Happy Lunar New Year! Many Asian nations and people celebrate the beginning of the year of the Fire Horse, taking many essential commodity Markets off for this week. As detailed in our past day's Oil outlook, China being off can amplify moves in commodity markets, as the Shanghai Futures Exchange (where most Asian trading for metals occurs) is closed for the entire week, leading to thinner markets. After a long US weekend, traders are unloading their risk hedges amid mostly positive communications regarding the second round of US-Iran talks in Geneva. Iranian Foreign Minister Abbas Araghchi communicated a potential ... (full story)