Commodities trading with ActivTrades

Few brokers give you access to all types of markets like ActivTrades does. With ActivTrades we have access to currencies, stocks (CFDs), indices and even commodities. Trading commodities gives you the advantage of diversifying your portfolio and hedging among closely correlated instruments for advanced trading strategies. But you can also trade commodities in a simple way, just like trading any other instrument. Keep in mind that the technical analysis that we use in other markets can also be used in commodities. For a full list of the commodities available for trading with ActivTrades, please visit:

https://www.activtrades.co.uk/index.aspx?page=cfds_commodities_overview

At the site, you may also find a full list of margins and spreads on different commodities, which by the way are the most competitive in the market.

The EUR/GBP bounces from the 0.7100 level

Yesterday the Euro versus the Pound dropped to the 0.7100 level and it stopped at that round number level. Today we see that the price has bounced from that level to the upside, but the bearish trend is still in place on this pair. We are awaiting a possible breakout of the trendline, which could take the price to the 0.7200 level, but we cannot be so sure about a trend change until the price definitely breaks above the 0.7200 level. A breakout below the 0.7100 level could cause the bearish momentum to accelerate and its next support could be the 0.7000 level.

The Euro appears to be taking back its bearish trend

The Euro weakens for today versus the Dollar and it seems like it wants to retake its longer-term bearish trend, due to the fact that the markets are focusing again on the divergence between the monetary policies of the Federal Reserve of the United States and the European Central Bank. While the European stocks rise due to a possible agreement between Greece and its creditors, the Euro weakens as it is being used to finance the purchase of higher yielding currencies in a move known as the Carry Trade.

How low can the Kiwi drop?

The New Zealand Dollar continues weakening versus the US Dollar, especially on a day like today when the Dollar has been gaining a lot of strength versus its main counterparts. It is possible that the pair keeps its bearish trend, due to the fact that the Reserve Bank of New Zealand is currently easing on its monetary policy while the FED is thinking about raising its interest rates for this year. The next important support for the NZD/USD could be the 0.6800 level. A visit to that level may cause the price to stall there, but we must keep in mind that the bearish trend is still in place.

Oil keeps consolidating

The consolidation that oil is keeping has formed what it appears to be a symmetrical triangle with the 56.44 as support and the 62.73 as resistance. Symmetrical triangles usually behave as continuation patterns, meaning that the price continues in the direction where it was coming from, but in reality the price may break out in any direction. The only inconvenience of a bullish breakout is that we have the 200 exponential moving average around the 63.61 level, which could act as a good resistance.

Risk appetite dampens on the Euro

The current situation with Greece keeps the risk appetite on the Euro very low and even though the Dollar should have fallen more versus the Euro, the uncertainty keeps the Euro down. The stock markets in Asia have been favored by the drop in the Dollar and the Nikkei index rises 0.9%. The US stock indices also closed to the upside yesterday. Apparently, investors and traders are pricing in one single interest rate hike from the FED and not two hikes as anticipated for this year.

The GBP/JPY reaches 7 year highs

The Pound continues to strengthen versus the Yen and it has reached highs not visited since September, 2008, just above the 195.00 level. The price stalls at the 195.00 zone, but the bullish momentum is still in place and a visit to the 196.00 level is possible. Due to the fact that the main trend is bullish, we could take advantage of the bearish pullbacks to take long entries, but we must be aware that the price may try to make a longer correction, because the pair is clearly overbought.