http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012-02-06.htmlLooking at year-to-date returns across different asset classes one would almost think that we were looking at a 6 month review, not just one month. A very strong performance has been seen across many different asset classes and some have had the strongest start for decades. The negative sentiment that prevailed across financial markets towards the end of 2011 was all forgotten during January and investors, of which many had applied defensive strategies, were forced to chase the marketMon, 06 Feb 2012 07:39:18 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012-02-06.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012-01-23.htmlGlobal stock markets have seen one of the strongest beginnings to a new year for decades and the doom and gloom that persisted during parts of 2011 has at least temporarily been put aside. Cash rich money managers, many of whom opted for defensive and conservative strategies at the beginning of the year, are behind the curve and have been chasing the market higher as focus has shifted away from the problems in Europe to supportive economic news from China and the U.S. Commodities in generalMon, 23 Jan 2012 06:34:41 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012-01-23.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012-01-16.htmlInvestors spent the first full trading week of 2012 focusing primarily on the metal sector with both industrial and precious metals showing decent gains. The US Department of Agriculture wrong-footed the market once again by projecting higher than expected production and the recent rally in energy prices faded on news that the European embargo on Iranian crude will be delayed. The DJ-UBS index showed a small loss on the week as strong gains in the two metal sectors were off-set by losses inMon, 16 Jan 2012 07:14:31 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012-01-16.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012-01-09.htmlThe annual return of investors and traders after weeks of hibernation has caused the usual chasing after potential profitable trades. Fresh money has been put to work and the energy sector and precious metals have so far been the main recipients as improved economic data, especially from the US, and not least the threat of conflict in the Persian Gulf has lifted oil prices and triggered renewed safe haven buying of gold and silver. Also included in this week’s report are our views on theMon, 09 Jan 2012 07:56:36 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012-01-09.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012-01-03.htmlAs the rollercoaster ride of 2011 comes to an end I finish off my weekly series of commodity updates for the year by taking a look at what influenced the performance among sectors and some individual commodities and peering though a crystal ball for signs of what lies in store for us during the early part of 2012. After a strong performance during the first four months risk adversity returned, giving way to general weakness and the S&P GSCI commodity index headed for the first (small)Tue, 03 Jan 2012 09:50:47 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012-01-03.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-12-19.htmlThe major commodity indices followed stocks lower this week, posting their biggest drop in nearly three months, as investors increasingly moved into cash with the two major investment markets - oil and gold - both suffering heavy losses. The dollar meanwhile moved to an 11-month high against the Euro, as funding stress among European banks increased, thereby eroding support for commodities priced in dollars. OPEC unity restored but oil tanks Ahead of the OPEC meeting oil prices had remainedMon, 19 Dec 2011 06:51:29 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-12-19.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-12-05.htmlFinancial markets including commodities reacted positively to what looked like concerted efforts by central banks to boost liquidity and confidence. Five major central banks announced a coordinated reduction in the interest rate charged on US dollar swaps, which should help the flow of liquidity between international banks and The People’s Bank of China surprisingly cut the reserve requirement ratio for domestic banks, as its manufacturing activity contracted for the first time in almost threeMon, 05 Dec 2011 10:21:57 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-12-05.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-11-28.htmlThe financial stress in global markets continues unchecked and the longer it takes before a resolution to the European debt crisis is found the higher the risk of a global recession re-emerging. This has resulted in the near-term demand outlook for commodities being lowered and prices have suffered as a consequence. Many traders have begun to scale back early due to year-end considerations and investment funds have been deleveraging speculative positions, as a result of banks reducing creditMon, 28 Nov 2011 10:09:55 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-11-28.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-11-21.htmlRisk aversion has surfaced once again raising the question of whether it ever went away. Stocks and commodity markets are focusing on what is going on in the credit markets where bond yields within the Eurozone, bar a few, have risen and banks are finding it increasingly difficult to achieve funding. Most worryingly is that we have seen investors beginning to pull out of “safer” bonds from France, Austria, the Netherlands and Finland thereby raising the pressure on the European Central Bank toMon, 21 Nov 2011 09:56:25 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-11-21.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-11-14.htmlThis week the sovereign debt crisis moved up another gear with attention switching from Greece to Italy. Disillusioned investors worried about the lack of progress sold Italian government bonds which in the process reached unsustainably high yield levels above seven percent. Italy’s government bond debt is the third largest in the world and bigger than the other four troubled Eurozone members combined which in effect means that Italy is too big to fail but also too big to save and thereforeMon, 14 Nov 2011 07:32:18 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-11-14.