Market Insights

As we head into Q3 2024, the markets are dealing with a different reality than what was initially expected at the beginning of the year. With Biden stepping out of the US Presidential Race, all eyes are likely to stay focused on the US until November. Additionally, there is a growing case for an increasing number of interest rate cuts this year, with major banks expected to start the cutting cycle by the end of this quarter. While this should help alleviate some of the pressures felt by the commodity space, China's muted economic performance is weighing on the base metals’ narrative. From September onward, we expect macroeconomic factors to relieve some of the pressures on the commodity market, leading to a modest increase in the latter part of Q3. We expect Q4 to bring greater market volatility.

Our daily commentary, covering market news and closing prices of LME aluminium, copper, lead, nickel, tin, zinc, iron ore, steel, and precious metals.

This month, we are focusing on the US economy, which is currently facing a number of political and macroeconomic risks as we head into the last quarter of the year. The dollar, which had maintained its strength for the majority of the year, experienced a rapid sell-off due to a shift in market sentiment as bets on the Fed's first interest rate cut in September accelerated. With the Fed meeting in September and the upcoming US Elections, what is our outlook for the dollar in the coming months?

Read our coffee crop update, with commentary on recent price activity, and coffee market forecasts to take advantage of market movements. The coffee industry has experienced significant volatility in recent months, breaking out of the stagnant price ranges observed since October. Although we believe the underlying market fundamentals have not changed drastically, shifting market perceptions concerning the supply side tightness have driven recent price rallies. Broader volatility in the softs market is also adding to coffee price volatility.

Technical analysis and charts for the key sugar, cocoa and coffee contracts.

Our analysts provide an insight into the Electric Vehicle and Battery Material Market. They give an update on how the energy industries in major regions are transitioning towards renewable alternatives, new policies to support EV sales, and a fundamental outlook for Nickel, Cobalt, and Lithium. With the end of 2023 approaching, we look back at how the electric vehicle has performed amidst growing fears of the global economic recession and what trends are set to accelerate into the new year. 

Our analysts provide an insight into the Electric Vehicle and Battery Material Market. They give an update on how the energy industries in major regions are transitioning towards renewable alternatives, new policies to support EV sales, and a fundamental outlook for Nickel, Cobalt, and Lithium. Supply-chain bottlenecks and strong EV consumption have meant a sharp increase in the prices of materials and chemicals. Will this continue?

The US elections, a pivotal event for the global political landscape, are fast approaching. Financial markets, historically sensitive to election results, are bracing for potential shifts in sentiment and policy direction. While drastic changes seem unlikely, subtle economic adjustments could ripple through depending on who wins the election. In this analysis, we explore the possible impacts on the dollar, gold, and market volatility.

Tensions in the Middle East, compounded by ongoing security issues in the Red Sea, continue to escalate concerns about their potential adverse effects on Europe's already fragile economy. As the strikes in the Red Sea led major shipping companies to redirect their vessels away from the Suez Canal and take a longer route via the Cape of Good Hope, how could the Red Sea crisis escalate to impact shipping costs and inflation?