Aug 14, 2017 - Weekly Commodity: Risk off sentiment and bearish reports hit commodities

It was a week of swings in the commodity markets with several reports and events driving the market sentiment. The Bloomberg commodity index first jumped 1.4% and then dropped to close the week with only half percent gain. While precious metals and coffee where among the biggest winners, oil and especially grains lost the most. Crude According to the IEA, OPEC’s...

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Aug 7, 2017 - Market Update (DXY up from strong support, EURUSD correction shallow to 1.1700/1650, A look towards 1.2000 still on the cards, World CBs to reassess how aggressively hawkish they are, S&P sees Fed on hold ,3 hikes in 2018, Iron ore up 5.5% on China continuous stock piling, US stock options - already positioning for increased volatility, Glencore looking to buy into Rio Tinto's assets, UBS private banking with USD 2 trln of AUM)

Short recap Asia in green Europe opening higher New sanctions against North Korea (supported by China/Russia as well) UK ready to pay EUR 40 bln Brexit bill S&P sees Fed on hold this year with 3 hikes in 2018 OPEC/Non-OPEC meeting today/tomorrow Iron ore up 5.5% on China continuous stock piling Equities Glencore stretching muscles and increasing offer (USD...

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Aug 4, 2017 - Market Update (NFPs 183k/Earnings 0.3% expected, US yields reaction to NFPs crucial for USD, USDJPY, Gold, EURUSD above 1.1876 but below 1.1900, Siemens to build wind power plant in Turkey, Goldman Sachs buying USD 10 bln of Aramco's credit facility, Tesla - market betting heavily on Model 3 success, Trump productivity stats)

Short recap Asian slightly higher Europe opening lower Russian case moving with subpoenas issued for Trump’s son and his son-in-law A new India-China stand off in Himalaya? Toronto home sales down 40% y/y, 4th month of decline Average purchase price is CAD 746k vs CAD 920k in April Trump should speak on actions against China but the speech may be cancelled Trump...

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Aug 2, 2017 - Market Update (DXY close to strong support area 92.64, 200 WMA & 91.88, BoJ keeping powerful QE, Iron ore down 1.8%, Plenty of USD liquidity supporting risk assets, Drop in US car sales to hurt, One Apple a day..., Tesla on stage today, Banks not happy with low volatility, Venezuela bonds struggling)

Short recap Asia in green as techs were inspired by Apple’s earnings Europe opening higher1 BoJ on a halfway to 2% inflation, must keep powerful QE in place Structural reforms needed to boost inflation Trump to address some China trade practices Iron ore down 1.8% after three day rally (seems not sustainable) and reaching USD 70 per tonne As it was on the back of...

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Aug 2, 2017 – Weekly Commodity: Good week for commodities but bulls seem to run a little too fast

Last week was overall very good for commodities supported with both weak dollar and fundamentals as the Bloomberg commodity index rose1.8%. However there are emerging speculations that the bull had run a littlebit too fast and some correction could be ahead, which was supported with the price action in the beginning of this week in most of the US traded commodity futures Crude...

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Aug 1, 2017 - Market Update (Can Trump hit rock bottom? Weidmann – EZ needs a reform, Chinese Anbang Insurance Group to sell overseas assets & bring cash home, Europe experiencing the strongest earnings season since 2017, EURUSD above 1.1785 (200 WMA))

Short recap Asia slightly up Europe opening higher Can Trump hit rock bottom?       Trump looking at executive action on healthcare North Korea can hit most of US ECB’s Weidmann – EZ needs a reform Oil popped over USD 50 on high fuel demand and HF short covering While supply still high Equities Shell putting a financial...

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