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  • Best Brokers Worldwide
  • Brokers News
    Renowned Market Analyst Jameel Ahmad Joins NAGA as Director of Investment Strategy

    Renowned Market Analyst Jameel Ahmad Joins NAGA as Director of Investment Strategy

    Capital.com – Bringing Smart Trading to the Masses

    Capital.com – Bringing Smart Trading to the Masses

    Gulf Brokers Has Launched Its NewestTrading App

    Gulf Brokers Has Launched Its NewestTrading App

    SimpleFX is the First Forex Broker to Offer Chainlink

    SimpleFX is the First Forex Broker to Offer Chainlink

    SquaredFinancial Strengthens Client’s Fund Security

    SquaredFinancial Strengthens Client’s Fund Security

    Pound’s Slide Continues

    Pound’s Slide Continues

    Oil Rally Halts as Oil Stockpiles Increase

    Oil Rally Halts as Oil Stockpiles Increase

    Inflation Pressure Increases in China

    Inflation Pressure Increases in China

    Euro Gains Ground ahead of ECB

    Euro Gains Ground ahead of ECB

  • Commodities
    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    Shell Impairments Support Bearish Market

    Shell Impairments Support Bearish Market

  • Forex
    𝐄𝐮𝐫𝐨 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐖𝐞𝐞𝐤 𝐀𝐡𝐞𝐚𝐝 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐏𝐨𝐨𝐫, 𝐄𝐔𝐑/𝐆𝐁𝐏 𝐓𝐮𝐦𝐛𝐥𝐢𝐧𝐠

    𝐄𝐮𝐫𝐨 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐖𝐞𝐞𝐤 𝐀𝐡𝐞𝐚𝐝 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐏𝐨𝐨𝐫, 𝐄𝐔𝐑/𝐆𝐁𝐏 𝐓𝐮𝐦𝐛𝐥𝐢𝐧𝐠

    𝐄𝐮𝐫𝐨 𝐏𝐫𝐢𝐜𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐭𝐨 𝐄𝐱𝐭𝐞𝐧𝐝 𝐑𝐞𝐛𝐨𝐮𝐧𝐝 𝐀𝐡𝐞𝐚𝐝 𝐨𝐟 𝐐𝟒 𝐆𝐃𝐏 𝐏𝐫𝐢𝐧𝐭

    𝐄𝐮𝐫𝐨 𝐏𝐫𝐢𝐜𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐭𝐨 𝐄𝐱𝐭𝐞𝐧𝐝 𝐑𝐞𝐛𝐨𝐮𝐧𝐝 𝐀𝐡𝐞𝐚𝐝 𝐨𝐟 𝐐𝟒 𝐆𝐃𝐏 𝐏𝐫𝐢𝐧𝐭

    𝐉𝐚𝐩𝐚𝐧𝐞𝐬𝐞 𝐘𝐞𝐧 𝐋𝐚𝐭𝐞𝐬𝐭: 𝐔𝐒𝐃/𝐉𝐏𝐘 𝐏𝐥𝐚𝐲𝐬 𝐑𝐚𝐧𝐠𝐞, 𝐔𝐒/𝐂𝐡𝐢𝐧𝐚 𝐓𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐑𝐞𝐬𝐮𝐫𝐟𝐚𝐜𝐢𝐧𝐠 𝐟𝐨𝐫 𝐀𝐔𝐃/𝐉𝐏𝐘

    𝐉𝐚𝐩𝐚𝐧𝐞𝐬𝐞 𝐘𝐞𝐧 𝐋𝐚𝐭𝐞𝐬𝐭: 𝐔𝐒𝐃/𝐉𝐏𝐘 𝐏𝐥𝐚𝐲𝐬 𝐑𝐚𝐧𝐠𝐞, 𝐔𝐒/𝐂𝐡𝐢𝐧𝐚 𝐓𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐑𝐞𝐬𝐮𝐫𝐟𝐚𝐜𝐢𝐧𝐠 𝐟𝐨𝐫 𝐀𝐔𝐃/𝐉𝐏𝐘

    𝐁𝐫𝐢𝐭𝐢𝐬𝐡 𝐏𝐨𝐮𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐆𝐁𝐏/𝐔𝐒𝐃, 𝐆𝐁𝐏/𝐉𝐏𝐘, 𝐄𝐔𝐑/𝐆𝐁𝐏

