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/2012/12/10/The first week of December saw commodity markets lose some of the positive momentum witnessed in late November, not least due to ongoing concerns about the US fiscal cliff as the January 1 deadline approaches. If left unresolved, the pressing budget issue it will lead to dramatic spending cuts and tax rises which could send the US and potentially the global economy back into recession. Europe, which has already entered into recession, is struggling to see much light at the end of the tunnelMon, 10 Dec 2012 09:16:19 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/12/10/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/12/04/November returned small gains after a month during which several key events occurred such as the US Presidential election, renewed worries about Greece and most importantly the US fiscal cliff. November returned small gains after a month during which several key events occurred such as the US Presidential election, renewed worries about Greece and most importantly the US fiscal cliff. The latter was the main driver this past week and at times caused some knee-jerk reactions in both commoditiesTue, 04 Dec 2012 06:22:32 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/12/04/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/11/26/Strong gains were seen across global stock markets this week which further helped to improve investors’ attitude towards riskier assets such as commodities. Strong gains were seen across global stock markets this week which further helped to improve investors’ attitude towards riskier assets such as commodities. The dollar fell against an index of currencies despite making good gains against the Japanese yen, while bond yields in Southern Europe fell as investors continue to chase yields in aMon, 26 Nov 2012 07:36:48 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/11/26/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/11/13/Commodity markets have initially stabilised following the US presidential election last Tuesday with the markets now expecting more of the same with President Obama back in the White House.... However within hours of the election result being known and with the President still facing a Republican led majority in the US Congress market attention turned to the potential threat to the US economy of the so-called fiscal cliff. If lawmakers and President Obama fail to reach an agreement on thisTue, 13 Nov 2012 12:28:06 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/11/13/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/11/08/Financial and commodity markets will be presented with a multitude of event risks over the coming weeks which could help set the tone for the remainder of 2012. With many traders and funds preparing to shut down early after what has been a very difficult year, in terms of generating performance, these event risks will be watched very closely. The week just gone presented us with two such events, first of all hurricane Sandy which slammed into the US eastern seaboard and left a trail ofThu, 08 Nov 2012 09:59:42 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/11/08/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/10/22/Oil markets have been generally trading quietly over the last couple of weeks....Precious metals suffering from buying fatigue Oil markets have been generally trading quietly over the last couple of weeks with Brent crude lacking the drive which could take it away from its current range with most of the action remaining close to the 200-day moving average at 112.20 which coincides with the average price of 2012 so far. Its premium over WTI crude has however contracted as WTI rallied above USDMon, 22 Oct 2012 11:28:35 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/10/22/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/10/16/The DJ-UBS commodity index has been trading slightly weaker over the last week and is currently showing a year-to-date performance of just 5 percent. Gains in the energy sector, primarily gas oil, Brent crude and natural gas were off-set by losses in the two other sectors, especially agriculture while metals also saw some losses as the dollar regained some ground and the S&P 500 index dropped to pre-QE3 announcement levels. Within the agriculture sector sugar and Arabica coffee prices wereTue, 16 Oct 2012 08:23:50 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/10/16/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/10/08/The first week of the last quarter brought a host of important economic data culminating in the US unemployment report which turned out to be better than expected, with the unemployment rate dropping below eight percent for the first time since January 2009. This helped the general level of risk sentiment in the market and resulted in a weaker dollar and rising stock markets, while commodities were mixed. The DJ-UBS commodity index was flat on the week with gains in energy and metals beingMon, 08 Oct 2012 12:38:10 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/10/08/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/10/01/September was generally a strong month for riskier assets such as commodities following the announcement of additional quantitative easing measures from the US Federal Reserve Bank.... September was generally a strong month for riskier assets such as commodities following the announcement of additional quantitative easing measures from the US Federal Reserve Bank and the Bank of Japan plus the European Central Bank’s clear statement to do whatever it takes to save the Euro. SpeculativeMon, 01 Oct 2012 10:42:08 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/10/01/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/08/20/The markets are generally quiet this time of year, even more so this August, as investors await key events over the coming weeks which can set the agenda and direction for the remainder of the year. The annual economic policy symposium at Jackson Hole at the end of August is one such event. This two-day meeting has been used in the past by the US Fed chairman to announce important decisions, such as QE2 back in August 2010. In September we have an ECB meeting, the German Constitutional CourtMon, 20 Aug 2012 08:29:57 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/08/20/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/08/13/Prices were generally higher across the different commodity sectors this week, with weather and geopolitics still having the upper hand. There was a limited focus on weak economic growth across the world, which otherwise would argue against rising prices. However, following the month long rally, attention will increasingly return to slowing demand. The sustainability of the recent rally, especially in energy, can be put into question. The DJ-UBS Commodity index rose by 0.4 percent. It has nowMon, 13 Aug 2012 07:27:59 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/08/13/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/08/06/The dollar rallied and financial markets retraced following the European Central Bank meeting in which