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.

Opec-Meetings-barrels-flags.jpg
Brent crude - Oil rally accelerates higher after OPEC monthly report
Downside risks to the global economy remain Output restrictions from Saudi Arabia and Russia push oil market further into deficit Oil accelerates higher after brief consolidation Oil prices are creeping higher again on Tuesday, with Brent trading around $92 despite there being a mixed view on the economic outlook. As we heard from the European Commission yesterday, growth in the euro area is going to be relatively minor, with Germany struggling to avoid another recession.
12-09-2023 12:37 GMT by Craig Erlam
MPKW-0010-Podcast-Thumbnail-Dark-1600x1600-1.png
Podcast - China's deflationary pressure eases, further cooling expectations on US inflation may be derailed by rising oil prices
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss the latest China's consumer inflation and factory gate prices for August that have shown signs of easing deflationary pressures as well as the latest indirect monetary policy stimulus where China's financial regulator has allowed more leeway for Chinese insurance firms to invest their surplus cash into the China stock market.  Upcoming ECB's monetary policy decision and US CPI prints for August where higher oil prices in the pas
12-09-2023 03:15 GMT by Kelvin Wong
AdobeStock_110507722-scaled.jpeg
Gold Technical: Bears are stalling again at the 200-day moving average ahead of US CPI and ECB
Last Friday’s price actions of spot Gold (XAU/USD) have managed to find support again at the 200-day moving average ahead of the US CPI data release & ECB monetary policy decision this week. The recent -5.15 % decline seen in Gold from its 20 July 2023 swing high of US$$1,987.53 has started to see some signs of short-term bullish reversal elements since 21 August 2023. The up-trending 10-year US Treasury real yield has also started to consolidate between 1.95% to 2.00% level.
10-09-2023 23:55 GMT by Kelvin Wong
200123-MPEM-0009-Podcast-2.png
Podcast - Bad week for stocks, good week for oil
OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discuss Wall Street's losing week, a robust Canadian jobs report, and oil's bullish trend.  Next week's US inflation data and retail sales report will be key for the Fed's November rate hike expectations.
08-09-2023 14:25 GMT by Edward Moya
AdobeStock_448700018-scaled.jpeg
Week Ahead - US inflation key, ECB ponders rate pause, UK labor market data
This week is all about the US CPI report and retail sales data. If the US demand for goods didn’t weaken that much and if inflation heated up, rate hike expectations for the November meeting might become the consensus.  The inflation report might not be as clear as headline inflation will obviously rise given the surge in gasoline prices, but core might deliver another subdued reading.
08-09-2023 09:57 GMT by Craig Erlam
usa-canada-flags-loonie-usdcad-paint.jpg
USD/CAD eyes key resistance at 1.3700, pares losses on OPEC driven oil price surge
Loonie pares losses alongside oil price surge Oil rises on OPEC+ action, but may remain a choppy trade on global growth concerns and rising Non-OPEC production $100 oil risk will remain on table throughout the winter USD/CAD Daily Chart After having its worst slide in a month, the Canadian dollar continues to weaken as investors digest the surprise Canadian contraction in the second quarter.   BOC rate hike bets are fading away but an outperformance with European currencies could limit the dow
05-09-2023 11:48 GMT by Edward Moya
AdobeStock_333913850-1.jpeg
Brent Crude - Oil steady today but momentum remains with the rally
Brent rally cools after another strong week Tight market continues to support price No sign of technical divergence near $90 in Brent Oil prices are a little flat today after rallying another 5% last week. Brent hit a new high for 2023 in the process and, despite paring earlier gains today, there still appears to be plenty of momentum in the rally. That there is still plenty of momentum so close to $90 a barrel may suggest we could see a strong push to break above which would represent a big sh
04-09-2023 12:46 GMT by Craig Erlam
AdobeStock_581230141-scaled.jpeg
WTI Oil Technical: Risk of countertrend setback after rallying a year-to-date high
Erased prior two weeks of consecutive losing streaks to trade a current year-to-date closing high of US$86.31 per barrel printed on last Friday, 1 September. Price actions are oscillating within short-term and medium-term uptrend phases. Hourly technical indicators (RSI & Bollinger Bands Bandwidth) are suggesting the risk of an imminent minor pull-back in price actions after last week’s strong upside reversal. Watch the key short-term pivotal resistance at US$87.25 per barrel. This is a follow-
