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 - ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus

Market expectations for a Federal Reserve rate cut decreased following mixed US data signals. The European Central Bank's interest rate decision is a key event, with a 25 bps cut highly anticipated. The week ahead features CPI releases from several countries, including China and New Zealand, while US earnings season gathers pace with major banks reporting. Can the S&P 500 rally continue? Technical breakdown provided.

11-10-2024 13:34 GMT by Zain Vawda

Gold (XAU/USD) Prices Hold Above $2600/oz.. Will US CPI Lead a Recovery in Price?

Gold prices are consolidating above $2600/oz, supported by uncertainty in the Middle East. Upcoming US CPI data will impact gold prices, with a softer print potentially boosting gold and a higher print strengthening the USD. Technically, gold is rangebound, with immediate resistance at 2624 and support at 2600. The geopolitical situation and CPI data will likely provide short-term clarity.

10-10-2024 08:23 GMT by Zain Vawda

Gold (XAU/USD) Heads Toward $2600/oz Ahead of FOMC Minutes and US CPI

Gold prices fell in the US session after a positive European session, influenced by renewed US Dollar strength and concerns about China's economic slowdown. Despite the pullback, ETF demand for gold remains strong, and geopolitical risks in the Middle East persist, suggesting buying pressure remains. From a technical analysis perspective, gold has broken out of a recent range, and further support and resistance levels are identified.

08-10-2024 13:31 GMT by Zain Vawda

Brent Crude - Oil Eyes $80 a Barrel as Geopolitical Concerns Linger, Libya Production Returns

Oil prices are rising due to geopolitical tensions in the Middle East, particularly the potential for an Israeli attack on Iranian oil facilities. Despite increased Libyan oil production, prices continue to climb, indicating market sensitivity to potential supply disruptions. Experts predict that Brent crude could reach $90 or even $100 per barrel if Iranian oil exports are disrupted.

07-10-2024 10:45 GMT by Zain Vawda

Markets Weekly Outlook - Jobs Report May Lead to Cautious Fed, US CPI Next

Strong US jobs report shifts Fed rate cut expectations from 50 bps to 25 bps. Geopolitical tensions in the Middle East drive up oil prices and safe-haven assets. Upcoming US inflation data and RBNZ rate decision in focus for the week ahead. Oil prices surge on Middle East tensions, with key support and resistance levels identified.

04-10-2024 16:26 GMT by Zain Vawda

NFP Preview - US Jobs Report and Potential Impact on the S&P 500

US Non-Farm Payroll (NFP) data release is highly anticipated amidst shifting expectations of a Fed rate cut. Market predictions for the NFP report vary, with analysts split on expected figures. S&P 500 technical analysis reveals a bullish triangle pattern, will the bulls finish the week strong?

04-10-2024 05:54 GMT by Zain Vawda

WTI Oil: Rising geopolitical risk premiums and China stimulus may have created a medium-term floor at US$67.55-65.70/barrel

The recent sell-off of 18% in WTI crude oil since August has stalled. An increase in hostilities in the Middle East and impending fiscal stimulus measures from China are likely to trigger a medium-term trend change in oil prices. Technical factors suggest a further potential rebound in WTI crude oil towards the next medium-term resistance zone at US$78.30/80.30. This is a follow-up analysis of our prior report “WTI Oil: At the risk of a further drop to retest major range support of US$73.15-71.

03-10-2024 07:54 GMT by Kelvin Wong

Brent Crude - Oil Slides 2% in European Trade Before a Recovery, OPEC+ Meeting Next

Oil prices fell by 2.4% in early European trade, possibly due to demand concerns and rebalancing. Concerns about China's economic recovery and the possibility of increased Libyan oil production are also weighing on oil prices. From a technical perspective, the H4 chart showing RSI divergence. Higher prices ahead?

01-10-2024 08:28 GMT by Zain Vawda

Gold (XAU/USD) Prices Slide as Q3 Draws to a Close

Gold prices fell due to a stronger dollar and end-of-quarter flows, despite being on track for the best quarter since Q1 2016. The market is awaiting US jobs data on Friday, which could impact rate cut expectations and the US dollar. Gold remains extremely overbought at present, will the NFP report inspire a deeper correction?

30-09-2024 11:01 GMT by Zain Vawda

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

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