Energy news

Energy commodities are essential fuels that power modern society. Explore key energy sources like crude oil, natural gas, coal, and emerging renewable energies. Learn about their global impact on the economy and environment.

Podcast - China trade, BoC hike, SEC goes after crypto

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the big stories of the day. They talk about the Chinese trade data, Australia GDP, Bank of Canada, Oil, Gold and the SEC lawsuit against Binance and Coinbase.

07-06-2023 14:29 GMT by Craig Erlam

Podcast-Thumbnail-Orange-–-1280x720-1.png

BOC rate hike rattles stock, bond and gold markets

Stocks are declining after investors got spooked when the Bank of Canada restarted their rate hiking campaign. Canada’s central bank is viewed as one of the leaders when it comes to being proactive with monetary policy. They were the first to raise rates in 2022 and then put them on hold earlier this year. The BOC is signaling that more rate hikes could come and that has everyone rethinking that the Fed will be done after the July hike. Oil Crude prices are higher after the EIA report

07-06-2023 14:10 GMT by Edward Moya