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Fresh from the Trading Room: Corn, Cattle, Canada
Bank of Canada's recent interest rate cut, the first among G7 central banks, could be a harbinger of similar actions by other central banks in developed economies. The shift towards looser monetary policy could have significant implications for commodities. Investors will closely monitor the latest inflation data from major economies to determine if the figures align with policymakers' expectations. Markets in focus Figure 1: Corn futures (Dec 2024) chart The rally in May demonstrated potential but faced resistance, leading to a retracement. Despite this, the bullish technical setup remains intact within an ... (full story)
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- Posted: Jun 21, 2024 11:01am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,674
