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.

US Close: King Dollar returns, Hawkish Powell sinks risk appetite, Oil and gold punished, Bitcoin nears lower boundaries

Fed Chair Powell killed risk appetite with a hawkish first day on Capitol Hill. Powell said that the Fed will likely need to raise interest rates more than expected due to the recent strong data and is prepared to move in larger steps if the "totality" of incoming information suggests more needs to be done to bring down inflation. US stocks did not stand a chance after Fed Chair Powell convinced markets that policymakers are comfortable taking this rate hiking campaign much higher.

07-03-2023 15:28 GMT by Edward Moya

US Open: Stocks waver ahead of Powell, Biden eyes higher taxes, RBA almost done hiking, EUR supported on rising ECB bets, Oil and gold await Fed, Bitcoin softens

US stocks are slightly higher ahead of Fed Chair Powell’s Congressional testimony. Everyone is expecting Fed Chair Powell to deliver his best hits of ‘we have more work to do’ and ‘higher for longer’. Powell might not commit how much higher rates will go, but he will keep the door open for the Fed’s dot plots to move higher. Lawmakers will argue that we don’t need to see a recession to bring inflation back to target. Powell will likely signal that Americans could see economic pain later this

07-03-2023 07:46 GMT by Edward Moya

Oil pushing higher, gold awaits Powell

Pushing the highs Oil prices rebounded again on Monday, the second day in a row that they've reversed sizeable early losses to end the day in positive territory. They're now on a good run and traders were clearly not deterred by China's modest growth target for long.

07-03-2023 03:39 GMT by Craig Erlam

US Close: Stocks higher on hopes the Fed is almost done, Oil higher, Gold awaits Powell, Crypto little changed

US stocks rallied as optimism grew for the end of the Fed’s rate hiking campaign. It looks like traders are now between two or three more quarter-point rate rises and that is good news for risky assets. This is likely the most important week of the year as we will find out the short-term trajectory for both the world’s two largest economies.

06-03-2023 13:46 GMT by Edward Moya

Oil dips on China, gold eyes Powell

Oil slips on modest Chinese growth target It's not been a great day for commodities as a whole and that includes oil, which is down a little over 1% on the day. One big upside risk for oil prices this year was a strong, stimulus-driven, rebound in China and it would appear that isn't going to happen.

06-03-2023 09:24 GMT by Craig Erlam

Gold - A big week ahead

OANDA Senior Market Analyst Craig Erlam talks about how gold is trading ahead of a big week for the US.

03-03-2023 19:26 GMT by Craig Erlam

March monthly preview

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

03-03-2023 19:09 GMT by Craig Erlam

Market Insights Podcast (Episode 439)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed the market reaction after the US ISM Service Index and the latest round of Fed speak, oil volatility after the UAE refutes speculation about considering leaving OPEC, cryptos, and the week ahead.

03-03-2023 15:00 GMT by Edward Moya

US Close: Stocks rally on peak hopes, UAE OPEC drama sends prices on a rollercoaster ride, Gold shines, Crypto struggles on Silvergate woes

US stocks rallied after another impressive ISM services index suggests that part of the economy remains healthy and as Treasuries rally after the Fed’s monetary policy report said “high inflation is not becoming entrenched.” Wall Street has had a lot of Fed speak to digest over the past week, but it seems clear that traders believe we are very close to the peak despite all these signs of a resilient economy.

03-03-2023 14:07 GMT by Edward Moya

Oil range trading, gold rebounds

Back in the middle of the range A decent week for oil prices comes to an end slightly in the red, perhaps a sign of some profit-taking kicking in. Prices have fluctuated in a range for months now and the current price sits more-or-less in the middle of that range.

