1. 22 Nov, 2017

    Metals find support at key technical levels

    A week relatively light on newsflow has seen metals largely trading around key technical levels, with the moving averages in particular in repeat throughout this commentary. The big mover has been copper, which had been in a steady decline since hitting recent highs above 7,000 $/MT.

  2. 21 Nov, 2017

    IEA Report Unsettles Oil Markets

    The IEA report covering the month of October was released last week (click here), showing OPEC production 80k b/d lower than September, but overall global supply 100k b/d higher. Crucially the IEA reduced its demand forecast for 2018 by 190k/d.

  3. 17 Nov, 2017

    UK retail sales fall for the first time since 2013

    Yesterday morning UK retail sales were released which showed that volumes as measured by the ONS grew by 0.3% in October following a downwardly revised 0.7% contraction in September.

  4. 16 Nov, 2017

    Britain braces for poor retail sales

    Figures released yesterday showed that UK labour market remained steady. The unemployment rate remained firm at a joint 42-year low of 4.3% in the third quarter of 2017.

  5. 15 Nov, 2017

    UK CPI Inflation misses expectation

    The Pound continued its losing streak this week as UK headline CPI inflation data missed the consensus of 3.1% and remained steady at 3% in October.

  6. 14 Nov, 2017

    MPs to review EU withdrawal Bill

    Sterling struggled yesterday as further political uncertainty plagued the market, hitting a low of 1.3062 against the USD and 1.1207 against the Euro.

  7. 09 Nov, 2017

    Base Metals Lose Some of their Shine

    Reuters Journalist Andy Home has published a nice price on LME week which is notably less hubristic regarding electric vehicles and their impact on metal demand, than is currently fashionable.

  8. 09 Nov, 2017

    6th round of Brexit talks begin today

    International Development Secretary Priti Patel offered her resignation, shortly after she admitted to holding a series of unauthorised meetings with Israeli officials without the PM’s knowledge and suggested giving British aid money to an Israeli army project.

  9. 08 Nov, 2017

    Happy Trumpiversary!

    Overnight headlines focused on Trump’s address at the National Assembly in South Korea.

  10. 07 Nov, 2017

    UK Retail Sales Downbeat

    The British Retail Consortium’s (BRC) retail sales monitor delivered a downbeat picture of UK retail spending in October.