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.

Mid-Market Update: Stocks drop on tightening and growth fears, Fed speak, Treasury uses special measures, US Data, Oil higher, Gold shines, Bitcoin finds support ahead of $20k

US stocks are declining after another labor market statistic shows that despite all the big-tech post-pandemic layoffs, the jobs market remains hot. The labor market needs to break to allow the Fed to comfortably keep rates on hold.

19-01-2023 11:09 GMT by Edward Moya

Central bank warnings

It's been a solid start to the year for equity markets but that optimism appears to be fading as policymakers queued up in Davos to push back against market interest rate expectations. Let's be clear on this; the markets have a much better record over the last 18 months of anticipating shifts in interest rates than central banks so to some degree these warnings will fall on deaf ears. But then, they come at a time when stocks have had a good run so perhaps it's a case of any excuse to lock in so

19-01-2023 08:38 GMT by Craig Erlam

Recession bound, Yellen restarts talks with China, BOJ, oil higher, gold holds $1900, bitcoin weakens

US stocks declined after traders digested softer economic readings that are starting to raise growth concerns. The ‘bad news is good news’ rally ran out of steam as investors started to realize a recession is coming. US data A swathe of economic data confirmed that disinflation trends clearly remain in place. Recession-bound risks are rising after a larger-than-expected PPI decline, a major downshift in spending, and plunging industrial production. This round of falling PPI pressures comp

18-01-2023 14:30 GMT by Edward Moya

Oil edges upwards, gold pushes higher

Continuing higher Oil prices are a little higher again on Wednesday trading around the peak we saw earlier this month. The optimism that's driving equity markets higher is filtering through to commodity markets as well, with the prospect of stronger growth in the world's two largest economies boosting demand expectations. A move back towards $90 in Brent would take us to levels not seen since early November and suggest traders are feeling much better about the global economic outlook.

18-01-2023 05:57 GMT by Craig Erlam

US Close: A busy Tuesday (China’s GDP, Goldman, Morgan Stanley, Empire, ECB), Commodities mixed, Cryptos soften

US stocks are wavered as traders digest mixed bank earnings, a disheartening Empire manufacturing report, and as Treasuries rally at the front-end of the curve. The Dow’s decline is mostly thanks to Goldman Sachs massive earnings miss. China’s GDP The good outweighs the bad with the outlook for China’s economic future. China’s latest swathe of economic data points provide significant optimism that their reopening momentum could impress throughout the year.

17-01-2023 14:02 GMT by Edward Moya

Oil boosted by China data, gold pares gains

Buoyed by China data Oil prices are a little higher today after paring gains at the start of the week to remain near the highs of the last month, or so. Brent crude has mostly traded between $76 and $86 since early December but the mood appears to have become a little bit more bullish thanks to some promising economic data. The prospect of a soft landing in the US and a shallower economic hit in China from the Covid transition, not to mention a strong rebound, has driven the latest rebound in cr

17-01-2023 07:47 GMT by Craig Erlam

Oil boosted by optimism, gold has momentum

Oil buoyed by economic optimism Oil prices are marginally lower today but have recovered the bulk of their earlier losses. They've been on a good run since getting the year off to a bad start in the opening couple of sessions.

16-01-2023 09:07 GMT by Craig Erlam

Market Insights Podcast (Episode 419)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed inflation drivers, bank earnings, oil markets, Bitcoin's breakout, and the week ahead.

13-01-2023 15:00 GMT by Edward Moya

Mid-Market Update: A busy earnings start, Sentiment Rebounds, Tesla woes remain, Oil’s good week, Gold shines, Crypto breakout?

US stocks were initially softer after the banks delivered a disappointing start to earnings season along with a downbeat outlook for the economy. Stocks are heading lower as Wall Street anticipates earnings will decline significantly and margins will be tested. This is the quarter that companies will announce layoffs and cost-cutting measures as the economy still appears to be recession-bound. Stocks pared losses after consumer sentiment rose to a 9-month high. Plunging gas prices were a k

13-01-2023 11:14 GMT by Edward Moya

Optimism boosts oil and gold

Will economic optimism be spoiled? Oil prices are on the rise again on Friday, buoyed by renewed optimism on interest rates. The fact remains that the first half of the year, at least, will be enormously challenging for the global economy but lower terminal rates and even cuts later in the year will cushion the blow and could see it outperform current expectations.

