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.

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

Oil edges higher, gold struggling

Edging higher Oil prices are a little higher at the start of the week with a few factors potentially behind the move. Turkey's decision to temporarily halt flows to the Ceyhan terminal may have lifted prices a little given the uncertainty around the situation, although, with reports of no damage to pipelines, the impact should be marginal.

06-02-2023 11:14 GMT by Craig Erlam

US Close - Fed irked by NFP shocker and ISM data, Oil sharply reverses, Gold crushed, Bitcoin rally stalls

After a busy and volatile week that included the end of Fed Chair Powell’s hawkish tone and mega-cap tech earnings disappointments, Wall Street should not have been surprised that today’s employment report would rattle markets. An impressive nonfarm payroll report was quickly followed by a report that showed the service sector is refusing to break. US stocks are dropping as investors realize the bearish move love with Treasury yields is over as the Fed may have to deliver a couple more rate hik

03-02-2023 14:13 GMT by Edward Moya

Oil prices edge lower, gold under pressure

Oil settles after a volatile start to 2023 Oil prices are a little lower again at the end of the week, settling it seems somewhere around the middle of the new year range. Sweeping risk aversion in the markets and concerns around a potential deeper slowdown driven by higher rates will have that effect but once again it's worth noting that sentiment in this market is fickle.

03-02-2023 07:31 GMT by Craig Erlam

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

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