US’ economic data and Bernanke’s speech boosted market confidence and reversed the commodity sector. With the exception of natural gas and nickel, price returns for commodities were positive last week. However, as current economic outlook remains weak and upcoming indicators have high chances of downside surprises, we are wary that the late-week rally may be short-lived.
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Weekly Fundamentals – Commodities Got Lifted as Bernanke Committed to Recover Economy
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