Capital Economics on commodity markets

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Livewire

Capital Economics has had some interesting ideas over recent days in the commodity markets that can be highlighted with three simple charts: 1) Copper weakness overdone - given solid Q2 activity data the fears of a China Meltdown that are weighing on copper are causing an excessive downside move. 2) USD strength is continuing to undermine gold after Yellen reinforced expectations of the first Fed hike by the end of the year. 3) Iran oil may flow sooner than expected after the Iran deal. Iraq shows how quickly output can rise if conditions are right.


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