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.

NFP React: Stocks higher, Dollar crushed, Oil eyes $100, Gold surges, Bitcoin above $21k

US stocks went on a rollercoaster ride after another strong labor report. Stocks are rallying as Wall Street believes the Fed is on the right to bring inflation down.

04-11-2022 10:46 GMT by Edward Moya

Gold - Another crushing blow

OANDA Senior Market Analyst Craig Erlam discusses the volatility in gold around the November Federal Reserve interest rate decision.

04-11-2022 07:48 GMT by Craig Erlam

Oil prices rise on China, gold

China rumours boost oil prices Oil prices are rallying once more at the end of the week as rumours continue to circulate around China's plans to relax certain Covid restrictions in the first major move away from its zero-Covid policy. Of course, this is pure speculation at the moment and yesterday's denial from the National Health Commission appears to have fallen on deaf ears but that doesn't appear to have stopped oil rallying.

04-11-2022 04:24 GMT by Craig Erlam

Oil slumps on demand outlook, gold hurt

Oil Crude prices are struggling as China stands by its zero-COVID policy and as global central bank tightening is crushing economic activity. Central banks are signaling that tightening is quickly cooling their respective economies, which means the short-term crude demand outlook will probably get slashed. Oil is battling both a weakening global economic outlook and a surging dollar. It seems these bearish drivers won’t be easing up anytime soon and that could mean WTI crude could be vul

03-11-2022 11:39 GMT by Edward Moya

Oil dips lower, gold under pressure

Settling in a range Oil prices are softening a little on Thursday after nudging higher again a day earlier. Brent appears to be settling around the mid-point of the $90-$100 range as traders weigh up the impact of the OPEC+ cut against a bleak global economic outlook. The zero-Covid rumours in recent days may have given oil another bump higher, as will the crude inventory data that showed a large drawdown.

03-11-2022 05:48 GMT by Craig Erlam

Fed React: Stocks volatile on Fed downshift hints, ADP impresses, Maersk and Global Trade, Oil extends rally post-Fed, Gold gains, Bitcoin still above $20k

US stocks initially popped after the Fed provided enough hints that the end of the Fed tightening cycle is nearing. Stocks could not hold up their gains as Fed Chair Powell reminded markets that inflation has been high for 18 months and that it is too early to think about pausing rate hikes.

02-11-2022 15:14 GMT by Edward Moya

Oil steady, gold eyes FOMC

Oil steady after Chinese rumours fuel surge Oil prices are relatively flat, trading with some caution on Wednesday after another decent move higher the day before. The prospect of fewer restrictions in China is certainly a good reason for the move on Tuesday, assuming of course there's any actual truth or substance to it. Broadly speaking though, it continues to trade around the middle of what appears to be the newly established range between $90 and $100, in the case of Brent.

02-11-2022 10:05 GMT by Craig Erlam

Crude rallies on China reopening hopes, gold pares gain after JOLTS data

Oil Crude prices jumped after rumors that China was preparing for a full reopening in March 2023. Oil is looking bullish again as it did a decent job holding onto gains despite a strong reversal with king dollar. Risks to energy supplies remain elevated after reports that Iran was planning an attack on targets that include Saudi Arabia and Northern Iraq. The news was not all bullish for crude prices as the Atlanta Fed GDPNow lowered their GDP forecast from 3.1% to 2.6%.

01-11-2022 14:34 GMT by Edward Moya

Oil steady, gold edges higher

Oil steadies amid bullish OPEC forecasts Oil prices are higher once more on Tuesday, with Brent and WTI up close to 1.5%. Little has changed over the last week on the oil front, with the price appearing to stabilize after a pretty turbulent period. OPEC released its 2022 oil market report on Monday and sees demand continuing to grow in the coming years.

01-11-2022 05:45 GMT by Craig Erlam

Oil lower on demand fears, gold hurt by strong dollar

Oil Crude prices pared losses after energy traders were reminded that while the market might flip to a surplus next quarter, OPEC will keep prices supported. The release of the OPEC 2022 world oil outlook still supports both medium and long-term cases for higher prices.

