Thursday, October 24, 2024

Commodity markets ‘dangerously volatile’


TAIPEI: EBC Financial Group, in partnership with DiNapoli Experts, has hosted an event aimed at exploring key strategies for navigating volatile markets.

Harnessing the Power of DiNapoli Indicators to Conquer Black Swan Events* brought together financial experts, traders, investors, and economic strategists as part of EBC’s broader commitment to thought leadership in finance.

It offered critical insights not only for traders, but for those seeking a deeper understanding of global financial trends, including the impacts of geopolitical tensions, inflation, and the evolving role of technology in market prediction.

Chief Executive of EBC Financial Group (UK) Ltd., David Barrett issued a stark warning about the growing economic fragility facing global markets.

He said the United States Federal Reserve’s recent rate cuts had unsettled bond markets, exposing deep vulnerabilities in the international financial system.

“While the US equity market has enjoyed a brief rally, Germany’s economic downturn threatens to spiral into a wider Eurozone crisis,” Mr Barrett (pictured) said.

“Geopolitical conflicts — from the ongoing war in Ukraine to instability in the Middle East — are now global flashpoints, disrupting energy supplies and pushing commodity markets toward dangerous levels of volatility.”

He said this combination of factors could drag the global economy into deeper, more unpredictable volatility, leaving even experienced investors facing unprecedented uncertainty.

As the US presidential election approaches, Mr Barrett warned that this divisive political battle could be another major destabilising factor for markets, as investors braced for shifting economic policies and potential political upheaval.

“We are not just seeing market volatility; we are looking at a perfect storm where geopolitical tensions, inflation, and monetary policies are converging like never before,” he said.

“Investors and traders need to take urgent action, adapting to this new reality with precision, foresight, and advanced tools like DiNapoli Indicators to help navigate through the uncertainty.”

He said otherwise market participants risked being left behind in a financial environment that demanded data-driven decision-making and the ability to manage complex risks.

General Manager of Fibonacci Investment Consulting, LLC, Jason Zeng stressed the critical role that DiNapoli Indicators played in helping investors identify key market retracement points and in timing trades effectively.

Mr Zeng, a long-standing expert in DiNapoli-Levels trading, explained how these indicators were not just tools for predicting price movements, but crucial systems for managing risk and profitability in highly volatile markets.

“Traders who rely on these indicators can enhance their risk management and improve trade execution,” Mr Zeng said

*Black Swan event: An event that comes as a surprise, has a major effect, and is often inappropriately rationalised after the fact with the benefit of hindsight.

*********

Ekati Diamond Mine continues to glitter

CALGARY: Burgundy Diamond Mines Ltd. has announced its Ekati Diamond Mine in Canada’s Northwest Territories has reached the milestone of 100 million carats produced in 26 years of production.

Ekati was Canada’s first diamond mine and continues to rank in the top 10 producers world-wide, renowned for its high-quality, ethically-sourced diamonds.

Chief Executive, Kim Truter said running a 24/7-365 days a year operation in a remote sub-Artic location, took ingenuity, grit, and resilience — “a testament to the strength of our people”.

“As we reflect on this historic achievement, Ekati continues the legacy as one of the premier diamond assets in the world in a tier-one location producing highly sought after sustainably and ethically produced diamonds for the global market,” Mr Truter said.

“Ekati still has 140 million carats remaining in Indicated Mineral Resources, one of the largest unmined diamond endowments in the world.”

*********

Crunchtime serves up AI dish for restaurants

BOSTON: Provider of operations management solutions for the restaurant industry, Crunchtime has announced the general release of new artificial intelligence capabilities that enable restaurants to forecast their sales with even greater accuracy.

Chief Executive, John Raguin said by incorporating a custom-built machine learning algorithm into Crunchtime’s already powerful forecasting engine, the AI forecast provided restaurant teams with a new tool to more accurately predict customer demand.

“Even for a seasoned general manager, forecasting sales is difficult. This wreaks havoc on a restaurant’s profitability and creates a variety of costly operational issues related to inventory, waste, and staff scheduling,” Mr Raguin said.

