Tuesday 15 April 2014

COMMODITY MARKET TRENDS 16 April 2014

BASE METAL WRAP: 
Industrial metals fell on Tuesday as investors sold risky assets on worries about demand in top consumer China and on concern about tensions in Ukraine.

ENERGY WRAP: 
Brent crude fell for the first time in three days as Chinese data showing a reduced pace of economic growth countered concern that the crisis in Ukraine is escalating. West Texas Intermediate was steady.

PRECIOUS METAL WRAP: 
 Gold retreated for a second day, extending the biggest drop in three weeks, on prospects for further cuts to the Federal Reserve’s stimulus program as the U.S economy shows signs of recovery. Silver fell.

GLOBAL EVENTS TO WATCH: 
FOMC Member Plosser Speaks, Treasury Currency Report, CPI q/q, FOMC Member Kocherlakota Speaks, GDP q/y, Industrial Production y/y, Fixed Asset Investment ytd/y, NBS Press Conference, Retail Sales y/y, BOJ Gov Kuroda Speaks, Claimant Count Change, Unemployment Rate, FOMC Member Stein Speaks, Building Permits, Housing Starts, Capacity Utilization Rate, Industrial Production m/m, BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate, Crude Oil Inventories, BOC Press Conference, Fed Chair Yellen Speaks, FOMC Member Fisher Speaks, Beige Book.

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