31-10-2022 13:16 GMT by Edward Moya

Oil eases, gold choppy

Oil eases Oil prices are a little lower today although nothing has dramatically changed in recent weeks as far as the outlook is concerned. The global economy is facing major challenges, even recession, OPEC+ is prepared to make unpopular cuts alongside member Russia, whose war in Ukraine has been a dominant driver of market volatility.

31-10-2022 12:18 GMT by Craig Erlam

Week Ahead - All About the Fed and NFP

Will the fourth 75 basis-point rate hike be the last major rise before the Fed downshifts in December? Next week’s FOMC decision is widely expected to be a unanimous vote for one last major rate increase. With the Fed’s preferred price measure still showing inflation is running hot, that might make it harder for them to set up a possible downshift in its rate-hike pace for the December meeting.

28-10-2022 15:00 GMT by Edward Moya

US Close: tech slump? fuhgeddaboudit, US data cools downshift calls, oil slumps, gold lower on strong dollar, bitcoin hangs above $20k

The tech bloodbath is over and Wall Street still seems to be confident that the Fed is ready to downshift their tightening pace after they deliver a fourth consecutive 75bp rate hike next week. The labor market needs to weaken significantly before the Fed can have a slower pace of tightening.

28-10-2022 14:03 GMT by Edward Moya

Asia Open: Mega-Cap Disappointment, Apple/Amazon Results, Commodities Brief, Cryptos edge lower

Mixed mega-cap tech earnings won’t provide Asia with a boost. A lot went wrong for big-tech today; Apple’s holiday outlook underwhelmed, inflation pain is more noticeable, and unfavorable exchange rates will hurt future sales. The news was not all terrible for Intel shares after posting solid results alongside the announcement of a cost-cutting plan that will save $10 billion by the end of 2028. The key theme across this round of mega-cap results is that an earnings slump is here as inflation

27-10-2022 21:21 GMT by Edward Moya

Super Thursday! Massive earnings day, US GDP, ECB raises rates, FX, crypto momentum stalls

US stocks are struggling for direction after a mixed bag of earnings was accompanied by economic data that supports the idea that the economy is weakening. It looks like the economy is still headed for a recession, but that might reinforce Fed pivot calls which still seems to be driving some inflows back into equities.

27-10-2022 12:28 GMT by Edward Moya

Oil rallies, gold loves falling yields

Oil Oil is mustering up a nice rally as energy traders try to price in a China recovery that will unfold over the next few months. WTI crude has strong support in the mid-$80s as the oil market still remains tight and now that a short-term peak with the dollar is in place.

26-10-2022 14:24 GMT by Edward Moya

US Close- stock rally continues, US manufacturing activity contracts, oil lower, gold steady, Asia in focus, PM Sunak, ethereum gains

US stocks rallied as momentum builds on calls that the Fed will be tapping the tightening brakes after next week’s policy meeting and ahead of mega-cap tech earnings. No one wants to aggressively buy big tech stocks until we hear this week's big earnings from Apple, Alphabet, and Amazon. Investors are getting more confident that inflation will soften as the consumer rethinks massive purchases. Fed rate hike expectations will remain volatile, but expectations are growing that a weaker economy w

24-10-2022 14:41 GMT by Edward Moya

Week Ahead - Big tech earnings eyed

US Wall Street will pay close attention to the first look at third-quarter GDP. After two consecutive quarters of negative readings, growth is expected to bounce back into expansion territory with a 2.3% reading.

21-10-2022 19:24 GMT by Craig Erlam

Oil choppy, gold rally fizzles

Oil choppy as it establishes a new range Another choppy session in oil markets but one in which the price is once again broadly unchanged on the day. Yesterday we saw a decent rally before gains were erased and today we've seen the opposite.

21-10-2022 09:08 GMT by Craig Erlam

Oil rises on SPR, gold gains ground

Oil settling into a range Oil prices are higher on Thursday which comes after President Joe Biden confirmed the release of the final 15 million barrels from the SPR, as part of the 180 million previously agreed, and warned more could follow. That was already priced into the markets though and the price has fallen quite heavily over the last week and a half.

20-10-2022 12:48 GMT by Craig Erlam

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