Commodities
Commodities

Commodities

02
May

The Morning Market Wrap

The AUDUSD currency pair has risen to its highest level in a week, reaching 0.6704 points after rising from 0.66199 points. Currently, there have been no observed corrections in the price movement.

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01
May

Energy & precious metals – weekly review and outlook

So, was it just a gap that needed to be filled? Or was it reflective of demand worries ahead of recession winds? Whatever the case, there’s one less uncertainty on the oil market now after last week’s tumble in crude prices that finally filled the gap up open from April 3 forced by OPEC+’s production maneuver. The […]

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01
May

Oil prices dip on U.S. rate hike expectations, weak China PMI

TOKYO (Reuters) -Oil prices fell on Monday as jitters over the prospect of the U.S. Federal Reserve raising interest rates, which could slow growth and hit fuel demand, and worries about weaker Chinese manufacturing data combined to erase earlier gains. Brent futures for July delivery were down 61 cents, or 0.8%, at $79.72 a barrel […]

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01
May

The Morning Market Wrap

There’s a large divergence between the US500 that is at the resistance and AUDUSD just picking up off the support zone. The Fed meeting this week should clarify the picture for the markets.

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28
Apr

NATGAS Surges

NATGAS prices surged significantly over the last 20 minutes, however, there is no clear evidence for this rapid spike at the moment. Gas prices may be influenced by information about Russia’s cut in gas exports in 2023, as well as unconfirmed reports of a pipeline explosion in the USA.

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28
Apr

Oil prices wallow under $80, set for fourth straight month of losses

Oil prices moved little on Friday after logging steep losses this week, and were set to close a fourth consecutive month in negative territory level as fears of slowing economic growth and demand largely offset tightening supply. Markets saw little relief as data showed U.S. economic growth slowed more than expected in the first quarter of 2023, […]

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28
Apr

Oil set for second weekly drop as recession fears, rates cloud outlook

TOKYO (Reuters) – Oil prices were little changed on Friday but are set for their second weekly drop as disappointing economic data from the U.S., the world’s biggest crude user, and uncertainty on further interest rate hikes raised concerns about future fuel demand. Brent crude futures for June were trading at $78.53 a barrel, up 16 […]

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28
Apr

Gold prices dip as strong inflation, labor data fuel Fed fears

Gold prices fell slightly on Friday, extending losses into a third straight session as stronger-than-expected U.S. inflation and labor market data saw fears of more Federal Reserve rate hikes come back into focus. The yellow metal was now set to end the week well below $2,000 after failing to retake the level in recent sessions. […]

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28
Apr

The Morning Market Wrap

AUDJPY caught a bid following the BoJ meeting as the Japanese yen slumped. The pair extended the recovery move launched yesterday and climbed above the 50-session moving average. Source: xStation5

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27
Apr

US 100 Trades Lower After US GDP Miss

US, US GDP report for Q1.  US, initial jobless claims. Actual: 230k. Expected: 249k. Previous: 245k Lower growth – as suggested by GDPNow model, but higher price pressures. Weak mix from the perspective of future Fed decisions. US100 loses, dollar gains slightly. Source: xStation 5

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