Opalesque Commodities Briefing http://www.opalesque.com/Commodities_Briefing Fri, 29 Apr 2016 01:27:03 +0000 http://wordpress.org/?v=2.5.1 en Chinese Commodity Speculators Drop Out After $261 Billion Binge http://www.opalesque.com/Commodities_Briefing/?p=141354 http://www.opalesque.com/Commodities_Briefing/?p=141354#comments Fri, 29 Apr 2016 01:27:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141354 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141354>Article Link</a> The speculators that traded $261 billion in Chinese commodities in a single day last week are retreating as regulators prepare to step up control of the market. (more…)

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China securities regulator orders major commodities exchanges to control futures speculation http://www.opalesque.com/Commodities_Briefing/?p=141353 http://www.opalesque.com/Commodities_Briefing/?p=141353#comments Fri, 29 Apr 2016 01:26:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141353 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141353>Article Link</a> China’s securities regulator ordered the country’s major commodity futures exchanges this week to control speculative trading activity, sources told Reuters, after a surge in prices sparked fears of a boom-and-bust cycle. (more…)

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How to avoid the commodities curse http://www.opalesque.com/Commodities_Briefing/?p=141352 http://www.opalesque.com/Commodities_Briefing/?p=141352#comments Fri, 29 Apr 2016 01:26:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141352 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141352>Article Link</a> Papua New Guinea lays out the challenges in stark and basic terms following slump in prices. If you want evidence of the “commodities curse”, look no further than Port Moresby, the raggle-taggle capital of Papua New Guinea. (more…)

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Opec bid to throw US out of oil market seems to have backfired http://www.opalesque.com/Commodities_Briefing/?p=141351 http://www.opalesque.com/Commodities_Briefing/?p=141351#comments Fri, 29 Apr 2016 01:26:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141351 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141351>Article Link</a> Crude oil prices continued to trend higher for the second consecutive fortnight in a row, as Brent rose more than 7.5 per cent while WTI gained 10.10 per cent over the same period. (more…)

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Oil market to face lack of supply in 3 years: Total CEO http://www.opalesque.com/Commodities_Briefing/?p=141350 http://www.opalesque.com/Commodities_Briefing/?p=141350#comments Fri, 29 Apr 2016 01:26:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141350 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141350>Article Link</a> The global oil market will face a lack of supply in three years’ time due to expenditure cuts and postponements in mega projects, Patrick Pouyanne, chairman of the Board and CEO of French oil giant Total said. (more…)

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Oil’s Rise Chugs On http://www.opalesque.com/Commodities_Briefing/?p=141349 http://www.opalesque.com/Commodities_Briefing/?p=141349#comments Fri, 29 Apr 2016 01:25:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141349 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141349>Article Link</a> Crude prices increase as many traders become more confident that oversupply will wane. Oil’s rally chugged ahead on Thursday, with the U.S. benchmark closing above $46 a barrel for the first time since November, again thwarting analysts who have repeatedly called for a retreat. (more…)

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Rising oil prices throw lifeline to shale producers: Kemp http://www.opalesque.com/Commodities_Briefing/?p=141348 http://www.opalesque.com/Commodities_Briefing/?p=141348#comments Fri, 29 Apr 2016 01:25:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141348 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141348>Article Link</a> Brent prices for 2017 ended trading above $50 per barrel on Wednesday for the first time since mid-December following the largest and most sustained rally in prices since the oil slump started. (more…)

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Did OPEC Just Start Preparing for the End of the Oil Era? http://www.opalesque.com/Commodities_Briefing/?p=141347 http://www.opalesque.com/Commodities_Briefing/?p=141347#comments Fri, 29 Apr 2016 01:25:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141347 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141347>Article Link</a> Sunday, April 17, was the designated moment. The world’s leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices. (more…)

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Analysts Just Aren’t Buying the Oil Rally http://www.opalesque.com/Commodities_Briefing/?p=141346 http://www.opalesque.com/Commodities_Briefing/?p=141346#comments Fri, 29 Apr 2016 01:25:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141346 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141346>Article Link</a> Questions remain about current high oil stockpiles and the potential for increased supply. Even as oil rallies, analysts have barely nudged up their price forecasts as they worry that crude’s recent gains might not be sustainable. (more…)

