New iron ore CFDs

Friday, 6 November 2015

Not sure how to use or trade these but noticed them in the new IG newsletter and thought some of you would be interested:

Hedge your exposure to materials stocks – the world’s most commonly used metal, iron ore, is now available to trade.

Making up 65% of Australia’s exports to China, the price of iron ore is a major indicator of movements in the ASX and Australia’s economic prospects.

More here.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.