India Chart Pack Core price pressures remain elevated Much of the focus both before and after the RBI’s decision to cut the repo rate by 25bp (to 6.25%) in early October has been on the sharp fall in headline inflation over the past couple of months. But... 25th October 2016 · 1 min read
Commodities Weekly Commodities pause for breath Most commodity prices were little changed this week despite strong activity data from China. Indeed, the only industrial metals to record gains were tin and lead whose prices were buoyed by ongoing... 21st October 2016 · 1 min read
Commodities Update Industrials looking vulnerable to a turn in sentiment Commodity prices have generally risen in the last month, despite a further appreciation of the US dollar. That said, the likelihood of a US interest rate hike before end-2016 weighed on precious... 19th October 2016 · 1 min read
Commodities Outlook Near-term risks largely on the downside The recent more positive tone in commodity markets has been helped by a number of tailwinds that may be about to fade, if not reverse. The boost to Chinese demand from policy stimulus now already... 18th October 2016 · 1 min read
Commodities Weekly US dollar appreciation constrains prices The prices of most industrial commodities fell this week, as the US dollar continued to appreciate. Doubts about whether OPEC’s plans for an output quota will lead to any meaningful cuts to supply... 14th October 2016 · 1 min read
Commodities Weekly Energy prices shrug off US dollar appreciation Energy prices surged this week, despite the strength of the US dollar, as the physical markets appeared to be moving closer to balance from a position of oversupply. In most other commodity markets... 7th October 2016 · 1 min read
Commodities Chart Pack A positive month for commodities Encouraging Chinese economic data and the Fed’s decision to leave interest rates on hold boosted the prices of most commodities last month. That said, gold traded in a narrow range, perhaps starting... 3rd October 2016 · 1 min read
Commodities Weekly OPEC’s surprise deal lacks substance The price of oil surged this week in response to the announcement that OPEC members had reached a deal to curb output. However, we are sceptical that this new deal will lead to lower oil supply, not... 30th September 2016 · 1 min read
Commodities Weekly Algiers unlikely to be a game-changer For the most part, commodity prices have risen this week, boosted by some weakness in the US dollar. The Fed's decision on Wednesday to keep interest rates on hold weighed on the US currency. That... 23rd September 2016 · 1 min read
Commodities Update Dollar strength weighs on sentiment A stronger dollar, a reduction in risk appetite and a scaling back of expectations that oil producers will actually limit output made it a tough month for most commodities. However, the price of gold... 20th September 2016 · 1 min read
India Economics Update Domestic factors unlikely to cause rupee slump The rupee has been stable against the US dollar in recent months. Looking ahead, suggestions that domestic factors, including calls from within government for a devaluation of the currency and the RBI... 20th September 2016 · 1 min read
Commodities Watch Bulging stocks to weigh on the prices of grains & soybeans Supply of the main grains and soybeans looks set to rise in 2016/17, after adverse weather –notably in Latin America – dented harvests in 2015/16. That said, many analysts suspect that the United... 19th September 2016 · 1 min read
Commodities Weekly Attention to return to the Fed The price of oil has taken a hit this week as hopes faded of an OPEC-led agreement between producers to freeze output. However, other industrial commodities performed somewhat better, buoyed by the... 16th September 2016 · 1 min read
Commodities Watch Coffee prices perking up The prices of both robusta and arabica coffee are now at close to 18-month highs, as a result of weather-related crop damage, concerns about future supply and falling export volumes. However, if... 7th September 2016 · 1 min read
Commodities Weekly Prices get a payrolls boost A weaker-than-expected US employment report on Friday all but removed the prospect of a US interest rate rise this month, although we still think a hike is likely before the end of the year. The... 2nd September 2016 · 1 min read
Commodities Update Investors turn positive on oil The recent rally in the oil price has been fuelled by speculation that output will be curtailed and, as such, may lose steam if no deal is forthcoming. Meanwhile, the combination of a somewhat weaker... 23rd August 2016 · 1 min read
