Energy commodities jumped after Fed meeting

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Source: Dukascopy Bank
Energy markets jumped on Tuesday after Fed acknowledged no changes in its monetary policy due to stabilizing US economy. Crude and Brent oil were also bolstered by stronger global equities and signs of economic recovery in the EU after inspiring German ZEW index. However, easing supply concerns and firm US Dollar capped the upswing. The EU nations are confident that Iranian oil supplies can be easily replaced by oil deliveries from Saudi Arabia. The country has already agreed to use its spare capacity to boost output in case of stronger demand. Meanwhile, natural gas recovered slightly on increased dip buying while mild weather forecasts continued to limit any upward move of the commodity.


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Wed, 14 Mar 2012 17:10:24 GMT

Rural commodities were higher on Tuesday

Rural commodities apart from wheat added to previous gains on Tuesday along with improving global economic outlook. Wheat lost 0.19% while corn jumped by 0.37%. Argentina reported it postpones granting new corn export permits until April because of lower crops caused by adverse weather conditions. Moreover, speculation over strong China's demand for corn also continued to stimulate price growth. In

Wed, 14 Mar 2012 16:57:38 GMT

Base metals rallied on Tuesday on improved global economic outlook

Industry metals rallied on Tuesday on positive economic data from the major world's economies. The base metals pack gained a strong spree after Fed announced the US, the second largest consumer of industry metals, faces signs of moderate economic recovery. Moreover, firm global equities pushed the metals' price higher. However, the upward move was limited by broadly stronger US Dollar.

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