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.

Demand Concerns vs. Geopolitical Risks: What's Next for Brent Crude Prices?

Rising US crude inventories are putting downward pressure on oil prices, interrupting a six-week slump. Geopolitical tensions in the Middle East and supply issues in Libya could potentially drive prices up. Softening demand from global airlines, especially for jet fuel, complicates the demand landscape. Conflicting signals from fundamental factors are expected to keep market participants on high alert. MOST READ: S&P 500, Nasdaq 100 Inch Higher Following US PPI Data Oil prices are heading for t

14-08-2024 13:31 GMT by Zain Vawda

Brent Crude - Oil Advances as OPEC Cuts Demand Forecast

Oil prices continue to rise despite OPEC cutting demand forecasts for 2024 and 2025. OPEC is likely to extend production cuts as the October deadline approaches, with Saudi crude oil exports to China expected to drop in September. The rally is fueled by easing US recession fears, but upcoming US data releases could shift market sentiment. A host of resistance levels up ahead. will the rally have the legs to continue?

12-08-2024 11:49 GMT by Zain Vawda

Markets Weekly Outlook - US CPI to Test Markets Following Tumultuous Week

US equities rebounded from a selloff earlier in the week, ending slightly higher. However, caution remains due to upcoming economic data releases. The Japanese Yen is heading for its first losing week in six, impacted by a peak in short-position unwinding and dovish BoJ comments. The upcoming week features significant data releases, including US and UK inflation, Chinese economic figures, and the RBNZ interest rate decision.

09-08-2024 14:39 GMT by Zain Vawda

Gold (XAU/USD) Remains Strong Above $2400/oz as Fed Hints at Upcoming Rate Cuts

Despite a stronger US Dollar yesterday, gold's upward trend continued, bolstered by the rate cut narrative. The technical outlook for gold indicates further upside potential, with prices possibly reaching between 2440 and 2450 during the US session. The longer-term outlook is supportive of gold prices as geopolitics, ETF flows and Central Bank Buying remain in play.

09-08-2024 07:37 GMT by Zain Vawda

Oil Prices Near Recent Lows: Demand Concerns Keep Bulls at Bay

Oil prices remain subdued due to recession fears and demand concerns. US stockpiles unexpectedly increased, adding to the bearish sentiment, EIA data out later today. Geopolitical tensions in the Middle East and China's economic outlook are also contributing factors. Most Read: USD/CAD Targets 1.3740 Support as Canada’s Trade Balance Surges Oil prices continued to struggle yesterday as increasing recession fears kept bullish investors at bay. The prospect of a recession is exacerbating global d

07-08-2024 05:18 GMT by Zain Vawda

Gold (XAU/USD) Steadies After Volatile Monday; DXY Bounces Back

Gold prices rebounded above $2,400/oz after a dip to $2,364/oz, showing resilience despite a strengthening US Dollar. Gold benefits from expectations of more aggressive rate cuts and its safe-haven status. Geopolitical and economic risks in the second half of 2024, along with anticipated rate cuts, should theoretically support the gold rally, but a Middle East peace agreement could complicate the outlook.

06-08-2024 08:48 GMT by Zain Vawda

Global Stock Rout as Nasdaq 100 Futures Falls 6%, Safe Havens Bid

Global markets extend losses, Nikkei plummets, Nasdaq 100 enters correction territory. Selloff attributed to recession fears, profit-taking, and geopolitical tensions. Goldman Sachs raises recession odds, Australian government increases terrorism threat level. Nasdaq 100 technical analysis indicates potential for further decline or dip-buying rebound. Most Read: Markets Weekly Outlook – Rising US Job Fears, Geopolitics in the Spotlight Global markets extended their losses in Asian trading as co

05-08-2024 05:19 GMT by Zain Vawda

Markets Weekly Outlook - Rising US Job Fears, Geopolitics in the Spotlight

US jobs data underwhelmed, triggering the SAHM rule, signaling a likely recession. The Magnificent 7 tech companies have lost nearly $1.75 trillion in market capitalization over the past 10 days. Rate cut bets for the US face significant revisions with recessionary fears weighing on global markets. Reserve Bank of Australia (RBA) next week. Will the RBA deliver a dovish pivot. Read More: EUR/CHF: Medium-term global risk-off kickstarts (Part 2) Week in Review: US Unemployment Rate Triggers Reces

02-08-2024 13:37 GMT by Zain Vawda

Gold, Crude Oil Prices Soar on Rising Middle East Tensions, FOMC Next

Gold and oil prices have surged due to rising tensions in the Middle East. Gold with a trendline break as bulls eye $2480/oz, FOMC meeting next. Brent crude oil found support around the 78.00 handle and is currently trading at 80.82 a barrel, with potential for further upside due to geopolitical risks.

31-07-2024 05:14 GMT by Zain Vawda

WTI Oil: At the risk of a further drop to retest major range support of US$73.15-71.35/barrel

Citigroup Economic Surprise Indices across the different regions (except for Latin America) on average are suggesting lackluster economic growth. US crude oil inventories (excluding SPR) are showing signs of a build-up. Technical factors are suggesting further potential weakness for WTI crude oil below US$80.30 key medium-term resistance. Since its high of US$84.74 printed on 5 July 2024, the price actions of West Texas Oil CFD (a proxy of the WTI crude oil futures) have tumbled by 10% to print

30-07-2024 07:26 GMT by Kelvin Wong

Markets Weekly Outlook: Central Banks and US Earnings. Will the BoJ Hike Rates?

Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank meetings, particularly the FOMC and BoJ, and US NFP data will be key drivers of market sentiment in the coming week. Read More: Oil Price Reversal Ahead? Chart Patterns Indicate Possible Bounce at Support Week in Review: Sentiment Overshadows

26-07-2024 13:47 GMT by Zain Vawda

Gold Technical: The recent sell-off may have reached a potential bullish reversal level at US$2,353

The recent weakness seen in Gold (XAU/USD) is likely to be driven by US politics as the “Gold premium” has moved in synch with the betting odds of Republican nominee Trump winning the US Presidential Election. The US Treasury market is likely to take a driver's seat now as the focus returns to the monetary policy guidance from the outcome of the US Fed FOMC meeting next Wednesday, 31 July.

26-07-2024 07:19 GMT by Kelvin Wong

Oil Price Reversal Ahead? Chart Patterns Indicate Possible Bounce at Support

Oil prices have faced challenges recently, but buying pressure prevented a drop below $80. Technical indicators suggest potential for an upward bounce, with key resistance levels to watch. Fundamental factors like Canadian wildfires, US stockpiles, and rate cut expectations support oil prices. Most Read: GBP/USD Dips to 1.2850 Amid Growing BoE Rate Cut Speculation Oil prices faced challenges yesterday until buying pressure during the US session prevented crude oil from dropping below the psycho

26-07-2024 05:58 GMT by Zain Vawda

Gold (XAU/USD) Continues Decline, DXY Lower After US GDP Beat

The decline in Gold prices is attributed to technical selling pressure, profit-taking, and a strong US GDP print. The bull run in Gold may not be over due to anticipated Central Bank demand, increased demand from India, and geopolitical factors. The US Dollar Index (DXY) has found support around 104.00 but is struggling to close back above the 200-day MA.

25-07-2024 11:39 GMT by Zain Vawda

USD/JPY Declines Sharply as BoJ Considers Rate Hike Next Week

The Japanese Yen is gaining against its G7 counterparts due to rumors that the Bank of Japan (BoJ) will reduce bond buying and potentially raise interest rates. Governor Ueda has emphasized wage growth as a key factor, and both average wages and average cash earnings YoY have shown a steady upward trend. Japan is set to establish a national minimum wage standard of 1,054 yen per hour on average, the largest increase ever. Most Read: Oil Price Update: Brent Holds Critical Support Amid US Inv

24-07-2024 13:28 GMT by Zain Vawda

Oil Price Update: Brent Holds Critical Support Amid US Inventory Decline

Oil prices have declined over the past four days, but Brent oil remains at a crucial support level. The Chinese government has cut rates to stimulate economic growth following disappointing data. Will this help keep oil demand strong in H2? US GDP, PMI and PCE data could play a role in Oil price moving ahead while the Geopolitical situation needs to be monitored as well.

24-07-2024 06:40 GMT by Zain Vawda

USD/CAD Eyes Breakout as Oil Price Slide Continues, BoC Meeting Next

USD/CAD is nearing a breakout after being range-bound since April, potentially driven by falling oil prices and a weakening Canadian Dollar. The Bank of Canada (BoC) is expected to cut rates this week due to rising unemployment, falling consumer spending, and slowing GDP per capita. However, the rate cut may already be priced in, limiting its impact on USD/CAD. Most Read: Weekly Market Outlook: US PCE, GDP, and Earnings Expected to Drive Volatility USD/CAD is back at the top end of the wedge pa

22-07-2024 11:24 GMT by Zain Vawda

Safe Havens Gain Favor Amid Geopolitical Tensions and US Election Uncertainty, Gold Above $2400/oz, DXY Slips

Increased geopolitical tensions in the Middle East and US election uncertainty have caused a rise in safe-haven demand, particularly for Gold. The US Dollar has weakened due to concerns about a potential Kamala Harris presidency and its implications on the economy. Market sentiment is expected to be driven by US election developments and geopolitical issues in the first half of the week.

22-07-2024 04:20 GMT by Zain Vawda

Weekly Market Outlook: US PCE, GDP, and Earnings Expected to Drive Volatility

This week, markets were influenced by trade war fears, US political developments, and a global cyber outage. In Asia, the Japanese yen weakened, and Chinese authorities remained silent on economic goals despite weak data. Next week, US PCE and GDP data, along with Euro Area and UK PMI data, and potential Chinese economic measures will be key drivers of market volatility. The Nasdaq 100's weekly chart shows a potential evening star candlestick pattern, hinting at further downside. Read More: JPY

19-07-2024 11:53 GMT by Zain Vawda

Oil to Snap 3-day Losing Streak on Declining US Stockpiles

Oil prices are rising due to a significant decrease in US oil inventories, exceeding expectations. The CCP's third plenum could impact oil prices depending on its policy decisions. Support and resistance levels are identified. Most Read: S&P 500, Nasdaq 100 Slide as US Threatens Stricter Restrictions on Chinese Trade Oil prices are on the offensive this afternoon following US inventories data. In its weekly survey released on Tuesday, the American Petroleum Institute reported that U.S.

17-07-2024 12:06 GMT by Zain Vawda

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