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  • Article / Friday at 14:00 GMT

    WCU: Commodities fired up by fading dollar

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Commodities fired up by fading dollar
    April was the best month for commodities since December 2010. A strong rally in oil, a speculative frenzy in China and continued demand for precious metals triggered a 7.5% return on the Bloomberg Commodity index. Continued selling of the dollar, not least against the yen this past week was one of the key drivers.
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    2d
    asena asena
    thanks
  • Editor’s Picks / Thursday at 0:36 GMT

    For commodities, the bad times are just beginning

    Nikkei Asian Review
    For the commodities market, the good times have come and gone, but the bad times are only just beginning. Each commodities supercycle has always been followed by a downturn that lasted just as long, or longer. With demand weak and oversupply rampant, it is unlikely that this time will be any different. For many countries and companies, this means the only options are adapt or die. Commodities accounted for more than 80% of total exports in 63 of 135 developing countries in 2012-13. Brazil and South Africa were investor darlings until a few years ago. Now their economies are in turmoil, dragged down by their ailing mining sectors. Even richer countries, such as Canada and Australia, are suffering hangovers from the mining boom.
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  • Article / Wednesday at 14:03 GMT

    Oil hits new 2016 high ahead of US inventory report

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil hits new 2016 high ahead of US inventory report
    Strong investor demand, a weaker dollar, and expectations of lower production has propelled crude oil to a new high for 2016. Today, oil has risen strongly again ahead of the US inventory report at 16:30 CET. As it continues to tear higher, it shows a similar behaviour to last year.
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    3d
    Ole Hansen Ole Hansen
    Oil is once again shrugging off an inventory which apart from strong implied gasoline demand had little to offer the Bulls. It is showing the underlying strength...
    3d
    matsuri matsuri
    it seems that oil is driven up only by specualtive longs, fundamentals and reports play at the moment no role (very surpsising), however it may turn fast...
    3d
    Valdis Valdis
    there have been too many signals of this upward trend ending soon: record longs, price totally ignoring the news, etc. The May 6 peak chart from the...
  • Squawk / Wednesday at 8:08 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil continues to be carried higher by strong investor sentiment and a weaker dollar. In addition it was given an extra boost from a surprise drop in US inventories as reported by the API last night. BP and a couple of US shale oil producers all seeing $50 as the level above which production will increase and cash flow begin to improve.
    Key event today is the official inventory report from the EIA and traders will be looking out for developments in inventories, production and demand.
    The latest rally has attracted lower volumes which could be a worry but for now momentum remains positive. Current ranges: LCOM6: $44.30 to $46.90 and CLM6: $42.50 to $45
    Calendar link: https://www.tradingfloor.com/posts/us-eia-weekly-petroleum-status-report-2799974
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  • Article / Wednesday at 7:00 GMT

    Morning Markets: Apple disappointment reverberates across Asia

    Saxo Bank
    Norway
    Morning Markets: Apple disappointment reverberates across Asia
    Japan's Nikkei index was hit by ripple effects from disappointing second-quarter results from US technology giant Apple, where iPhone sales dropped and topline and earnings figures missed analysts' expectations. Apple's poor results, reported after the US market closed on Tuesday, knocked shares in Japanese supplier companies on Wednesday. Shockingly weak CPI data from Australia hit the Aussie dollar.
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  • Article / Wednesday at 3:33 GMT

    Global Market Report: Key indices look stretched

    Global Investment Analyst / Rivkin
    Australia
    Global Market Report: Key indices look stretched
    Longer-term outlook continues to improve for the ASX and there will be higher levels above the 5,350 region in the coming weeks. This contrasts with the S&P 500, where momentum indicators are at highly overbought levels, suggesting the near-term risk is to the downside.
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  • Article / Monday at 8:00 GMT

    COT: Commodity bets surge on broad-based buying interest

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Another strong week for commodities attracted continued buying from hedge funds. The positioning of 12 major commodities jumped by 43% to 782,000 lots, a far cry from the net-short of 142,000 lots seen just 3-months ago. The net-longs in silver and WTI crude oil hit a new record and an 11 month high respectively.
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    6d
    Ole Hansen Ole Hansen
    The ICE Europe Exchange has just released its weekly COT data on Brent Crude oil. The net-long increased by 4% to a new record of 418,000...
    6d
    Nickolya Nickolya
    I noticed, according to statistics, after the maximum should be a sudden correction