Commodity & FX Outlook What Happens When Fundamentals Reassert Over Sentiment
Summary
The commodity cycle is turning – but commodity prices do not yet reflect the stronger underlying fundamentals. As sentiment realigns with fundamentals we believe there is scope for strong price gains.
Volatility has been a pervasive force in G10 currency markets with the ongoing Greek saga and prospect of tighter monetary policy in the US. Whilst sentiment has been a key driver of policy moves recently, we expect growth and policy fundamentals to become the focus in the upcoming quarter.
Tomorrow we will be hosting a webinar at 2pm (BST) to discuss these trends in commodity and FX markets. We will be joined by Sheryl King from Roubini Global Economics who will be looking at equity and fixed income trends for the quarter ahead.
Important Information
This communication has been provided by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the ”FCA”).