03-03-2023 08:44 GMT by Craig Erlam

Stocks slide after labor market data reignites bond market selloff, Jobless claims don't want to rise, Oil choppy but higher on China, Gold struggles, Bitcoin anchored

US stocks are under pressure after another round of economic data suggest central bank tightening by both the Fed and ECB might have to be more aggressive. The bond market selloff returned after EU core price inflation hit fresh record highs and US jobless claims edged lower and as labor costs surged. The 10-year Treasury yield is surging, up 6.7bps to 4.058%, while the 30-year rose above 4.00% for the first time since November. The 2-year Treasury yield is 4.4 bps higher to 4.923% and seems

02-03-2023 09:55 GMT by Edward Moya

Mid-Market: Prepare for March Mayhem, ISM data sends 10-year tentatively to 4%, Stocks tumble as Fed signal higher rates, China's robust PMIs, Hot German inflation, AUD GDP, Oil volatile post US data and EIA report, Gold pares gains as yields surge

US stocks are falling after the ISM manufacturing report posted a modest rise that still remains in contraction territory, but prices paid came in hotter, which signals rising costs are coming. The argument for more rate hikes is elevated as material costs appear poised to rise and as the Fed has yet to see a true demand slowdown.

01-03-2023 14:31 GMT by Edward Moya

China PMIs boost oil, gold creeps higher

PMIs a big positive for oil It's not just equities that have been lifted by Chinese PMIs, oil is also rallying today on the prospect of a stronger Chinese recovery and resilient global demand. While this was just one survey, the breakdown of the surveys was undoubtedly encouraging and that's lifting Brent and WTI in early trade. All we need to see now are signs of cooling price pressures and perhaps less heat in the labour market in order for crude to potentially break higher.

01-03-2023 03:59 GMT by Craig Erlam

Oil in choppy waters, gold under pressure

Choppy trade ahead? Oil prices remain very choppy with gains today largely offsetting losses at the start of the week. We may have to wait for more hard-hitting economic data next week before we see the upper or lower ranges tested as the uncertainty appears to be preventing a serious move in either direction. Should the January data prove to be a blip, it could put pressure on the upper end of the range as longer-term economic prospects improve, while another month of hot data could necessitate

28-02-2023 03:54 GMT by Craig Erlam

Bouncing back

Equity markets ended last week on a negative note but they're bouncing back once more in trade on Monday. Interest rate fears are front and centre, following a terrible month of data from the US in January, as far as the Fed is concerned at least. That was further compounded on Friday by the PCE, income, and spending data which didn't come as a major surprise given what preceded it but it didn't offer any relief either. Thankfully, January is likely to be an anomaly month driven by unseasonably

27-02-2023 11:20 GMT by Craig Erlam

WTI Crude - Consolidates amid growth uncertainty

OANDA Senior Market Analyst Craig Erlam discusses the consolidation in crude oil and what is driving it.

24-02-2023 12:10 GMT by Craig Erlam

US Open: The Fed’s Inflation Problem, Rate hikes now priced in for next 3 meetings, Hawkish Fed speak, Oil and Gold crushed as dollar soars on rising rate hike bets, Crypto weakens

US stocks are selling off after the Fed’s preferred inflation reading comes in scorching hot, prompting bets that they will hike rates over the next three meetings. Some traders are also worried that they may need to take rates well above 6.00%. This morning is not just about PCE inflation, but also the consumer.

24-02-2023 10:38 GMT by Edward Moya

Reality kicking in

It's been a strange week in financial markets, one in which we've learned relatively little but reality appears to be slowly catching up on some. I say that as someone that doesn't think things will be as bad as they currently seem on interest rates and the economy but equally is of the belief that markets should at least reflect the risk of it being so. We are seeing that in some corners of the market but equity markets - and cryptos for that matter - have been reluctant to be discouraged. They

24-02-2023 08:48 GMT by Craig Erlam

Mid-Market Update: Strong start fizzled out on Fed worries, Nvidia impresses, Claims suggest labor market is not ready to loosen, Crude rallies post EIA report, Gold weakens, Bitcoin wavers

US stocks initially rallied as traders become confident the Fed’s rate hiking campaign will be over after two or three more rate hikes. Stocks were also getting a boost after Nvidia delivered a robust outlook.

23-02-2023 13:37 GMT by Edward Moya

Oil consolidating, gold drops after FOMC

Glacial consolidation Oil markets are continuing to consolidate, albeit at a glacial pace, and today we're seeing prices creep higher just as they near the lows from earlier this month. While traders remain optimistic about China, they have become less so about the global economy as more and more rate hikes have been priced in. If one of those narratives changes, or we see a significant shift in another driving force in the oil markets - Russia, OPEC+, etc - then we could see prices break out of

23-02-2023 04:31 GMT by Craig Erlam

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