Sunday, 3 August 2014

COMMODITY MARKET STRATEGY 04 AUGUST 2014



BASE METAL WRAP: London copper was a tad firmer on Monday after weak U.S. employment data soothed concerns that the Federal Reserve would soon begin to draw back liquidity that has cushioned demand for metals.

ENERGY WRAP: West Texas Intermediate crude traded near the lowest price in six months before data that will signal the strength of the economy in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: A slew of worries fueled by U.S. and European data, Argentina's default on its debts and conflict in Ukraine and in the Middle East sent investors rushing to safe-harbor gold positions on Friday.

GLOBAL EVENTS TO WATCH: Retail Sales m/m, Construction PMI, Loan Officer Survey.
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