Weekly Fundamentals - Bumpy Kickoff to 2011
BonTradeCommodities had a bumpy start to 2011 and price movements continued to be determined by US dollar's strength and macroeconomic developments. Earlier in the week, US economic data released were encouraging, spurring speculations that the Fed's quantitative easing measures might be limited this year. US ISM manufacturing index added +0.4 points to 57 in December. While the reading was widely expected, strength from 'new orders' and 'production' components boosted optimism on US recovery.
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Weekly Fundamentals - Bumpy Kickoff to 2011