    𝐁𝐫𝐢𝐭𝐢𝐬𝐡 𝐏𝐨𝐮𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐆𝐁𝐏/𝐔𝐒𝐃, 𝐆𝐁𝐏/𝐉𝐏𝐘, 𝐄𝐔𝐑/𝐆𝐁𝐏

    𝐄𝐮𝐫𝐨 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐁𝐥𝐞𝐚𝐤 𝐚𝐬 𝐓𝐫𝐚𝐝𝐞𝐫𝐬 𝐑𝐮𝐬𝐡 𝐟𝐨𝐫 𝐔𝐒 𝐃𝐨𝐥𝐥𝐚𝐫𝐬

    𝐂𝐚𝐧𝐚𝐝𝐢𝐚𝐧 𝐃𝐨𝐥𝐥𝐚𝐫 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐃𝐚𝐭𝐚 𝐭𝐨 𝐃𝐢𝐜𝐭𝐚𝐭𝐞 𝐔𝐒𝐃/𝐂𝐀𝐃, 𝐂𝐀𝐃/𝐉𝐏𝐘

    𝐂𝐚𝐧𝐚𝐝𝐢𝐚𝐧 𝐃𝐨𝐥𝐥𝐚𝐫 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐃𝐚𝐭𝐚 𝐭𝐨 𝐃𝐢𝐜𝐭𝐚𝐭𝐞 𝐔𝐒𝐃/𝐂𝐀𝐃, 𝐂𝐀𝐃/𝐉𝐏𝐘

  • Cryptocurrencies
    The Crypto Daily – Movers and Shakers – September 21st, 2020

    The Crypto Daily – Movers and Shakers – September 21st, 2020

    The Crypto Daily – Movers and Shakers – September 19th, 2020

    The Crypto Daily – Movers and Shakers – September 20th, 2020

    The Crypto Daily – Movers and Shakers – September 19th, 2020

    The Crypto Daily – Movers and Shakers – September 19th, 2020

    The Crypto Daily – Movers and Shakers – August 22nd, 2020

    The Crypto Daily – Movers and Shakers – August 22nd, 2020

    The Crypto Daily – Movers and Shakers – August 6th, 2020

    The Crypto Daily – Movers and Shakers – August 6th, 2020

  • Economic
    𝐄𝐔𝐑/𝐔𝐒𝐃 𝐓𝐎 𝐒𝐋𝐔𝐌𝐏 𝐈𝐅 𝐓𝐑𝐔𝐌𝐏 𝐒𝐓𝐀𝐘𝐒 𝐈𝐍 𝐇𝐎𝐒𝐏𝐈𝐓𝐀𝐋

    𝐄𝐔𝐑/𝐔𝐒𝐃 𝐓𝐎 𝐒𝐋𝐔𝐌𝐏 𝐈𝐅 𝐓𝐑𝐔𝐌𝐏 𝐒𝐓𝐀𝐘𝐒 𝐈𝐍 𝐇𝐎𝐒𝐏𝐈𝐓𝐀𝐋

    𝐔𝐒𝐃/𝐂𝐀𝐃 𝐒𝐋𝐈𝐃𝐄𝐒 𝐓𝐎 𝐓𝐖𝐎-𝐖𝐄𝐄𝐊 𝐋𝐎𝐖𝐒 𝐀𝐌𝐈𝐃 𝐒𝐎𝐅𝐓𝐄𝐑 𝐔𝐒𝐃, 𝐑𝐀𝐋𝐋𝐘𝐈𝐍𝐆 𝐎𝐈𝐋 𝐏𝐑𝐈𝐂𝐄𝐒

    𝐔𝐒𝐃/𝐂𝐀𝐃 𝐒𝐋𝐈𝐃𝐄𝐒 𝐓𝐎 𝐓𝐖𝐎-𝐖𝐄𝐄𝐊 𝐋𝐎𝐖𝐒 𝐀𝐌𝐈𝐃 𝐒𝐎𝐅𝐓𝐄𝐑 𝐔𝐒𝐃, 𝐑𝐀𝐋𝐋𝐘𝐈𝐍𝐆 𝐎𝐈𝐋 𝐏𝐑𝐈𝐂𝐄𝐒

    US Stock Market Overview – Stock Drop Led Down by Real Estate; Materials Buck the Trend

