Author archives: Edward Hutton

Copper Rallies After Trump Remarks, China Data

Copper in Shanghai headed for its best close since March in a relief rally after U.S.-China tensions eased and manufacturing data from the Asian nation pointed to a continuing slow recovery.   President Donald Trump’s threatened new measures against China proved weaker than expected, easing a major source of market jitters over the past week. That left …

Continue reading “Copper Rallies After Trump Remarks, China Data”

Soybeans Climb as Dollar Drops and Trump Keeps Trade Deal Intact

Soybean futures in Chicago advanced as the dollar extended declines and President Donald Trump stopped short of spelling out tough new sanctions against China over Hong Kong and kept the phase one trade deal with Beijing intact. Corn increased, while wheat snapped two days of gains.   The Bloomberg Dollar Spot Index tumbled to the weakest in …

Continue reading “Soybeans Climb as Dollar Drops and Trump Keeps Trade Deal Intact”

Iron Ore Seen Gripping On to Surge Before Eventual Descent

Iron ore’s surge, with its latest jump to three-digits, is set to persist in the short term powered by supply concerns, before a market surplus in the second half spells a decline for the steelmaking material. Physical spot ore surged to $101.05 a ton on Friday, the highest since August, according to Mysteel Global. Elevated steel …

Continue reading “Iron Ore Seen Gripping On to Surge Before Eventual Descent”

Capesize – a brief history of volatility

We know for certain Trump is ‘not happy’, as he announced this to the world this week, when referencing Beijing’s move to impose national security legislation on Hong Kong.     Trump has announced he will announce new U.S. policies on China today; this is making global markets jittery, something the world does not need …

Continue reading “Capesize – a brief history of volatility”