Thursday, 5 September 2013

TODAY COMMODITY MARKET STRATEGY


BASE METAL WRAP:
Copper futures tumbled the most in five weeks on
mounting speculation that the Federal Reserve will
ease economic stimulus and on concern the U.S. is
moving closer to a military strike on Syria.

ENERGY WRAP:
West Texas Intermediate crude traded near the
lowest price in more than a week as the U.S. weighed a
limited military strike on Syria, easing concern the
conflict will spread and disrupt Middle East oil
supplies.

PRECIOUS METAL WRAP:
Gold advanced after the biggest drop in a month as
the Senate Foreign Relations Committee voted to
authorize President Barack Obama to conduct a limited
U.S. military operation against Syria, boosting haven
demand.

GLOBAL EVENTS TO WATCH:

Trade Balance, Monetary Policy Statement, BOJ Press
Conference, Asset Purchase Facility, Official Bank
Rate, MPC Rate Statement, Minimum Bid Rate, ADP
Non-Farm Employment Change, ECB Press Conference,
Unemployment Claims, Revised Nonfarm Productivity q/q,
Revised Unit Labor Costs q/q, ISM Non-Manufacturing PMI,
Factory Orders m/m, Natural Gas Storage, Crude Oil
Inventories, G20 Meetings.           

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