Summer Heats Up For Commodities

The commodity markets are not on summer holiday. Declining oil prices, China’s currency devaluation and changing weather means that there has been plenty of attention on these markets.

Although big price swings might generate headlines, every day, commodity traders and professionals have to sift through thousands of data points to try to piece together a narrative for the market and eventually, a trading strategy.

WATT<GO> provides deeper, real-time insight into the U.S. power industry.

Bloomberg remains driven to provide tools that make this complicated job simpler, and has now added WATT<GO> and NEWC<GO> to its suite of commodity tools.

WATT<GO> is a function that allows customers to view power generation from more than 300 power plants around the United States, using data generated by Genscape. In addition to commodity traders, equity analysts and researchers can use data from WATT<GO> to understand and identify trends linked to companies or energy-related sectors of the economy.

To stay on top of any new changes and features as they are introduced, NEWC<GO> has been added to display information on the latest commodity updates.

A closer look at key commodity functions.

Bloomberg Professional service customers who also subscribe to Genscape data can see information from WATT<GO> in real-time, while any subscriber can see two-day delayed data.

Bloomberg is working with Genscape to incorporate more data into the Bloomberg Professional service so traders can use this information within our analytical charting package. Subscribers who want to learn more about data from Genscape can use GENS<GO>.

Carl Daucher is Global Head of Commodities at Bloomberg L.P.