Commodities took a sharp turn lower in the first week of May, beginning with a silver price collapse from US$50/oz back below US$35/oz – a move in excess of 30%, driven by higher margin requirements and a spectacular unwind of speculative longs. Seeing this, BMI’s Commodities Team focused its attention on Brent crude, upon which… [Read more]
The technicals and fundamentals are starting to align for a major correction in global markets. Terry Alexander, Head of Global Research at Business Monitor, joins Mark Schaltuper to discuss some of the key views on the markets.
On a nonfarm payrolls day, and with equities looking awful on a long-term basis but well oversold on a short-term basis, Risk Watchdog is looking to the bond market for medium-term clues. Yields in the US and Germany have come down significantly over recent weeks, particularly at the long end. The immediate reason for this… [Read more]
Precious metals have been hit particularly hard in recent trading and I see potential for further downside in the coming days, as I suggested recently. Weaker equity markets, a rise in risk aversion and a concomitant rise in the US dollar have weighed on commodities. Currently, daily momentum indicators are firmly into oversold territory and… [Read more]