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Gold to leave three-year rout behind as Fed rate expectations fade: poll http://www.opalesque.com/Commodities_Briefing/?p=141345 http://www.opalesque.com/Commodities_Briefing/?p=141345#comments Fri, 29 Apr 2016 01:24:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141345 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141345>Article Link</a> After three straight years of losses, analysts are finally prepared to say gold prices have found a bottom, with rising prices seen this year and next as concerns over the pace of U.S. monetary policy tightening fade. (more…)

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Who are gold traders? http://www.opalesque.com/Commodities_Briefing/?p=141344 http://www.opalesque.com/Commodities_Briefing/?p=141344#comments Fri, 29 Apr 2016 01:24:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141344 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141344>Article Link</a> The Commitments of Traders Report is one of the most important publications on the gold market. It is usually published every Friday at 15:30 Eastern time by the Commodity Futures Trading Commission (CFTC) to provide market participants “a breakdown of each Tuesday’s open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.” (more…)

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Believe it or Not – It’s Way Too Early to Take Profits in Gold and Silver http://www.opalesque.com/Commodities_Briefing/?p=141343 http://www.opalesque.com/Commodities_Briefing/?p=141343#comments Fri, 29 Apr 2016 01:24:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141343 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141343>Article Link</a> It was no fun investing in precious metals for most of 2011-2015, but the past few months have sure been a blast for buy-and-hold investors. Silver prices are up 22.5% year to date, and gold isn’t far behind. Now that there are some profits available to take, some gold and silver investors wonder if they should grab them. The answer for most people is not yet — not even close. (more…)

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Metal prices http://www.opalesque.com/Commodities_Briefing/?p=141342 http://www.opalesque.com/Commodities_Briefing/?p=141342#comments Fri, 29 Apr 2016 01:24:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141342 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141342>Article Link</a> The Economist’s metals index has fallen by 46% from its peak in 2011, largely because of slowing demand in China. Supply disruptions caused occasional spikes: nickel prices rose in the first half of 2014 after Indonesia banned metal-ore exports and zinc prices jumped in 2015 after mine closures. (more…)

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Iron Ore Bear Holds Fast Even After `the Market Got It So Wrong’ http://www.opalesque.com/Commodities_Briefing/?p=141341 http://www.opalesque.com/Commodities_Briefing/?p=141341#comments Fri, 29 Apr 2016 01:24:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141341 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141341>Article Link</a> Iron ore’s surprise rally may be a thing of the past in just three months. Rising supply will top demand once more and the sudden jump in speculative trading in China that’s helped support gains is set to fizzle out, according to Brazil’s Itau Unibanco Holding SA. (more…)

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How Shanghai trading is changing the physical nickel market http://www.opalesque.com/Commodities_Briefing/?p=141340 http://www.opalesque.com/Commodities_Briefing/?p=141340#comments Fri, 29 Apr 2016 01:23:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141340 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141340>Article Link</a> Everyone’s talking about Chinese speculators. This year has seen an unprecedented surge of trading volumes and open interest in Chinese markets as institutional and retail investors pour money into commodities. (more…)

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ETF Industry Assets Grow in Q1 2016 http://www.opalesque.com/Commodities_Briefing/?p=141339 http://www.opalesque.com/Commodities_Briefing/?p=141339#comments Fri, 29 Apr 2016 01:23:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141339 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141339>Article Link</a> ETF growth across the industry in Q1 was fueled by the retail space, climbing to $2.3 trillion overall. More specifically, during Q1 2016, ETF assets climbed by 2.4% QoQ to $2.3 trillion, which was fueled in part by retail channels, as calculated by its Fund Distribution Intelligence. (more…)

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Water ETFs to Invest in 2016 - Best ETFs for Full Exposure to Water http://www.opalesque.com/Commodities_Briefing/?p=141338 http://www.opalesque.com/Commodities_Briefing/?p=141338#comments Fri, 29 Apr 2016 01:23:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141338 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141338>Article Link</a> With the droughts on the West Coast, and led crisis expanding from Flint to the rest of the East Coast, investing in water companies sounds like a no brainer. To further back the opportunity, the genius from the movie “The Big Short” also has explained why water is the commodity to buy. (more…)

