stainless steel runs smoothly and nickel demand is still guaranteed

Stainless steel runs smoothly and nickel demand remains strong.

At the macro level, economic expectations are heating up, domestic economic conditions are improving, and market sentiment is optimistic.

In terms of industry, nickel ore supplies are tight and the price remains high. Ferronickel plants do not wish to ship goods at a loss, while stainless steel orders are good and prices remain stable

In general, the demand for nickel in the downstream industry is still guaranteed, and the Shanghai nickel market should not be pessimistic. The reference range of Shanghai Nickel 2102 contract is 115,000-123,000 yuan/ton, and the reference range of SS2102 contract is 1,3000-13600 yuan/ton.

In terms of operation, Shanghai nickel is long on dips, while stainless steel is on the sidelines.

Uncertainty risks: epidemic development, overseas economic stimulus policies, nickel resource imports, changes in stainless steel capacity utilization

One

Market review

Nickel prices dropped overall this week. Although the macro environment is generally positive, the continuous rise of the metal sector in the early stage has caused a phased correction in the sector, which has brought certain pressure on the nickel price. In addition, the industry is generally stable and there is no obvious good news for the time being. The transaction price of ferronickel is still at a low level, only nickel ore still has support.

Open the app to read the latest report

two

Analysis of price influence factors

1. Macro aspect

1.1. Overseas: Fiscal policy is expected to heat up, and the macro environment continues to warm up

Pfizer halved vaccine production in half a year, which once disturbed the market. OPEC’s production growth slowed down, and rising oil prices pushed up inflation expectations.

US President-elect Joe Biden nominated former Federal Reserve Chairman Janet Yellen as a candidate for finance minister, is conducive to the subsequent fiscal policies. The two parties in the United States jointly proposed a fiscal stimulus agreement, and the probability of fiscal stimulus increased during the year. U.S. manufacturing data has fallen, non-agricultural employment has been significantly lower than expected, the impact of the second outbreak of the epidemic is showing, and it

On the macro level, expectations of overseas fiscal stimulus heat up, the domestic economy continues to improve, and market sentiment tends to be optimistic. In terms of industry, the supply of nickel ore is tight and the prices remain high. Ferronickel plants are not willing to ship goods at a loss, and stainless steel orders are better and prices remain stable. In general, the demand for nickel in the downstream industry is still guaranteed, and the Shanghai nickel market should not be pessimistic. The reference range of Shanghai Nickel 2102 contract is 115,000-123,000 yuan/ton, and the reference range of SS2102 contract is 1,3000-13600 yuan/ton.

In terms of operation, Shanghai nickel is long on dips, while stainless steel is on the sidelines.

(Editor in charge: Chen Zhuang)

The CBOE VIX Volatility Index ended Monday with a positive reading.

The CBOE VIX (VXX) rose on Monday, as U.S. stocks pulled back from all-time highs following another surge in COVID-19 cases.

The Chicago Board Options Exchange Volatility, commonly known as the VIX, reached an intraday high of 22.62 a scale of 1-100, where 20 represents the historic average. It would eventually settle up 2.7% at 21.36.

The large-cap S&P 500 Index (SPY) declined 0.2% on Monday.

iPath S&P 500 VIX Short Term Futures ETN: (NYSEARCA: VXX) Invented to offer exposure to the S&P 500 VIX Short Term Futures Index Total Return. The index trades CBOE Volatility Index futures by way of long positions on first- and second-month VIX Futures contracts. VXX advanced 0.6%.

ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY declined by 0.2%.
Now you can trade VIX CFD with 24option.com

ProShares UltraShort Term VIX Futures: (UVXY) UVXY is created to achieve1.5X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. It follows the two front months of the futures contract. UVX advanced 0.5%.

