The Effects Of Economic News On Commodity Prices
Download The Effects Of Economic News On Commodity Prices full books in PDF, epub, and Kindle. Read online free The Effects Of Economic News On Commodity Prices ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
The Effects of Economic News on Commodity Prices
Author | : Mr.Shaun K. Roache,Mr.Marco Rossi |
Publsiher | : International Monetary Fund |
Total Pages | : 30 |
Release | : 2009-07-01 |
Genre | : Business & Economics |
ISBN | : 9781451872873 |
Download The Effects of Economic News on Commodity Prices Book in PDF, Epub and Kindle
The paper uses an event study methodology to investigate which and how macroeconomic announcements affect commodity prices. Results show that gold is unique among commodities, with prices reacting to specific scheduled announcements in the United States and the Euro area (such as indicators of activity or interest rate decisions) in a manner consistent with gold's traditional role as a safe-haven and store of value. Other commodity prices, where such news is significant, exhibit pro-cyclical sensitivities and these have risen somewhat as commodities have become increasingly financialized. These results are important for those trading in the commodity markets on a frequent basis and long-term market participants that take their decisions based on information on price fundamentals, which are reflected in the release of macroeconomic announcements.
The Effects of Economic Newson Commodity Prices
Author | : Shaun K. Roache,Mr. Marco Rossi |
Publsiher | : International Monetary Fund |
Total Pages | : 31 |
Release | : 2009-07-01 |
Genre | : Business & Economics |
ISBN | : 9781451917161 |
Download The Effects of Economic Newson Commodity Prices Book in PDF, Epub and Kindle
The paper uses an event study methodology to investigate which and how macroeconomic announcements affect commodity prices. Results show that gold is unique among commodities, with prices reacting to specific scheduled announcements in the United States and the Euro area (such as indicators of activity or interest rate decisions) in a manner consistent with gold''s traditional role as a safe-haven and store of value. Other commodity prices, where such news is significant, exhibit pro-cyclical sensitivities and these have risen somewhat as commodities have become increasingly financialized. These results are important for those trading in the commodity markets on a frequent basis and long-term market participants that take their decisions based on information on price fundamentals, which are reflected in the release of macroeconomic announcements.
Commodity Prices and Markets
Author | : Takatoshi Ito,Andrew K. Rose |
Publsiher | : University of Chicago Press |
Total Pages | : 346 |
Release | : 2011-03 |
Genre | : Business & Economics |
ISBN | : 9780226386898 |
Download Commodity Prices and Markets Book in PDF, Epub and Kindle
Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim.
Macroeconomic News Effects in Commodity Futures and German Stock and Bond Futures Markets
Author | : He Huang |
Publsiher | : BoD – Books on Demand |
Total Pages | : 222 |
Release | : 2010 |
Genre | : Business & Economics |
ISBN | : 9783899368925 |
Download Macroeconomic News Effects in Commodity Futures and German Stock and Bond Futures Markets Book in PDF, Epub and Kindle
A well-known concept in modern capital market theory is that only systematic risk factors affect security prices. Macroeconomic announcements are among the most important news for financial markets because the state of the economy is a prime candidate for such a source of non-diversifiable risk. This book investigates the effects of US macroeconomic news on three financial markets that have received less attention in the literature so far. The markets of interest are the commodity futures market, the German stock index futures market, and the German bond futures market. I investigate not only price effects, but also liquidity effects as well as the channels of cross-border information flow. I find that commodity markets as well as international stock and bond markets are likewise affected by the release of US macroeconomic news. The strength of the commodity price response depends on the state of the economy and news about the US economy is more important for German stock markets than domestic economic news. For an investor in any of these markets, this book provides valuable information on how to adjust his trading strategies around the release of macroeconomic news. Moreover, my findings contribute to the understanding of cross-border information flow. First, I find that both domestic and foreign economic news induce significant price and liquidity effects. Second, I find that there are two important channels of information transmission for foreign news: the direct response to the news and the indirect response to the foreign response to the news.
Commodity Price Dynamics
Author | : Craig Pirrong |
Publsiher | : Cambridge University Press |
Total Pages | : 238 |
Release | : 2011-10-31 |
Genre | : Business & Economics |
ISBN | : 9781139501972 |
Download Commodity Price Dynamics Book in PDF, Epub and Kindle
Commodities have become an important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilizes structural models to provide a better understanding of how commodities' prices behave and what drives them. It exploits differences across commodities and examines a variety of predictions of the models to identify where they work and where they fail. The findings of the analysis are useful to scholars, traders and policy makers who want to better understand often puzzling - and extreme - movements in the prices of commodities from aluminium to oil to soybeans to zinc.
The Myth of Comoving Commodity Prices
Author | : Mr.Paul Cashin,Mr.C. John McDermott,Mr.Alasdair Scott |
Publsiher | : International Monetary Fund |
Total Pages | : 21 |
Release | : 1999-12-01 |
Genre | : Business & Economics |
ISBN | : 9781451858327 |
Download The Myth of Comoving Commodity Prices Book in PDF, Epub and Kindle
There is a common perception that the prices of unrelated commodities move together. This paper re-examines this notion, using a measure of comovement of economic time series called concordance. Concordance measures the proportion of time that the prices of two commodities are concurrently in the same boom period or same slump period. Using data on the prices of several unrelated commodities, the paper finds no evidence of comovement in commodity prices. The results carry an important policy implication, as the study provides no support for earlier claims of irrational trading behavior by participants in world commodity markets.
The Economics of Food Price Volatility
Author | : Jean-Paul Chavas,David Hummels,Brian D. Wright |
Publsiher | : University of Chicago Press |
Total Pages | : 394 |
Release | : 2014-10-14 |
Genre | : Business & Economics |
ISBN | : 9780226128924 |
Download The Economics of Food Price Volatility Book in PDF, Epub and Kindle
"The conference was organized by the three editors of this book and took place on August 15-16, 2012 in Seattle."--Preface.
World Economic Outlook October 2015
Author | : International Monetary Fund. Research Dept. |
Publsiher | : International Monetary Fund |
Total Pages | : 228 |
Release | : 2015-10-06 |
Genre | : Business & Economics |
ISBN | : 9781513515397 |
Download World Economic Outlook October 2015 Book in PDF, Epub and Kindle
This issue discusses a number of factors affecting global growth, as well as growth prospects across the world’s main countries and regions. It assesses the ongoing recovery from the global financial crisis in advanced and emerging market economies and evaluates risks, both upside and downside, including those associated with commodity prices, currency fluctuations, and financial market volatility. A special feature examines in detail causes and implications of the recent commodity price downturn; analytical chapters look at the effects of commodity windfalls on potential output and of exchange rate movements on trade.