Commodities brace for September volatility after fourth weekly gain - Saxo Bank

seekingalpha08-30

With the commodities sector heading for its fourth consecutive weekly gain, the market braces for September volatility, driven by the U.S. Federal Reserve's rate cut decisions, with industrial metals ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2463768470?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1622055565/image_1622055565.jpg","is_english":true,"pubTime":"2024-08-30 23:42","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2463768470","market":"sg","top_or_hot":-1,"title":"Commodities brace for September volatility after fourth weekly gain - Saxo Bank","media":"seekingalpha","content":"<div>\n<p>With the commodities sector heading for its fourth consecutive weekly gain, the market braces for September volatility, driven by the U.S. Federal Reserve's rate cut decisions, with industrial metals ...</p>\n\n<a href=\"https://seekingalpha.com/news/4145556-commodities-brace-for-september-volatility-after-fourth-weekly-gain-saxo-bank\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Commodities brace for September volatility after fourth weekly gain - Saxo Bank</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCommodities brace for September volatility after fourth weekly gain - Saxo Bank\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-30 23:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4145556-commodities-brace-for-september-volatility-after-fourth-weekly-gain-saxo-bank><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With the commodities sector heading for its fourth consecutive weekly gain, the market braces for September volatility, driven by the U.S. Federal Reserve's rate cut decisions, with industrial metals ...</p>\n\n<a href=\"https://seekingalpha.com/news/4145556-commodities-brace-for-september-volatility-after-fourth-weekly-gain-saxo-bank\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SCO","symbol_name":"二倍做空彭博原油指数ETF","start_time":0,"source_url":"https://seekingalpha.com/news/4145556-commodities-brace-for-september-volatility-after-fourth-weekly-gain-saxo-bank","article_id":"2463768470","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1622055565/image_1622055565.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2463768470","pubTimestamp":1725032536,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"With the commodities sector heading for its fourth consecutive weekly gain, the market braces for September volatility, driven by the U.S. Federal Reserve's rate cut decisions, with industrial metals ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SCO":"二倍做空彭博原油指数ETF","USL":"United States 12 Month Oil Fund LP","MOO":"农业指数ETF-Market Vectors","CORN":"Teucrium Corn Fund","SGOL":"abrdn Physical Gold Shares ETF","KOLD":"两倍做空彭博天然气ETF-ProShares","OUNZ":"Merk黄金信托ETV","UCO":"二倍做多彭博原油ETF","WEAT":"Teucrium Wheat Fund","DBO":"原油ETF-PowerShares","BOIL":"两倍做多彭博天然气ETF-ProShares","IAU":"黄金信托ETF(iShares)","GDX":"黄金矿业ETF-VanEck","BK4570":"地缘局势概念股","PSLV":"Sprott Physical Silver Trust","GLD":"SPDR黄金ETF","AAAU":"Goldman Sachs Physical Gold ETF","BK4585":"ETF&股票定投概念","GDXJ":"小型黄金矿业ETF(Market Vectors)","DBA":"农业指数ETF-PowerShares DB","SLV":"白银ETF(iShares)","GLDM":"SPDR Gold MiniShares Trust","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","USOI":"X-Links Crude Oil Shares Covered Call ETN","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","SIL":"Silver Miners Etf","PHYS":"Sprott Physical Gold Trust","BK4535":"淡马锡持仓","SILJ":"Amplify Junior Silver Miners ETF","UNG":"美国天然气基金","BK4588":"碎股","UNL":"United States 12 Month Natural Gas Fund LP","FCG":"First Trust Natural Gas ETF","SIVR":"Aberdeen Standard Physical Silver Shares ETF","NUGT":"二倍做多黄金矿业指数ETF-Direxion","SOYB":"Teucrium Soybean Fund","BK4547":"WSB热门概念","BAR":"GraniteShares Gold Trust","BNO":"美国布伦特原油基金有限合伙企业","BK4504":"桥水持仓"},"translate_title":"大宗商品在连续第四周上涨后准备迎接9月份的波动——盛宝银行","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SILJ":1,"KOLD":1,"MOO":1,"NUGT":1,"OUNZ":1,"PHYS":1,"PSLV":1,"SCO":1,"SGOL":1,"SIL":1,"IAU":1,"SIVR":1,"SLV":1,"SOYB":1,"UCO":1,"UNG":1,"UNL":1,"USL":1,"USOI":1,"WEAT":1,"CORN":1,"BAR":1,"BNO":1,"AAAU":1,"DBA":1,"DBO":1,"DRIP":1,"FCG":1,"GDX":1,"GDXJ":1,"GLDM":1,"GUSH":1,"GLD":0.9,"BOIL":0.6},"content_text":"With the commodities sector heading for its fourth consecutive weekly gain, the market braces for September volatility, driven by the U.S. Federal Reserve's rate cut decisions, with industrial metals and gold in focus, as well as OPEC+ production verdict. Throughout August, the sector has been supported by a combination of a softer dollar (DXY), lower Treasury yields, helping gold (XAUUSD:CUR) achieve a second-consecutive monthly gain, up 2.9% so far.  Traders and analysts watching U.S. economic data have gone from fearing a sharp slowdown to a soft landing, and with inflation continuing to drift lower and China showing signs of improvement, the demand outlook for growth- and demand-dependent commodities has improved, Saxo Bank's Ole Hansen said in a note on Friday. \"At this point, however, plenty of uncertainty exists, so while we see the month-long correction as having run its course, the prospect for a strong rebound remains limited until the global economic outlook strengthens further—not least in China and Europe, where expectations for economic growth continue to deteriorate,\" Hansen added. Overall, the Bloomberg Commodity Total Return Index trades up around 1.3% on the month, and 2.2% on the year, with losses across the energy sector and a much-reduced loss in grains, being more than offset by gains across industrial and precious metals. The oil benchmarks face a second-straight monthly loss (CO1:COM) (CL1:COM). According to Hansen, September is expected to deliver some volatility, not least driven by the market's response to how the FOMC will present and deliver the expected rate cut. While interest rate-sensitive investors may cheer the beginning of a rate cut cycle, which may increase appetite for industrial metals towards restocking, and gold as the lower cost of carry helps attract fresh demand, gold has, for various reasons, struggled during September recently. The grains sector will also be watched closely during September as the result of this year’s Northern Hemisphere harvest becomes known.  On oil, the brokerages, the opposing forces between soft demand into the fourth quarter, Libya cuts and an OPEC+ increase will likely keep prices range bound with the upside limited for now. Finally copper, from a technical standpoint, the recent rally has seen traders turn towards a \"buy-on-dip strategy as opposed to the sell-into-rallies\" that was seen during the May to July correction, and while Saxo Bank believe the worst of the correction is over, futures prices in London and New York have yet to challenge key resistance around $9,500 per ton and $4.5 per pound respectively.  ETFs: (NYSEARCA:GLD), (GDX), (GDXJ), (IAU), (NUGT), (PHYS), (GLDM), (AAAU), (SGOL), (BAR), (OUNZ), (SLV), (PSLV), (SIVR), (SIL), (SILJ) ETFs: (NYSEARCA:USO), (BNO), (UCO), (SCO), (USL), (DBO), (DRIP), (GUSH), (USOI), (UNG), (BOIL), (KOLD), (UNL), (FCG) ETFs: (WEAT), (CORN), (SOYB), (DBA), (MOO)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Economic Data","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463768470"}