    US Stock Market Overview – Stock Drop Led Down by Real Estate; Materials Buck the Trend

    US Stocks Sink as Tech Stocks Extend Recent Decline

    US Stocks Sink as Tech Stocks Extend Recent Decline

    U.S. Stocks Mixed After Yesterday’s Sell-Off In Tech Shares

    U.S. Stocks Mixed After Yesterday’s Sell-Off In Tech Shares

    Biden Widens the Gap as Swing State Fence Sitters Take a Stand

    Biden Widens the Gap as Swing State Fence Sitters Take a Stand

  • Home
  • Education
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    • Elementary
    • Middle School
    • Summer School
    • High School
    • Undergraduate – Freshman
    • Undergraduate – Sophomore
    • Undergraduate – Junior
    • Undergraduate – Senior
    • Graduation
  • Best Brokers Worldwide
  • Brokers News
    Renowned Market Analyst Jameel Ahmad Joins NAGA as Director of Investment Strategy

    Renowned Market Analyst Jameel Ahmad Joins NAGA as Director of Investment Strategy

    Capital.com – Bringing Smart Trading to the Masses

    Capital.com – Bringing Smart Trading to the Masses

    Gulf Brokers Has Launched Its NewestTrading App

    Gulf Brokers Has Launched Its NewestTrading App

    SimpleFX is the First Forex Broker to Offer Chainlink

    SimpleFX is the First Forex Broker to Offer Chainlink

    SquaredFinancial Strengthens Client’s Fund Security

    SquaredFinancial Strengthens Client’s Fund Security

    Pound’s Slide Continues

    Pound’s Slide Continues

    Oil Rally Halts as Oil Stockpiles Increase

    Oil Rally Halts as Oil Stockpiles Increase

    Inflation Pressure Increases in China

    Inflation Pressure Increases in China

    Euro Gains Ground ahead of ECB

    Euro Gains Ground ahead of ECB

  • Commodities
    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    Shell Impairments Support Bearish Market

    Shell Impairments Support Bearish Market

  • Forex
    𝐄𝐮𝐫𝐨 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐖𝐞𝐞𝐤 𝐀𝐡𝐞𝐚𝐝 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐏𝐨𝐨𝐫, 𝐄𝐔𝐑/𝐆𝐁𝐏 𝐓𝐮𝐦𝐛𝐥𝐢𝐧𝐠

    𝐄𝐮𝐫𝐨 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐖𝐞𝐞𝐤 𝐀𝐡𝐞𝐚𝐝 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐏𝐨𝐨𝐫, 𝐄𝐔𝐑/𝐆𝐁𝐏 𝐓𝐮𝐦𝐛𝐥𝐢𝐧𝐠

    𝐄𝐮𝐫𝐨 𝐏𝐫𝐢𝐜𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐭𝐨 𝐄𝐱𝐭𝐞𝐧𝐝 𝐑𝐞𝐛𝐨𝐮𝐧𝐝 𝐀𝐡𝐞𝐚𝐝 𝐨𝐟 𝐐𝟒 𝐆𝐃𝐏 𝐏𝐫𝐢𝐧𝐭

    𝐄𝐮𝐫𝐨 𝐏𝐫𝐢𝐜𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐭𝐨 𝐄𝐱𝐭𝐞𝐧𝐝 𝐑𝐞𝐛𝐨𝐮𝐧𝐝 𝐀𝐡𝐞𝐚𝐝 𝐨𝐟 𝐐𝟒 𝐆𝐃𝐏 𝐏𝐫𝐢𝐧𝐭

    𝐉𝐚𝐩𝐚𝐧𝐞𝐬𝐞 𝐘𝐞𝐧 𝐋𝐚𝐭𝐞𝐬𝐭: 𝐔𝐒𝐃/𝐉𝐏𝐘 𝐏𝐥𝐚𝐲𝐬 𝐑𝐚𝐧𝐠𝐞, 𝐔𝐒/𝐂𝐡𝐢𝐧𝐚 𝐓𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐑𝐞𝐬𝐮𝐫𝐟𝐚𝐜𝐢𝐧𝐠 𝐟𝐨𝐫 𝐀𝐔𝐃/𝐉𝐏𝐘