“Over the past 12 months, Crunchtime has worked closely with customers to test, refine and improve its existing industry-leading forecast engine with the addition of AI forecasting capabilities.”

He said early results had been promising with restaurants seeing an increase in forecast accuracy by up to 27 per cent at different locations during testing.

*********

STACK’s Tokyo campus in operation

SINGAPORE: data centre developer and operator, STACK Infrastructure has completed the first facility on its new 36MW flagship Tokyo campus.

Located in Greater Tokyo’s Inzai District, the development addresses growing demand for scalable critical capacity in the Asia Pacific region.

Chief Executive, Preet Gona said the 2.3-hectare campus featured two purpose-built 18MW buildings, each designed with advanced security and artificial intelligence-ready capabilities to meet the evolving demands of global technology leaders.

“This facility not only reinforces our Asia-Pacific portfolio, it also exemplifies our strategic vision and leadership in pioneering next-generation digital infrastructure solutions that are both scalable and sustainable,” Mr Gona said.

The facility was welcomed by the Mayor of Inzai, Kengo Fujishiro, who said he hoped it would become a new symbol of Inzai, rooted in the local community.

*********

Nearfield earns a spot in the Asian sun

ROTTERDAM: Metrology technology specialist Nearfield Instruments has announced the sale of its QUADRA High-Throughput Process Control Metrology product to a semiconductor manufacturer in East Asia.

The sale further strengthens Nearfield Instruments’ presence in this technologically advanced region.

Chief Executive, Hamed Sadeghian said the QUADRA system was selected following a competitive evaluation process, where it out-performed alternative metrology solutions in several key areas critical to advanced semiconductor manufacturing.

“It underscores the confidence our customers have in the QUADRA system’s ability to meet the demands of next-generation semiconductor fabrication, as well as the strength of our customer service and support,” Mr Sadeghian said.

*********

Game on with Treasure’s new partnership

NEW YORK: E-commerce platform operator, Treasure Global Inc. has announced a partnership agreement with Octagram Investment Ltd., a software development firm specialising in scalable solutions across various sectors.

This strategic collaboration aims to enhance user engagement and drive growth through the integration of innovative mini-game modules into Treasure Global’s ZCity platform.

As part of the agreement, Octagram will design and develop modules tailored to ZCity’s growing user base, enhancing the platform’s offerings by delivering engaging, interactive experiences.

Treasure Global Chief Executive, Carlson Thow said the partnership was a pivotal step in his company’s strategy to broaden its digital engagement tools, integrating interactive entertainment and enhancing the customer experience as it diversified its service offerings.

*********

VCI Global names new Executive Director

KUALA LUMPUR:  Technology consultant, VCI Global Ltd. has appointed Victor Lee as its new Executive Director in succession to Marco Baccanello.

Mr Lee is a private equity professional with 28 years of experience across various asset classes, including private equity, growth capital, leveraged buyouts, distressed assets, venture capital, private credit and crypto-currency.

He has spent the past 19 years at Franklin Templeton, a global asset management firm, where he held several senior roles in private equity and alternative strategies.

VCI Global Chief Executive, Victor Hoo said Mr Lee’s extensive experience and strategic insights would be invaluable as the company navigated the dynamic market landscape.

*********

 No tricks: BTCC promises Halloween treats

VILNIUS: BTCC Exchange has launched its Halloween Futures Trading Campaign, inviting users to enter a thrilling crypto-haunted dungeon where they can unlock treats worth up to $US1,8 million ($A2.7 million)

This campaign, which runs until November 1, promises a hauntingly good time for both seasoned traders and newcomers alike.

This year, BTCC is offering three treats for participants. The first allows users to trade futures and share in a $US1 million ($A1.5 million) prize pool.

New traders will find their own special treat with a $US3,000 ($A4,500) prize pool specifically designed for those who haven’t yet ventured into futures trading on BTCC.

Finally, BTCC is offering free position vouchers of up to $US700,000 ($A1.05 million) for users who complete consecutive daily trades. The first 1,000 users to meet the requirements will unlock these rewards.

An occasional round-up of international business stories

 

 

 

 

No comments:

Post a Comment