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.

WTI Oil Technical: Evolving into minor uptrend

Last week’s intra-week loss of -17% has been recovered partially. Positive technical analysis elements sighted; “Morning Star” daily Japanese candlestick. Short-term overbought condition in hourly RSI highlights the risk of a minor pull-back. West Texas Oil Technical Analysis – Minor uptrend intact but risk of a pull-back Fig 1: West Texas Oil trend as of 8 May 2023 (Source: TradingView, click to enlarge chart) The West Texas Oil (a proxy for the WTI crude oil futures) managed to stage a

08-05-2023 06:38 GMT by Kelvin Wong

Volatile session for commodities and cryptos

After falling almost $20, oil rebounds as demand fears ease Gold tumbles from record highs as Fed rate cut bets get pushed back Bitcoin reverses initial NFP dip and follows broader market rally Oil Oil has found a bottom as risk appetite improves as banking turmoil eases and after employment reports from North America showed significant job strength and defied calls of a looming economic slowdown. After falling $19.74 from the April 12th high, WTI crude has formed a clear bottom. The oil fund

05-05-2023 12:39 GMT by Edward Moya

Gold - Nearing record highs after what may be the final Fed hike

Craig Erlam discusses how the latest moves by the Fed have impacted gold and whether record highs may be on the cards.

05-05-2023 09:51 GMT by Craig Erlam

Oil remains volatile, gold eyes nonfarm payrolls

A wild week for oil as economic fears mount amid turbulence in US banks It's not just some regional US banks that have experienced a run recently oil traders have been at it too. The sell-off in March was triggered by the SVB collapse and everything that followed and it was only when OPEC+ stepped in that the price recovered.

05-05-2023 08:05 GMT by Craig Erlam

May the 4th be with you; Regionals need A New Hope

Attack of the oil shorts; Demand outlook slashed as recession risks grow by the day Gold bulls Awaken; Bank contagion fears drive safe-haven flows Bitcoin's regulatory saga; banking jitters unable to fuel larger rally It doesn’t seem like it was a long time ago that we had a full-blown global banking crisis that set Wall Street back for many years. Today, US stocks are falling as bank turmoil is leading to the rapid collapse of PacWest and Western Alliance. Sticky inflation and a slowly coolin

04-05-2023 11:44 GMT by Edward Moya

The Fed is done hiking rates, dollar bears in control, Commodities mixed

Pricing of swaps were volatile during the FOMC decision, settling at a 6.3% for a quarter-point hike at the June 14th meeting Dollar weaker across the board as the yen surges 1.1% Oil crushed as supply and demand indicators remain bearish The Fed’s tenth straight rate hike will likely be the last one in this cycle. The Fed is concerned that tighter credit conditions will weigh on economic activity and hiring, while helping maintain disinflation trends. Credit tightening is about to cripple th

03-05-2023 15:55 GMT by Edward Moya

Podcast - US ISM Services and ADP seal the deal for the Fed's last hike

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart and our new co-host Trader Nick. They discuss the ISM Services report, an impressive private payrolls report, Oil's bearish drivers, and cryptos.

03-05-2023 14:50 GMT by Edward Moya

May Market Preview Video - Fed Decision, US Jobs Report, Banks, Earnings, Oil

OANDA Senior Market Analyst Craig Erlam highlights five things that he believes investors will be closely tracking over the next month.

03-05-2023 13:49 GMT by Craig Erlam

A busy Fed Day morning

Last round of data supports one last 25bp rate rise today Treasury announces buybacks in 2024 WTI crude plunges below as demand fears grow US stocks are slightly higher as the service sector continues to soften, bolstering expectations that the Fed will be ready to pause tightening after delivering one last rate hike. The economy is weakening, the labor market is softening and that seems to be enough to convince a lot of traders that today's quarter-point rate rise to 5.25% will mark the termi

03-05-2023 10:56 GMT by Edward Moya

Oil takes a tumble, gold eyes Fed

Bank woes send oil prices tumbling once more Oil prices have been crushed again over the last 24 hours as US regional bank shares sold off heavily and fuelled fears of a more significant economic downturn this year. The warning signs are there that investors are extremely anxious about the global economic prospects, particularly the US, and the data is slowly catching up which should deter the Fed from hiking today but it in all likelihood won't. The US may be heading for recession and they may

03-05-2023 07:44 GMT by Craig Erlam

Gold and Bitcoin surges on banking concerns, while oil stumbles

Low trading volumes and a deteriorating outlook send oil prices sharply lower Gold surges above $2000 level as banking concerns return Bitcoin still capped by $30,000 level Oil It got ugly a lot faster than any oil trader expected. Energy traders were turning constructive, even last week, the recent oil bear, Citi’s Ed Morse said ‘were close to a bottom in oil prices.’ Oil is in the danger zone as the banking crisis is crippling the short-term outlook for the economy and driving fears that we

02-05-2023 15:40 GMT by Edward Moya

Oil prices stabilize, gold consolidates ahead of FOMC

Were fears of oil deficit premature? Oil prices appear to have stabilized in recent days, not far from the middle of the range they traded within from early December to March. The post-OPEC+ gains have now been wiped out which suggests traders are now of the belief that the economic outlook has deteriorated to the extent that the output cut won't create the deficit that was feared when some were calling for $100 oil.

