Commodities Weekly All eyes on the Fed This week has been relatively quiet in commodity markets, but there could be some bigger moves in prices in the next seven days given that the Fed meets on Thursday and a raft of economic data is... 25th October 2019 · 7 mins read
Commodities Weekly Demand fears taking the reins once again Despite the much-vaunted “mini-deal” on US-China trade, most industrial commodity prices fell this week. Uninspiring activity data across major commodity consumers, notably for the US and China... 18th October 2019 · 7 mins read
Commodities Weekly Trade talk optimism could prove misguided With little in the way of major economic data releases this week, most commodity prices rose on the back of news that the US and China may agree a “mini deal” as part of ongoing trade talks. This... 11th October 2019 · 7 mins read
Commodities Weekly Growth concerns to the fore Most industrial commodity prices fell this week as concerns about global economic growth intensified. A raft of weak economic data from the US and the euro-zone seems to suggest that the recent... 4th October 2019 · 7 mins read
Commodities Weekly Little on the horizon to lift investor sentiment As the fall-out from the attacks on Aramco began to fade, the spotlight swung firmly back to concerns about global economic activity this week with falls in the prices of most industrial commodities... 27th September 2019 · 7 mins read
Commodities Weekly Geopolitics back in focus There was a rude awakening for the oil market last weekend as a missile and drone attack on Saudi oil facilities, allegedly backed by Iran, removed around 50% of Saudi capacity. As the dust settled... 20th September 2019 · 7 mins read
Commodities Weekly Price gains lack fundamental support The apparent thaw in US-China trade relations gave most industrial commodity prices a lift, but we have seen these sort of ‘goodwill’ gestures before and doubt that the two sides are any closer to... 13th September 2019 · 7 mins read
Commodities Weekly Much too soon to call a recovery Although the prices of most industrial commodities rose this week, we think that a sustained and broad-based recovery is still some way away. A trio of factors were responsible for this week’s rise... 6th September 2019 · 7 mins read
Commodities Weekly Any boost to prices is unlikely to last long While the US-China trade war has continued to escalate, commodity prices have clawed back a little of their lost ground since the trough at the end of last week. This was aided in part by President... 30th August 2019 · 7 mins read
Commodities Weekly Powell & China wake commodities from their slumber After a quiet start to the week, Friday’s announcement of additional Chinese tariffs on US imports and Jerome Powell’s speech at Jackson Hole stirred prices (and President Trump) into action. Most... 23rd August 2019 · 7 mins read
Commodities Weekly A short-term reprieve, before prices fall further President Trump’s decision to delay the proposed 10% tariff on just over $150bn of Chinese imports gave a lift to most industrial commodity prices this week. That said, any optimism about an improved... 16th August 2019 · 7 mins read
Commodities Weekly Some signs of the dust settling The fall-out from Mr Trump’s threat to levy a 10% tariff on $300bn worth of Chinese imports continued to roil commodity markets this week. The prices of crude oil and most industrial commodities fell... 9th August 2019 · 7 mins read
Commodities Weekly What a difference a day makes … Yesterday’s announcement by President Trump that a 10% tariff is to be levied on $300bn worth of Chinese goods came as a shock after reports of “constructive” trade talks between the US and China... 2nd August 2019 · 7 mins read
Commodities Weekly Next week is all talk (and maybe some price action) Commodity prices have largely been treading water, ahead of some major events next week. The Fed will announce its interest rate decision on Wednesday. A 25 basis points rate cut is already priced... 26th July 2019 · 7 mins read
Commodities Weekly Precious metals prices starting to look vulnerable We now expect the Fed to start cutting interest rates at the end of this month. However, we only expect a quarter-point reduction in July and only one further cut this year. While lower US interest... 19th July 2019 · 7 mins read
Commodities Weekly Boost from Powell put to fade fast Fed Chair Jerome Powell’s confirmation earlier this week that an interest rate cut is likely in July gave most commodity prices a lift. And oil prices rose to their highest level since May following a... 12th July 2019 · 8 mins read