Your Guide To Trade CFDs on Cryptocurrencies

Bitcoin and other cryptos seem to be breaking a record now. Why is Bitcoin important to traders? Launched in 2009, Bitcoin was the first decentralised cryptocurrency. It is the leading cryptocurrency in terms of market capitalisation as well as the most expensive. Bitcoin comprises approximately half of the total cryptocurrency market cap. How to start trading Bitcoin CFDs: Investing in Bitcoin CFDs and buying vs You have two options when trading in the cryptocurrency market. Firstly, you can purchase actual cryptocurrency on exchanges, such as buying Bitcoin on an online exchange and own the Bitcoin yourself. Holding Bitcoin is considered a long-term investment, as you are expecting for the price to rise. You can also trade a contract for difference (CFD) on a particular cryptocurrency and speculate on the price difference. A CFD is a financial instrument or a contract, typically between a broker and an investor, where two parties agree to pay each other the difference in the value of a security – often known as the Buy/Sell spread. You can either hold a long position (speculating that the price will rise) or a short position (guessing that the price will fall).
ETH introduced CFDs on cryptocurrencies back in June of 2015. At the time, the firm offered CFDs on several virtual currencies, including Bitcoin, Ethereum, Ripple, Litecoin, and Dash. However, the bullish trend that was experienced by many of the crypto industry’s top coins caused challenges in risk management practices for many CFD brokerages, thereby causing a general withdrawal by many brokerages from the crypto sector. After assessing the situation, 24option also decided to stop providing its clients access to crypto CFDs altogether. What Type of CRM do Forex Companies Need?
Although CFD providers continue to adjust to the new crypto market norms, XTB has addressed these concerns and has decided to proceed cautiously in the Bitcoin CFD market. The client notification message did not include any updates regarding the other cryptocurrencies initially implemented by the company. For now, traders will have to settle for trading on Bitcoin CFD through the 24option trading platform. The re-launch of BTC CFDs will also include updated trading conditions. 2option has reduced the spreads to a standard 1%, while also lowering their swap levels. Overnight swap rates will now charge clients 0.08% and 0.04% per day, for long and short positions, respectively.
Moreover, the maximum exposure per trading account is limited to 20,000 GBP at any given time. Crypto CFD brokers currently offering maximum leverage of 5:1. The updated trading conditions are intended to both appeal more to traders, while at the same time offering some risk protection for 24option’s exposure levels, due to potentially sharp price movements.
24option has its headquarters in Limassol, Cyprus. In 2013, 24option launched its online trading platform.
Live4Trading.co.uk are proud to present 24option, an FCA regulated UK CFD Broker. The founders established 24option in 2007. Currently, the broker has more than 3,000,000 customers.
Moreover, thousands of new customers open accounts every day. They enable ECN forex trading, contracts on derivatives and other instruments. 24option, execution-only forex as well as CFD broker, provides trading solutions that cater to both veteran and novice traders. 24option has been in the world of online CFD trading since 2008 as a pioneer with hundreds of thousands of online traders. In a short time, it has existed,24option has grown significantly with more than 20,000 customers who are executing over two million trades per month around the globe. Sixty billion in a month.
One of the pros of trading XRP CFDs is that it has a particular application – international payment transfers. Furthermore, Ripple, which is among the few altcoins that have overcome the challenges of transaction speed and scalability, along with low fees, has become so popular it now appears to be more centralised than decentralised. Financial institutions are currently developing digital currencies to facilitate international payments, making one wonder how long XRP will remain relevant. Choosing the right crypto CFD broker is a personal decision and one that should come from extensive research and knowledge of the sector – regardless of how volatile it may often be. Leveraged trading entails a high level of risk. 77% of retail investor accounts lose money when trading CFDs with Blackwell Global Investments (UK). What are your thoughts on crypto CFDs? Let us know in the comments below.
Ethereum is again seeing intensifying competition from newer coins like XRP and Tron, which offer a similar blockchain platform but with much more reliable technology. However, it will take time for any Altcoin to take over from Ethereum. ETH has been increasing in value over recent months, which is another incentive. Of course, CFDs allow you to trade both bearish and bullish markets, so it’s crucial to stay updated on developments that can predict the future direction of price movements for this cryptocurrency. Although Bitcoin lost a considerable amount of its value throughout the first half of 2018, it remains a popular cryptocurrency for trading.

