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.

Markets Weekly Outlook - PMI Data, UK Inflation and the Soft Landing Conundrum

US Dollar Index rally continues and the impact of a strong US dollar on global markets. Examining upcoming PMI data from the Euro Area and UK CPI figures, and their potential market implications. Assessing the likelihood of further rate cuts by the Federal Reserve and the Bank of England. Providing insights on market trends and potential volatility in the coming week.

Nov 15, 2024 by Zain Vawda

Gold Technical: Medium-term uptrend damaged, spooked by rapid rise in 10-year US Treasury yield

Trump Trade of a stronger US dollar and rapidly rising longer-term US Treasury yields have triggered a negative feedback loop into Gold (XAU/USD) The longer-term positive aspect of Gold as a hedge and safe haven asset play to counter a potential wider US federal budget deficit will now take a backseat. Watch the US$2,484/US$415 support on Gold (XAU/USD)

Nov 14, 2024 by Kelvin Wong

USD/CAD Outlook: 1.4000 Remains Elusive as US CPI Fails to Inspire Breakout

USD/CAD surges as oil prices decline and US Dollar rises. Market anticipates less rate cuts in 2025 due to Trump's return, impacting interest rate differentials. Potential US tariffs add headwinds for the Canadian Dollar. Most Read: Brent Oil Prices Steady Despite OPEC Demand Forecast Cut. Where to Next? USD/CAD has been on a tear since the back end of September, rising some 550 pips over the past 6 weeks.

Nov 13, 2024 by Zain Vawda

Brent Oil Prices Steady Despite OPEC Demand Forecast Cut. Where to Next?

OPEC cuts oil demand growth forecasts for 2024 and 2025, citing concerns about the Chinese economy. China's stimulus measures have failed to impress, and the country's economic outlook remains a concern. Technical analysis suggests that oil prices are eyeing a bounce but could face resistance around $74.00 and $76.35. Most Read: Gold (XAU/USD) Prices Slide as US Dollar (DXY) Rally Continues Oil prices are holding firm today following a 5% decline over the previous two trading days. A stronger U

Nov 12, 2024 by Zain Vawda

Gold (XAU/USD) Prices Slide as US Dollar (DXY) Rally Continues

Gold prices retreat as US Dollar strengthens as hopes of aggressive rate cuts fade. China's economic slowdown concerns and potential sanctions impact iron ore and gold prices. Technical analysis indicates gold's vulnerability to further downside, with key levels identified. Most Read: Markets Weekly Outlook – Attention Shifts Back to Data, US CPI in Focus Gold prices have started the week on the back foot as the US Dollar continues to advance.

Nov 11, 2024 by Zain Vawda

Markets Weekly Outlook - Attention Shifts Back to Data, US CPI in Focus

Trump's clean sweep saw a significant rise in the US Dollar and Yields. Can it continue? Data in focus next week, US CPI data is due with potential implications for Federal Reserve policy and interest rate decisions. US Dollar Index (DXY) breaks above key level of 105.00.

Nov 08, 2024 by Zain Vawda

Gold Prices Plunge as Trump Triumphs: What's Next for XAU/USD?

Gold prices plummet as Trump's election victory boosts the US dollar and Treasury yields. Market sentiment shifts towards higher interest rates, diminishing gold's appeal. Technical analysis suggest bearish momentum is building, will safe haven demand return and underpin Gold prices?

Nov 06, 2024 by Zain Vawda

US Dollar Index (DXY) Explodes Higher as Markets Prepare for a Trump Victory

The US Dollar Index (DXY) surged as markets anticipated a Donald Trump victory in the US presidential election. Market sentiment suggests a Trump presidency and Republican majority will boost the US economy, leading to a stronger US dollar in the medium term.

Nov 06, 2024 by Zain Vawda

Trump or Harris? Why the Nasdaq 100, S&P 500 Might Not Care Who Wins

Wall Street Indexes rebounds on strong ISM Services PMI as election uncertainty lingers. Investors closely watch Congressional election results, as a unified government is seen as beneficial for stock market performance. Market volatility remains low as investors await election results and upcoming Federal Reserve and BoE decisions.

Nov 05, 2024 by Zain Vawda

Silver (XAG/USD) Technical Outlook: Bullish Momentum Building?

Silver has outperformed gold year-to-date, driven by increasing demand. The fundamental picture for silver is positive, with demand expected to continue outpacing supply. Short-term volatility is possible due to the US election and Federal Reserve meeting. Technically, silver is at a key support level; a close above 32.60 could signal renewed upward momentum.

Nov 05, 2024 by Zain Vawda

Brent Crude - Oil Prices Rise as OPEC + Extend Output Cuts

OPEC+ extends oil production cuts, boosting Brent Crude prices above $75 per barrel. OPEC Secretary General expresses optimism about oil demand despite challenges. US Presidential election and potential geopolitical tensions add to market volatility. Technical analysis suggests Brent Crude faces resistance at $76.35, with support around $72.39.

