Commodity market pricing reeks with a recessionary afterscent

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Commodities Noticias

Copper,Metals,Banks

Analyzing the cross-section of commodities returns points to an extreme repricing in demand sentiment over the course of the summer, which has clearly been more significant than the recent deterioration in macro data, TDS senior commodity strategist Daniel Ghali notes.

More upside momentum in the cards “Dramatic flows have likely exacerbated price action and correlations across markets, suggesting the quantitative read of demand sentiment may also be tinted by the one-way selling activity across all commodities, explaining the overshoot relative to macro growth data.

” “Still, we see risks that selling activity will not yet abate, with continued CTA selling expected inCopperandZincmarkets, potentially exacerbated by the acute risk of deleveraging flows. Market pricing inenergymarkets is also pointing to some dislocations, with energy supply risk premia disregarding the substantial and imminent geopolitical risk associated with Iran.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 14. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Japanese Yen's Comeback: Analyzing the Recent Market ShiftUSD/JPY bearish trend accelerates. Examine key support levels, BoJ meeting probabilities, and the yen's resurgence in the forex market.
Fuente: DailyFX - 🏆 305. / 63 Leer más »