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.

Stocks rally on Fed aftermath and Meta results, ECB plays catch up, oil in no man’s land, gold lower, bitcoin rallies

US stocks are rallying as the Fed has one or two more quarter-point rate rises left in this rate-hiking cycle. The post-Fed playbook was fairly straightforward as traders bought up risky assets after Fed Chair Powell’s dovish tone.

02-02-2023 15:30 GMT by Edward Moya

Fed and earnings lift stocks

Equity markets are off to a strong start on Thursday, buoyed it seems by the Fed's latest decision and Meta earnings. While Powell was determined not to overplay the shift in the Fed's views on inflation and interest rates, certain comments were well received by the markets. The acceptance that the disinflation process has begun, being one obvious comment, but this was also paired with him stressing that they need substantially more evidence and to hike a couple more times before monetary policy

02-02-2023 05:12 GMT by Craig Erlam

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP cools, No surprise from OPEC/US stockpiles rise, Gold higher, Crypto

US stocks went on a Fed rollercoaster ride; weakening after the statement suggested the Fed will stick to their rate hiking guns, but rallying after a dovish press conference that didn't see Powell defend their dot plots and had him say for the first time that the disinflation process has begun. If the next couple of inflation reports show pricing pressures continue to ease, the Fed may finish this tightening cycle in March.

01-02-2023 15:34 GMT by Edward Moya

Market Insights Podcast (Episode 426)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed the ADP employment report, Tom Brady's retirement announcement, the OPEC+ decision, and Bitcoin's impressive January.

01-02-2023 12:19 GMT by Edward Moya

Oil in choppy waters, gold range-bound

Oil choppy as OPEC+ leans towards sticking Oil prices are higher a little again on Wednesday, as choppy trade continues. With OPEC+ set to stick to current output targets, according to reports, focus will remain on demand and whether the global economy can achieve a more modest slowdown than feared in a very challenging environment. The Chinese Covid transition also remains key with early data suggesting it's been quite smooth so far and the recovery could be stronger than expected.

01-02-2023 10:39 GMT by Craig Erlam

Oil and gold rise

Oil Crude prices turned positive after Exxon noted that they see oil supplies tight as some producers pull back. The oil market is awaiting a couple of major events, both the FOMC decision and the OPEC+ meeting on output. The EIA reported that cold weather made November US output dip for the first time since May.

31-01-2023 13:47 GMT by Edward Moya

A huge few days ahead

We're seeing plenty of caution in the markets this week which is perhaps not entirely surprising given what lies ahead. Earnings season isn't going as well as hoped and there are some big names coming up this week that could potentially dampen the mood further. It was always going to be a challenging period given the level of economic uncertainty, not to mention the staggering number of layoffs we're seeing, in the tech space in particular. Then we have the various central bank announcements, th

31-01-2023 11:03 GMT by Craig Erlam

Oil and gold dragged down on weakening outlook and inflation risks

Oil Crude prices are declining as the risks to the global outlook become overwhelming; China’s economy isn’t roaring back, global recession fears are returning after inflation unexpectedly rose in Spain, and as investors remain cautious ahead of a busy week of central bank decisions and peak earnings season. Oil is pulling back here as the vibe on Wall Street is to be ready to de-risk later this week. Growth prospects are weakening here and that should not do any favors for an already we

30-01-2023 14:22 GMT by Edward Moya

Week Ahead - All eyes on the Fed, ECB, BOE and NFP report

US Traders will focus on the FOMC decision, but they should also closely watch mega-cap tech earnings, and the nonfarm payroll report. The Fed is expected to continue slowing their rate hiking pace with a small 25 basis point rate rise. Disinflation trends are clearly here, but Core PCE suggest price pressures are coming and the labor market refuses to break and could prompt the Fed to remain vigilant with its inflation fight.

27-01-2023 14:00 GMT by Edward Moya

Mid-Market Update: Stocks edge higher, Core PCE, Intel's woes, Oil dips below $80, Gold hovers, Bitcoin wavers at $23K

US stocks are slightly higher as investors digest mixed earnings and hold onto hopes that the Fed will not overtighten. Stocks have gone from oversold to elevated levels as recession risks fade and investors doubt the Fed will follow through with their dot plot forecast.

