As goes oil, so goes Russia
An escalation of the crisis in Europe has brought oil down almost 12% from its highs this year and Russian equities have been dragged down with it.
Commodities
Industrial metals brief
During the London session industrial metals dropped to the lowest level in three weeks on continued disarray in Greece, along with increasing fears of euro zone debt hitting raw metals hard.
Why the risk funds may be better signals than trades
We’re not huge fans of “risk on” / “risk off” explanations of global market movements around here. Not only is it simplistic to reduce all the factors that play into the rise and fall of asset classes to a simple binary proposition, but it looks like even its limited viability is evaporating fast.
Now is the time to get out ahead of market volatility in cocoa
The U.S. National Oceanic and Atmospheric Administration or NOAA is predicting rain for the next 6 days for West Africa; fantastic news for cocoa farmers.
Morning coffee brief
Traders continue to focus on the political and financial woes in the euro zone. The U.S. markets have now hit lows not seen for two months with the Dow establishing a six day losing streak not seen since last August. The Dow is dangerously close to printing the largest weekly decline this year!
Analysis: crude outlook is mixed
Inventories in the largest crude oil consumer, the U.S., increased last week according to the Department of Energy.
What is the link between the US dollar and commodity prices?
What’s the connection between dollars and commodities? The key lies in the U.S. dollar’s status as the global reserve currency.
Look for fertilizer to stay crazy this week
Fertilizer stocks remain a cult on Wall Street as a way to get exposure to the theoretically unlimited upside potential of the agricultural business. After all, everyone needs to eat, and we trade what we know, right?