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Commodity Weekly: Trade deal fails to ignite

From home.saxo

While global stocks, led by the U.S. technology sector, continued their ascent, the first two weeks of trading have been more challenging for several commodities. While metals, both industrial and precious, have recorded early January gains both energy and agriculture have struggled. Following a strong December, the Bloomberg Commodity Index which tracks the performance of 22 major commodities has now recorded two straight weeks of losses and is currently down by 1.6% so far this January. During the past two weeks, the market has reacted to major events such as the temporary flare up in Middle East tensions and the ... (full story)

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  • Category: Technical Analysis