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Commodity hedge funds outshine other hedge funds http://www.opalesque.com/Commodities_Briefing/?p=141337 http://www.opalesque.com/Commodities_Briefing/?p=141337#comments Fri, 29 Apr 2016 01:23:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141337 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141337>Article Link</a> The commodities market has a very positive sentiment now and the commodity hedge funds are doing better than other hedge funds. Commodities hedge funds have given negative returns for the past three years. (more…)

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Maybe Currency Flash Crashes Don’t Matter http://www.opalesque.com/Commodities_Briefing/?p=141336 http://www.opalesque.com/Commodities_Briefing/?p=141336#comments Fri, 29 Apr 2016 01:23:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141336 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141336>Article Link</a> The world’s biggest financial market may be destined for a flash-crash future.This sounds scary because the foreign-exchange market is crucial, determining the real-time worth of every nation’s currency. But violent moves there may not matter as much as they do in other markets, such as those for equities. (more…)

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The currency correlations that matter http://www.opalesque.com/Commodities_Briefing/?p=141335 http://www.opalesque.com/Commodities_Briefing/?p=141335#comments Fri, 29 Apr 2016 01:22:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141335 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141335>Article Link</a> Yen’s surge contributes to tremors across asset classes from commodities to S&P futures. This week provided further evidence of how sharp currency moves can have an impact on the broader market. (more…)

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The Real Currency War http://www.opalesque.com/Commodities_Briefing/?p=141334 http://www.opalesque.com/Commodities_Briefing/?p=141334#comments Fri, 29 Apr 2016 01:22:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141334 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141334>Article Link</a> Disagreement came to the global financial system when the control over reserve currency became a matter of privilege rather than responsibility. That struggle has since become a morass of monetary expansion and conflict as states have pursued their own, often incompatible currency goals. (more…)

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EU High Court Rules Against Businesses on Carbon Credits http://www.opalesque.com/Commodities_Briefing/?p=141333 http://www.opalesque.com/Commodities_Briefing/?p=141333#comments Fri, 29 Apr 2016 01:22:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141333 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141333>Article Link</a> European Court of Justice rules EU gave out too may allowances when it expanded the emissions program in 2013. The European Union’s highest court on Thursday ordered the European Commission to adjust its emissions-trading program in a way that could raise costs for some of the bloc’s biggest companies. (more…)

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Cap-and-trade best way for Canada to reduce emissions http://www.opalesque.com/Commodities_Briefing/?p=141332 http://www.opalesque.com/Commodities_Briefing/?p=141332#comments Fri, 29 Apr 2016 01:22:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141332 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141332>Article Link</a> Rather than a patchwork of provincial policies, a Canada-wide system would send a stronger signal that a low-carbon future is upon us. Over the last decade, in the absence of federal leadership, Canadian provinces have gone their own way on carbon pricing. (more…)

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For commodities markets, the bad times are just beginning http://www.opalesque.com/Commodities_Briefing/?p=141331 http://www.opalesque.com/Commodities_Briefing/?p=141331#comments Thu, 28 Apr 2016 01:04:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141331 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141331>Article Link</a> For the commodities market, the good times have come and gone, but the bad times are only just beginning. Each commodities supercycle, defined as a decadelong bull market, has always been followed by a downturn that lasted just as long, or longer. (more…)

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Iron ore, steel lead China commodities retreat as curbs bite http://www.opalesque.com/Commodities_Briefing/?p=141330 http://www.opalesque.com/Commodities_Briefing/?p=141330#comments Thu, 28 Apr 2016 01:04:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141330 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141330>Article Link</a> A major Chinese commodities exchange took further steps to calm volatile markets on Wednesday, hiking transaction fees and widening trade limits in a move that could make exiting futures contracts more orderly. (more…)

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Speculators march into China commodities http://www.opalesque.com/Commodities_Briefing/?p=141329 http://www.opalesque.com/Commodities_Briefing/?p=141329#comments Thu, 28 Apr 2016 01:04:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141329 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141329>Article Link</a> At the start of the year western commodity traders knew China, the world’s biggest consumer of raw materials, would play a decisive role in the direction of markets. What they did not know was that it would be Chinese investors as much the country’s economic prospects driving prices. (more…)

