Commodities: all news & analysis

Explore our extensive commodities news, which unveils critical insights into price movements, trends, and expert forecasts in the raw materials market. By examining price actions and understanding the factors influencing commodity values, understand current market dynamics. This page is designed to boost your research on historical trends, identify seasonal patterns, and sharpen your trading strategies across sectors such as energy, metals, and agriculture. Equip yourself with the knowledge necessary to enhance your understanding of the commodities landscape and elevate your trading decisions.

Markets Weekly Outlook - Will the NFP Report Validate Rate Cut Optimism?

Fed policymakers maintain a dovish stance, and market participants are pricing in a potential 50 basis point rate cut in November. The US dollar hit a fresh YTD low, while Gold and Silver continued to advance. The week ahead features key data releases, including Eurozone inflation and US nonfarm payrolls, which could shape central bank policies and market sentiment.

27-09-2024 13:20 GMT by Zain Vawda

Gold (XAU/USD) Prices Underpinned by Geopolitics, China Stimulus and ETF Flows, $2650 Up Next

Gold prices advance, underpinned by ETF Flows, China stimulus and safe haven flows, Gold ETF flows have been positive, and if this trend continues, it could further support the upward momentum of gold prices. From a technical analysis perspective, gold is in overbought territory, but this may not be a significant obstacle. The psychological $2,650 and $2675 handles are the next key resistance levels to watch.

24-09-2024 12:08 GMT by Zain Vawda

China Slashes Rates - Stimulus Package by PBoC Welcomed by Markets

The People's Bank of China (PBoC) has unveiled a stimulus package aimed at boosting economic growth. Key measures include a cut in the 7-day repo rate, a reduction in the required reserve ratio (RRR), and support for the mortgage market and property sector. Asian and European stock markets have reacted positively to the stimulus as markets welcomed the news. Oil prices have risen as well and could benefit from the stimulus package. Will the Oil price recovery continue?

24-09-2024 05:58 GMT by Zain Vawda

Markets Weekly Outlook - Central Banks to Rule the Roost

Federal Reserve's Upcoming Decision: Markets are split on whether the Fed will cut rates by 25 or 50 bps. Key data releases from China, Japan, the UK, and the US will shape market sentiment and potentially set the tone for Q4 2024. The DXY is nearing a critical support level, and its direction could determine the US Dollar's trajectory ahead of the US election. Read More: Germany 30 Technical: A potential bearish reversal looms Week in Review: Market Participants Left with More Questions As t

13-09-2024 14:06 GMT by Zain Vawda

Gold Technical: Poised for a potential bullish breakout as US CPI looms

In the past four weeks, Gold (XAU/USD) has traded in a tight range environment below US$2,532 key intermediate range resistance. Positive momentum reading and a major bearish breakdown seen in the 10-year US Treasury real yield may trigger a bullish breakout in Gold (XAU/USD). Watch the key medium-term support at US$2,435 for Gold (XAU/USD).

11-09-2024 07:41 GMT by Kelvin Wong

Gold (XAU/USD) Flirts with All-Time Highs. Will US CPI Prove the Catalyst for a Breakout?

Gold prices are inching higher as the market awaits the US CPI release. Market reaction to the CPI data will depend on whether rate cut expectations are already priced in. From a technical analysis perspective, the gold chart may be forming a double top pattern ahead of the CPI release. Most Read: Brent Crude – Oil Slides Below $70 a Barrel, First Time Since December 2021 Gold prices inched higher in Asian trade as market participants brace for the US CPI release.

11-09-2024 06:17 GMT by Zain Vawda

Brent Crude - Oil Slides Below $70 a Barrel, First Time Since December 2021

Brent crude oil prices dropped below $70 a barrel, the lowest since December 2021. OPEC+ downgraded 2024 oil demand growth forecasts, primarily due to weakness and concern around China. Technical analysis suggests potential further decline in oil prices. Is there more room to the downside?

10-09-2024 11:57 GMT by Zain Vawda

Markets Weekly Outlook - ECB Rates, China and US Presidential Debate in Focus

US jobs data missed estimates, keeping recessionary fears very much in play. US Equities continue their September struggles as Oil falters as well. ECB expected to cut rates amidst slowing European economy, while UK jobs data and US CPI figures remain in focus. Read More: Bitcoin (BTC/USD) Eyeing a Deeper Reversal as ETF Outflows Continue Week in Review: Jobs Data Fails to Provide Clarity as Underlying Data Flashes Warning Signs

06-09-2024 13:14 GMT by Zain Vawda

Gold (XAU/USD) Under Pressure as Precious Metal Fails to Attract Haven Bids

Gold prices are trending down due to a lack of safe-haven bids and a strong US Dollar. Upcoming US jobs data and interest rate decisions will significantly impact gold's future performance. September is historically a challenging month for gold, which could further influence its trajectory.