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-11-07.htmlThe political shenanigans played out by the Greek Prime Minister this week renewed worries about the health of the European financial system. Mr. Papandreou initially called for a referendum which could have led to Greece rejecting the debt plan agreed to just a few days ago. This could have triggered an unruly default which would have had serious consequences for the Euro area and beyond. In the end the referendum was scrapped after other European leaders in no uncertain terms told GreeceMon, 07 Nov 2011 12:19:28 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-11-07.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-10-31.htmlThe news from Europe that its leaders (after two years of turmoil) finally delivered what looks like a useful set of tools to bring the crisis, if not to an end then at least under some sort of control triggered huge rallies across riskier assets. The S&P 500 erased all of its 2011 losses and is now on course for the best monthly performance since 1974. Commodities meanwhile also took another major step away from the lows seen last month with the Reuters Jeffries CRB index surging by 5.5Mon, 31 Oct 2011 10:54:13 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-10-31.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-10-24.htmlThe optimism that drove stocks and commodities higher last week has evaporated on increased concerns that European leaders at this weekend summit in Brussels will fail to deliver a workable solution to the Eurozone debt crisis. Several differences have emerged between Berlin and Paris and policymakers are working frantically to find common ground ahead of the weekend. Failure to deliver workable solutions could reignite worries about an already fragile banking system and bring back talk ofMon, 24 Oct 2011 11:29:28 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-10-24.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-10-17.htmlThe dramatic rally in riskier assets continued last week with stocks and commodities rallying hard while bonds sold off. Improved U.S. economic data has given traders enough confidence to believe that a recession is now more or less out of the question. The 23 October EU summit is expected to yield a substantial announcement and European politicians therefore have got less than a week to hammer out a sustainable strategy to finally get the European debt crisis under control. So far the marketMon, 17 Oct 2011 13:17:31 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-10-17.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-10-10.htmlOver the past week sentiment towards riskier assets improved ahead of the monthly U.S. jobs report. In Europe two central banks provided further stimulus while officials showed increased willingness to support the banking sector after one bank in particular came very close to the edge. Despite the somewhat improved sentiment commodity markets continue to be driven by risk aversion stemming from the financial crisis and the focus on a global economic slowdown. The market seems to be caughtMon, 10 Oct 2011 12:23:43 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-10-10.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-10-06.htmlGlobal markets suffered serious setbacks during September as investors’ nerves were tested on numerous occasions. Hopes are now pinned on the fourth quarter which historically tends to support prices but continued uncertainty about the Eurozone debt crisis and the economic slowdown that is impacting the global economy will not go away anytime soon. The commodity area has seen elevated one-sided bets being reduced which leaves individual commodities in a much better position to react to priceThu, 06 Oct 2011 06:53:08 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-10-06.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-09-26.htmlRiskier assets such as commodities and stocks were seriously shaken this week as the U.S. Federal Reserve failed to lift investor confidence. At its long awaited meeting it delivered the now famous “Operation Twist” whereby it will be supporting the long end of the yield curve thereby attempting to keep borrowing costs low. What spooked the market however was the comment that the U.S. economy was facing “significant downside risks”. As my colleague wrote after the announcement: “With the FedMon, 26 Sep 2011 11:34:57 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-09-26.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-09-19.htmlStock markets finished stronger after another volatile weak with especially banks suffering early on before policymakers’ attempts to address the Eurozone fiscal crisis succeeded in reducing some of the stress in the system. The dollar broke higher after having range traded against the Euro for months and the near-term outlook now points towards a stronger dollar which could dampen the demand for commodities as an investment class, especially while the global economic outlook continues to beMon, 19 Sep 2011 07:39:36 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-09-19.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-09-08.htmlCommodities across the board were generally lower in the week hurt by negative stock markets after disappointing U.S. jobs data recently plus concerns about the increased likelihood of a Greek default. The exceptions were gold, rough rice, cotton and natural gas which gained in the week mainly due to safe haven and weather related issues. Gold reached a new nominal high above $1,900 after its safe haven status was further boosted by the Swiss National Bank's decision to introduce a floor forThu, 08 Sep 2011 07:47:02 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-09-08.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-08-29.htmlHedge funds and large investors increased their bullish bets on agricultural commodities to the highest level since early May as adverse weather continues to erode yield prospects for corn and soybean crops. They raised their net long futures position by 13 percent to 804,000 lots with gains primarily seen in soybeans, wheat and sugar. Across all sectors they added 69k lots to a new three week high of 1,149k lots with gains in the above commodities only partly offset by reductions in energy,Mon, 29 Aug 2011 11:34:09 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-08-29.