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Saudi Arabia will struggle to kick its addiction to oil: Kemp http://www.opalesque.com/Commodities_Briefing/?p=141328 http://www.opalesque.com/Commodities_Briefing/?p=141328#comments Thu, 28 Apr 2016 01:03:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141328 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141328>Article Link</a> “King Abdulaziz and the men who worked with him for the establishment of the state did not depend on oil and they established the kingdom without oil, and they ran this state without oil, and they lived in this state without oil,” Saudi Deputy Crown Prince Mohammed bin Salman said in an televised interview on Monday. (more…)

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World Bank optimistic on oil averaging at $41 this year http://www.opalesque.com/Commodities_Briefing/?p=141327 http://www.opalesque.com/Commodities_Briefing/?p=141327#comments Thu, 28 Apr 2016 01:03:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141327 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141327>Article Link</a> World Bank boosted its forecast for oil prices this year, projecting that refinery demand will pick up and United States production cuts will steepen in the second half of 2016. (more…)

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Oil tops $45 a barrel for first time since November http://www.opalesque.com/Commodities_Briefing/?p=141326 http://www.opalesque.com/Commodities_Briefing/?p=141326#comments Thu, 28 Apr 2016 01:03:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141326 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141326>Article Link</a> Oil climbed above $45 a barrel in New York today for the first time since November after U.S. industry data showed a decline in crude stockpiles. West Texas Intermediate futures rose as much as 2.6 percent, extending a 3.3 percent gain Tuesday. (more…)

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Low demand in Asia may pull down gold price http://www.opalesque.com/Commodities_Briefing/?p=141325 http://www.opalesque.com/Commodities_Briefing/?p=141325#comments Thu, 28 Apr 2016 01:03:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141325 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141325>Article Link</a> Gold prices that hit a 13-month high in March are likely to fall back in the short term because of a slump in demand from key Asian consumers, GFMS analysts said in a report on Tuesday. (more…)

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Why China Wants Yuan-Denominated Gold http://www.opalesque.com/Commodities_Briefing/?p=141324 http://www.opalesque.com/Commodities_Briefing/?p=141324#comments Thu, 28 Apr 2016 01:03:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141324 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141324>Article Link</a> It’s crucial to understand the potential benefits for China of having yuan-denominated gold. Besides internationalization, the fix may also increase the liquidity and efficiency of the gold markets. Yuan-denominated gold may also reduce the dependency of gold on the US dollar, though this may not hold true in the short run. In the longer run, gold may untangle from the US dollar. (more…)

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Silver price jumps to near one-year high http://www.opalesque.com/Commodities_Briefing/?p=141323 http://www.opalesque.com/Commodities_Briefing/?p=141323#comments Thu, 28 Apr 2016 01:02:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141323 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141323>Article Link</a> On Wednesday, silver jumped to the highest since mid-May last year, as the metal continues to be rerated against the gold price and industrial metals demand gets a boost. (more…)

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Silver bullion momentum building as supply trouble brewing http://www.opalesque.com/Commodities_Briefing/?p=141322 http://www.opalesque.com/Commodities_Briefing/?p=141322#comments Thu, 28 Apr 2016 01:02:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141322 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141322>Article Link</a> Silver bullion prices are likely to rise further as there is “supply trouble brewing” as strong industrial and investment demand are confronted by declining supply. (more…)

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Copper hits lowest in a week on China speculator crackdown http://www.opalesque.com/Commodities_Briefing/?p=141321 http://www.opalesque.com/Commodities_Briefing/?p=141321#comments Thu, 28 Apr 2016 01:02:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141321 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141321>Article Link</a> Copper dipped to the lowest in a week on its third straight day of losses as a crackdown on speculators in China dampened sentiment, though metals markets were supported by a weaker dollar and strong oil prices. (more…)

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Nasdaq mulls new exchange to ease trading in illiquid ETFs - CEO http://www.opalesque.com/Commodities_Briefing/?p=141320 http://www.opalesque.com/Commodities_Briefing/?p=141320#comments Thu, 28 Apr 2016 01:02:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141320 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141320>Article Link</a> The acquisition of U.S. options exchange operator ISE from Deutsche Boerse AG was approved by the U.S. Department of Justice last week, Robert Greifeld, Nasdaq’s chief executive officer, said on a call with analysts. (more…)