02-05-2023 09:06 GMT by Craig Erlam

Strong dollar weakens commodities, Cryptos lower as banking drama dies down

Poor PMI data from China drive crude demand concerns Gold struggles as yields surge; 10-year Treasury yield rises 14.4 basis points to 3.566% Bitcoin falls 3.8% to $28,200 Oil The ISM manufacturing report showed prices paid surged to the highest level since July as steel, copper, plastics, aluminum and diesel. The economy appears to be weakening at a slower pace and that should be good news for the crude demand outlook. Crude prices are paring losses on optimism the economy can strengthen now

01-05-2023 14:44 GMT by Edward Moya

Brent Crude - Oil drifting lower once more after OPEC+ cut

Craig Erlam discusses the latest moves in oil in the aftermath of the OPEC+ output cut a few weeks ago.

28-04-2023 19:05 GMT by Craig Erlam

Week Ahead - Brace Yourself (Fed, ECB, NFP, Peak Earnings)

US This week will be extremely busy as we have an FOMC decision, the nonfarm payroll report, peak earnings season, all while Wall Street keeps an eye on the banking industry to see if any news stresses arise. The FOMC meeting is expected to have policymakers deliver one more quarter-point rate rise, possibly leaving the door open for one more. Disinflation trends need to show they are firmly entrenched for the Fed to take their foot off the tightening pedals.

28-04-2023 15:42 GMT by Edward Moya

Oil tries to find a bottom, Gold wavers, Bitcoin softens

US Oil rig counts rise by two to 591 (Gas rigs up 2 to 161) Gold sub $2000 as yields slide, 10-year Treasury yield falls 8.1 bps to 3.439% Bitcoin falls 1% to $29,344 Oil The oil market selloff got out of control. Technical selling was not going to end until they filled the gap made from the OPEC+ production cut announcement earlier this month. The pulse of the US economy is not too bad if you ask the Atlanta Fed and if the US economy comes anywhere close to growing at 1.7% in the second qua

28-04-2023 15:22 GMT by Edward Moya

Stocks rally on earnings and mixed data; Commodities rise

Fed rate hike odds are now once again pricing in a quarter-point rate rise by mid-year Fed's preferred core gauge of prices hit the quickest pace in a year 2-year Treasury yield rises 14.4 basis points to 4.095% US stocks are rallying on strong earnings and on optimism that the economy will gradually soften and bring down inflation. The Fed will be able to move forward with one, perhaps two more rate hikes, but then that should be it.

27-04-2023 14:49 GMT by Edward Moya

Gold has not lost its glitter

Conflicting macro news flow has capped gold in a short-term range-bound movement. 1-year rolling uptrend of gold versus most major fiat currencies remains intact. Lower 10-year US Treasury real yield may provide an impetus for gold bulls. The recent movement in the price of gold has started to falter from its recent 52-week high of US$2,048 per ounce reached on 13 April 2023.

27-04-2023 03:33 GMT by Kelvin Wong

Oil loses OPEC+ gains, Gold rally falters, Cryptos rally on banking woes

Oil tumbles on recessionary fears Gold struggles as yields push higher Bitcoin recaptures $29,000 Oil Crude prices just saw all of its gains from the OPEC+ surprise production cut erased as macro backdrop has become a disaster. Oil has been in freefall over a challenging economic environment, banking jitters, disappointment with China’s reopening, fears of overtightening by the Fed, and on expectation Permian basin production has yet to peak. WTI crude pared losses after a bullish EIA report sh

26-04-2023 15:26 GMT by Edward Moya

Gold and Bitcoin rally as Bank worries return; Oil lower

Oil getting crushed as the demand outlook continues to deteriorate Gold surges as Fed hike bets no longer fully price in a quarter-point rate rise Bitcoin finds some tentative support at the $27,200 level Oil Oil prices slumped as the dollar rallied and crude demand signals remained mostly bearish as Halliburton signaled that customers are clearly motivated to produce more oil and gas. The one positive news for crude was the upbeat outlook from JetBlue on robust demand trends in the second quar

25-04-2023 14:36 GMT by Edward Moya

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