January 25, 2018

Dollar, PMIs, Futures Curve Imply Nascent Commodity Bull Market

(24 January 2018)

Bloomberg Intelligence – Primary pillars of higher commodity prices are strengthening on the back of the weaker dollar. Solidifying the potential for a longer-term peak, the Bloomberg Dollar Spot Index four-year low reached on Jan. 24 coincides with a seven-year high in the JPMorgan Global Manufacturing PMI and the narrowest commodities contango since the crude oil plunge in August 2014. All indicate higher commodity prices and increasing total returns for indexes such as the Bloomberg Commodity Index.

STOCK QUOTES PSE: FNI (As of Sep 4, 2017) OPEN: 0.00 HIGH: 0.00 LOW: 0.00 CLOSE: 0.00 CHANGE: 0.00 (0.00%) VOLUME: 0