1 supply and demand
Futures trading is the product of market economy, so its price changes are affected by the relationship between market supply and demand. When supply exceeds demand, futures prices fall; On the contrary, futures prices will rise.
2 economic cycle
In the futures market, price changes are also affected by the economic cycle, and price fluctuations will occur at all stages of the economic cycle.
3 government policies
Some policies and measures formulated by governments of various countries will have different degrees of influence on the futures market price. The futures market is very sensitive to the change of political climate, and the occurrence of various political events will often have different degrees of impact on prices.
4 social factors
Social factors refer to the public's ideas, social psychological trends and the information influence of the media.
Five seasonal factors
Many futures commodities, especially agricultural products, have obvious seasonality, and their prices fluctuate with the changes of seasons.
6 psychological factors
The so-called psychological factor is the degree of confidence of traders in the market, which is the so-called "popularity". If you are optimistic about a commodity, even if there are no favorable factors, the price of the commodity will rise; When you are bearish, there is no news of profit and weakness, and the price will also fall. For another example, some large speculative commodities often use people's psychological factors to spread some news and artificially sell or supplement speculative commodities in large quantities to seek speculative profits.
Seven factors of change
In the process of world economic development, inflation, currency exchange rate and interest rate fluctuations in various countries have become common phenomena in economic life, which have brought increasingly obvious influence on the futures market.
Manipulation by eight large households
Although the futures market is a "completely competitive" market, it is still inevitably manipulated and controlled by some powerful big households, resulting in speculative price fluctuations.