Commodities Weekly Prices vulnerable to a reassessment of US rate outlook Despite a spectacular 287,000 gain in non-farm payrolls in June, Fed funds futures are still only pricing in a 50% chance of a US interest rate hike by the end of 2017. This dovish spin allowed the... 8th July 2016 · 1 min read
Commodities Weekly Brexit vote has a silver lining The price of gold has predictably done well in the wake of the UK’s surprise vote to leave the EU (‘Brexit’). But the real star of the show has been silver, whose price has already jumped by nearly 20... 1st July 2016 · 1 min read
Commodities Weekly A relatively muted response to Brexit Unsurprisingly, the prices of most commodities have fallen in the wake of the UK’s vote to leave the EU. The main exception is gold, which has benefitted from renewed safe-haven demand as well as the... 24th June 2016 · 1 min read
Commodities Weekly All about Brexit Worries about contagion from a UK vote to leave the European Union (‘Brexit’) have undermined the prices of riskier assets this past week, including oil and other industrial commodities, while... 17th June 2016 · 1 min read
Commodities Weekly “Brexit” risks coming into focus Commodity prices have generally risen in the past week, helped by further dollar weakness. However, sentiment already appears to be turning more cautious on renewed concerns over the health of the... 10th June 2016 · 1 min read
Commodities Weekly When bad news is good news… Metals prices bounced on Friday, led by silver, gold and copper, as the downbeat US payrolls report quashed expectations of a summer rate hike by the Fed and dragged the dollar lower again. This... 3rd June 2016 · 1 min read
Commodities Weekly Rising oil doesn’t necessarily lift all prices Oil prices have continued to recover, with Brent at least briefly topping $50, but this positivity was not replicated across the board. Indeed, the recovery in oil probably contributed to the weakness... 27th May 2016 · 1 min read
Commodities Weekly Fed jitters take some of the steam out of the rally Commodity prices fell back in the past week after the release of the minutes from the April FOMC signalled that US interest rates could yet rise as soon as next month. The markets are still only... 20th May 2016 · 1 min read
Commodities Weekly Oil up on supply outages, metals down on demand fears The stronger US dollar and renewed concerns about the robustness of the credit-led recovery in China’s economy weighed on metals prices this week. However, oil benefited from the disruptions to supply... 13th May 2016 · 1 min read
Commodities Weekly Investor exuberance wanes For the most part, commodity prices fell this week. This was not too surprising as the prices of many commodities, particularly the more industrial ones, appeared to have moved ahead of fundamentals... 6th May 2016 · 1 min read
Commodities Weekly Almost all news is good news Commodities rallied further in the past week, notably oil, helped by positive investor sentiment and further dollar weakness. Gold and (particularly) silver were again among the biggest gainers... 29th April 2016 · 1 min read
Commodities Weekly Investor enthusiasm drives prices higher The prices of almost all commodities have risen this week, fuelled by the ongoing improvement in investor sentiment and renewed weakness in the US dollar. The rally in oil prices was perhaps somewhat... 22nd April 2016 · 1 min read
Commodities Weekly All eyes on Doha Commodity prices have generally risen over the past week, despite some appreciation of the US dollar, on a combination of strong Chinese economic data and optimism that an output freeze will be agreed... 15th April 2016 · 1 min read
Commodities Weekly Oil prices surge ahead of Doha meeting Commodity prices had a mixed week, despite support from further softness in the US dollar. In particular, key industrial metals dropped back, consistent with our view that the earlier surge was... 8th April 2016 · 1 min read
Commodities Weekly Oil prices surge ahead of Doha meeting Commodity prices had a mixed week, despite support from further softness in the US dollar. In particular, key industrial metals dropped back, consistent with our view that the earlier surge was... 8th April 2016 · 1 min read
Commodities Weekly Commodities hit by strong US data and Saudi comments Markets began the second quarter on Friday on a sour note, with sentiment undermined both by a weak Tankan survey in Japan and, rather perversely, by another robust Employment Report and a buoyant ISM... 1st April 2016 · 1 min read