Mr. Draghi failed to live up to his strong “whatever it takes” statement the previous week. Much of the rally which this comment had triggered was given back, and while the markets may have been left underwhelmed, he did open the door to a new round of policy action. The north south divide which is quite evident within the central bank may slow the progress and some initiatives may requireMon, 06 Aug 2012 08:22:52 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/08/06/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/07/30/The president of the European Central Bank, Mario Draghi, reacted to the continuing deteriorating outlook for Europe and rise in borrowing costs for some Eurozone countries by saying that the ECB was “ready to do whatever it takes”. This resembled the now famous Jackson Hole speech by the US Fed’s chairman in 2010, when he signalled the introduction of QE1 later that year. The market took the comment by Mr Draghi as a sign that the ECB will intervene to buy sovereign bonds issued by Spain andMon, 30 Jul 2012 07:34:13 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/07/30/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/07/09/The relief rally following the recent EU summit only lasted the usual 48 hours before the realisation that once again we had been presented with a plan but that the reality of enforcing it would face numerous obstacles. A surprise rate cut in China also failed to convince investors that it would be enough to boost the economy of the world’s largest consumer of commodities. As a result the Euro sold off once again, not least helped by the European Central Bank which lowered its official rate toMon, 09 Jul 2012 08:26:30 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/07/09/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/07/02/Financial and commodity markets stabilised at the end of a week which was mostly spent waiting for the EU summit. Expectations for the summit’s outcome were so low that when EU leaders announced some new measures the market breathed a sigh of relief and rallied accordingly while the dollar sank thereby adding extra support to commodities. Whether this will turn into another 48 hour relief rally, just like those that have gone before, remains to be seen, with doubts still lingering - especiallyMon, 02 Jul 2012 11:04:51 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/07/02/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/06/25/Commodity markets suffered another bout of selling this week with heavy losses in oil leading the way. Global manufacturing continues to falter with data from China and the US both pointing towards slowing activity. The agriculture sector, which is currently more concerned about weather developments, held up with the DJ-UBS agriculture index rising by five percent, thereby ensuring a relatively flat performance overall on the DJ-UBS commodity index. This was in sharp contrast to the S&PMon, 25 Jun 2012 06:25:44 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/06/25/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/06/18/Ahead of the Greek election this weekend financial and commodity markets witnessed limited trading activity with many focusing on adjusting or possibly reducing exposure ahead of the crucial vote which could determine the future of Europe and the common currency. For the second week in a row the Euro clawed back some of the recent losses, primarily due to short covering and in anticipation of new political initiatives. A boost was also received from sources claiming that global Central BanksMon, 18 Jun 2012 10:58:55 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/06/18/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/06/11/Commodity markets spent the week trying to recover from their dismal performances during May. What helped them along initially was renewed speculation about additional stimulus being provided by the US Federal Reserve following the weak employment report on June 1. Gold jumped the most in years only to tumble the most in two months after the Fed chairman in a testimony in Washington refrained from outlining any additional measures. China lowered its key interest rate for the first time in fourMon, 11 Jun 2012 07:54:11 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/06/11/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/06/04/The financial and sovereign debt crisis continues to set the agenda for almost every investment decision being taken at the moment. During May the crisis in Europe escalated (again) and turned a dangerous corner with the focus switching to Spain, where a bank funding crisis is putting the government under severe pressure. Meanwhile in Greece, the new election is still weeks away with the outcome potentially putting Greece’s future within the Eurozone at risk. China, the main global growthMon, 04 Jun 2012 07:03:29 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/06/04/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/05/22/The investment climate deteriorated again last week, with multiple uncertainties triggering renewed risk-off sentiment in financial as well as commodity markets. The drivers, to mention a few, are the current Chinese slowdown, recession in Europe and speculation about whether Greece will end up leaving the Eurozone. With commodity markets selling off for the past three months, some individual commodities have now reached levels where renewed interest could re-kindle, provided the flow ofTue, 22 May 2012 12:33:39 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/05/22/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/05/14/Commodity markets suffered further losses this week with all the major sectors being pressured by weaker fundamentals, a stronger dollar and investors needing to reduce exposure. India’s industrial production shrank and Chinas weakened sharply in April as investments slowed to the lowest level in nearly a decade, once again raising the question whether this will signal an end to the rapid demand growth for commodities witnessed during the past decade. The Eurozone remains a source of anxietyMon, 14 May 2012 08:15:31 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/05/14/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/05/04/Economic activity during Q2 is showing signs of a slow-down. Of concern is especially US economic data and uncertainty about the political direction in China combined with data pointing towards a further fall in its economic output. Eurozone anxiety has also returned in full force with the effect of previous liquidity injections by the European Central Bank proving to have had a limited impact. Protest elections across the region and the ousting of old governments with the prospect of new onesFri, 04 May 2012 07:04:31 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/05/04/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/04/16/Financial markets including commodities spent most of the week recovering from the surprise weakness witnessed in the recent US jobs report. US stocks dropped to a one-month low and in Europe the dramatic divergence between different countries continued. The