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Commodities Briefing - Categorized | Commentaries, Commodity Crisis, Price Watch more

Commodities may weaken on fading QE3 bets

Posted on 17 July 2012

Commodity prices are correcting lower in early European trade after Friday’s sharp rebound in risk appetite. Sentiment-linked crude oil and copper prices followed share prices higher while gold and silver found a de-facto boost as the safe-haven US Dollar retraced downward.
A quiet economic calendar in Europe turns traders’ attention to the US docket. Expectations call for narrow improvement in the Empire Manufacturing gauge - the first of July’s regional activity surveys to hit the tape - while Retail Sales snap a two-month losing streak to post a narrow gain in June………………………………………..Full Article: Source

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VRS - who has written 36995 posts on Opalesque Commodities Briefing.


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