The Australian dollar is trading near 0.7010 against the US dollar as stronger US Treasury yields and increasingly hawkish Federal Reserve expectations keep pressure on AUD/USD. Attention is now turning toward the Reserve Bank of Australia’s upcoming interest-rate decision, which could provide an important counterweight to US monetary-policy expectations. The currency remains caught between two […]
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
Crude oil has climbed back above $93 per barrel as uncertainty surrounding the Strait of Hormuz increases the risk that the restoration of major oil flows through the waterway could take longer than previously expected. The latest move follows the rejection of Iran’s proposal to reopen the strait, while Tehran says it is still waiting […]
Copper remains close to record levels as a combination of disrupted mine supply, refinery maintenance and strong demand from electrification continues to tighten the market. US copper futures are trading near $6.70 per pound, within reach of the record high of $6.80 reached earlier in September. The market is increasingly focused on whether supply disruptions […]
Global markets enter the coming sessions with monetary policy, inflation, employment and geopolitical risk all competing for attention. The possibility of diplomatic agreements or further escalation involving the US, Iran and Gulf states remains a major driver of energy prices, inflation expectations and global bond yields. High energy prices combined with resilient economic activity have […]
US natural gas prices are retreating after a sharp previous-session rally as the market receives confirmation that a major Appalachian pipeline disruption could be resolved quickly. October Nymex natural gas futures fell 10.1 cents, or 3.06%, to $3.20 per MMBtu, reversing part of the previous day’s surge to a 2.5-month nearest-futures high. The immediate catalyst […]
Crude oil and gasoline prices are facing renewed selling pressure as negotiations between the United States and Iran raise hopes of a deal that could reopen the Strait of Hormuz and restore disrupted Middle East supply flows. November WTI crude fell $2.20 to $92.15 per barrel, while November RBOB gasoline dropped 14.55 cents to $3.1840 […]
Coffee prices are recovering from recent lows as a weaker US dollar encourages fund short covering, while traders continue to assess the impact of expanding global production. December arabica coffee rose 3.25 cents to 278.40 cents per pound, while November robusta gained 77 points to $3,369 per tonne. Arabica reached a one-week high as the […]
Cocoa prices are extending their recovery as concerns over dry conditions in West Africa begin to offset evidence of stronger current-season supply. December NY cocoa rose 29 points to 5,619, while December London cocoa #7 gained 22 points to £4,191, marking a fifth consecutive higher session for both markets. The immediate focus is shifting toward […]
Sugar prices are under renewed pressure as weak physical demand and heavy contract deliveries offset longer-term concerns over tightening global supply. October NY world sugar #11 futures settled at 16.98 cents per pound, down 0.08 cents, while December London white sugar #5 fell 7.30 points to 501.80 per tonne. The immediate market focus is shifting […]