divergence in the performance so far this year between the DAX index in Germany and the IBEX index in Spain is really stunning and currently stands at 27 percent. Spain especially is now the focus in the prolonged European debt crisis withMon, 16 Apr 2012 10:40:18 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/04/16/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/04/11/Commodity prices were mostly weaker over the past week, as macroeconomic concerns triggered selling across all the major sectors. The surprise weakness in the US jobs report last Friday triggered some additional selling in markets where liquidity was at a premium, with most traders being away for the Easter break. The only sector that has escaped relatively unscathed is the agriculture sector as worries about tight supplies this summer has kept the price of grains, particularly soybeans, wellWed, 11 Apr 2012 12:28:09 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/04/11/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/04/02/As the first quarter of 2012 comes to a close, we take a look at the winners and losers during the first three months. It was a quarter that was driven by geopolitical risk, sovereign debt worries and contradicting signs on the economic progress of different regions. While the US stock market roared ahead - regaining pre-Lehman levels in the process - Europe was left in the doldrums and Asian economies began to worry about the implications of an increasingly visible Chinese slowdown. The twoMon, 02 Apr 2012 10:33:56 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/04/02/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/03/26/The commodity sector was heading for its worst weekly performance since December, as corrections hit most markets on the back of lower manufacturing data in China and Europe, along with efforts to stop oil prices from rising any further. The DJ-UBS commodity index lost nearly 2 percent as most commodities fell, apart from a few belonging to the softs sector. The base metal sector was the hardest hit on continued signs of a Chinese slowdown, followed by the agriculture sector, where some profitMon, 26 Mar 2012 07:36:11 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/03/26/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/03/19/The week-long rally in stocks continued last week as US economic data keeps on improving, while little direction was gained from the dollar which traded mostly sideways. The DJ-UBS commodity index was flat on the week with the agriculture sector seing strong gains, driven by sugar and soybeans. Precious metals suffered on diminishing support for further quantitative easing and platinum moved above gold for the first time in six months while some light selling hit the energy sector followingMon, 19 Mar 2012 06:30:39 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/03/19/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/03/05/A mixed week for commodities where the markets were driven by another injection of cheap money from the European Central Bank, upbeat economic outlook comments from the Federal Reserve Chairman and continued geopolitical tensions. Stock markets rose again with the S&P 500 reaching the highest level since 2008 and the Nasdaq 100, heavy on technology stocks, reaching the highest level since 2000. Next week elections in Russia and Iran, China's national congress meeting to prepare for newMon, 05 Mar 2012 07:27:53 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/03/05/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/02/29/Middle East tensions, a weaker dollar, easy money at zero rates and stronger stock markets all helped commodities to good gains this week with the DJ-UBS commodity index rising by 2.4 percent. All sectors saw gains with energy and precious metals not surprisingly continuing to be the main contributors while agriculture and industrial metals were more subdued. The dollar was weaker, especially against the euro following Greece receiving its bailout. Silver rose 6.3 percent following a generallyWed, 29 Feb 2012 11:57:01 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/02/29/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/02/20/Oil markets received most of the attention this week with Brent crude trading back above 120 dollars per barrel as several geo-political events collectively increased the risk of supply disruptions. The rally among industrial metals came to a halt due to weaker Chinese demand while a dramatic narrowing of the price gap between espresso and filter coffee caught some headlines. The DJ-UBS commodity index rose 0.8 percent as gains in energy were off-set by a slide in industrial metals with theMon, 20 Feb 2012 07:06:48 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/02/20/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/02/13/The Greek bailout package that should have been put in place by now continues to attract attention across financial markets. All week the talk about an imminent agreement helped support stocks and drove the dollar to the lowest level in two months. Sentiment turned late Thursday, after Eurogroup sent the Greek delegation back to Athens demanding additional cuts and reassurances, something that looks increasingly unlikely to happen. Commodities had a mixed week, with energy prices gettingMon, 13 Feb 2012 14:29:45 GMThttp://www.fxstreet.com/technical/market-view/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/02/13/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/02/06/Looking 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/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/02/06/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/01/23/Global 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/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/01/23/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/01/16/Investors 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/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/01/16/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/01/09/The 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/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/01/09/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/01/03/As 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/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2012/01/03/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011/12/19/The 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/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011/12/19/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011/12/05/Financial 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/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011/12/05/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011/11/28/The 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/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011/11/28/http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011/11/21/Risk 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/privatesalesuk@saxomarkets.com (Saxo Bank)http://www.fxstreet.com/technical/market-view/weekly-commodity-updates/2011/11/21/