TradingFloor.com highlights: Euro rallies ahead of FOMC meeting
Today's TradingFloor.com highlights: Nick Beecroft says last week's LTRO repayment may be the last EUR positive for a while. John Hardy looks at AUDUSD ahead of tomorrow's FOMC meeting. Ole Hansen says...
View ArticleCommodity Momentum: Pausing for breath ahead of Nonfarm Payrolls
Many commodities have run into some light profit taking today as also seen in stocks and Southern European government bond markets. Month-end profit taking and the US jobs report Friday also plays its...
View ArticleEnergy leads a strong January while gold needs a catalyst
Most of the major global commodities began 2013 with solid gains with both the major indexes showing strong returns, particularly due to strong performances in gasoline and crude oil. Gold is on US...
View ArticlePositive momentum returns to sugar
Sugar, the worst performer during what has been a strong 2013 start for commodities, is showing signs of wanting to move up the performance table. Momentum which had been negative since 8 January...
View ArticleCommodity Momentum: Brent rallies, WTI struggles, metals mixed
WTI crude is struggling to keep up with Brent crude with the price discount rising. Metals are mixed with copper showing some toppish behaviour, gold not knowing which leg to stand on and platinum...
View ArticleCommodity Momentum: Gold in waiting, energy higher led by Brent
Gold momentum continues to slow as traders are waiting for a catalyst which can take it away from current levels. Platinum has already received its catalyst and yesterday rose to a 16-month high. The...
View ArticleTrade Idea: Utilities seen outperforming broader market
While the broader European equity market has performed well in recent months, the oil and gas sector along with certain utilities showed obvious negative divergence. Utility company RWE AG offers good...
View ArticleNatural Gas: end-of-season storage levels in focus
The weekly EIA Natural Gas Storage Change is due later today at 15:30 GMT. Current expectations are for a withdrawal of 166 billion cubic feet (bcf) which would bring the total in underground storage...
View ArticleTradingFloor.com highlights: European stocks receive a boost
Today's TradingFloor.com highlights: Peter Garnry sees France's Danone surprises to the upside. Nick Beecroft says the path for USDJPY may not be as clear as some believe. Ole Hansen sees signs of...
View ArticleCommodity momentum: what a day!
The negative momentum saw platinum yesterday added to the long list that now only excludes Brent crude and RBOB Gasoline. The big story, however, was the accelerating weakness in precious metals and a...
View ArticleCommodity momentum: gold stabilising despite record ETP reduction
Natural gas has changed following a move higher in recent days. Gasoline has been a very strong performer so far this year, but with the price of Brent crude trading on the weak side there seems to...
View ArticleUS data supports a slowdown in negative commodity momentum
The commodity monitor describes the negative momentum that has engulfed the different sectors during February. Signs of a potential change is emerging across the agriculture sector with several...
View ArticleBrutal February hurts commodities
After a solid January, commodities went into reverse during February, triggered by individual events within the different sectors but also some general macro. Political events also played their part....
View ArticleCFTC: Bullish commodity bets slumps to lowest in 14 months
Money managers reduced bets on rising commodity prices for a third week in a row bringing the net-long position to the lowest level since December 2011. The reasons included a stronger US dollar,...
View ArticleCommodity momentum: Agriculture turns - now comes the hard work
The momentum monitor continues to turn green across the agriculture sector, with corn and live cattle the latest entrants yesterday. Wheat has not yet joined as the prospect for a large global crop is...
View ArticleCommodities shake off brutal February
Several commodities have established a base following the onslaught in February. Driving the improved sentiment was the continued “risk” on sentiment, pushing worries about currency wars and debt...
View ArticleTurtle Model: Breakout in S&P 500; will Natgas take out high?
Last Friday the S&P 500 continued its rally and made a new breakout. This morning natural gas is close to breakout at 3.646 and the model is also close to adding another short unit in EURUSD.
View ArticleCommodity momentum: precious metals holding up despite adversity
The better-than-expected US job report triggered the usual instant selling of precious metals by algo traders, but for once some support quickly emerged and both metals finished near unchanged on the...
View ArticleEnergy Update: Spot tightness easing
The energy forward curves of Brent crude, gasoline and gas oil point towards an easing of supply tightness. WTI crude and natural gas, meanwhile, have seen demand and pick up triggering an...
View ArticleCommodity momentum: soybeans and coffee lower on Brazilian supply
Soybeans dropped for a third day in a row today as the harvest in Brazil, the world's largest producer, continues to add supplies to the global market. Arabica coffee is also suffering from plenty of...
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