Is Cocoa Trading Really More Popular on Valentine’s Day, February 14th?
Chocolate, the “food of the gods”, has always been related directly to passion, love, romance and relationships in general. The roots of the cocoa plant can be traced back thousands of years. Originating in America, cocoa, in all its different forms, spread across Europe in the 1600s, and today is consumed by every country in the world. Cocoa is traded on the Intercontinental Exchange (ICE) and NYSE Euronext.
Valentine's Day is ostensibly the most romantic day of the year. The love bug is in the air, despite the cold weather, and love is all around. Well, perhaps not all around, if you look at U.S. President Donald Trump's supposed team of advisers and high-ranking officials. After Federal Reserve member Daniel Tarullo officially announced his resignation over the weekend, Michael Flynn, Trump's national security adviser, has also tendered his resignation.
But at DailyForex, we prefer to look on the bright side - Valentine's Day is one for giving gifts and expressing your love, and there's no better way to do that than with chocolate. The holiday may not really impact the price of cocoa, but wouldn't it be great if it did?