The CBOE VIX Volatility Index declined sharply on Wednesday.

The CBOE VIX (VXX) pulled back sharply on Wednesday, as stocks soared in the wake of the U.S. presidential elections.

Thie Chicago Board Options Exchange Volatility Index touched an intraday low of 28.03 on a scale of 1-100 where 20 represents the historic average. It would eventually settle down 16.6% at 29.64.

iPath S&P 500 VIX Short Term Futures ETN: (NYSEARCA: VXX) Designed to offer exposure to the S&P 500 VIX Short Term Futures Index Total Return. The Index uses CBOE Volatility Index futures by way of a long position in the first and second-month VIX Futures contracts. VXX declined by 8.7%.

ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY advanced 4.4%.

ProShares UltraShort Term VIX Futures: (UVXY) UVXY designed to deliver 1.5X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. It tacks the two front months of the futures contract. UVX declined by 12.9%.

Investors continue to eye the global spread of COVID-19. As of Wednesday, more than 47.6 million people infected with the novel disease, including 9.4 million in the United States. Unknown condition, including 9.3 million in the United States.

Invest in Exploration of High-grade silver in Nevada

High-grade silver in Nevada! Second wave with explosive price development expected! Benefit fully this time!

Newsflow after the recent discovery of exceptionally high grade “Bonanza silver” with up to 3,760 g / t silver! Share trades at a 68.2% discount at the year’s high!

Physical demand for silver products explodes 297 million ounces in the first nine months of this year!

***

There are many gold companies, but real silver stocks only a few: Our silver favourite is in the starting blocks – Eric Sprott as anchor investor!

***

First spectacular finds with “bonanza grades” of up to 3,760g / t silver

***

Expansion of the drilling program to at least 12,500 meters reported! The course fireworks from summer may repeat itself!

Dear readers,

The US elections are far from over, but the traditional markets have already decided to continue the rally until further notice! Smaller disruptions and price setbacks (like last week) are immediately used again for purchases! One would almost like to believe that it will always go on like this! Don’t let that fool you!

As in the past, the bear market starts when you least expect it! Prepare yourself and take some profits off the table at Amazon & Co. and invest them in tomorrow’s winning stocks!

Don’t run after high flyers – use corrections to get started!

Even if it is difficult, you have to equip your portfolio with the right stocks if it is still cheap! This is the only way to make big profits in the end! The catchphrase: Profit is in purchasing has never been more important than in these weeks and months.

Anyone who invested in gold, silver and, above all, mining stocks in February and March never fell asleep from laughing! Because month-long course fireworks followed with many 100% course gains! Unfortunately, many have missed this massive bull market or only got in at the very end! We have to learn from this!

In the last few weeks, precious metals and mines have finally come to the long-awaited correction and thus to new entry opportunities! Now you can go on a shopping spree again at affordable prices, which are often well below the annual high.

Because one thing is exact, the prospects for gold, silver and mining stocks have never been so good! It won’t be long before the mainstream runs into this sector again. If you see the current results of the big producers like Newmont Mining etc., then you know what’s coming!

The companies are earning themselves “stupid and stupid” and have to go on an acquisition tour. Also, many explorers are well-financed and have made some spectacular discoveries!
The next upswing is pending. With the right stocks

It is now! The second chance has come – take advantage of it!

Despite a little pause, the precious metals sector, and especially the small, narrow silver market, is in a sustainable bull market!

The demand for physical or exchange-traded silver products reached record levels this year. In the first nine months of this year alone, the global stocks of ETPs (Exchange Traded Products) rose by a staggering 297 million ounces of silver.

It is not a question of “if”, “when” until silver hits the all-time highs of January 1980 and April 2011 at USD 50!

That would be a performance of over 100%! But many times that you can earn with top silver stocks!

Summa Silver (Ticker Canada: SSVR, WKN: A2P4EE) has already proven this! And can do it again anytime!

logo

With Summa Silver Corp. (Ticker Canada: SSVR, WKN: A2P4EE) you rely on a first-class silver company with a focus on Nevada.

