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Wednesday 18 September 2013

TODAY COMMODITY MARKET STRATEGY

Dear All,


BASE METAL WRAP:

Copper advanced for a second day as industrial metals rose after stockpiles declined and the Federal Reserve unexpectedly refrained from cutting economic stimulus.

ENERGY WRAP:

West Texas Intermediate crude rose for a second day after the Federal Reserve said it will maintain monthly bond purchases to stimulate economic growth in the U.S., the world’s biggest oil consumer.

PRECIOUS METAL WRAP:

Gold jumped the most in 15 months after the Federal Reserve unexpectedly refrained from reducing the pace of monthly U.S. bond purchases, increasing demand for the metal as a store of value.

GLOBAL EVENTS TO WATCH:

BOJ Gov Kuroda Speaks, Libor Rate, SNB Monetary Policy Assessment, Retail Sales m/m, Unemployment Claims, Current Account, Existing Home Sales, Philly Fed Manufacturing Index, CB Leading Index m/m, Natural Gas Storage.
 

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