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Commodities Briefing - Categorized | Market Moves, Regulatory more

Big slump as demand worry replaces Fed euphoria

Posted on 18 September 2012

Commodity markets tumbled on Monday, as investors worried about the demand outlook for oil, metals and grains after weeks of rising prices built on optimism over economic stimulus in the United States and Europe.
With technical charts showing many commodity markets in or near overbought territory, weak regional U.S. manufacturing data gave commodity traders another reason to sell markets that had hit multi-month highs. Investors worried that high prices may hurt demand for commodities even as the Federal Reserve and European Central Bank take steps to reboot economic growth………………………………………..Full Article: Source


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