Dollar, trade tiff driving commodities
Commodities in general traded close to unchanged on the week with rising energy and metal prices being offset by lower grain prices. The weaker dollar, which came under pressure against resurgent...
Commodities stay focused on US-China trade tariff battle
Commodities remain under pressure from uncertainty surrounding the US’ trade dispute with the rest of the world and the continued weakness seen across emerging market stocks, bonds, and currency...
August commodity losses driven by US-China trade tariffs battle
The commodity sector recorded a third consecutive monthly loss in August as trade wars and emerging market turmoil more than offset a return to profit across the energy sector. Crude oil moved higher...
Commodities struggle to navigate sanctions, tariffs
August is normally a quiet month for markets, but this year it has so far been anything but. The markets have been rattled by a continued escalation of the trade war rhetoric between the US and China,...
Wheat remains in the driver’s seat
Global wheat prices continue higher today in response to ongoing challenging growing conditions in Europe, the former Soviet Union (CIS), and Australia, which is experiencing one of its driest winters...
Commodities sell-off pauses despite continued focus on trade
Commodities have begun to find their footing with the Bloomberg Commodity index trading higher for a second week. This follows a 10 per cent loss since June when the “trade war leading to lower...
Dollar is new safe haven; oil jumps on supply threats
Commodities have become increasingly challenged as we enter the second half of 2018. Following a strong start to the year we have seen multiple headwinds begin to emerge during the past quarter. Above...
Oil rallies on Opec compromise; gold on positive view
The Bloomberg Commodity Index has seen its year-to-date gains disappear following four weeks of heavy selling. The broad-based index, which tracks 22 major commodities evenly split between energy,...
Stronger dollar weighs on commodities ahead
The combination of renewed dollar strength, a Saudi/Russia proposal to raise oil production, the increased risk of a US/China trade war, and improved crop conditions in the US all helped trigger a...
Crude spreads widen; gold still looking for a catalyst
Commodities traded lower this past week with losses being led by the energy sector while both the metals and agriculture sectors were mixed. Impacting commodities both directly and indirectly were the...
Buying fatigue hits oil, gold pops back above $1,300/oz
Commodities have outperformed other classes so far this year. Rising oil prices have steadily been feeding into an increase in headline inflation. These developments together with increased...
Commodities fixated on Trump, Iran and dollar
Ole Hansen - The performance across key commodities remains solid so far this quarter. Trade and geopolitical tensions, together with a stronger dollar, have nevertheless helped create a...
Geopolitics lift oil and gold while hurting copper
Ole Hansen - The geopolitical stage looks increasingly awful following President Trump’s decision to slap tariffs on $50 billion of China-made goods. China immediately responded by targeting $3bn...
Commodities weaker on geopolitics and trade risks
The Bloomberg Commodity Index traded lower for a third consecutive week with major commodities such as crude oil, gold, and copper stuck within relatively narrow ranges. Market jitters ahead of a...
Geopolitics and economics: To the brink and back
Ole Hansen - Commodities traded flat on the week with the Bloomberg Commodity Index showing gains in energy being offset by losses across both industrial and precious metals. The agriculture...
Commodities higher on cocktail of dollar weakness
Renewed risk appetite has been led by the recovery in global stocks which posted their best week of gains in six years. The dollar hitting its lowest level since 2014, together with a rising inflation...
Oil reverses as tech and fund outlook weakens
The global market has been spooked by recent developments in the US where rising wage pressure at a time of low unemployment and tax cuts is raising concern. The S&P 500 entered into correction...
Commodities pause as US yield spike boosts dollar
Worldwide growth combined with rising inflation expectations have supported demand for commodities so far this year. The broad-based Bloomberg Commodity Index trades higher by 1.5 per cent...
Global commodities boosted by a fading dollar
Seven consecutive weeks of dollar selling has supported a strong rally in commodities, not least energy and precious metals. It culminated last week when the Bloomberg dollar spot index, which tracks...
Energy leads commodities in bullish start to 2018
The commo-dities sector, led by energy, continues to see demand during the first full trading week of 2018. The sector has been benefiting from an increased focus on inflation as the current expansion...