    𝐉𝐚𝐩𝐚𝐧𝐞𝐬𝐞 𝐘𝐞𝐧 𝐋𝐚𝐭𝐞𝐬𝐭: 𝐔𝐒𝐃/𝐉𝐏𝐘 𝐏𝐥𝐚𝐲𝐬 𝐑𝐚𝐧𝐠𝐞, 𝐔𝐒/𝐂𝐡𝐢𝐧𝐚 𝐓𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐑𝐞𝐬𝐮𝐫𝐟𝐚𝐜𝐢𝐧𝐠 𝐟𝐨𝐫 𝐀𝐔𝐃/𝐉𝐏𝐘

    𝐁𝐫𝐢𝐭𝐢𝐬𝐡 𝐏𝐨𝐮𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐆𝐁𝐏/𝐔𝐒𝐃, 𝐆𝐁𝐏/𝐉𝐏𝐘, 𝐄𝐔𝐑/𝐆𝐁𝐏

    𝐁𝐫𝐢𝐭𝐢𝐬𝐡 𝐏𝐨𝐮𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐆𝐁𝐏/𝐔𝐒𝐃, 𝐆𝐁𝐏/𝐉𝐏𝐘, 𝐄𝐔𝐑/𝐆𝐁𝐏

    𝐄𝐮𝐫𝐨 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐄𝐔𝐑/𝐔𝐒𝐃 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐁𝐥𝐞𝐚𝐤 𝐚𝐬 𝐓𝐫𝐚𝐝𝐞𝐫𝐬 𝐑𝐮𝐬𝐡 𝐟𝐨𝐫 𝐔𝐒 𝐃𝐨𝐥𝐥𝐚𝐫𝐬

    𝐂𝐚𝐧𝐚𝐝𝐢𝐚𝐧 𝐃𝐨𝐥𝐥𝐚𝐫 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐃𝐚𝐭𝐚 𝐭𝐨 𝐃𝐢𝐜𝐭𝐚𝐭𝐞 𝐔𝐒𝐃/𝐂𝐀𝐃, 𝐂𝐀𝐃/𝐉𝐏𝐘

    𝐂𝐚𝐧𝐚𝐝𝐢𝐚𝐧 𝐃𝐨𝐥𝐥𝐚𝐫 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐃𝐚𝐭𝐚 𝐭𝐨 𝐃𝐢𝐜𝐭𝐚𝐭𝐞 𝐔𝐒𝐃/𝐂𝐀𝐃, 𝐂𝐀𝐃/𝐉𝐏𝐘

  • Cryptocurrencies
    The Crypto Daily – Movers and Shakers – September 21st, 2020

    The Crypto Daily – Movers and Shakers – September 21st, 2020

    The Crypto Daily – Movers and Shakers – September 19th, 2020

    The Crypto Daily – Movers and Shakers – September 20th, 2020

    The Crypto Daily – Movers and Shakers – September 19th, 2020

    The Crypto Daily – Movers and Shakers – September 19th, 2020

    The Crypto Daily – Movers and Shakers – August 22nd, 2020

    The Crypto Daily – Movers and Shakers – August 22nd, 2020

    The Crypto Daily – Movers and Shakers – August 6th, 2020

    The Crypto Daily – Movers and Shakers – August 6th, 2020

  • Economic
    𝐄𝐔𝐑/𝐔𝐒𝐃 𝐓𝐎 𝐒𝐋𝐔𝐌𝐏 𝐈𝐅 𝐓𝐑𝐔𝐌𝐏 𝐒𝐓𝐀𝐘𝐒 𝐈𝐍 𝐇𝐎𝐒𝐏𝐈𝐓𝐀𝐋

    𝐄𝐔𝐑/𝐔𝐒𝐃 𝐓𝐎 𝐒𝐋𝐔𝐌𝐏 𝐈𝐅 𝐓𝐑𝐔𝐌𝐏 𝐒𝐓𝐀𝐘𝐒 𝐈𝐍 𝐇𝐎𝐒𝐏𝐈𝐓𝐀𝐋

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Palladium: Completely Reverse The Rumors for a Bubble Burst

During the first quarter of 2019, spot palladium was seen tumbling by more than 17% from record highs at $1,609.85, with the main catalyst of this drift possibly being the closing of positions as the end of the month and the end of the quarter (i.e. end of the contract) came. The plummet was the biggest drop seen in the past 2 years, raising concerns regarding a possible bubble burst of the $1,116 rally since 2016. This amounts to a 234% rise.

