| It’s the best of times in commodities markets, it’s the worst of times in commodities markets. Iron ore jumped by the most on record on Monday, while Brent crude broke through $40 a barrel for the first time in three months. Then Chinese export data Tuesday showed dollar- denominated shipments falling 25 percent, the worst decline since May 2009.
What is going on? There are reasons to take both sets of data with a pinch of salt. Market prices are prone to speculation, momentum trading and short squeezes, all of which could explain some of the movement in iron ore and oil...............................................Full Article: Source
|