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The commodity markets are faced with a general downshift in global economic data, and that could serve to temper commodity demand expectations. The ebb and flow of both US/North Korean and US/Chinese flashpoints shifted negative recently, but we continue to think both situations are on the road to being solved favorably. We base this on the evidence that…
After an eventful trading week last week, global markets are holding onto a positive risk tone. President Trump formally announced steel and aluminum tariffs, but there were exceptions for Canada and Mexico that softened its impact on risk appetites. There has been pushback from Capitol Hill, the business sector and major central banks that could keep trade tensions subdued.
Look at the past 2 days candlesticks….and the DOUBLE BOTTOM
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Ahead of the weekend I wanted to get this out! It is ready for trading if you are!
August will soon be over and I released my latest guide on markets to trade heading into the end of summer…get your complimentary copy today!
The good news is that a series of potentially serious geopolitical issues were traversed recently without sustained damage to the global economy or investor sentiment.
Senior Broker Andrew Pawielski covers highlights from the EIA’s June 2017 Short-Term Energy Outlook.
The markets have reacted strangely to a number of events over the past two weeks.