| Jan 01 2016 | New Year's Day (Observed) | LME / COMEX / NYMEX / SHFE |
| Jan 18 2016 | Dr. Martin Luther King, Jr. (Observed) | COMEX / NYMEX |
| Feb 08 2016 | Spring Festival | SHFE |
| Feb 09 2016 | Spring Festival | SHFE |
| Feb 10 2016 | Spring Festival | SHFE |
| Feb 11 2016 | Spring Festival | SHFE |
| Feb 12 2016 | Spring Festival | SHFE |
| Feb 15 2016 | Presidents Day | COMEX / NYMEX |
| Mar 25 2016 | Good Friday | LME / COMEX / NYMEX |
| Mar 28 2016 | Easter Monday | LME |
| Apr 04 2016 | Tomb-sweeping Day | SHFE |
| May 02 2016 | Labor Day | SHFE |
| May 02 2016 | Early May Bank Holiday | LME |
| May 25 2016 | Memorial Day | COMEX / NYMEX |
| May 30 2016 | Spring Bank Holiday | LME |
| Jun 09 2016 | Dragon Boat Festival | SHFE |
| Jun 10 2016 | Dragon Boat Festival | SHFE |
| Jul 04 2016 | Independence Day | COMEX / NYMEX |
| Aug 29 2016 | Summer Bank Holiday | LME |
| Sep 5 2016 | Labor Day | COMEX / NYMEX |
| Sep 15 2016 | Mid-autumn Festival | SHFE |
| Sep 16 2016 | Mid-autumn Festival | SHFE |
| Oct 03 2016 | National Day | SHFE |
| Oct 04 2016 | National Day | SHFE |
| Oct 05 2016 | National Day | SHFE |
| Oct 06 2016 | National Day | SHFE |
| Oct 07 2016 | National Day | SHFE |
| Nov 24 2016 | Thanksgiving | COMEX / NYMEX |
| Dec 26 2016 | Christmas Holiday (Observed) | LME/ COMEX / NYMEX |
| Dec 27 2016 | Boxing Day | LME |
| Jan 02 2017 | New Year's Day (Observed) | LME / COMEX / NYMEX / SHFE |
* COMEX/NYMEX early closing on any business day preceding a holiday. | ||
Wednesday, January 27, 2016
Commodity Market Holiday Schedule 2016, LME COMEX NYMEX SHFE
MCX / NCDEX Holiday Schedule 2016
| Particulars | Date | Days | Morning Session (10:00 AM to 05:00 PM) | Evening Session (05:00 PM to 11:55 PM) |
| New Year´s Eve | 01-01-2016 | Friday | Open | Closed |
| Republic day | 26-01-2016 | Tuesday | Closed | Closed |
| Mahashivratri | 07-03-2016 | Monday | Closed | Open |
| Holi | 24-03-2016 | Thursday | Closed | Open |
| Good Friday | 25-03-2016 | Friday | Closed | Closed |
| Dr. Ambedkar Jayanti | 14-04-2016 | Thursday | Closed | Open |
| Ram Navami | 15-04-2016 | Friday | Closed | Open |
| Mahavir Jayanti | 19-04-2016 | Tuesday | Closed | Open |
| Maharashtra Day/ May Day (Labour Day) | 01-05-2016 | Sunday | Closed | Closed |
| Buddha Pornima | 21-05-2016 | Saturday | Closed | Closed |
| Ramzan ID (Id-Ul-Fitar) | 06-07-2016 | Wednesday | Closed | Open |
| Independence Day | 15-08-2016 | Monday | Closed | Closed |
| Ganesh Chaturthi | 05-09-2016 | Monday | Closed | Open |
| Bakri ID (Idu’L Zuha) | 13-09-2016 | Tuesday | Closed | Open |
| Gandhi Jayanti | 02-10-2016 | Sunday | Closed | Closed |
| Dussera | 11-10-2016 | Tuesday | Closed | Open |
| Moharum | 12-10-2016 | wednesday | Closed | Open |
| Diwali (Laxmi Puja) | 30-10-2016 | Sunday | Closed | Open from (5 pm to 9.00 - 9.30 pm) |
| Diwali - Balipratipada | 31-10-2016 | Monday | Closed | Open |
| Guru Nanak Jayanti | 14-11-2016 | Monday | Closed | Open |
| Id-E-Milad (Prophet Mohammad´s Birthday) | 12-12-2016 | Monday | Closed | Open |
| Christmas | 25-12-2016 | Sunday | Closed | Closed |
Friday, January 22, 2016
INFOGRAPHIC: The periodic table of commodity returns
Courtesy of: Visual Capitalist
At the beginning of each year, U.S. Global Investors puts out a fantastic visualization called the Periodic Table of Commodity Returns. This year’s version has an interactive design that allows users to sort returns by various categories including returns, volatility, and other groupings.