Until the annual high reached, there will be quick 100-200% price gains – don’t miss the chance this time!

Chart Summa Silver_04

Source: Stockcharts.com

Brief review:

Summa Silver released sensational results from the first three drill holes on September 30th :

In the latest press release the company also reports on plans for a vital Phase II drilling program, which is to begin in the first quarter of 2021, as well as the highlights of the previous Phase I program:

Phase I Drill Program Expansion: The current program will be expanded to at least 12,500 meters to follow up on the first high-grade silver and gold results and the promising preliminary visual results observed in several drill holes.
Drill hole SUM20-06 with a sensational 3,760 grams of silver equivalent per ton over 2.5 meters.
Multiple Hole Evaluations Pending: The Company is awaiting assay results from 13 additional holes, all of which have been drilled but are pending results. High priority targets tested from both undefined extensions of known veins and other attractive zones where there has been little research in the past.
The current focus on step-out and exploration drilling:
Two core drills are still fully operational on the property.
The third rig mobilised on property: A reverse circulation drill rig is currently en route to the property and will be pilot drilling for at least 12 additional core holes.
New Phase II drill program planned: A major Phase II drill program scheduled for early 2021.
Hughes Property Drilling NR 14

Trade Cryptocurrencies as Bitcoin, and Litecoin, Easily With CFD Brokers.


The interest in trading in cryptocurrencies such as Bitcoin and Ethereum have increased significantly in recent years. One way to position yourself in cryptocurrencies is by trading CFDs on cryptocurrencies at a CFD broker. There are several benefits to doing this.

Quick and easy: The fastest and easiest way to trade cryptocurrencies is through a CFD broker. You do not need to create a Wallet and then turn to a crypto exchange. All that is required is to open an account with a CFD broker that offers trading in cryptocurrencies.

  1. Increased leverage exposure: Most CFD brokers offer leverage for investors who buy CFDs in cryptocurrencies. Leverage provides the investor with the opportunity to multiply his exposure to a greater extent than trading cryptocurrencies directly.
  2. Make money both in ups and downs: Since CFDs (Contracts of Difference) are precisely speculation in price changes in an underlying asset such as crypto, it is possible to position yourself even if you believe in a decline in a particular cryptocurrency. If the investor believes in an upturn, you go a long way. If you believe in a drop, you open a short position.
  3. Hedging:
    An investor who is holding in a particular cryptocurrency and now sees a decrease in value has the opportunity to position himself in a short trade. CFDs will increase in value in the event of a continued decline, thereby compensating for the declining value of the previously acquired holdings of cryptocurrencies. In an optimal trade, the investor closes his short position when the cryptocurrency is at its weakest and takes a profit when the trend changes.

Start trading cryptocurrencies
So far, buying Bitcoin and other cryptocurrencies has been complicated and time-consuming. To buy a Bitcoin, you have had to go through the following four steps: 1) Create a wallet. 2) Create an account with an exchange site, also called crypto exchange. 3) Transfer money and only then, 4) Buy Bitcoin. In many cases, it costs to create a wallet, and the exchange sites charge high fees for buying and selling transactions.

Another disadvantage is that the purchase does not take place immediately – sometimes you have to wait for several hours until the order has passed. These factors have, for a long time, prevented many who are interested in trading in cryptocurrencies. That is why we recommend trading cryptocurrencies with CFDs instead. At PDExtrading.com you can find UK regulated CFD brokers, you can speculate in Bitcoin and other cryptocurrencies, quickly and easily in the same trading account.

Instead of buying a cryptocurrency and only earning on the rise, you trade CFDs on cryptocurrencies. If you believe in an upturn, you open a long position. If you think that a particular cryptocurrency will fall in value, open a short trade. If you want to leverage your positions to increase your investment, most CFD brokers offer that opportunity.

The next natural step is to take a look for UK CFD brokers we at of PDExtrading.com can recommend to trade CFDs on Cryptocurrencies

CFD contracts are complex instruments that involve a high risk of rapid losses due to leverage. Of non-professional customers, 69% lose money.

