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.

Market Insights Podcast (Episode 433)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed the return of the bond bears following a wave of hawkish Fed speak, oil's weekly loss, crypto markets, and the week ahead.

17-02-2023 16:13 GMT by Edward Moya

Oil slides, gold under pressure

Oil slides but remains in range We’re continuing to see oil prices fluctuate, although recent choppiness has occurred largely near the upper end of their range since early December. Brent and WTI are on the decline on Friday, matching up with overall risk appetite in the markets but broadly speaking, little has changed. One major upside risk to prices remains China and its recovery from the transition to living with Covid.

17-02-2023 08:24 GMT by Craig Erlam

US Close: Stocks lower post hot PPI report and hawkish Fed speak, Fed's Mester saw case for 50 bp rise, Oil edges higher, Gold rebounds after six-week low, Bitcoin rises

A hot PPI report and unexpected initial jobless claims decline sent stocks lower as investors started to price in more Fed tightening. This week was a rude awakening for the disinflation process.

16-02-2023 14:28 GMT by Edward Moya

Sustained belief

Equity markets are poised to open in the green once more on Thursday, continuing what has been a rather strange week of trade so far. We've seemingly gone from euphoria at the start of the year on the back of some really encouraging economic data to turning a blind eye to it when it suits. It's all really quite odd, especially when other corners of the market are behaving in a more orthodox manner, which begs the question, what do equity (and crypto) traders know that the rest of us do not? In t

16-02-2023 03:54 GMT by Craig Erlam

Mid-Market Update: US stocks drop after impressive retail sales data supports the Fed’s hawkish case for more hikes, January shopping spree, Empire improves, Massive stockpile build sinks oil, Gold weakens, Crypto wavers

US stocks softened after an upside surprise with retail sales supports the idea that the Fed can remain very aggressive with fighting inflation. The US economy is looking like it will have a solid first quarter and recession doubts are getting some vindication here.

15-02-2023 11:03 GMT by Edward Moya

Oil range-trading, gold slips lower

Large inventory build weighs Oil prices are a little lower again today but remain broadly within the same range they've traded in over the last couple of months. China has been a very bullish development for crude oil but the global economy as a whole is much more uncertain.

15-02-2023 04:21 GMT by Craig Erlam

Mid-Market Update: Disinflation Danger, Wild market swings post Inflation report, Oil lower as SPR to get tapped again, Gold softer, Modest rise for Bitcoin

US stocks went on an inflation rollercoaster after a mostly in-line report saw extreme volatility. The knee-jerk reaction to the January CPI figures was dollar strength as yields surged following the slight deceleration with pricing pressures from a year ago. Big declines with used cars and airfares were countered with strong increases with apparel and medical care. The Fed won’t be changing their message, which means Wall Street is still confident that we could see just two more quarter-point

14-02-2023 12:04 GMT by Edward Moya

Oil loses ground, gold eyes inflation

Paring gains Oil prices are falling again on Tuesday after initially recouping losses at the start of the week. While traders remain very optimistic about China and to a lesser extent, the resilience of the global economy this year, the fact remains that it won't be a smooth process, and that has already been evident in the economic data in the opening weeks of 2023. It will be interesting to see how oil prices respond to today's US inflation data as interest rates are now at a point where every

14-02-2023 07:38 GMT by Craig Erlam

Oil edges lower, gold eyes inflation report

Profit-taking ahead of CPI data Oil prices are a little lower at the beginning of the week. Last week saw them bounce back strongly on optimism around China's economic recovery, post Covid transition.

