Analysis On Fixed Income, Fx & Equity Markets

Several months ago, we argued that agricultural commodities, and in particular softs, such as cocoa, sugar and coffee, would perform better than the remainder of the commodity complex.... 2008-11-20

Commodity markets continue to look weak from both a technical and fundamental perspective. With many commodity markets testing key support levels and the fundamental picture deteriorating... 2008-11-18

In line with tumbling share prices in international equity markets, the Johannesburg All-Share Index (JALSH) has continued its decline over the past few days, falling by about 2.5%... 2008-11-18

We expect further downside for commodity markets over the medium term as the global economy officially enters recessionary territory. Slower growth, combined with a stronger US dollar... 2008-11-14

The technical picture for spot gold is uninspiring. Currently trading at US$743.90/oz, it has fallen by approximately 26% since peaking at US$1,003.85/oz in March. We see further... 2008-11-11

While we remain bearish commodities over the medium term, commodity markets may be in for some consolidation, and potential upside in the very short term. Although the global macroeconomic... 2008-11-10

We remain bearish commodities as the global economic outlook continues to deteriorate. Indeed, yesterday's larger-than-anticipated rate cuts

We continue to see further downside for the general commodity complex over the coming months as the slowing global economy dampens demand pressures. Meanwhile, a stronger US dollar... 2008-11-06

Commodity markets continue to head lower as the global economic outlook deteriorates further. Slowing global demand, a stronger US dollar and the broad based deleveraging of assets... 2008-11-05

We recently set bearish downside targets for various commodities, and this view seems to be playing out, as slowing demand, a stronger US dollar and the ongoing deleveraging of financial... 2008-10-23