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-08-22.htmlFive days - that’s how long it took global financial markets to recover before another cocktail of bad economic news combined with disruptive political announcements removed what little courage had been mustered. This sent global stocks and some commodities into a tailspin while government bond yields reached record lows and gold continued its record breaking run to the upside. In the week ahead focus will be on what comes out of the annual meeting of global central bankers as last year’sMon, 22 Aug 2011 07:13:38 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-08-22.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-08-18.htmlGains in commodities were seen across the board in the last week but don't be fooled by this as underlying concerns about global economic growth persist and are likely to continue to have an impact on most components of the index. The washout in recent weeks across markets has created investment opportunities throughout all asset classes and commodities are no exception. The CRB Jeffries Index is 4.5 percent higher in the week led by coffee (8 percent), which is closely followed by cotton thenThu, 18 Aug 2011 12:33:50 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-08-18.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-08-12.htmlGold is the winner of recent market volatility as investors flea to the perceived safety of this precious metal. In contrast, crude and copper, which are the commodities that are most dependent on economic growth, are the losers of the last few weeks due to fear of a recession. Meanwhile, rice has also outperformed other commodities of late due to flooding in Thailand, the world's largest rice producer. Soybeans, corn and wheat have also done well due to hot July weather in the U.S. andFri, 12 Aug 2011 11:38:17 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-08-12.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-08-02.htmlHedge Funds and large investors added 3.8% to their long futures positions as of last Tuesday. Total long positions now stand at 1.3 million lots or 110 billion dollars in nominal terms. With the attention last week primarily resting on the U.S. government's attempt to find a solution to the debt ceiling impasse investors continued to seek security through precious metals. Long futures positions in silver, platinum and palladium all rose by more than 10 percent. Gold however saw the biggestTue, 02 Aug 2011 13:15:07 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-08-02.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-07-25.htmlHedge funds and institutional investors added to long positions by the most in almost a year last week. The leading commodity indicators rose for the fourth straight week as momentum continued to build. The net long futures position rose by 13% to 1.26 million lots or nearly USD 105 billion in nominal value. Gold and soybeans saw the biggest increases as sovereign debt worries in Europe and the U.S. supported the yellow metal while a severe heat wave in the U.S. kept grains, especially theMon, 25 Jul 2011 13:13:23 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-07-25.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-07-19.htmlFunds and large investors have begun to move back into commodities, especially gold and grains. According to the weekly data from the Commodity Futures Trading Commission, released last Friday with data from July 12, total speculative investments in U.S. based commodity futures (ex. options) rose by 13 percent to 1.111 million lots or 92 billion dollars in nominal terms. This was the biggest weekly rise since August 2010. Increases were seen across all five sectors with the biggest percentageTue, 19 Jul 2011 06:16:20 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-07-19.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-07-11.htmlFrom the Wild Wild West to tranquility territory within a week, with commodity volatility as calm as the start of Team Saxo Bank/SunGard at theTour de France. Clearly most short-term speculative accounts have reduced positions dramatically, as also seen in ETF net-long positions, whilst long-term investors have stayed put, and are possibly first watching Wimbledon and now the Tour de France, with no intention to escalate positions. Still, they may choose to stay alert like Annie and keep someMon, 11 Jul 2011 11:12:10 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-07-11.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-07-04.htmlHedge Funds, CTAs and speculative traders reduced bullish bets on commodity prices to the lowest level in almost a year on speculation that slowing global growth will curb demand for metals, energy and grains. Speculators cut their net-long positions in 18 U.S. commodities by 15 percent to 958,309 futures and options contracts in the week ended June 28. Hedge funds and other large speculators cut their net long U.S. crude futures and options positions in New York and London last week to theMon, 04 Jul 2011 12:19:24 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-07-04.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-06-27.htmlLast week Hedge Funds and Money managers cut their net-long positions in 18 U.S. commodities by 13 percent to 1.13 million futures and options contracts in the seven-days ended June 21, data from the Commodity Futures Trading Commission show. That’s the biggest decline since May 10 and managers reduced bullish bets for the third week in a row. Funds slashed bets on rising agricultural prices by the most in three months, led by declines in holdings of wheat and coffee, as supply concerns easedMon, 27 Jun 2011 10:15:39 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-06-27.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-06-22.htmlLast week Hedge Funds and large investors reduced bullish bets for the third week in a row. Long positions in futures (excl. options) were reduced by 1.3% to 1,384,000 lots. Worries that the current economic downturn is more than just a soft patch seems to have changed investors' attitudes towards commodities, at least for now. A similar downshift was seen last year before the autumn rally began late August. Losing sectors: Grains 4.7%, meats 22% and metals 1.9% Winning sectors: energy 4% andWed, 22 Jun 2011 12:39:40 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-06-22.