Coffee futures tilt higher ahead of the weekend

Economies.com
6 years ago

Coffee futures tilted higher in American trade, shrugging off the dollar's rise, which follows a spate of data from the U.S., the world's largest economy.
 
As of 08:27 GMT, coffee futures due on March 16 rose 0.37% to $148.15 a pound from the opening price of $147.50, with an intraday high at $149.20, and a low at $147.20, while the dollar index rose 0.19% to 100.84 from the opening of 100.71.
 
Earlier U.S. data showed import prices up 0.4% m/m in January, slowing down from 0.5% in December, while passing expectations of a 0.2% rise.

The University of Michigan released its consumer confidence report for February, showing a dip to 95.7 from 98.5 in the previous reading, which was revised higher from 98.1, while analysts expected 97.9.
 
The current economic conditions index at the same UoM report fell to 111.2 from 111.3, while consumer's expectations fell to 85.7 from 90.3.

Consumer's expectations for one-year inflation rose to 2.8% from 2.6%, while for five-year inflation inched down to 2.5% from 2.6% in January.

Commodities News

Gold News

Commodities

Gold prices edge up as dollar tapers off
10 hours ago
Gold prices rose on Monday mildly as the dollar weakens against most major rivals while markets ...
Brent Oil News

Commodities

Brent hits five-week high as Saudi production declines
15 hours ago
International Benchmark Brent rallied over 3% in European trade for the third straight session, ...
Gold News

Commodities

Gold edges down as dollar strengthens
18 hours ago
Gold prices fell in European trade for another session on track for two-month lows, as dollar ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Midday update for Brent oil 05-06-2023
18 hours ago
Brent oil price trades with strong positivity to move away from 76.80 level and reach the ...
Oil Analysis

Commodities

Midday update for Crude oil 05-06-2023
18 hours ago
Crude oil price rallied upwards strongly to start attacking 73.80 level, waiting to breach this ...
Silver Analysis

Commodities

Midday update for Silver 05-06-2023
18 hours ago
Silver price shows new negative trades to press on 23.50 level, waiting to break this level to add ...