03-09-2023 22:27 GMT by Kelvin Wong
AdobeStock_581230141-scaled.jpeg
Brent Crude - Oil edges cautiously higher after mixed Chinese PMIs
Strong run continues Chinese data doesn't hinder the rally Momentum may be key as price approaches August highs Oil prices are nudging higher again today, technically on course for a fifth day of gains in six in Brent - six in a row in WTI - although broadly speaking they're just a little above the middle of what appears to be a newly established range. Brent peaked near $88 a few weeks ago and bottomed around $82 last week as we await more direction on the economy and therefore demand. Data th
31-08-2023 12:29 GMT by Craig Erlam
oil-outline-field-pump.jpg
Brent Crude - Oil steadies but may be vulnerable to fresh spikes
Oil prices stabilize after establishing a new range Hurricane season may have a greater influence amid tight market Head and shoulder neckline remains intact Oil prices appear to be stabilizing around the middle of their new higher range, in the aftermath of OPEC+ cuts (voluntary Russia and Saudi in particular). Brent crude currently sits a little shy of $85 after rebounding higher off $82 last week and peaking just above $88 earlier this month. There remains considerable uncertainty around th
29-08-2023 12:53 GMT by Craig Erlam
oil-crude-dollars-usd-bco-wti.jpg
Brent Crude - Tentative recovery but growth concerns continue to weigh
Investors becoming wary about the economic outlook Supply cuts remain supportive Head and shoulders neckline provides support Oil prices recovered a little toward the back end of the week after coming under some pressure this month. Supply cuts from OPEC+ continue to support the market but uncertainty over the global economic outlook - sluggish recovery in China, possible recession in the US and Europe - are weighing a little.  Recent economic data has not been encouraging and central banks ar
25-08-2023 10:43 GMT by Craig Erlam
canada-map-flag-loonie-dollars-canadian-dollar.jpg
USD/CAD: Little Loonie support from oil; Reversal or Fakeout time?
Dollar supported as 10-year Treasury hits 4.34%, highest levels since financial crisis Oil market to remain tight, but so far offers little help for the loonie Loonie was having biggest intra-day gain since end of July The Canadian dollar has been steadily weakening against the greenback since the middle of July.  The USD/CAD bullish uptrend appears to be facing some resistance as FX traders anticipate both the Fed and BOC are possibly one more rate hike away from being done with tightening. It
21-08-2023 13:24 GMT by Edward Moya
AdobeStock_113312323.jpeg
WTI Oil Technical: Potential bullish reversal to resume medium-term uptrend
The recent decline of -6.8% from its 10 August 2023 high has not damaged the medium-term uptrend phase of WTI oil. Today’s price actions have indicated a revival of a short-term uptrend phase. Watch the key short-term support at US$80.90. This is a follow-up analysis of our prior report, “WTI Oil Technical: Time for a potential short-term pullback” published on 15 August 2023. Click here for a recap. The price actions of West Texas Oil (a proxy of WTI crude oil futures) have indeed shaped the
21-08-2023 08:06 GMT by Kelvin Wong
AdobeStock_178158508-1-scaled.jpeg
Week Ahead - Powell's Jackson Hole Speech will be Must-See TV
The main event for next week will be the Kansas City Fed’s Jackson Hole Symposium.  Fed Chair Powell’s speech will reiterate that more rate hikes might be needed and that rates should stay higher for longer.  With the recent surge with real yields, Fed Chair Powell can acknowledge that policy is restrictive and that future rate cuts could eventually be warranted as long as inflation has been defeated.
18-08-2023 14:30 GMT by Edward Moya
AdobeStock_433957890-e1622826736327.jpeg
Dollar dip might be temporary if US outlook remains robust
Walmart CEO is more optimistic about spending patterns  than he did 3 months ago Dollar's five-day rally halted as yen and yuan rebound Fed could remain in hiking mode if economic resilience prevents inflation from coming down Now that we heard from Walmart, it is clear that the US consumer is still willing to spend. Expectations for robust consumer spending in Q3 have been confirmed and that should keep growth estimates trending higher.  With COVID savings still expected to be used over the ne
17-08-2023 11:53 GMT by Edward Moya
1 … 49 50 51 … 101