27-01-2023 12:54 GMT by Edward Moya

Oil gets a GDP boost, gold drops ahead of Fed

Oil Crude prices got an unexpected boost from a US economy that doesn’t want to break. Another round of US data supported the argument that this economy still could get a soft landing, which is very positive for the short-term crude demand outlook.

26-01-2023 11:59 GMT by Edward Moya

Crude higher, gold consolidates

Oil Crude prices are rising after the stockpiles posted a modest gain and a decent improvement with demand. The EIA crude oil inventory report showed that demand for crude oil and gasoline improved, while distillates softened.

25-01-2023 12:47 GMT by Edward Moya

Earnings dampening the mood

Equity markets are back in the red on Wednesday, as investors appear to prepare themselves for a disappointing earnings season for big tech. The last few weeks may turn out to perfectly encapsulate how the year will be as a whole, fluctuating significantly and suddenly between optimism and pessimism as the data and headlines dictate. We appear to have entered the latter phase now after starting the year in a very buoyant mood, with earnings painting a more realistic picture of the outlook for th

25-01-2023 10:35 GMT by Craig Erlam

Mid-Market Update: Stocks waver, US PMIs improve but cost pressures return, Unnecessary NYSE chaos, 3M’s warning, Oil drops, Gold hovers near highs, Bitcoin softens

US stocks edged lower after a mixed bag of economic data still keeps the inflation risk on the table. Earnings season is about to heat up soon and if Microsoft and Texas Instruments are too cautious with the outlook, that might kill risk appetite.

24-01-2023 13:29 GMT by Edward Moya

Choppy trading

Equity markets are largely moving lower on Tuesday, reversing part of Monday's gains in what remains quite choppy trade. Earnings season will continue to dominate and so far, there isn't really anything positive to take away from it. There are still a lot of huge names to report, of course, but so far it basically underlines everything investors already think about the economy at the moment. The environment is currently very challenging and uncertain, while the labour market is overly tight unde

24-01-2023 09:33 GMT by Craig Erlam

US Close - Stocks stay hot, Dollar wavers, Oil steady, Gold rally hits a wall, Crypto momentum

US stocks are rallying as Wall Street awaits a busy earnings week as well as major GDP and core PCE data later this week that should confirm Fed calls for another downshift in tightening of rates. Corporate earnings have been coming in softer than expected and that should continue to drive recession trends, which are what is needed to get the Fed to stop tightening. Salesforce is gaining much attention after activist Elliot Management took a multibillion-dollar stake in it. Spotify also announ

23-01-2023 15:26 GMT by Edward Moya

A big week of earnings

Not the most eventful start to the week but that's unlikely to last with earnings being a particular focus in the coming days. This is likely to be one of the busier earnings weeks with some major names scheduled to report. It hasn't been a great start and disappointing results last week, particularly in financials, took the wind out of the sails of the new year rally.

23-01-2023 08:13 GMT by Craig Erlam

Market Insights Podcast (Episode 422)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed Netflix earnings, Google's layoff announcement, oil markets, crypto news, and the week ahead.

20-01-2023 13:30 GMT by Edward Moya

Stocks rally as Google job cuts support disinflation trends, Fed speak, Oil’s good week, Gold hovers near 9-month highs, Bitcoin above $21k

US stocks are rallying as tech stages a comeback following Google parent Alphabet’s announcement that they will cut its global workforce by more than 6%. The reduction of 12,000 jobs globally for Google confirms a clear trend of mega-cap cost-cutting measures. First it was Amazon and Microsoft with major job cut announcements and now it is Google. We should see this theme spread across other sectors throughout the year and that should help keep disinflation trends intact.

20-01-2023 12:09 GMT by Edward Moya

Oil remains choppy, gold near record high

Speed bumps ahead Oil prices have been choppy this week after climbing back towards their late December/early January peaks. It would appear the rally is running short of momentum amid a week of less promising data from the US and a downturn in market sentiment, more broadly.

20-01-2023 08:29 GMT by Craig Erlam

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