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Copper
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AccuMarkets | Take some profit off the table and go flat [Copper, Sugar, Corn]
I will be out the next 3 business days – let’s be prudent and take some profit off the table and go flat. Ideally we can get back in next Monday or Tuesday in a better position(s). For now let’s take the profit. Everyone that has participated in in AccuMarkets in the last 2 months… Read more.
Market Sentiment Keeping Prospect of Commodity Selling High
Judging by the reactions in the markets, sentiment on global equities has not been injured by the trade salvos, but sentiment on a number of demand-driven commodities has. With China posting yet another record trade surplus with the US for the month of June and…
US Economic Expectations Given a Boost, Rate-Hike Fears May Weigh on Commodities
Clearly the US economic growth crowd was given a significant boost by the latest US jobs readings, with the headlines trumpeting an 18-year low in unemployment and a gain of 223,000 jobs for May. This should ratchet-up US economic expectations and…
Fresh Threats to the Markets, High Risk Sentiment
The North Korean situation flared up again with fresh threats from their leader, and while the markets have taken these types of threats in stride before, there will be some anxiety that affects risk sentiment.
World Economy Remains Upbeat
By many measures the world economy continues to recover. The pace is apparently disappointing to commodities but not to equity markets.
Markets Continue to Deny Fundamentals, but the Global Economy is Growing!
Despite the Treasury market’s strange reaction to the much better than expected US nonfarm payroll result for April, the overall outlook for the US and global economy was improved markedly by that data released last week.
Surprising Global Economic Outlook Improvement
The outlook for China seems to have improved enough for them to raise short-term interest rates. In the wake of this general progression, growth-sensitive industrial commodities like crude oil and copper have already benefited.
Outlook for the Global Economy and Commodity Markets Continues to Improve
The outlook for the global economy and commodity markets in general continues to improve, but some might fret over the looming FOMC rate decision, while others might be concerned over the prospect of a firming dollar in the event the Fed does make a move to hike rates.
Signs of Improving Global Economy? Or Anticipating US Rate Hike?
We are not sure if the signals being thrown by Treasuries this week are a sign of a longer term change or if we are “putting the cart before the horse.”