{"id":17763,"date":"2021-05-07T07:42:32","date_gmt":"2021-05-07T05:42:32","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=17763\/"},"modified":"2021-05-07T07:46:51","modified_gmt":"2021-05-07T05:46:51","slug":"a-new-supercycle-of-commodities","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/a-new-supercycle-of-commodities\/","title":{"rendered":"A new supercycle of commodities"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 1820,865
\n(+0,32%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,2065
\n(+0,02%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 34466,50
\n(+3,69%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 65,155
\n(+6,62%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a015265
\n(+0,55%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

We are not claiming that a new commodity supercycle is coming. That’s what analysts who have been impressed by the growth of recent weeks in commodity markets are saying. And it is important for us, as traders, to know how to take advantage of the emerging opportunities in the forex market.<\/p>\n


\naud\/usd<\/strong><\/p>\n

\"audusd\"<\/p>\n

Strong demand from China, increased government spending on economic recovery programmes after the pandemic. And the trend towards “greening” the global economy has lifted prices for many important raw materials.
\nIron ore, a key ingredient needed to make steel, palladium, used by carmakers to limit emissions, and timber hit record highs last week. Key agricultural commodities, including grains, oilseeds, sugar and dairy products, also jumped, with corn prices topping $7 a bushel for the first time in eight years.
\nAt the same time, copper, the world’s most important industrial metal, is trading above $10,000 for the first time since 2011 and soybeans have reached an eight-year high. The S&P GSCI spot index, which tracks price movements of 24 commodities, is up 24% this year.
\nOf course, you could look at commodity CFDs. But forex traders have a good alternative. These are commodity currencies. Traditionally we are talking about the Canadian, Australian and New Zealand dollars.
\nIf we look at the daily charts, we can see that the Canadian and New Zealand dollars have gained enough since the beginning of the year. The Australian dollar, on the other hand, is now trading at the same levels as at the start of the year. Meanwhile, the main export commodity, iron ore, has risen strongly and demand from China continues to increase.
\nThis could lead to a strong uptrend at any time, with an upward move out of the range of recent months. The interesting thing is that it is not only the USD and the EUR which are likely to rise. But also in the crosses against the New Zealand dollar and the Canadian dollar. Especially interesting is the situation in the aud\/cad pair. On the daily chart, the 200-day moving average is rising and the price is below it, at the important round level of 0.95.<\/p>\n

14.30 US non-farm payrolls for April
\n14.30 US unemployment rate for April
\n14.30 Canadian unemployment rate for April
\n14.30 Canadian Employment Change for April<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 1820,865 (+0,32%) EURUSD\u00a0 \u00a01,2065 (+0,02%) DJIA\u00a0 34466,50 (+3,69%) OIL.WTI\u00a0 65,155 (+6,62%) DAX\u00a0 \u00a015265 (+0,55%) We are not claiming that a new commodity supercycle is coming. That’s what analysts who…<\/p>\n","protected":false},"author":37,"featured_media":17595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nA new supercycle of commodities | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"We are not claiming that a new commodity supercycle is coming.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/a-new-supercycle-of-commodities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A new supercycle of commodities | Bernstein Bank\" 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