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Aluminium looks vulnerable to pullback, iron ore less so: Russell http://www.opalesque.com/Commodities_Briefing/?p=141319 http://www.opalesque.com/Commodities_Briefing/?p=141319#comments Thu, 28 Apr 2016 01:01:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141319 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141319>Article Link</a> If there is a common theme emerging from the recent strong gains in commodity prices, it’s that the extent of the rally isn’t justified by fundamentals and is therefore largely speculative. (more…)

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Oil ETFs Are Battling Bearish Energy Earnings http://www.opalesque.com/Commodities_Briefing/?p=141318 http://www.opalesque.com/Commodities_Briefing/?p=141318#comments Thu, 28 Apr 2016 01:01:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141318 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141318>Article Link</a> Oil sector exchange traded funds are facing some hurdles as major energy producers ready their first quarter results. With overwhelmingly weak expectations after crude prices plunged to near 13-year lows in February, the sector ETFs could surprise if oil producers reveal conditions weren’t as bad as previously expected. (more…)

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Speculative Bubble in China Commodity Futures Rattles Industry Players http://www.opalesque.com/Commodities_Briefing/?p=141317 http://www.opalesque.com/Commodities_Briefing/?p=141317#comments Thu, 28 Apr 2016 01:01:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141317 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141317>Article Link</a> A surge of volatility in China’s once placid commodities futures markets has rattled industrial players who use them for hedging, with some taking losses or cutting exposure, driven out by a flood of speculative money from hedge funds and retail investors. (more…)

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Sweden Declares Truce in Currency War http://www.opalesque.com/Commodities_Briefing/?p=141316 http://www.opalesque.com/Commodities_Briefing/?p=141316#comments Thu, 28 Apr 2016 01:01:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141316 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141316>Article Link</a> Sweden’s central bank is calling a truce in the currency war. As policy makers in Stockholm last week announced they would reduce the pace of their quantitative easing program in the second half of this year, they also signaled they are now willing to accept a stronger krona. (more…)

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Investors Put Their Chips on the Yen http://www.opalesque.com/Commodities_Briefing/?p=141315 http://www.opalesque.com/Commodities_Briefing/?p=141315#comments Thu, 28 Apr 2016 01:01:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141315 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141315>Article Link</a> As Japan’s central bank again ponders steps to rouse the country’s sluggish economy, an array of market forces is betting against it. Asset managers are trimming bets the yen will weaken against the U.S. dollar and increasingly betting it will strengthen instead. (more…)

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EUA rally crosses €7 mark, prices up 23% in past week http://www.opalesque.com/Commodities_Briefing/?p=141314 http://www.opalesque.com/Commodities_Briefing/?p=141314#comments Thu, 28 Apr 2016 01:00:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141314 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141314>Article Link</a> European carbon prices continued to climb on Tuesday after the previous day’s stellar rise, notching a 3.3% gain on the back of a bullish energy complex and after EUAs hit their highest since mid-January. (more…)

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Carbon copy: Are we in for another scare campaign over climate change? http://www.opalesque.com/Commodities_Briefing/?p=141313 http://www.opalesque.com/Commodities_Briefing/?p=141313#comments Thu, 28 Apr 2016 01:00:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141313 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141313>Article Link</a> While groups such as The Climate Institute and the Greens will question whether targets for emissions cuts – close to double the Coalition’s by 2030 – go far enough, Shorten is sending a clear signal he’s willing to make climate a centrepiece of the 2016 election campaign. (more…)

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UK’s ECCC backs fifth carbon budget proposal to cut emissions by 57% from 1990 http://www.opalesque.com/Commodities_Briefing/?p=141312 http://www.opalesque.com/Commodities_Briefing/?p=141312#comments Thu, 28 Apr 2016 01:00:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141312 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141312>Article Link</a> A House of Commons select committee backed the UK’s proposal to set the fifth carbon budget at 1,765 million metric tons of carbon dioxide equivalent (MtCO2e), which would cut emissions to an average 57% below 1990 baseline levels. (more…)

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China acts to cool frenzied speculation in commodities http://www.opalesque.com/Commodities_Briefing/?p=141311 http://www.opalesque.com/Commodities_Briefing/?p=141311#comments Wed, 27 Apr 2016 00:50:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141311 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141311>Article Link</a> China has moved to clamp down on excessive speculation in commodities after weeks of frenzied trading boosted prices and ignited fears of another bubble in its domestic markets. (more…)