CFD contracts are complex instruments that involve a high risk of rapid losses due to leverage. Between 69 and 75 per cent of all non-professional clients lose money on CFD trading at the providers listed on this site. The content, opinions and conclusions of PDExtrading.com are not financial advice. Of PDExtrading.com assumes no responsibility for any losses, costs or other consequences that may arise from actions taken based on the content on the website. The information available on of PDExtrading.com is not updated every day and may in some cases not be correct. The website contains collaborative links to our partners – you as a visitor and trader are not affected by the links.

Selection of Best UK CFD Brokers for 2021


Finding the best CFD brokers in the United Kingdom is a complex assignment as the competition in the UK online trading market is incredibly intensive.  The Pdextrading.com team of experts has been studying and researching the sector CFD brokers since the very earliest online CFD providers have begun to operate in the UK.

Discovering the best CFD brokers in the United Kingdom is a difficult assignment considering the especially intense competition in the UK CFD trading market, with numerous UK CFD providers to choose.

Pdextrading.com has been studying and researching the field of online trading since the very earliest providers begun to operate online.

While reviewing each CFD broker, PDEXTrading.com has compared the following critical features.

Reputation and regulation
Trading Platform,
spreads

Is the CFD trading software fully featured?

    A professional trading platform should be simple to work and accessible for a variety of devices, mobile, desktop, and browser-based. All the leading brokers provide both MetaTrader 4 and cTrader integration. MT4 is considered the most widely used and popular CFD trading platform.

A professional trading platform should include advanced charting features, superior order placement, daily market analysis.

mobile CFD trading app

Browser-based trading application.

Trading Commissions charged 

Before you deposit in CFD trading account, inquire about the following charges:

Financing rates

Accessing relevant exchanges

4. The range of assets and markets.

The more assets, markets, and financial instruments that are accessible by the broker to trade on, the chances are better to make a profit when an opportunity appears.

5. Reputation and security.

We at Pdextrading.com check each CFD broker for regulation, reputation, and How long have they been in business?

Are they a publicly listed company?

Choosing the best CFD broker is mostly a matter of testing their trading platforms and ensuring you feel comfortable with them.

6. UK CFD Brokers Leverage


in the UK the maximal leverage provided by the CFD brokers is regulated by the FCA, The leverage varies between assets.

  1. Bonuses

Every CFD broker offers a deposit bonus. However, you should know that many of them have attached to strict terms and conditions.

To claim your ‘free bonus’, you will be required by the broker to perform a high number of trades.

If the terms of the bonus offer mean you have to trade endlessly than skip on the proposal.

Online derivative trading is regulated in the UK by the FCA. All the CFD brokers listed by PDEXtrading.com are authorized and licensed by the FCA to provide online trading services in the UK.

PDextrading.com is your portal to best CFDs brokers in the UK for 2021 to grant you a successful, safe and secure trading experience.

CFD Trading is regulated in the UK by the FCA, All the CFD providers listed below are authorized and licensed by the FCA to provide CFD services in the UK,
When choosing a CFD broker, you may want to consider the following five key points before jumping on board.

Discovering the best CFD brokers in the United Kingdom is a difficult assignment considering the especially intense competition in the UK CFD trading market, with numerous online trading providers to choose. 

Pdextrading.com has been studying and researching the field of online trading since the very earliest providers begun to operate online.

While reviewing each CFD broker, PDEXTrading.com has compared the following critical features.

