The market focus has quickly shifted from the G-20 meeting to Fed’s return to QE again. As the November meeting approaches, investors become more sensitive to comments from officials and dataflow. Commodities strengthened yesterday as the dollar weakened. The front-month contract for WTI crude oil surged to a 1-week high of 83.28 before settling at 82.52, up +1.02%, while that for gasoline and heating oil also climbed modestly.
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Commodities Rally as Weak Housing Market Sustains QE Hopes. China Lifts Fuel Prices
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