13-02-2023 12:26 GMT by Craig Erlam

US Open: Stocks edge higher, Standard hawkish speak from Fed’s Bowman, Oil drops on demand risks, Gold vulnerable, Crypto lower

US stocks are rising as traders digest more balloon incidents and ahead of a key inflation that might tilt the Fed rate hiking scale. The initial move to start the week is higher, but traders might struggle to remain excessively bullish before tomorrow’s inflation data. Pricing pressures are expected to rise last month and we should not be surprised if the Valentine's day inflation report is very hot as used car prices and energy costs clearly rebounded last month. Risky assets could struggle

13-02-2023 10:22 GMT by Edward Moya

Stocks lower as rates rise, JPY pops on BOJ Gov nominee, Russia to cut oil output, Gold lower, Bitcoin breaks below $22k

US stocks are weakened as mounting inflation risks continue to drive Fed rate hike bets. The Nasdaq is getting hit the hardest as yields are moving higher again.

10-02-2023 12:32 GMT by Edward Moya

China boosts oil, gold edges higher

Stronger China buoys oil Oil is heading for a strong week of gains, wiping out last week's losses, as analysts continue to be encouraged by China's transition to living with Covid. While the buzzword for large parts of the global economy this year is "resilience", when it comes to China it's more a question of just how strongly it will bounce back. The assumption, once they began removing restrictions, was that the first quarter or two would be tough but the second half of the year would see gro

10-02-2023 07:21 GMT by Craig Erlam

Gold - Rocked by interest rate uncertainty

OANDA Senior Market Analyst Craig Erlam discusses whether gold has fallen into a correction following the US jobs report.

09-02-2023 17:31 GMT by Craig Erlam

Mid-Market Update: Stocks fade cooling German inflation report as bets on more Fed rate hikes grow, Fed's Barkin, Disney's restructuring plan, Oil lower on growth concerns, Gold softer, Crypto declines, Kraken in focus

This market doesn’t make any sense right now. Inflation most likely won’t get conquered if the economy doesn’t break.

09-02-2023 12:35 GMT by Edward Moya

Oil pares gains, gold softens

Oil Crude prices are higher on optimism the global economic outlook won’t get crushed from over-tightening by central banks. The oil market will likely remain balanced over the short-term, but the risks are clearly to the upside.

08-02-2023 12:29 GMT by Edward Moya

Oil heads higher, gold gets relief from Powell

China to drive stronger demand China may well be the outlier in all of this as there has been no need for excessive monetary tightening and rather, the slowdown in growth is almost certainly behind it. In fact, the transition from zero-Covid to living with it is reportedly going very smoothly which could boost the economy earlier and by more than expected, leading to higher growth forecasts for 2023. While that could support the global economy through a difficult period, it may also worsen the i

08-02-2023 03:54 GMT by Craig Erlam

Stocks go on a Powell Rollercoaster Ride, Fed's Missed Opportunity, Oil rises, Gold volatile, Bitcoin higher

US stocks initially rallied after Fed Chair Powell didn’t take anything back from last week’s dovish FOMC press conference. Powell’s talk with David Rubenstein didn’t reveal anything new, but it will probably go down as a missed opportunity as he could have pushed back on what the market is pricing in.

07-02-2023 14:38 GMT by Edward Moya

Oil remains rangebound, gold finds support

Still rangebound Oil prices are bouncing back again today, continuing their better start to the week. The apparent success of China's transition from zero-Covid to living with it owes a lot to the rebound we're seeing as a strong recovery will naturally drive much higher demand and competition. That said, markets have been basically range-bound since early December - albeit in a wide range - and the latest recovery simply takes the price back into the middle of that range.

07-02-2023 07:34 GMT by Craig Erlam

Market Insights Podcast (Episode 428)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the nervy start to the week, the RBA rate hike, oil, and the day ahead.

07-02-2023 05:00 GMT by Craig Erlam

US Close: Stocks lower on earnings and geopolitical risks, Dollar strength, Oil rises on demand hopes, Gold crushed, Bitcoin steadies

US stocks are declining on poor earnings and mounting geopolitical risks that will likely make it harder for disinflation trends to remain strong. Earnings season may also get the name layoff season as more companies announce their job reduction measures. Today, Dell confirmed they will lose about 6,650 jobs. Much of Wall Street is getting nervous over US-China tensions. A few months ago, China was not investable.

06-02-2023 15:22 GMT by Edward Moya

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