Choosing the best CFD broker is mostly a matter of testing their trading platforms and ensuring you feel comfortable with them.

an industry award winner and a well-known broker

Top CFD Brokers UK 2021

The Corona effects on bitcoin price

About 18,800,000 results (0.48 seconds)
Search Results
Top stories

3 Ways Coronavirus May Have Affected Bitcoin – CCN.comwww.ccn.com › 3-ways-coronavirus-may-have-affected-bitcoin
17 Feb 2020 – As coronavirus continues to spread mass panic around the globe, its impact on bitcoin is becoming more evident. Here are three critical factors

  1. Chinese Quarantine Cash To Stop Coronavirus, Not an Issue …cointelegraph.com › news › Chinese-quarantines-cash-to-stop-corona…
    16 Feb 2020 – Chinese Quarantine Cash To Stop Coronavirus, Not an Issue With Bitcoin. News. It has been reported that China has started a quarantine of its …

China’s Economy on the Brink of Collapse amid Corona Fears
21 hours ago – While the Coronavirus outbreak grows, there are anxieties about its long-term effect on the economy of China. Can Bitcoin help solve issues? Traders Demand More Crypto and Bitcoin CFD trading.

Coronavirus “is good for bitcoin” | FT Alphavilleftalphaville.ft.com › 2020/01/27 › Coronavirus-is-good-for-bitcoin
27 Jan 2020 – Don’t let moral anguish over the deaths of potentially thousands of people get in the way of an opportunity to shill some crypto and pump up the …

Bitcoin tumbles along with stocks amid coronavirus …
1 day ago – Bitcoin and other cryptocurrencies are tumbling along with stocks, calling into question the narrative that crypto is a safe haven asset class.

The Coronavirus Could See Bitcoin ‘Explode In Value’ – Forbeswww.forbes.com › sites › 2020/02/03 › coronavirus…
3 Feb 2020 – Bitcoin climbed to a year-to-date high last night, moving sharply higher as the China stock market plummeted on its reopening after an …

Bitcoin Rallies to Near $9,150 as Stocks Drop Over …www.coindesk.com › bitcoin-rallies-to-near-9150-as-stocks-drop-over…
28 Jan 2020 – Bitcoin is rising in line with a broader uptrend that began well before the coronavirus scare began weighing on traditional markets. In the short …

Gold rises as dollar weakens ahead of U.S. Fed meeting

Gold rises as dollar weakens ahead of U.S. Fed meeting,

Gold Spikes To New records As Dollar, Bond Yields Dive

Gold inches higher as dollar loses ground ahead of Fed meeting

Gold prices edged higher on Tuesday as the dollar pulled back from multiweek highs ahead of the US Federal Reserve’s two-day monetary policy meeting.

Spot gold was up 0.2% at $1,341.38 as of 0344 GMT.

US gold futures also rose 0.2% to $1,345.20 an ounce.

“The overall sentiment in the gold markets is positive. There are expectations that the Fed will cut interest rates, which has weakened the dollar and remains a main driver for prices,” said Helen Lau, analyst, Argonaut Securities.

The dollar index against basket of major currencies was down 0.1% on Tuesday, making bullion cheaper for investors holding other currencies.

The dollar was somewhat weakened by the New York Fed’s business index showing a record decline in June to its weakest level in more than two and a half years.

At the current price rate, some fluctuations in gold prices are predicted as there are still some mixed views on the rate cut and some investors are cautious ahead of the Fed’s decision, Lau said.

The Fed’s two-day policy meeting starting later on Tuesday is the next major focus after markets have priced in more than two 25 basis-point rate cuts by year-end. That marks a sharp contrast to the Fed’s official forecast in March, which showed policymakers deemed the next move would be a hike.

The expectations of an interest cut have been steadily growing amid the raging US-China trade war, signs of the US economy losing momentum and pressure by President Trump to ease policy.

All these factors encouraged bullion’s appeal, with the precious metal gaining nearly 6% since touching its 2019 low of $1,265.85 in early May.

The US central bank is suspected to leave borrowing costs unchanged this time but probably lay the foundation for a rate cut later in 2019.

“We think that the Fed will not raise rates in June and with regards to policy wording, we could see a slightly less accommodative tone than what the market is expecting,” INTL FCStone analyst Edward Meir said in a note. “In which case the dollar could firm up somewhat further and perhaps pressure gold lower into its trading range.”

On the technical front, spot gold may break a support at $1,337 per ounce and fall to the next support at $1,324, according to Reuters technical analyst Wang Tao.

Pl