13-01-2023 07:36 GMT by Craig Erlam

Volatile session after another cool CPI report, Fed’s Harker/Collins support another downshift, Claims suggest labor still too strong, Oil rallies on weaker dollar, Gold tests $1900, Bitcoin nears $18,500

US stocks initially rallied as inflation continues to ease and as Fed members are clearly signaling a smaller tightening pace going forward. The dollar also headed lower as a subdued inflation report should let the Fed slow their hiking pace again. It became clear fairly quickly that stocks would not hold onto initial gains as we will likely remain being data-dependent going forward. The labor market is still hot and much of the relief we saw with energy prices appears to be going away this mon

12-01-2023 10:28 GMT by Edward Moya

Oil prices steady, gold eyes US inflation

Oil steadies as traders grow more optimistic Oil prices have steadied this morning after recovering strongly on Wednesday. Enthusiasm is building in the aftermath of last week's jobs report and a positive inflation reading today could further fuel that.

12-01-2023 04:06 GMT by Craig Erlam

Oil shrugs off massive build, gold awaits CPI data

Oil Energy traders should get used to seeing oil prices head higher. Oil demand is coming back and expectations are high that China’s demand is about to skyrocket.

11-01-2023 14:57 GMT by Edward Moya

Oil and gold jump ahead of inflation report

Buoyed by economic optimism Investor optimism going into tomorrow's US inflation report appears to be feeding through to the oil market, with Brent and WTI both up more than 2% on the day. It will be interesting to see if they can hold onto those gains considering how they've failed to do so over the last four days.

11-01-2023 11:21 GMT by Craig Erlam

Oil higher on demand optimism, gold hovers near highs

Oil Crude prices are higher as economic optimism grows for not just China, but also the eurozone. The oil market is digesting a global slowdown that might not be as bad as feared. Energy traders still believe that OPEC+ will do whatever is needed to keep prices supported and that includes more production cuts this quarter. Oil seems like it wants to waver right now until we get a better handle on China’s Covid surge. As China battles an unprecedented surge in Covid cases, everyone wants to

10-01-2023 11:46 GMT by Edward Moya

Oil in choppy waters, gold holds gains

Demand to pick up later this year It's been a choppy session in the oil market, where Brent is hovering around $80 and WTI $75. We've now seen three sessions on the bounce in which oil prices have rallied before ending the day well off the highs.

10-01-2023 07:01 GMT by Craig Erlam

Oil rallies on China optimism, gold higher

Crude prices are rallying as China’s borders open, refiners get big quotas, and as the dollar slides. Chinese hopes for an improving reopening from Covid could help propel oil prices much higher. Oil’s downward trend was approaching critical support, so energy traders were eagerly looking for any reason to jump back into the oil trade. The macro environment seems like it is improving and that should help keep oil’s rally going. If the soft landing actually happens, oil might trade closer to

09-01-2023 14:21 GMT by Edward Moya

Continuing encouragement

The year got off to a promising start last week, buoyed by a goldilocks jobs report that left investors in a good mood going into another interesting period. Last week's jobs report ticked every box. Jobs growth was good but not too much, participation improved, wage growth moderated and revisions to the November data eradicated any fears that the report initially triggered.

09-01-2023 12:32 GMT by Craig Erlam

Market Insights Podcast (Episode 416)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the US jobs report, energy prices, eurozone inflation data and what to watch out for next week.

06-01-2023 14:39 GMT by Craig Erlam

NFP React: Stocks rise on strong jobs report and slowing wage pressures, ISM Services contract, oil rises, gold higher as Fed hiking job almost done, crypto pares losses

US stocks initially rallied after the NFP report showed the labor market remains strong and as wage price spiral risks are easing. The Fed will stay on their tightening course but risks of more hikes in the Spring are easing as optimism is growing that wage pressures will continue to drop. Stocks are getting a boost here as Fed rate hike bets get slashed, but earnings risks should keep the gains somewhat limited. The focus will shift to next week’s inflation report and traders should not be sur

06-01-2023 10:15 GMT by Edward Moya

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