Energy news

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Podcast - A Big Week Ahead (BOJ, ECB, Fed, Earnings, Major US data)

OANDA Senior Market Analyst Ed Moya joins Jonny Hart and Trader Nick to discuss the drop in the yen after a YCC report, recap some of this week's big macro themes and talk commodities.

21-07-2023 12:47 GMT by Edward Moya

Oil rises as OPEC+ likely to try to keep oil market tight; Gold lower on strong USD

Commodities are starting to post some diverging trends as US soft landing hopes improve. Oil has benefited from a resilient US economy, but gold has struggled as a tight labor market suggests the Fed may need to keep interest rates higher for longer. A recent Bloomberg survey noted that firmer growth prospects are expected through Q3, potentially rising 0.5%. The outlook for Q4 is GDP to contract 0.4%. Oil Oil prices are rising on optimism that the outlooks for China and India should keep the

21-07-2023 12:40 GMT by Edward Moya