US EIA expects gradual reduction of oil oversupply

Jun 26, 2015 09:11 am UTC| Commentary

Just like the market, however, the EIA is convinced that the oversupply is being gradually reduced, partly on the back of increased demand.The EIA points to a shrinking contango as one indication of a tightening market,...

Updated IGC forecasts lead to soaring corn and wheat prices

Jun 26, 2015 09:08 am UTC| Commentary

The International Grains Council (IGC) published its market report for wheat and corn yesterday. The IGC remains more sceptical about grain production than the US Department of Agriculture (USDA). Admittedly, the IGC did...

Oil market in the doldrums

Jun 26, 2015 09:08 am UTC| Commentary

Stagnating prices on the oil market this morning sees Brent trading at just shy of $63.5 per barrel, which is almost exactly the same price as yesterday morning.The report on the availability of petroleum in countries...

China imported more gold again from Hong Kong in May

Jun 26, 2015 09:05 am UTC| Commentary

After a brief recovery gold price dropped back to $1,170 per troy ounce and is trading only marginally above this level this morning, a 6.9 ton inflow into the gold ETFs - the highest daily inflow since the beginning of...

Norwegian macro, more cuts to come

Jun 26, 2015 08:47 am UTC| Commentary

Norges Bank surprised at the June meeting. Not by cutting rates to 1%, but by stating that another cut in September was likely. According to the rate path a cut at the September meeting has a 2/3 chance. a cut late this...

Sweden Riksbank QE distortions to decrease

Jun 26, 2015 08:41 am UTC| Commentary

Sweden Riksbanks QE program has so far been almost twice as large as the net issuance of the Debt Office.Also, even though issuance has been more concentrated in the long end, QE has been substantially larger in terms of...

Higher Sweden inflation suggests Riksbank stays sidelined in July

Jun 26, 2015 08:36 am UTC| Commentary

There is still no telling whether the Riksbank will announce further measures at the monetary policy meeting scheduled for July 1st or whether it will do so later on.It is a close call but the most likely outcome at this...