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.

oanda_image_gold.jpg
What's Next for Gold Price - XAU/USD Technical Analysis
Talking Points: Why did gold prices decline sharply? Daily Chart Analysis 4-Hour Chart Analysis What's next for Gold Prices? Why did gold prices decline sharply? Gold Price fell significantly last week after reaching an all-time high of $2150/Oz, the price fell to $2020/Oz within a day which left many traders stunned and unable to comprehend what has happened, and the more difficult question remains unanswered, what's next for Gold Prices? Over the past few weeks/months, inflation has been
07-12-2023 06:47 GMT by Moheb Hanna
AdobeStock_110507722-scaled.jpeg
Gold Technical: Medium-term uptrend remains intact but risk of minor pull-back
Today’s early Asian session's swift rally to a fresh all-time high is likely to be driven by a thin liquidity trading environment rather than the Israel-Hamas geopolitical war risk premium. Spot Gold’s portfolio hedging role may gain traction as global recession risk resurfaces. Medium-term uptrend phase remains intact but may shape a minor pull-back below US$2,152 key short-term pivotal resistance with immediate supports at US$2,032/2,018. This is a follow-up analysis of our prior report, “Gol
04-12-2023 00:59 GMT by Kelvin Wong
Oil-pipe-line-valve-opec-supply-agreement.jpg
Brent Crude - Oil volatile near lows after OPEC+ "deal"
OPEC+ unofficially agree to 2.2 million barrel per day cut Full compliance with cuts already looks unlikely Brent continues to consolidate near recent lows Oil prices remain quite volatile but more importantly, not too far from their recent lows after traders judged yesterday's announcement from OPEC+ with some skepticism.
01-12-2023 17:16 GMT by Craig Erlam
AdobeStock_581230141-scaled.jpeg
WTI Oil Technical: Positive elements intact ex-post OPEC+
Earlier rally in WTI crude oil fizzled out ex-post OPEC+ meeting due to uncertainty over 2024 oil supply cut commitments from members. The strongest commitment came from Saudi Arabia where it will extend its its voluntary 1 million barrels per day supply through Q1 2024 while Angola has decided to go against its newly reduced supply target. Technical analysis suggests several positive elements in WTI crude oil despite the uncertainty over the demand and supply dynamics of the oil market. Watch t
01-12-2023 00:55 GMT by Kelvin Wong
MKPW-0020-Podcast-Thumbnail-Dark-–-1600x1600-1.png
Podcast - Inflation watch in US, Eurozone and AU. Volatile oil prices ahead of OPEC+
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data releases that centered on inflation with the Fed-preferred PCE gauge for October out on this Thursday, 30 November together with Eurozone flash CPI for November. On Wednesday, 29 November, Australia will release its monthly CPI indicator for October, where market participants are likely to keep a close watch as new RBA Governor Bullock has a more hawkish vibe than her predecessor, her recent speech
27-11-2023 21:25 GMT by Kelvin Wong
AdobeStock_576187131-scaled.jpeg
Brent Crude - Oil price choppy ahead of Thursday's OPEC+ meeting
OPEC+ decision made bigger by four-day delay Global economic outlook to impact the group's cuts? Brent consolidating near recent lows The OPEC+ meeting will be this week's most impactful event in oil markets. Not just because any decision could have direct consequences for price and therefore inflation but also due to the meeting already being pushed back by four days, so there's clearly some disagreement within the alliance.
27-11-2023 12:21 GMT by Craig Erlam
AdobeStock_241169904.jpeg
EUR/USD slips on ECB warning, PMIs next
ECB financial stability review warns of stress Fed minutes point to rates remaining restrictive The euro is in negative territory on Wednesday. In the North American session, EUR/USD is trading at 1.0864, down 0.42%. ECB says banks showing stress The ECB released its semi-annual financial stability review earlier today and warned of stress in financial stability in the eurozone.
22-11-2023 12:17 GMT by Kenneth Fisher
AdobeStock_588794145-1-scaled-e1703085609492.jpeg
WTI Oil Technical: Recent plunge seems to have found a floor ahead of OPEC+
The 7-week decline of -23% in WTI crude oil has started to stabilize in the last two days. The recent rebound of +8% from last Friday, 17 November low has been driven by anticipation of an extension of oil supply cuts into 2024 by OPEC+. Watch the US$75.60 key short-term support in WTI crude oil. In the past four weeks, oil prices have been hammered to the downside due to waning external global demand as the past year of tight monetary policies enacted by developed nations’ central banks (excep
22-11-2023 04:39 GMT by Kelvin Wong
AdobeStock_50209181-1.jpeg
Gold Technical: Potential multi-week bullish movement kickstarts
Spot Gold (XAU/USD) minor corrective pull-back of -3.8% from the 27 October 2023 high to 13 November 2023 low may have ended. Potential start of another multi-week bullish up move for Spot Gold (XAU/USD). A further slide in the 10-year US Treasury real yield supports a bullish narrative for Gold. Watch the key short-term support at US$1,972. This is a follow-up analysis of our prior report, “Gold Technical: At the risk of further corrective decline before potential recovery” published on 9 Nove
21-11-2023 00:01 GMT by Kelvin Wong
AdobeStock_581230141-scaled.jpeg
WTI Crude - Will oil prices encourage Russia and Saudi Arabia to extend cuts?
Growth concerns weigh on demand expectations OPEC+ meeting later this month eyed for further cuts WTI hits lowest level since July Oil prices have been trending lower again in recent days after rebounding on Tuesday, around the October lows in the case of WTI. There are clearly concerns around demand going into next year, particularly around China, which OPEC this week sought to relieve, to no avail.
16-11-2023 12:39 GMT by Craig Erlam
AdobeStock_258281978-1-scaled.jpeg
Gold Technical: At the risk of further corrective decline before potential recovery
Gold’s stagflation hedge purpose has been negated after a rotation back into long-duration risk assets/equities. Watch the US$1,972 key short-term resistance on spot Gold (XAU/USD) to maintain on-going corrective decline structure. Medium-term uptrend remains intact as long as US$1,903 support holds. In the past two weeks, the price actions of Spot Gold (XAU/USD) have started to lose some of their glitter as a safe haven play due to the “status quo” situation in the ongoing Israel-Hamas conflic
09-11-2023 02:17 GMT by Kelvin Wong
1 … 29 30 31 … 84