OANDA Group
CFXS
Newsletter
Open hamburger menu

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.

MarketPulse-Landscape-Post-Templates-1.jpg
Market Insights Podcast - Volatile oil prices ex-post OPEC+, ECB and US NFP on the radar for this week
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, OPEC+ members did not extend the voluntary cuts of 2.2 million bpd till end of 2024 but instead only until Q3 2024, oil prices reacted negatively due to incoming influx of more supplies after September 2024. Secondly, market participants have likely fully priced in a 25 bps cut for this coming Thursday, 6 June ECB monetary policy meeting.
04-06-2024 00:19 GMT by Kelvin Wong
AdobeStock_113312323.jpeg
WTI Oil: On track for a potential recovery after 2-month of 12% decline
Recent additional stimulus measures from China, a reduction in elevated net long positioning from large futures speculators & an uptick in geopolitical risk premium may support higher oil prices. Watch the key medium-term support of US$78.40/US$76.60 on WTI crude oil. A break above US$81.70 may trigger a multi-week bullish impulsive upmove in WTI crude oil. This is a follow-up analysis of our prior report, “WTI Oil Technical: Approaching a key medium-term resistance, at risk of a mean reversion
29-05-2024 05:01 GMT by Kelvin Wong
MarketPulse-Podcast-Image_Kelvin_20-May-2024.jpg
Market Insights Podcast - Gold hit another fresh record high, UK and Japan CPI, Fed minutes on the radar for this week
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, at the start of a brand new week, Gold (XAU/USD)  maintained its bullish tone and rocketed to a fresh record on Monday, 20 May, printing an intraday high of US$2,450 on the backdrop of a potential uptick in geopolitical risk premium arising in the Middle East due to the death of Iranian President Raisi in a helicopter crash.
20-05-2024 22:05 GMT by Kelvin Wong
AdobeStock_50209181-1.jpeg
Gold Technical: Stagflation risk and a softer US 10-year Treasury real yield are supporting the bulls
Stagflation risk has led to a softer US 10-year Treasury real yield below 2.38%. The 6% decline of Gold (XAU/USD) from its recent all-time high in April may have reached an inflection point to kickstart another potential medium-term impulsive bullish sequence. Watch the key short-term support of US$2,327 on Gold (XAU/USD). This is a follow-up analysis of our prior report, “Gold Technical: A floor may have been formed for the bulls” published on 6 May 2024.
15-05-2024 06:36 GMT by Kelvin Wong
AdobeStock_233325025.jpeg
Gold Technical: A floor may have been formed for the bulls
Stagflation risk is still lingering as indicated by the latest April US ISM Manufacturing and Services PMI data. A not fully priced-in stagflation risk scenario may support another bullish impulsive upmove sequence for Gold (XAU/USD). Watch the key medium-term pivotal zone of US$2,260/2,210 for Gold (XAU/USD). This is a follow-up analysis of our prior report, “Gold Technical: Is the bull run over after its worst daily decline in 2 years?” published on 24 April 2024. Click here for a recap.
06-05-2024 04:46 GMT by Kelvin Wong
MarketPulse-Podcast-Image_Kelvin_8-Apr-2024.jpg
Market Insights Podcast - Higher for longer interest rates back in vogue, US CPI, ECB and Q1 US banks earnings on the radar
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, a quick recap on what happened last week week where the initial Fed dovish pivot narrative has been watered down due to a hawkish Fed Speak from Minneapolis Fed President Kashkari that suggested interest rate cuts may not be needed in 2024 coupled with a red-hot US non-farm payroll jobs data for March.
08-04-2024 21:27 GMT by Kelvin Wong
AdobeStock_311952238.jpeg
SPX 500: Fed dovish pivot narrative is at risk
Higher oil prices have led to higher inflationary expectations in the US via the breakeven rates. Recent rise in inflationary expectations coupled with recent “less dovish” Fed Speak from Fed officials Kashkari, and Bostic has revived the “higher for longer” interest rates environment. Higher commodities prices led by oil may see an uptick in US CPI data.
08-04-2024 04:13 GMT by Kelvin Wong
AdobeStock_50209209.jpeg
Gold Technical: A potential minor corrective pull-back in play as FOMC looms
Gold (XAU/USD) has traded in a tight range of 2% in the past two weeks after it printed a fresh all-time high of US$2,195 on 8 March. The biggest risk event for today will be the latest Fed FOMC’s dot plot projection on the trajectory of its Fed funds rate; a reduction to two cuts from three cuts for 2024 cannot be ruled out. Technical analysis suggests potential short-term weakness in Gold (XAU/USD). Watch the key short-term resistance at US$2,180 on Gold (XAU/USD).
20-03-2024 06:52 GMT by Kelvin Wong
AdobeStock_233325025.jpeg
Gold Technical: On the cusp of a potential major bullish breakout
Gold Technical: On the cusp of a potential major bullish breakout Gold (XAU/USD) recorded its highest weekly gain of 2.33% year-to-date on 1 March 2024, and its best weekly return seen in the past three months. Positive technical elements and a softer real US 10-year Treasury yield below 2.15% support a potential major bullish breakout scenario for Gold (XAU/USD). Gold (XAU/USD) potential bullish breakout trigger level stands at US$2,090.
04-03-2024 00:54 GMT by Kelvin Wong
Oil-Refinery.jpg
Brent Crude - Oil gives back gains after inventory data
EIA reported inventories rose by 12 million barrels last week Volatility remains amid uncertainty Inverse head and shoulders forms Oil prices remain very volatile and last week's unexpected and substantial inventory build, reported by EIA, further added to that. The price fell sharply after the data and continued earlier today before recouping those losses to trade flat on the session.
15-02-2024 08:33 GMT by Craig Erlam
AdobeStock_311952238.jpeg
US stock market bulls are facing a reality check (3 ominous signs to watch)
Goods-based inflationary pressures in the US may resurface in H2 2024 due to leading bullish momentum built-up in commodities. Persistent low correlation readings among S&P 500 constituents may trigger a spike in the VIX. The leading Nasdaq 100 has displayed bearish reversal elements. The US stock market continued to hit another milestone last week when the benchmark S&P 500 recorded 14 weekly gains in the past 15 weeks as of 9 February 2024, its longest winning streak since 1972. Overall, am
14-02-2024 07:15 GMT by Kelvin Wong
AdobeStock_242932830.jpeg
Gold - Falls below $2,000 after resilient display this year
US inflation report hits gold Fewer Fed rate cuts priced into markets A loss of major technical support US inflation data finally took its toll on gold which, after holding strong above $2,000 this year, finally crumbled under the pressure of higher rates. How much worse it gets for the yellow metal will ultimately depend on how bad the data gets but, under the circumstances, we're certainly back in a "good news is bad news" scenario ahead of the retail sales data.
13-02-2024 13:26 GMT by Craig Erlam
china-stock-market-equities.jpg
A modest silver lining for China and Hong Kong stock markets
China's CPI continued to deflate in January to -0.8% y/y from -0.3% y/y in December 2023 while the pace of contraction has slowed slightly in PPI (factory gate prices) to -2.5% y/y from -2.7% y/y in December. The spread of PPI over CPI has widened which in turn may see a turnaround in the current negative profitability growth rate of China’s industrial enterprises. Technical analysis suggests the minor countertrend rally in the Hang Seng Index may extend.
08-02-2024 01:50 GMT by Kelvin Wong
1 … 27 28 29 … 84