September 23, 2020
in Commodities
Palladium: Completely Reverse The Rumors for a Bubble Burst
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Markets feared for a possible bubble bust, with Commerzbank stating: “In our opinion, a correction of the palladium price was long overdue. It is not yet possible to say whether yesterday’s plunge was the bursting of a bubble; for this to be the case, the price would need to fall even more sharply or further.”

The correction was indeed posted, while since May the asset was ranging between 1235-1600 area. At the beginning of September however, we have seen a remarkable rise, above the 5-month range. Technically speaking, we can claim that the bubble didn’t burst, but conversely the correction and the long-term consolidation was a correction of the 4-year rally. The precious metal has retraced more than 31% of year losses. Meanwhile, it holds above the 20-week SMA and 50-week SMA, which has been providing a strong Support area for the asset the past four quarters.

Theoretically speaking, however, palladium is strongly positively correlated with the car industry as it finds 80% of its demand from gasoline auto cars. The source of palladium’s performance the last decade, though, was and still is the global supply deficit, fired by the car industry demand. Considering only the 2017 supply, the deficit reached 875K ounces, while in 2018 it was at 121K ounces. Meanwhile, this year the palladium market is expected to present a deficit of up to 809K ounces.

Despite the consolidation in Palladium’s prices, it is unlikely that the demand for palladium will change significantly the next few years. This could be explained by the tighter emission standards, as despite the overall economic slowdown, the auto sales slowdown in China (due to tax cuts) and US, the higher recycling volume, and the high price of palladium, car-makers must meet emission standards. Hence, they are quite “forced” to use palladium, as it is the metal used in catalyst converters to reduce emissions from gasoline engines.

In Europe on the other hand, the swing from diesel engines has hit European producers and as a consequence platinum price as well, which was the most preferable metal for reducing emissions in diesel engines. This balanced the risks stated above, for palladium’s price, as diesel engines are “undesirable”.

The expensive palladium and unwelcome platinum could eventually push manufacturers to turn to potential PGM-free engines (PGM stands for Platinum Group Metals). However, this would take time. A potential approach for manufacturers could be to substitute palladium for platinum on engines other than diesel ones. However, this is a scenario that has not been accomplished yet and seems unlikely to happen for now.

So far, the legislation and the taxation for diesel engines, but also the general tighter emission standards, have boosted the substitution of diesel engines into alternative engines, such as electric, hybrid and petrol which all require the use of more palladium. Gasoline vehicles are expected to maintain a majority market share to 2025 and to increase in absolute numbers including gasoline hybrids. These factors could keep palladium demand rising, unscathed from the economic slowdown and the higher recycling volume.

Meanwhile, in China, the world’s largest consumer, Morgan Stanley reported that new legislation will be applied from 2020 which will require 30% more PGMs on each vehicle. This is another factor that is likely to keep demand high, despite the already overextended palladium price at 1662.

As Norilsk Nickel Group, one of the largest palladium mining companies stated: “The demand for palladium is growing.” “Per unit PGM consumption in hybrid cars is higher than in traditional vehicles with the same ICE volume; accordingly, we expect palladium consumption to increase by 3 mln oz by 2025. “

Additionally, according to research from BASF, the world’s leading supplier of catalysts, demand for palladium in China is expected to grow from 2.332 million ounces to 3.429 million ounces by 2022.

As the supply deficit is more in favour of palladium than platinum or any other PGM metal, the palladium price is expected to extend its recent rally. Currently, palladium is accelerating higher, above 1,650. Having rejected the Resistance area at the upper line of 5-month range at 1609.85 on March 21, any pullback could be considered once again as a correction.

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