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Commodity hedge funds are hot again http://www.opalesque.com/Commodities_Briefing/?p=141310 http://www.opalesque.com/Commodities_Briefing/?p=141310#comments Wed, 27 Apr 2016 00:49:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141310 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141310>Article Link</a> Commodity hedge funds netted more investor cash in the first quarter than any other type of hedge fund, and their $4 billion of inflows was their largest for any quarter in more than six years. The group has brought in more money that it has had to redeem for seven straight months, the longest winning streak ever tracked by eVestment. (more…)

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World Bank sees US$41 oil this year, but cuts outlook for other commodities http://www.opalesque.com/Commodities_Briefing/?p=141309 http://www.opalesque.com/Commodities_Briefing/?p=141309#comments Wed, 27 Apr 2016 00:49:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141309 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141309>Article Link</a> The World Bank is raising its 2016 forecast for crude oil prices to US$41 per barrel, up from the US$37 per barrel forecast at the start of this year, in view of “improving market sentiment and a weakening dollar”. (more…)

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Saudi reforms could be low oil price’s cure http://www.opalesque.com/Commodities_Briefing/?p=141308 http://www.opalesque.com/Commodities_Briefing/?p=141308#comments Wed, 27 Apr 2016 00:49:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141308 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141308>Article Link</a> A major obstacle holding back economic reform in Saudi Arabia has been removed. And with it goes one of the main barriers to a rising oil price. Saudi’s cabinet approved an economic reform plan on April 25 aimed at ending the country’s addiction to crude. (more…)

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Oil hits 2016 high after U.S. crude draw report, gasoline rally http://www.opalesque.com/Commodities_Briefing/?p=141307 http://www.opalesque.com/Commodities_Briefing/?p=141307#comments Wed, 27 Apr 2016 00:49:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141307 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141307>Article Link</a> Crude oil prices hit 2016 highs on Tuesday on the back of a rally in the gasoline market and after an industry group reported a surprise draw in U.S. crude stockpiles. Brent and U.S. crude’s West Texas Intermediate (WTI) futures finished regular trading about 3 percent higher, riding on the coattails of a gasoline rally that hit August highs after a series of refinery hikes. (more…)

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Venezuela formally proposes non-OPEC producers attend Vienna meeting http://www.opalesque.com/Commodities_Briefing/?p=141306 http://www.opalesque.com/Commodities_Briefing/?p=141306#comments Wed, 27 Apr 2016 00:48:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141306 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141306>Article Link</a> Venezuela has proposed that non-OPEC oil producers attend the group’s June meeting in Vienna to continue “dialogue and coordination,” according to a letter sent by the South American country’s oil minister to the Qatari energy minister, who is also the current OPEC president. (more…)

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Gold price could hit $1,300/oz on weaker dollar, global risks – HSBC http://www.opalesque.com/Commodities_Briefing/?p=141305 http://www.opalesque.com/Commodities_Briefing/?p=141305#comments Wed, 27 Apr 2016 00:48:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141305 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141305>Article Link</a> The gold price has the potential to hit $1,300 this year thanks to gold-bullish factors including a weaker dollar, global risks and a modest recovery in oil prices, HSBC said. A move above $1,300 would take the yellow metal to the strongest since January 2015. Spot gold was last at $1,233.30/1,233.60 per ounce, down $3.70 on Tuesday’s close. (more…)

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China’s Gold Imports Jump on Investment Demand as Price Falters http://www.opalesque.com/Commodities_Briefing/?p=141304 http://www.opalesque.com/Commodities_Briefing/?p=141304#comments Wed, 27 Apr 2016 00:48:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141304 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141304>Article Link</a> China, the world’s biggest gold consumer, increased bullion imports from Hong Kong in March as a global price rally stalled and local investment demand showed signs of recovery. Net purchases climbed to 64.1 metric tons from 42.9 tons in February and 61.8 tons a year earlier, according to data from the Hong Kong Census and Statistics Department compiled by Bloomberg. (more…)

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Gold Sees Modest Gains as Bulls Continue to Show Resilience http://www.opalesque.com/Commodities_Briefing/?p=141303 http://www.opalesque.com/Commodities_Briefing/?p=141303#comments Wed, 27 Apr 2016 00:48:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141303 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141303>Article Link</a> Gold prices ended the U.S. day session firmer Tuesday. The key “outside markets” were in a bullish posture for the precious metals markets, as the U.S. dollar index was lower and crude oil prices were solidly higher. Gold prices continue to show resilience despite a lack of major, fresh bullish fundamental news in the marketplace. (more…)