Nov 04, 2024 by Zain Vawda

Markets Weekly Outlook - US Elections and Central Banks Lead the Way

Global markets experienced a mixed week, influenced by geopolitical risks and US jobs data revisions. The week ahead focuses on China's Standing Committee meeting, the US election and Central Bank Meetings. Wall Street indexes struggled, potentially due to high valuations and AI capital spend. Read More: GBP/USD Technical: Trendline Break Sets the Stage for Further Downside Week in Review: US Jobs Revised Downward After Positive GDP A mixed week comes to a close as markets deal with renewed geo

Nov 01, 2024 by Zain Vawda

Gold (XAU/USD) Price Reclaims $2750/oz Amid Record $3 Billion Inflows into Gold Funds

Gold prices surge past $2750 per ounce on record inflows into gold funds. Gold ETFs saw a massive $3 billion investment last week, the second-largest increase ever. Year-to-date gains for gold are at 33%, setting the stage for its best year since 1979. Despite a strong US dollar, gold's rally remains unfazed, with safe-haven appeal outweighing dollar strength amid rising global uncertainties.

Oct 29, 2024 by Zain Vawda

Brent Crude - Oil Prices Open $4 Lower After Limited Israeli Response, Where to Next?

Brent Crude oil prices opened lower due to renewed ceasefire hopes after a limited Israeli retaliatory attack on Iran. The attack didn't target energy infrastructure, leading to a drop in geopolitical risk premium. CitiGroup lowered its Brent price target for the next three months to $70 a barrel.

Oct 28, 2024 by Zain Vawda

Markets Weekly Outlook - ‘Magnificent 7’ Earnings, BoJ Meeting and US Jobs Data

Markets are in a holding pattern as investors weigh risks and uncertainties ahead of a busy week filled with key events. The US election is drawing closer, and markets may react to the possibility of a Trump victory, which could lead to a rise in the US Dollar and inflation expectations. The Bank of Japan (BoJ) meeting is a highlight in Asia, with market expectations leaning towards no rate hike. In the UK, the first budget by the Labor Party under Chancellor Rachel Reeves is highly anticipat

Oct 25, 2024 by Zain Vawda

Gold (XAU/USD), Silver (XAG/USD) Print Fresh Highs as the DXY Eyes 105.00

Gold and Silver prices reach new highs amidst a rising US Dollar, driven by global uncertainties and a potential Trump Presidency. Silver's demand/supply dynamics bode well for further gains. The US Dollar Index (DXY) strengthens due to positive economic data and fading rate cut expectations, with a potential rise to 105.00.

Oct 23, 2024 by Zain Vawda

Brent Crude - Oil Rises on China Rate Cuts but Middle East Uncertainty Lingers

Oil prices rose due to Chinese rate cuts and Middle East uncertainty. The IMF downgraded its global growth forecast to 3.2%. Technically, Further upside is possible if conditions remain consistent. Geopolitics remains key. Most Read: USD/CHF Technical Outlook: Pullback Before Continuation? Oil prices are enjoying a mini renaissance to start the week thanks to Chinese rate cuts and the ongoing and ever changing situation in the Middle East.

Oct 22, 2024 by Zain Vawda

Gold Technical: Bullish acceleration in progress reinforced by “Trump Trade”

Republican president nominee Donald Trump prospect of winning the White House has increased in the past week based on data from betting markets. Resurgence of “Trump Trade” narrative has triggered a positive feedback loop into Gold (XAU/USD). An increase in tail-risk hedging activities also led to higher demand for Gold (XAU/USD). Watch the US$2,590 key medium-term support on Gold (XAU/USD)

Oct 22, 2024 by Kelvin Wong

Markets Weekly Outlook - PMI Data and IMF Meeting Dominate the Agenda

Global markets are reacting to shifts in central bank policies, with the US dollar strengthening and rate cut expectations changing. The upcoming week will be busy with the IMF meeting, PMI data releases, central bank announcements, and US earnings reports. The US Dollar Index is in focus as technical factors may play a more significant role in its movement amidst a lighter data week.

Oct 18, 2024 by Zain Vawda

Gold (XAU/USD) Price Smashes Through $2700/oz - Further Gains Ahead?

Gold prices surged past $2700/oz fueled by expectations of global rate cuts and escalating geopolitical tensions in the Middle East. The London Bullion Market Association's bullish prediction of $2941/oz gold price in 12 months. Technically, gold is overbought, but the threat of an Israeli strike on Iran could limit downside risks. Most Read: S&P 500, Nasdaq 100 – Wall Street Indexes Rise as TSMC Leads Chip Stock Rally, Where to Next?

Oct 18, 2024 by Zain Vawda

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