04-09-2024 07:31 GMT by Zain Vawda

Brent Crude - Oil Slides on Renewed Demand Fears, Brent Back at $75 a Barrel

Brent crude oil prices fell by 4% due to concerns about weakening demand from China. The disruption in Libyan oil production has had a limited impact on prices so far, but the situation remains uncertain and could cap further downside. OPEC+ plans to increase oil supply in October, which could further pressure prices.

03-09-2024 11:06 GMT by Zain Vawda

Markets Weekly Outlook - NFP Jobs Data to Rule Out 50 bps Fed Rate Cut?

US PCE data keeps Fed rate cut hopes alive as inflation moves towards 2% target. Commodity prices fluctuate on geopolitical fears and OPEC+ production plans. US jobs data release is key market-moving event in the week ahead, with potential to impact Fed rate cut decisions.

30-08-2024 15:23 GMT by Zain Vawda

Gold Price Outlook: $2500/oz Back in Focus as US Dollar Index (DXY) Bounces

Gold prices hover around $2500/oz as the DXY strengthens, with markets awaiting key data amidst geopolitical tensions. Gold ETFs see continued inflows, marking a fourth consecutive month of gains, signaling sustained investor interest. Technical analysis reveals a bearish triangle pattern on the Gold chart, suggesting a potential price decline.

28-08-2024 08:18 GMT by Zain Vawda

Brent Crude - Oil Rallies 3% on Middle East Tension, Libya Production Halt

Brent Crude oil prices have surged by approximately 3% following escalated tensions in the Middle East, notably between Israel and Hezbollah, alongside a production halt in Libya. Libya's internal power struggle has led to the closure of oil fields by the Eastern-Based Government, affecting the country's output of around 1 million barrels per day, further supporting higher oil prices.

26-08-2024 11:11 GMT by Zain Vawda

Markets Weekly Outlook - Powell Delivers with Nvidia Earnings, PCE Data Next

Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell's remarks on the FX space saw GBP/USD and EUR/USD reach new highs. Markets are pricing in a 34.5% chance of a 50 bps cut and 65.5% of a 25 bps cut at the Federal Reserve's September meeting. US PCE and EU Inflation data are highlights.

23-08-2024 13:13 GMT by Zain Vawda

Gold (XAU/USD) Retests $2500/oz Ahead of Powell’s Jackson Hole Remarks

Gold prices retest $2500/oz ahead of Fed Chair Powell's Jackson Hole speech. Gold's rebound in the European session and technical analysis suggest bullish momentum. September rate cuts likely already priced in. What impact will Powell's remarks have? Most Read: Japanese Yen Price Action Ideas: USD/JPY, EUR/JPY Gold prices are back at $2500/oz following a long awaited retracement which materialized during Thursdays US session.

23-08-2024 08:33 GMT by Zain Vawda

Brent Crude - Oil Slides Into Key Support as Geopolitical Risk Takes a Backseat

Brent crude oil prices continue to fall amidst rumors of a Middle East deal and increased production in Libya. US crude stockpiles are expected to have decreased, and insights from the Jackson Hole symposium could impact oil prices. Technicals point to a key support are. Will we get a short term bounce in Oil prices?

20-08-2024 05:49 GMT by Zain Vawda

USD/CAD Teeters Near Critical Support Ahead of Canadian Inflation Data

USD/CAD is approaching a crucial support zone above 1.3600 ahead of Canadian inflation data. The Loonie has strengthened recently due to rising oil prices and USD weakness. Upcoming Canadian inflation and retail sales data, along with Fed policymakers' statements, will be crucial for USD/CAD's direction. Most Read: Gold (XAU/USD) Eyes Consolidation Above $2500/oz.

19-08-2024 13:13 GMT by Zain Vawda

Gold (XAU/USD) Eyes Consolidation Above $2500/oz. Will Bulls Hold the Line?

Gold prices surpassed the $2500/oz level on Friday despite a decrease in the likelihood of a 50 bps cut at the Federal Reserve's September meeting. The rally in gold prices is attributed to dovish remarks by Federal Reserve policymakers and concerns over rising tensions in the Middle East. From a technical standpoint, the weekly chart indicates a strong bullish trend for gold, but a retracement towards the 2450 mark is possible.

19-08-2024 06:44 GMT by Zain Vawda

Markets Weekly Outlook - Gold Hits New ATH Ahead of Jackson Hole Symposium

Gold reaches a new all-time high as markets reassess rate cut expectations after evaluating resilient US data. The Jackson Hole Symposium will be a key event next week, with central bankers discussing strategies for growth and monetary policy. It's a data-heavy week in Europe and the US, with the release of FOMC minutes, PMI data, and speeches from Fed Chair Powell and BoE Governor Bailey.

16-08-2024 16:54 GMT by Zain Vawda

Gold (XAU/USD) Bounces Back After US CPI, DXY Faces Challenges

Gold prices rebounded after a post-CPI selloff, aided by a struggling US Dollar Index. A sustained move above $2500/oz for gold may require an additional catalyst, like geopolitical risks. The DXY faces challenges and is likely to remain subdued, with technical indicators suggesting a potential retracement. Will it Materialize?

15-08-2024 05:36 GMT by Zain Vawda

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