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These 5 Trends in China Will Change the Gold Market Forever http://www.opalesque.com/Commodities_Briefing/?p=141302 http://www.opalesque.com/Commodities_Briefing/?p=141302#comments Wed, 27 Apr 2016 00:48:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141302 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141302>Article Link</a> Apple spent about five years developing the iPhone, which has changed the smartphone market forever. Until the release, however, nobody could imagine what impact the iPhone would have on the market. And most consumers didn’t know about it at all. (more…)

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All that glitters isn’t gold. It’s silver http://www.opalesque.com/Commodities_Briefing/?p=141301 http://www.opalesque.com/Commodities_Briefing/?p=141301#comments Wed, 27 Apr 2016 00:47:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141301 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141301>Article Link</a> Silver has given a 14.3% returns in April alone, over the first quarter of 2016, riding on Chinese demand which is likely to spark interest among investors who had missed the recent rally in the metal. (more…)

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Silver Supply Trouble Shows Why Rally Momentum Is Building http://www.opalesque.com/Commodities_Briefing/?p=141300 http://www.opalesque.com/Commodities_Briefing/?p=141300#comments Wed, 27 Apr 2016 00:47:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141300 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141300>Article Link</a> More good news for silver bulls: there’s supply trouble brewing. Output from mines will fall for the first time since 2011, while demand for the metal in uses including industrial products and jewelry is heading for a fourth straight gain, supporting prices, according to CPM Group. (more…)

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Steel Speculation Obscures Signals About Chinese Economy http://www.opalesque.com/Commodities_Briefing/?p=141299 http://www.opalesque.com/Commodities_Briefing/?p=141299#comments Wed, 27 Apr 2016 00:47:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141299 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141299>Article Link</a> Investors searching for clues about China’s economy have looked to commodities like iron ore and rebar as a sign of industrial health. Now, speculation in the market is obscuring those signals, some say. (more…)

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Chinese commodity curbs hit iron and steel futures http://www.opalesque.com/Commodities_Briefing/?p=141298 http://www.opalesque.com/Commodities_Briefing/?p=141298#comments Wed, 27 Apr 2016 00:47:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141298 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141298>Article Link</a> China’s heavily traded iron ore and steel futures slid Tuesday after curbs aimed to cut speculation came into effect. The most active iron ore contract on the Dalian Commodity Exchange closed down 6 per cent at 450.5 yuan a tonne, while steel rebar futures dropped 3.8 per cent to close at 2,554 yuan a tonne. (more…)

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Will Energy ETFs Surprise This Earnings Season? http://www.opalesque.com/Commodities_Briefing/?p=141297 http://www.opalesque.com/Commodities_Briefing/?p=141297#comments Wed, 27 Apr 2016 00:46:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141297 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141297>Article Link</a> Energy continues to be the biggest drag on the overall earnings picture since the past several quarters and this quarter is not going to be an exception. This is especially true as earnings for 11.9% of the S&P 500 energy companies that have reported so far are down 60.9% on revenue decline of 30.3%, as per the Zacks Earnings Trend. (more…)

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ETF Investors Are Underweight in Rebounding Emerging Markets http://www.opalesque.com/Commodities_Briefing/?p=141296 http://www.opalesque.com/Commodities_Briefing/?p=141296#comments Wed, 27 Apr 2016 00:46:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141296 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141296>Article Link</a> Exchange traded fund investors have largely shunned developing economies as the area underperformed developed markets over the past few years. As more look to diversify away from an aging bull rally in the U.S., investors should consider re-allocating toward the developing world. (more…)

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Indian regulator mulls single licence for equity, commodity brokers http://www.opalesque.com/Commodities_Briefing/?p=141295 http://www.opalesque.com/Commodities_Briefing/?p=141295#comments Wed, 27 Apr 2016 00:46:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141295 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141295>Article Link</a> Markets regulator Sebi plans to introduce single license mechanism for equity and commodity brokers. The issue was discussed last week when Sebi chairman U K Sinha met domestic brokers. The proposed move is expected to reduce financial burden on brokers and would also help investors access equity and commodity markets through a single demat account, market participants said. (more…)

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