BUSINESS
ECB policy, US Inflation, Chinese data to keep investors cautious in the coming week
Traders may remain cautious ahead of critical data releases from China, while simultaneously hoping for more stimulus measures in light of consistently weak data releases and widespread losses among domestic property developers
BUSINESS
US jobs report, China economy boosters to dictate commodities next week
China impressed the markets this week by allowing some of its largest cities to reduce down payments for homebuyers and encouraging lenders to lower rates on existing mortgages and deposits.
BUSINESS
Fed Chair Powell addresses inflation concerns, commodities market eyes US Jobs data next week
Volatility is expected to persist in the commodities market as the US gears up for a busy week, with investors closely monitoring the labor report, the PCE price index, personal income and spending data, JOLTS job openings, ISM Manufacturing PMI, and the second estimate of Q2 GDP growth
BUSINESS
Commodity markets | Spotlight to be on flash manufacturing PMI figures, Jackson Hole Economic Symposium next week
Market participants will keenly observe the speech by US Fed Chair Jerome Powell to discern the monetary policy outlook, particularly in light of the US economic resilience and the prevailing disinflationary trend.
BUSINESS
FOMC minutes, China's retail sales & industrial production data, to be in focus for commodity investors next week
Commodities traders will also closely monitor US retail sales data next week to ascertain whether they remained subdued in July after a modest 0.2 percent increase in June.
BUSINESS
Commodities participants assess global central bank statements ahead of key inflation data due next week
A potential decline in US inflation would likely be well-received by investors.
BUSINESS
Bullish momentum in markets may push crude towards $82.50 a barrel
Crude oil prices continued their upward trend for a fifth consecutive week, buoyed by signs of supply tightness and improving macroeconomic conditions.
BUSINESS
Recovery in dollar may strain commodities; central banks in focus next week
On the technical front, NYMEX Crude is trading close to a falling trend line resistance near $77.50 per barrel. Sustained closing above $77.50 per barel would give the bulls the edge to take the price higher towards the next resistance of $79.50 per barrel.
BUSINESS
Copper, Zinc look positive amid bullish candlestick formations on short term charts
Apart from optimism from a possible pause in rate hike, LME base metals received support from hopes of more fiscal stimulus from China.
BUSINESS
Expect more volatility in commodity markets as several important indicators lined up next week
Investors cautiously eye US Core PCE, Fed’s preferred inflation gauge, as any upside surprise could very much cement the case for a July rate hike.
BUSINESS
Central bank meetings, US Inflation print to set the tone for commodity markets next week
As of now, markets have largely priced in a pause for the upcoming June FOMC meeting. Additionally, worsening economic data prints from the US may limit scope for policy tightening in the coming months.
TRENDS
Base metals may get some support from additional Chinese realty initiatives
Most base metals held on to gains owing to softer dollar and surprise expansion in China’s Caixin manufacturing PMI, this week.
BUSINESS
Commodity markets to focus on US consumer spending, labour reports next week
US Core PCE is expected to remain unchanged at 0.3 percent MoM and 4.3 percent YoY for April. If it is unexpectedly high, it may prompt the Fed to keep interest rates higher for a longer time, leading to an upside in the dollar which will weigh on commodities
BUSINESS
US debt ceiling deal to set the tone for commodities market next week
FOMC meeting minutes, Fed’s preferred PCE price index and preliminary PMIs from US, UK and Eurozone will be in focus for the coming week.
BUSINESS
Commodity investors await FOMC deliberations, Powell on policy guidance
Uncertainty regarding the US debt ceiling lingers since meeting between the President Joe Biden and House Speaker Kevin McCarthy has been postponed until next week
BUSINESS
Headwinds from US banks fallout, debt default fears to keep investors anxious
WTI Crude oil is trading close to the 200 period simple moving average support near $66/bbl. A break below the said support on a daily closing might pull the price further lower towards $62/bbl.
BUSINESS
Any dovish tilt in Fed comments might be an upside trigger for gold prices next week
FOMC and ECB will be in focus next week, both widely expected to deliver a 25 bps rate hike. We expect gold prices to ease a bit ahead of the FOMC, as Fed might reiterate higher rates for longer and no rate cuts in 2023. Having said that, any dovish tilt in comments might be an upside trigger for gold prices.
BUSINESS
Volatility to persist in commodities in run up to central bank meetings
As of now, economically sensitive commodities are struggling for direction as participants assess the latest inflation data and await more data before the major central bank meetings in the first two weeks of May.
BUSINESS
More evidence of easing price pressures in US to support risk appetite of commodities amid recession worries
Chinese economic data’s will be keenly awaited as continued expansion in economic activity may hint towards first signs of an even recovery.
BUSINESS
COMEX gold may near all-time high of $2,089 if US labour market slows down
Investors will watch out for extended weakness in inflation and retail sales from the US next week, both of which slowed in February.
BUSINESS
Renewed investor optimism supports risk sentiment, US data to guide commodities market
The oil market will track the OPEC+ meeting, though no changes in production quotas are expected. Markets will also react to US economic data if the banking crisis remains contained
BUSINESS
Commodity investors wary of uncertain macro-economic environment
Risk off has returned with fresh concerns about Deutsche Bank. Also, the US probe on whether financial professionals at UBS and Credit Suisse helped Russian oligarchs circumvent sanctions will add to the uncertainty and keep investor confidence fragile
BUSINESS
Uncertain macro-economic environment to keep commodity investors wary
Risk off has returned with fresh concerns about Deutsche Bank. Also, the US probe on whether financial professionals at UBS and Credit Suisse helped Russian oligarchs circumvent sanctions will add to the uncertainty and keep investor confidence fragile.
BUSINESS
Wild swings to continue in commodities as fear dominates market sentiments
Market sentiments remain fragile as the fears of a financial crisis are still far from being contained yet and hence volatile moves cannot be ruled out.
