June 03, 2021 at 03:49PM
The commodities market is all over the place today. Watch copper
What’s the demand picture
There is nothing resembling a coherent picture in the commodities market today.
In FX, rates and equities there’s a worry about more US jobs leading to Fed rate hikes. The oil market bumped higher on the ADP number too, perhaps signaling better demand. But elsewhere it’s a decidedly mixed bag.