For those keeping score, 2015 was a historically bad year for commodities in almost every regard.
Base Metals: The fact that lead was the best performing commodity with -3.5% returns throughout 2015 is not a good sign. However, compared to its fellow base metals such as copper (-26.1%), zinc (-26.5%), aluminum (-17.8%), and nickel (-41.8%), lead did wonderfully in comparison.
Precious Metals: Gold held in there as a relative top-performer with only a -10.4% dip. That said, it’s started off 2016 with a nice rally so far. Silver, platinum, and palladium did worse in 2015, all returning -11.8%, -26.1%, and -29.4% respectively.
Energy: The worst performing commodity of 2014 was the second-worst performing commodity of 2015. Oil was been routed in the last two years, with -45.6% and -30.5% returns respectively. Other fossil fuels have followed, with natural gas (-19.1%) and coal (-10.8%) both losing ground in 2015 as well.
Food: Corn was among the “best” performers, returning -9.6%. Wheat struggled more throughout 2015, returning -20.3%.
Deflating commodity prices also compounded with a strengthening dollar to hit currency markets hard, allowing Bitcoin to become the best performing currency of 2015 by far. Countries heavily reliant on commodity exports such as Canada, Brazil, Russia, Mexico, Australia, Norway, and South Africa had their currencies hammered in relation to the U.S. dollar.
Tuesday, January 12, 2016
Crude oil prices fall as much as 20% since beginning of the year
Crude oil prices continued a relentless dive early on Tuesday, falling as much as 20 per cent since the beginning of the year as analysts scrambled to cut their 2016 oil price forecasts and traders bet on further price falls.
US crude West Texas Intermediate (WTI) was trading at $30.98 per barrel at 0311 GMT on Tuesday, down 43 cents from the last settlement and more than 19 per cent lower than at the beginning of the year. WTI has shed over 70 per cent in value since the downturn began in mid-2014.
Brent crude futures fell 43 cents to $31.12 a barrel. Earlier they declined to $31.08, their lowest since April 2004. Brent has fallen 20 per cent in January and, like WTI, has declined on every day of trading so far this year.
Traders take record short positions
Trading data showed that managed short positions in WTI crude contracts, which would profit from a further fall in prices, are at a record high, implying that many traders expect further falls (see chart).
Analysts also adjusted to the early price rout in the year, with Barclays, Macquarie, Bank of America Merrill Lynch, Standard Chartered and Societe Generale all cut their 2016 oil price forecasts on Monday.
"A marked deterioration in oil market fundamentals in early 2016 has persuaded us to make some large downward adjustments to our oil price forecasts for 2016," Barclays bank said.
"We now expect Brent and WTI to both average $37/barrel in 2016, down from our previous forecasts of $60 and $56, respectively," it added.
$10/barrel?
But it was Standard Chartered that took the most bearish view, stating that prices could drop as low as $10 a barrel.
"Given that no fundamental relationship is currently driving the oil market towards any equilibrium, prices are being moved almost entirely by financial flows caused by fluctuations in other asset prices, including the USD and equity markets," the bank said.
"We think prices could fall as low as $10/bbl before most of the money managers in the market conceded that matters had gone too far," it added.
Saturday, January 9, 2016
Market Massacre: Worst Ever First Week Of Trading
This was the worst first week of the year for US equities... ever!
Dow... (even worse than 2008)
S&P...
Europe was a disaster...
And epic for China...
And while only Trannies are in a bear market (down 20%) in the US, these 7 developed world markets are already there...(h/t SocGen's Andrew Laphthorne)
Commodities were very mixed this week...
Gold rallied 4% this week - its best 'first week of the year' since 2008... (best week in 5 months) - breaking 2 key technical levels...
Crude down 5 days in a row touching a $32 handle at the lows... biggest weekly drop since Nov 2014
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