The dollar index moved lower by 2.02% in the first quarter of 2017, and commodities prices moved higher with four of the six major sectors posting gains. Many raw materials made multiyear lows in… more
Andy Hecht
The trading range in crude oil has been narrow since the middle of December 2016. From high to low since December 19, the price of active month NYMEX crude oil futures have traded in a range of… more
After Election Day in November, it looked like the rallies in gold and silver that took place over the course of 2016 were over and done. Nearby gold futures fell to lows of $1,123.90 and silver… more
The dollar index exploded higher by 7.23% in Q4 2016, but most raw material prices ignored the greenback. The principal raw materials traded on US and UK futures exchanges rose by 3.75% in Q4. The… more
An election is always a time of uncertainty; however, when an incumbent’s term ends and the election for a new and unknown leader occurs, it often leads to an increase in volatility. The 2016… more
These upcoming events will impact commodities:
Election Day on November 8 OPEC meeting on November 30 Fed Funds rate decision in mid-DecemberIt has been a busy year, beginning… more
The dollar index posted a small loss of 0.85% in the third quarter of 2016, but that did not help the composite of commodities during the three-month period. The principal raw materials that trade… more
Natural gas was one of the dogs of 2016. The commodity's price reached a low of $1.6110 per MMBtu in March, the lowest price since 1998. There were many reasons for the price swoon.… more
Last week we heard from the US Federal Reserve and for the seventh straight month, the central bank left interest rates unchanged. In December 2015, the Fed hiked the short-term Fed Funds rate for… more
The second quarter of 2016 is now in the books. It was a quarter of fear of uncertainty, volatility, and gains for commodities. Overall, a composite of the 29 primary commodities that trade on… more