Report Archive - commodities
Gold and Silver: What a Pair!
Analyzing Gold/Silver Ratio to Identify Pairs Trading Opportunities- 10-Mar-2011
Record gold and silver prices have created a stir in the market, with many pundits now placing their bets on silver as this decade’s “new gold.” In this study, we look at the relative attractiveness of gold and silver, which may help identify pairs trading opportunities.
- Regions: Global, United States
- Authors: Radhika Kamath
- Products: Datastream
- Keywords: commodities, gold, silver
- Download full report
Gold: A Commodity Play or Safe Haven?
Analyzing Gold's Performance Versus Other Metals and Gold Equities- 07-Mar-2011
A November 2010 Thomson Reuters Proprietary Research study pointed to strong momentum for gold over the medium term, identifying strong global liquidity and low interest rates as support for a continued rally. Since that report, gold prices have risen by about 6%. In this new study, we revisit the gold rush theme: a) examining and comparing the performance of gold mining stocks at a regional/country level, b) shedding light on gold’s key macroeconomic price drivers and its performance versus other metals, and c) gauging the short-term outlook based on the Commitment of Traders report.
- Regions: Global
- Authors: Radhika Kamath
- Products: Datastream
- Keywords: commodities, gold
- Download full report
Tracking Crack Spreads
Metric Suggests Gains Ahead for Oil Refining Equities- 16-Feb-2011
Crack spreads help explain the expected profit margin from refining, or “cracking,” crude. The most popular is the 3:2:1 crack, the spread of trading crude, gasoline, and heating oil at the aforementioned ratio. Refineries typically attempt to hedge their price risk using such a ratio, while speculators may use it to make directional price bets. There is a lead/lag relationship between the 3:2:1 crack spread and refining stock prices. Therefore, the recent rise in crack spreads may provide a bullish outlook for refiners. See Related Reuters Insider Video
- Regions: Global, United States
- Authors: Sunil Brahmavar , Mike Tarsala
- Products: Reuters 3000 Xtra, StarMine Professional, Thomson Reuters Spreadsheet Link
- Keywords: commodities, crack spread, oil
- Download full report
COT Report: Reading Market Sentiment
Analyzing Recent Trends in Corn and Sugar Futures- 15-Feb-2011
The Commitment of Traders (COT) report is a valuable tool in gauging market sentiment and near-term market direction. Data on corn futures’ trading reveal that companies on the consumption end of that industry have been hedging more actively in the recent past than have companies on the production end. This likely reflects commercial buyers’ fear of rising prices. At the same time, another trading segment, money managers, have been increasing net positions. This trading activity indicates a near-term bullish outlook for corn.
- Regions: Global
- Authors: Radhika Kamath , Amitesh Kumar
- Products: Datastream
- Keywords: commodities
- Download full report
COT Report: Reading Market Sentiment
Analyzing Historical and Short-Term Trends in Crude Oil Futures- 07-Feb-2011
The Commitment of Traders (COT) report helps analyze trends in the fluctuating positions of different classes of traders in futures markets. As such, it is a valuable tool in gauging market sentiment and near-term market direction. A top-level analysis of COT oil futures data, based on those who trade for industrial purposes (i.e., commercial sellers and buyers of oil), suggests a near-term neutral-to-bearish outlook for oil prices, as commercial sellers are hedging more than commercial buyers.
- Regions: Global
- Authors: Radhika Kamath , Amitesh Kumar
- Products: Datastream
- Keywords: commodities, oil
- Download full report
Gold: Is the Rally Running Out of Steam?
Analyzing Key Performance Drivers and Market Indicators- 01-Nov-2010
What is propelling the yellow metal to such record highs? Has the rally translated into higher gains for gold mining stocks? What do major economic and market indicators point to? In this study, we examine these issues, with a larger objective of comparing gold bullion performance to broader commodities and to gold mining stocks.
- Regions: Asia, Global
- Authors: Radhika Kamath
- Products: Datastream
- Keywords: commodities, gold
- Download full report
What Lies Beneath
Islands and Rare Earths: Currencies of a Looming Trade War?- 29-Oct-2010
The next decade may see an increased number of threats to freedom of trade. Interpretations of acute movements in price (as in the rare earths commodities case) will have to examine the possibility of trade “guerrillas” hiding in the equation.
- Regions: Global
- Authors: Juan Crespo
- Products: Datastream
- Keywords: commodities
- Download full report
China Coal Market : A Game of Arbitrage
China Coal Import Behavior & Implications for the Global Coal Market- 13-Sep-2010
This study examines the forces behind the 2009 Chinese coal import spike in an attempt to understand future Chinese import behavior and its potential impact on the global energy market.
- Regions: Asia, Australia, China, Indonesia
- Authors: Amitesh Kumar
- Products: Datastream, StarMine Professional
- Keywords: commodities, equities
- Download full report
The Long Sideways Commodities Run
Long-Term Price Stagnation Looming?- 28-Jun-2010
From 1980 to 2005 commodity prices remained rangebound. Thirty years earlier, from 1952 to 1972, something similar had happened. However, two different and distinct price jumps occurred between and after those two periods. The symmetry of these four periods is not, curiously enough, mirrored by economic growth. Is the pattern set to repeat?
