BUSINESS
Commodities may see further volatility given the release of crucial data points next week
If Chinese retail sales and industrial production manage to show green shoots of recovery, it may revive demand optimism and cushion commodities.
TRENDS
Commodities might extend gains next week on hopes of Chinese recovery and stimulus
US unemployment data and Fed Chair Jerome Powell’s testimony will be closely watched for policy hints ahead of the FOMC meeting due on March 22.
BUSINESS
Commodities may take cues from second estimates for US Q4CY22 GDP next week
Most importantly, FOMC meeting minutes and Core PCE, Fed preferred inflation gauge, will be closely watched to see if price pressures have continued to moderate after it eased to 4.4 percent YoY in December.
BUSINESS
Commodity markets' risk appetites to depend on next week’s US CPI, retail sales figures
COMEX Gold and Silver traded in a narrow range this week in line with a stronger Dollar and higher US treasury yields, as FOMC members hinted that rates would go higher.
BUSINESS
Risk sentiments likely to be stable on higher bets of slower pace of rate hikes: Ravindra Rao, Kotak Securities
Volatility in commodities may still persist amid release of most important economic indicators from China coupled with PPI and housing market data from the US.
TRENDS
Commodities likely to remain subdued next week as all eyes on US labour report, manufacturing PMI numbers
Next week, commodities are likely to remain subdued as investors will closely watch US labour report and manufacturing PMI figures for hints on economic activity in December. Also, FOMC meeting minutes will keep investors wary in the first trading week of 2023.
TRENDS
Commodities to keep a vigil on US final GDP, Fed inflation gauge, consumption data next week
US Final GDP and Fed's preferred inflation gauge Core PCE will officially be the last crucial indicators’ release of 2022 before Christmas holidays that starts from 25th December.
BUSINESS
China's politburo meeting, Russia oil price cap to drive commodities markets this week
Oil is set for some wild swings during the week as OPEC+ members meet on December 4 to discuss production cuts and the European Union’s Russian oil price cap kicks in. Moscow has said it will not accept the price cap
BUSINESS
Prospects of less hawkish Fed and China stimulus to cushion commodities amid Covid threat
Overall, commodities may fluctuate as hopes of less hawkish Fed and possibility of RRR (reserve requirement ratio) cut from China may support risk appetite while rising COVID cases amid cold weather in China is adding to fears of a bumpy economic recovery.
BUSINESS
Looming fears of recession and lingering COVID woes in China may keep commodities subdued
Investors may still refrain from taking bigger bets considering the looming fears of recession and repeated signals by Fed officials that interest rates would continue to rise unless there is a persistent decline in inflation.
BUSINESS
Gold waits for a Fed pivot and a weaker dollar
Gold prices have been under pressure this year because of the monetary tightening by central banks
BUSINESS
Commodities may continue to waver as markets cautiously await Fed policy outlook
Investors will be wary as LME decision on Russian metal ban is pending as the exchange is set to receive responses from its users on the same.
BUSINESS
US labour report to set the tone for commodities markets, dollar index
Commodities may see increased volatility next week as well with the return of Chinese markets from Golden Week Holiday.
BUSINESS
West pressure on Russia may not only impact risk sentiment but also supply outlook for commodities
The US dollar got a further boost as comments from Russian president reminded that the Ukraine war is far from over. Russian president announced a partial mobilisation of reservists and made a veiled threat to use nuclear weapons.
BUSINESS
Commodities traders may shift focus to China's industrial production & retail sales, US inflation
The US dollar index corrected from the highs as stability in equities reduced its safe haven appeal, and as market players assessed the US Fed’s monetary policy against other central banks.
BUSINESS
Rate hike expectations slay commodities
A strong USD, weakening gas prices, and soft demand in China and Europe has added to their woes.
BUSINESS
Commodities may continue to see choppy trade as Fed's policy stance remains unclear
The next major event to look for will be US non-farm payrolls report on September 2 which will reflect upon health of the labour market. The Fed may not alter its stance much unless there are signs of stress in the labour market or significant improvement in the inflation situation.
BUSINESS
Next major trigger for commodities may come from Fed comments in Jackson Hole Symposium
The sentiment for commodities has weakened however we are set to see volatile trade as market players keep an eye on trend in US dollar as well as development relating to China.
BUSINESS
Dollar trend to be key factor for commodities as Fed's rate tightening debate intensifies
The US dollar index slumped to 6-week low amid increasing debate about Fed’s monetary policy. Improved risk sentiment also reduced its safe haven appeal.
BUSINESS
Commodities may remain volatile with focus on central banks, global growth, China virus situation
The next major event is US inflation data which may give further direction to Fed’s monetary tightening debate.
BUSINESS
Dollar may correct further if US Fed delivers 75 basis point hike
The next major test for the dollar is the US Fed’s monetary policy meeting on July 26-27. While there has been a lot of discussion about the pace of rate hike, the Fed is largely expected to raise interest rate by 0.75 percentage point at the upcoming meeting and this has been factored in.
BUSINESS
Commodities prices may struggle to recover till substantial correction in dollar
The biggest reason behind weakness across commodities is the persistent strength in the US dollar. The US dollar index has gained more than four percent since the start of the year and tested the highest level since 2002.
BUSINESS
Commodities may look at Fed interest rate decision, commentary, economic projections
Market players may look at economic projections to gauge how long Fed will continue to raise interest rate at current pace and what will be its impact on economic growth.
BUSINESS
Volatility may continue in commodities as market may try to assess if optimism about China rises further
"Market debate about central bank monetary policy stance has intensified and we are seeing market players reacting to economic numbers and central bank comments to get more clarity about future stance," says Ravindra Rao, VP - Head Commodity Research at Kotak Securities
