1. 20 Sep, 2017

    Aluminium near 5 year highs

    After testing some key downside levels over recent days, following weaker than expected Chinese industrial production figures, industrial metals have staged a broad rally and appear to be on track for a 4th day of gains, supported by continued dollar weakness.

  2. 18 Sep, 2017

    Brent Testing 56 $/b

    It has taken a hurricane to do it, but US gasoline inventories have finally shown a significant fall. Last Wednesday’s data releases showed that inventories fell by 8.4m barrels which brings inventories down well below this time last year.

  3. 13 Sep, 2017

    Speculative Froth Taken off Copper

    Industrial Metals have largely eased in recent days following a steady run of price gains across the board. This is despite a weaker Dollar, particularly under pressure against the Euro following the ECB meeting last Thursday where President Draghi gave a firm pointer towards the ECB announcing its decision to taper its quantitative easing program at its October meeting.

  4. 13 Sep, 2017

    Pound jumps with inflation

    Yesterday’s main headline news that really got the market moving was August’s headline CPI inflation number which was firmer than expected.

  5. 11 Sep, 2017

    Hurricane’s Confuse Oil Markets

    Last Thursday, the first set of US inventory data to show the effect of hurricane Harvey were published. As expected, reduced refinery throughput led to a large increase in crude inventory (up by 4.6m barrels), and gasoline stocks fell (by 3.2m barrels).

  6. 11 Sep, 2017

    Copper to break 7,000 $/MT?

    Industrial metals prices have continued to consolidate, and indeed build on price gains throughout August. Copper continues to nudge closer to 7,000 $/MT, reaching a high of 6,970 $/MT on Tuesday.

  7. 08 Sep, 2017

    Euro undented by Draghi

    Mario Draghi fulfilled analysts’ expectations yesterday by giving a firm pointer towards the ECB announcing its decision to taper QE at its 26 October meeting, seeking to ensure markets are well prepared for this and thereby avoiding a taper tantrum.

  8. 07 Sep, 2017

    World waits on Draghi

    We had two surprises in the world of central banking yesterday. 

  9. 06 Sep, 2017

    Hurricane Harvey brings dislocation to global oil and fuel markets

    Last week started with two distinct news items to occupy asset markets, North Korean developments over the last two weekends have, aside from movements in gold and safe haven currencies, been met with relatively muted market responses elsewhere.

  10. 06 Sep, 2017

    Dollar doves send cable higher

    Yesterday saw GBPUSD break the 1.30 level for the first time in a month following some dovish comments from the US Federal Reserve.