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-06-15.htmlThe main story this week was the OPEC meeting and the failure of its members to reach an agreement on how to deal with high oil prices that now pose the risk of destabilising the economic recovery. Broad based gains on the week The Reuters Jefferies CRB index rose again in the process retracing 50% of the May sell-off. Gains as shown below were broad-based with different sectors represented at the top while the losers were primarily grains, apart from corn - more about that later. OPEC splitWed, 15 Jun 2011 13:01:04 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-06-15.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-05-30.htmlCommodity markets saw the first broad based bounce in weeks after the early May correction now seems to have run its course. Weak U.S. data helped remove some of the recent support for the dollar, with the Euro bouncing despite heightened tension over what will happen to Greece in the months ahead. European stock markets have fallen victim to this uncertainty with the benchmark Euro Stoxx 50 Index dropping 7.5% from recent highs during the week, before recovering. For now though, the marketMon, 30 May 2011 11:20:20 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-05-30.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-05-24.htmlInvestors continue to scale back positions in commodities amid worries about the strength of the global recovery, a strengthening dollar and a debt crisis in Europe that will not go away. The weekly data from the U.S. Commodity Futures Trading Commission, released last Friday, showed that Hedge Funds and other large investors had scaled back long futures positions across U.S. traded commodities for the sixth week in a row to levels last seen in July 2010. The major commodity markets wereTue, 24 May 2011 08:45:04 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-05-24.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-05-09.htmlThe month of May began with investors heading for the exit as panic selling was seen across the whole sector. The CRB index suffers its fifth steepest daily drop on record The Reuters Jefferies CRB Index is down 8% in the week with every single commodity that we track having fallen. The energy heavy S&P GSCI index has lost even more being down more than11% in the week. It has been a week of mass liquidation which undoubtedly has brought the speculative positions held by money managers downMon, 09 May 2011 11:50:58 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-05-09.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-04-29.htmlThis week’s announcement from the U.S. Federal Reserve that QE2 will cease in June but will be followed by an extended period of low interest rates was what the market had been hoping for. The dollar continues its slide towards the bottom while supporting the continued bull markets in equities and commodities. The Reuters Jefferies CRB index is flat in the week but showing a positive return of 10% year to date, which is rather impressive after just four months. During the same period, however,Fri, 29 Apr 2011 13:13:27 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-04-29.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-04-11.htmlMarket events continue to play into the hands of commodity markets with several reaching multi year highs this past week. The U.S. government risks having to shut down due to its failure to reach an agreement on a new budget, the European Central Bank raised its benchmark rate for the first time since spring 2008 and carry risk trades are back in vogue with the ultimate carry trade AUD/JPY having rallied 12% from the post earthquake lows. The dollar reached its lowest level since December 2009Mon, 11 Apr 2011 07:21:22 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-04-11.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-04-04.htmlCommodities saw their third consecutive quarterly gain as geopolitical risk stemming from unrest in North Africa and the Middle East drove energy prices higher. In this process all of the three major commodity indices outperformed the MSCI World stock index, which returned 4.3% for the quarter. Strongest was the S&P GSCI, with its heavy exposure to the energy sector, returning 11.6% while the DJ UBS, with its broader approach, returned 4.4%. In the middle we find the Reuters Jefferies CRBMon, 04 Apr 2011 07:50:06 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-04-04.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-03-28.htmlCommodity markets have bounced back strongly after the carnage caused by risk adversity in the wake of the Japanese earthquake. The big losers of last week have turned into big winners this week with attention now firmly on potential supply disruptions from continued geopolitical uncertainty. Military strikes in Libya have intensified and unrest elsewhere in the region continues to attract buyers of oil. The radiation risk in Japan combined with continued aftershocks is still causing majorMon, 28 Mar 2011 09:56:52 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-03-28.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-03-21.htmlTraders had one of the most difficult and volatile weeks for many months as risk adversity ruled. The economic impact of the earthquake in Japan and continued geopolitical concerns in MENA the focus. At the end of this incredible week the G7 started joint intervention for the first time since 2000 in order to weaken the Japanese yen, which had been rallying 8% to a new record high versus the dollar. The United Nations Security Council authorised the use of force to protect civilians in LibyaMon, 21 Mar 2011 06:42:47 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-03-21.htmlhttp://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-03-14.htmlCommodity prices have been undermined by the risk of an economic slowdown with softer than expected Chinese and US data, earthquake in Japan and renewed focus on the sovereign debt problems in Europe. The DJ UBS index suffered its heaviest defeat since November as lower stock markets reduced the appetite for riskier investments. The heaviest losses were seen in agriculture and base metals. Crude Crude oil ran into heavy profit taking on Friday as focus switched from supply concerns toMon, 14 Mar 2011 06:26:13 GMThttp://www.fxstreet.com/technical/market-view/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011-03-14.html