Commodities Weekly Commodity prices take direction from the Fed Weaker-than-expected Chinese manufacturing surveys and a fairly hawkish statement from the Fed sent the prices of most commodities lower again this week. Industrial commodities prices were also hit... 3rd May 2019 · 1 min read
Commodities Weekly Strong US growth fails to impress commodities The prices of commodities mostly fell this week, despite Friday’s data showing stronger-than-expected Q1 growth in the US. Even oil prices ended this week lower. Having initially jumped when the US... 26th April 2019 · 1 min read
Commodities Weekly Commodities shrug off better news from China The stronger-than-expected economic activity data released this week by China failed to boost commodity markets. Part of the reason is probably that some of the good news had already been priced in... 18th April 2019 · 1 min read
Commodities Weekly Waiting for the next big move It has been a relatively quiet week in most commodity markets, except for energy. Oil prices rose again, to over $70 per barrel for Brent, on news of military operations in Libya. However, we think at... 12th April 2019 · 1 min read
Commodities Weekly Maybe the good news is priced in? All the signs are that US-China trade talks are progressing well. On Friday, there were even media reports that the two sides had agreed timelines for implementing a deal. Given the good news on trade... 5th April 2019 · 1 min read
Commodities Weekly Downhill from here … After a strong first quarter, we expect the prices of most commodities to ease back over the course of 2019 on the back of subdued growth in demand. There are now broad-based signs of slower growth in... 29th March 2019 · 1 min read
Commodities Weekly Price gains on borrowed time In a week when fears about global economic growth were stoked by a dovish Fed and weak euro-zone flash PMI readings for March, commodity prices actually performed rather well. However, we think that... 22nd March 2019 · 1 min read
Commodities Weekly Prices can’t keep ignoring the data The prices of many commodities rose this week, despite soft economic data, in part owing to confirmation of Chinese policy stimulus at the National People’s Congress. As it happens, we think the scale... 15th March 2019 · 1 min read
Commodities Weekly All the signs point to weaker demand After a relatively quiet week, the prices of most commodities took a tumble on Friday afternoon following the release of weak US February employment data. A rise of just 20,000 in non-farm payrolls... 8th March 2019 · 1 min read
Commodities Weekly China stimulus likely to drive prices Next week, commodity markets will be closely watching the annual meeting of China’s parliament, the National People’s Congress, hoping for additional fiscal stimulus. The government’s Work Report and... 1st March 2019 · 1 min read
Commodities Weekly Prices likely to drop back despite trade talks The prices of many major commodities, including oil, gold and copper, hit multi-month highs this week, but we think that almost all will fall sooner rather than later. The rally this week was fuelled... 22nd February 2019 · 1 min read
Commodities Weekly Oil’s rally to eventually lose steam After rising strongly this week, the price of oil is likely to remain supported in the short term by clear signs of lower supply from OPEC (mainly Saudi Arabia) and the loss of Iranian and Venezuelan... 15th February 2019 · 1 min read
Commodities Weekly Iron ore to be in the spotlight next week The return of Chinese investors could lead to a sharp rise in the price of iron ore next week, given the likelihood of significantly lower Brazilian supply. However, the prices of other industrial... 8th February 2019 · 1 min read
Commodities Weekly Recent optimism unlikely to last Commodity prices have generally had a positive week, boosted by the US-China trade talks and the dovish tone adopted by the Fed at its FOMC meeting. However, the strong US employment report on Friday... 1st February 2019 · 1 min read
Commodities Weekly Trade talks could be pivotal to investor sentiment Commodity prices largely shrugged off comments this week by the US Commerce Secretary that the US and China were “miles and miles” away from a trade deal. But the outlook for trade talks may take... 25th January 2019 · 1 min read
Commodities Weekly Commodities looking for direction from China Commodity prices have generally risen this week, in large part due to optimism about further economic stimulus in China. We are more cautious as we expect the expansionary impact of stimulus to only... 18th January 2019 · 1 min read
