News Regulators 

Gold steady as dollar firms on US Fed rate outlook

“The stronger dollar following Powell’s comments was weighing on gold prices, said Yuichi Ikemizu, Tokyo branch manager at ICBC Standard Bank” reports cnbc.com. As long as this trend continues … it’s a pretty tough situation for commodities,” Ikemizu said.”People are selling emerging markets, commodities and buying the dollar as it seems to be the most stable investment.Gold prices on Wednesday held steady near a one-year low hit in the previous session, as the dollar firmed after Federal Reserve Chairman Jerome Powell’s U.S. economic outlook reinforced views the central bank is…

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News Oil 

Oil Takes Center Stage: Commodities Halftime Report 2018

“Of the 14 major commodities we track at U.S. Global Investors, oil was the standout performer, gaining roughly 23 percent, followed by nickel (up 16.76 percent) and wheat (16.51 percent)” reports etfdailynews.com. Near the beginning of the year, Goldman Sachs analyst Jeffrey Currie made the case that the macro backdrop right now favored commodities in 2018.The index represents 20 commodities, which are weighted to account for economic significance and market liquidity. Source: etfdailynews.com Share This:

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Crypto News 

Bitcoin May Become a Commodity in India Despite…

“Instead, regulation is currently being worked on to thwart money laundering and criminal activity” writes Jp Buntinx for livebitcoinnews.com. Until it is introduced, there can be no official ban on rupee-based trading.The current ban on Bitcoin-rupee trading in India is very controversial.When do you think India will introduce legislation to regulate cryptocurrencies as commodities?.  Source: livebitcoinnews.com Share This:

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Futures News Stocks 

Stocks, commodities consolidate after latest trade war jolt

“The markets had some time to digest the latest trade war developments and are poised to begin consolidating” writes Midwest Communications Inc for 95kqds.com. The dollar index against a basket of six major currencies was steady at 94.765 after gaining 0.6 percent overnight.TOKYO (Reuters) – Stocks and commodities recovered slightly on Thursday as markets tried to consolidate from the previous session’s steep losses when fears of an escalation in the U.S.-China trade war jolted investor sentiment.Pointing to a moderately higher open for Wall Street shares later in the day, S&P…

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Markets News Oil 

GOLDMAN SACHS: The trade war won’t stop oil prices from rising

“But it remains to be seen if the trade war will derail a particularly bullish looking oil rally” writes Oilprice Com for businessinsider.com. The timing is not great, as global trade in general is showing signs of slowing down.With little sign of de-escalation, the trade war could barrel forward with more tariffs coming down the pike.The trade war and the global economic slowdown, should it accelerate, could start to drag down oil demand.In short, the investment bank does not believe that the trade war will end the upswing in commodities. Source:…

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News 

Tariffs are coming, but some American goods ‘appear inevitable’ for China

“A wave of Chinese tariffs on U.S. goods is set to come into effect Friday as trade tensions between the two countries continue to intensify” writes unknown author for cnbc.com. Those tariffs — which China has said will be levied against goods worth $34 billion — will in part target several major U.S. commodities, including soybeans, electric vehicles, seafood and pork.Brazil already supplies about half of China’s soybean imports, and Chinese buyers are purchasing more and earlier from the South American country this year, Bain said.China, meanwhile, imports about 60…

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Markets News Oil 

Goldman: Commodities are set to rise, trade war fears have been oversold

“In June, some commodities saw traders concerned about demand weakness in emerging markets, trade war rumblings, and oil producers’ decision to increase production, the bank noted” writes Weizhen Tan for cnbc.com. Concerns about oil and other commodities have been “oversold,” and even those most exposed to the risks of a U.S.-China trade war are worth buying, Goldman Sachs said in a Wednesday research note.We believe that the trade war impact on commodity markets will be very small, with exception of soybeans where complete rerouting of supplies is not possible,” the…

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Markets News 

SocGen to buy Commerzbank’s equity markets and commodities arm

“Societe Generale has agreed to buy Commerzbank’s equity markets and commodities business (EMC), strengthening its presence in areas such as derivatives while Commerzbank itself looks to sell off non-core assets” writes Ralph Orlowski for cnbc.com. This acquisition would further reinforce our Global Banking and Investor Solutions activities in line with our 2016-2020 strategic plan” Séverin Cabannes, SocGen’s deputy chief executive officer, said. Source: cnbc.com Share This:

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