Global Issues
Commodities
The United States Department of Agriculture (USDA) released its monthly WASDE report yesterday, which set the bearish tone for this morning's trade. The WASDE report highlighted upwards revisions to global supply figures and ending stocks for corn, wheat and soybean, which has weighed on prices. Furthermore, we are growing increasingly concerned that grain prices could remain...
2010-03-11Commodities
The current rally in base metal prices from their February lows looks to have further to run. Last week we highlighted that although technical patterns across the complex were promising,...
2010-03-10Commodities
March barley looks set to continue edging down towards the CAD130.00/tonne area over coming weeks. While, the front-month contract has been steadily weakening since spiking sharply...
2010-03-10Analysis On Fixed Income, Fx & Equity Markets
The United States Department of Agriculture (USDA) released its monthly WASDE report yesterday, which set the bearish tone for this morning's trade. The WASDE report highlighted upwards...
2010-03-11The current rally in base metal prices from their February lows looks to have further to run. Last week we highlighted that although technical patterns across the complex were promising,...
2010-03-10There has been a clear disconnect in price action between the London-traded LIFFE cocoa contract and that traded on the NYBOT-ICE exchange in the US. As the chart below illustrates,...
2010-03-10Core View: We continue to note upside risks to our core view of an average price of US$6,500/tonne in 2010, which we set out in December (see 'Commodities Forecast: Copper To Average...
2010-03-10With Latin America undergoing perhaps the severest economic downturn in recent memory in 2009, the 'ability to pay' qualifications have taken a severe beating, with the median 'ability...
2009-11-12Q2 was a much happier quarter for global markets - if not necessarily for global growth - and our Sovereign Risk Ratings (SRR) board for the Middle East and North Africa is looking...
2009-08-21BMI's proprietary sovereign risk rating index, which we are launching today, has been more than a year in development, during which time, as readers will be well aware, we have frequently...
2006-03-10United States
The US dollar may soon test the all-time low of US$1.6018/EUR versus the euro, propelled by a weak domestic economic outlook and diverging interest rate expectations with the eurozone....
2008-05-22United States
Since our January 4 article Dollar Feels The Heat, the greenback has succumbed to further weakness against the euro, as predicted. The European currency has gathered upward momentum...
2006-01-25Japan
The currency had already priced in a Koizumi victory, meaning that post-election gains were very limited. In addition, the US dollar has rebounded as fears about Hurricane Katrina...
2005-10-06United States
The euro has fallen from resistance at US$1.2600/EUR over the past month and broken through key support in the US$1.2200/EUR region, as the market focuses on growth and interest rate...
2005-10-04