- Regions: Global
- Authors: Juan Crespo
- Products: Datastream
- Keywords: commodities
- Download full report
MORE REPORTS
bonds
- European Market Commentary
Basic Materials And Oil & Gas Likely To Drive European Earnings In 2011 - 18-Mar-2011
- Download full report
- European Market Commentary
European Earnings Estimates Favor Basic Materials and Technology in Q1 2011 - 04-Mar-2011
- Download full report
- European Market Commentary
The Number of Companies Missing Q4 Expectations Is Outpacing Those Beating Expectations - 18-Feb-2011
- Download full report
budget deficit
- The Rain in Spain Remains on the Plain, Not in the Banks
Despite the Noise, 75% of Spain's Banking System Is Sound - 27-Jan-2011
- Download full report
- Installing Shock-Absorbers in the Eurozone
The Case for Government-Sponsored Enterprises - 02-Dec-2010
- Download full report
- Greek Banks: Sovereign Debt Woes Continue
Key Medium-Term Deterrents: Weaker Economy and Risk Aversion - 20-Sep-2010
- Download full report
capital markets
- European Market Commentary
The Number of Companies Missing Q4 Expectations Is Outpacing Those Beating Expectations - 18-Feb-2011
- Download full report
- European Market Commentary
Mid-Earnings-Season Presents Mixed Picture; Oil & Gas and Financials Take Center Stage - 04-Feb-2011
- Download full report
- European Market Commentary
Healthy Earnings Expected in Q4 2010; Consumers and Energy to Drive Growth - 09-Dec-2010
- Download full report
currency
- Top Lines May Brighten on Eastern Exposure
Chinese RMB De-Peg: Implications for American and European Companies - 19-Aug-2010
- Download full report
- European Market Commentary
Consumer Sectors Continue to Beat Estimates, Earnings Jump from Previous Year - 28-May-2010
- Download full report
- European Market Commentary
Two-Thirds of Companies Beat Analysts’ Estimates; Consumer & Materials Sectors Surge - 14-May-2010
- Download full report
economics
- Earnings Surprise Forecast
Predicted Surprises for Q3 2011 -- North America - 06-Oct-2011
- Download full report
employment
equities
- Earnings Surprise Forecast
Predicted Surprises for Q3 2011 -- North America - 06-Oct-2011
- Download full report
ESG
- China's Rising Resource Consumption
Implications and Opportunities for Utilities - 31-Aug-2010
- Download full report
fixed income
- European Market Commentary
Basic Materials And Oil & Gas Likely To Drive European Earnings In 2011 - 18-Mar-2011
- Download full report
- European Market Commentary
European Earnings Estimates Favor Basic Materials and Technology in Q1 2011 - 04-Mar-2011
- Download full report
- European Market Commentary
The Number of Companies Missing Q4 Expectations Is Outpacing Those Beating Expectations - 18-Feb-2011
- Download full report
foreign exchange
- Top Lines May Brighten on Eastern Exposure
Chinese RMB De-Peg: Implications for American and European Companies - 19-Aug-2010
- Download full report
- European Market Commentary
Two-Thirds of Companies Beat Analysts’ Estimates; Consumer & Materials Sectors Surge - 14-May-2010
- Download full report
- European Market Commentary
Europe Expected to Return to Growth in 2010 - 19-Mar-2010
- Download full report
fundamentals
- Concentration vs. Diversification
Single- vs. Multi-Line Businesses: Which Sport the Better Bottom Line? - 09-Dec-2010
- Download full report
GDP
- The Rain in Spain Remains on the Plain, Not in the Banks
Despite the Noise, 75% of Spain's Banking System Is Sound - 27-Jan-2011
- Download full report
- Germany: Sailing Into Sustainable Growth
Key Survey Shows German H2 2010 Growth Largely on Course - 27-Oct-2010
- Download full report
- US Top Lines Set to Track Overseas Exposure
Developing Markets: A Key to Revenue Generation - 05-Oct-2010
- Download full report
gold
- Gold and Silver: What a Pair!
Analyzing Gold/Silver Ratio to Identify Pairs Trading Opportunities - 10-Mar-2011
- Download full report
- Gold: A Commodity Play or Safe Haven?
Analyzing Gold's Performance Versus Other Metals and Gold Equities - 07-Mar-2011
- Download full report
guidance
interest rates
- European Market Commentary
The Number of Companies Missing Q4 Expectations Is Outpacing Those Beating Expectations - 18-Feb-2011
- Download full report
- European Market Commentary
Decent Earnings Expected in Q4 2010; Consumers and Energy to Drive Growth - 21-Jan-2011
- Download full report
- Playing Inflation Hedges: US TIPS vs. Other Assets
Analyzing Performance of TIPS, Equities, and Commodities - 28-Dec-2010
- Download full report
M&A
- European Market Commentary
Basic Materials And Oil & Gas Likely To Drive European Earnings In 2011 - 18-Mar-2011
- Download full report
- European Market Commentary
European Earnings Estimates Favor Basic Materials and Technology in Q1 2011 - 04-Mar-2011
- Download full report
- European Market Commentary
The Number of Companies Missing Q4 Expectations Is Outpacing Those Beating Expectations - 18-Feb-2011
- Download full report
oil
- Tracking Crack Spreads
Metric Suggests Gains Ahead for Oil Refining Equities - 16-Feb-2011
- Download full report
private equity
- European Market Commentary
Q3 2010 Earnings Reports Start on a Mixed Note - 01-Oct-2010
- Download full report
- European Market Commentary
Europe Expected to Return to Growth in 2010 - 19-Mar-2010
- Download full report
real_estate
same store sales
- APRIL SAME STORE SALES REVIEW
RETAILERS BENEFIT FROM IMPROVED WEATHER - 09-May-2013
- Download full report
- APRIL SAME STORE SALES PREVIEW
IMPROVED WEATHER RELEASES PENT-UP DEMAND FOR RETAILERS - 08-May-2013
- Download full report
- Q1 Restaurants Same Store Sales Preview
A Cold Winter Points Toward a Deep Freeze - 06-May-2013
- Download full report
sentiment
- The Rain in Spain Remains on the Plain, Not in the Banks
Despite the Noise, 75% of Spain's Banking System Is Sound - 27-Jan-2011
- Download full report