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Commodities Weekly Recap August 16, 2019

Commodities Weekly Recap August 16, 2019

 Lots of volatility in markets- Trade is the leading issue, but there are plenty of other factors weighing on markets
 Gold and bonds make new highs as capital heads for safe-havens
 Natural gas and crude oil edge higher but remain under pressure
 The August WASDE report sends agricultural commodity prices lower
 Bitcoin and digital currencies post declines on the week

Commodities Weekly Recap August 9, 2019

Commodities Weekly Recap August 9, 2019

 The US designates China as a currency manipulator
 Precious metals post across the board gains
 Energy prices move to the downside across the board
 Grains rally in anticipation of the August 12 WASDE report from the USDA
 Lots of volatility in stocks- Bitcoin posts a double-digit gain on the week as the Chinese yuan trades at the 7 level against the US dollar

Commodities Weekly Recap August 2, 2019

Commodities Weekly Recap August 2, 2019

 The Fed disappoints with a 25-basis point cut
 An escalation in the trade dispute weighs on industrial commodities
 Gold puts in a bullish reversal pattern on the weekly chart
 New highs in the dollar index
 Copper falls to a new low for 2019- Weakness in energy and agricultural commodities

Commodities Weekly Recap July 26, 2019

Commodities Weekly Recap July 26, 2019

 Precious metals remain strong
 The dollar continues to gain along with the stock market during earnings season
 Crude oil edges higher as natural gas returns to the lows
 Weakness in agricultural commodities
 The markets are now waiting for news from the Fed on July 31

Commodities Weekly Recap July 19, 2019

Commodities Weekly Recap July 19, 2019

 Silver and gold prices rise
 The dollar moves higher
 Crude oil and all energy prices post significant declines on the week
 Grains are lower along with most agricultural commodities
 Stocks falter at new highs and digital currencies fall as the US Congress demands a halt to Facebook’s Libra token

Commodities Weekly Recap July 12, 2019

Commodities Weekly Recap July 12, 2019

 All signs point to a Fed rate cut later this month
 Precious metals remain strong
 Copper and industrial commodities move mostly higher
 Energy prices move higher across the board- Agricultural commodities mostly higher after the July WASDE report
 New highs in stocks and the dollar falls

Commodities Weekly Recap July 5, 2019

Commodities Weekly Recap July 5, 2019

 The dollar rallies as a rate cut may not be a no-brainer
 Gold and precious metals prices decline sans palladium
 Bitcoin and digital currencies fall
 Crude oil edges lower after the OPEC meeting while natural gas recovers
 Stocks post gains, but more than a few potholes stand in the way of higher highs

Commodities Weekly Recap June 28, 2019

Commodities Weekly Recap June 28, 2019

 Bitcoin blasts off to the upside
 Markets wait for news on the US-Chinese Trade meeting
 Bullish reversals in gold, corn, and coffee in Q2
 Crude oil waits for the OPEC meeting next week
 Stocks move higher on window dressing as the second quarter ends

Commodities Weekly Recap June 21, 2019

Commodities Weekly Recap June 21, 2019

 Multiyear highs in gold as the Fed signals rate cuts are coming
 Copper and industrial commodity prices move higher, but wait for news on trade between the US and China
 Crude oil rallies on Iranian hostilities- Natural gas falls below $2.20 per MMBtu
 Agricultural commodity prices were stable to lower on the week
 Stocks move higher, the dollar falls, and digital currencies continue to move to the upside

Commodities Weekly Recap June 14, 2019

Commodities Weekly Recap June 14, 2019

 New high in gold, but a pullback late Friday while palladium soars
 Little movement in copper compared to last week, but lumber soars on the prospects for lower interest rates
 Economic and politics pull crude oil in opposite directions- Natural gas remains below $2.40 per MMBtu
 Grains explode higher in the wake of the June WASDE report on weather and late planting- Coffee moves lower during the July-September roll
 Stocks stable on the week, the dollar rallies, and digital currencies post gains

Commodities Weekly Recap May 24, 2019

Commodities Weekly Recap May 24, 2019

Precious metals move mostly higher, but platinum lags
Trade pushes copper and base metals lower
Crude oil falls on trade but Iran lurks in the background
Grains post gains, but soybeans lag
New highs in the dollar, but intervention may be pushing the greenback lower as the dollar index falls after Thursday’s new marginal peak- Uncertainty in the UK as the Prime Minister steps aside

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