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- COMMODITY MARKET STRATEGY 07 AUGUST 2014
Posted by : Simran Shah
Wednesday, 6 August 2014
BASE METAL WRAP:
Copper prices fell to their lowest level in more than five weeks
Wednesday, pressured by a stronger dollar and concerns about growth in China,
the world's largest consumer of the metal.
ENERGY WRAP:
West Texas
Intermediate crude swung between gains and losses near a six-month low before
trade data that will signal the strength of the economy in China, the world’s
second-biggest oil consumer. Brent was steady.
PRECIOUS METAL WRAP:
Gold held gains after
the biggest advance in three weeks as tensions flared over Ukraine, increasing
demand for a haven. Palladium climbed.
GLOBAL EVENTS TO WATCH:
Employment Change
q/q, Unemployment Rate, Asset Purchase Facility, Official Bank Rate, MPC Rate
Statement, Minimum Bid Rate, Building Permits m/m, ECB Press Conference,
Unemployment Claims, Ivey PMI, Natural Gas Storage.
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