
Australian farmland prices forecasted to rebound modestly in 2025
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global trends in gold reserves and investment strategies among nations
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gold prices drop over 2 percent as us china tariff deal announced
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ubs lowers mcx price target to 7000 while maintaining buy rating
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UBS lowers MCX price target to 7000 while maintaining buy rating
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global crop production outlook improves but challenges persist for farmers
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