Latest commodities news and market analysis
Gold prices show an uptick following reports of a ceasefire in Iran, while market participants eye potential Fed rate hike implications.
Japan's Services Producer Price Index for June registered a modest deceleration, reaching 3.2% year-over-year.
Major tech companies, the Federal Reserve's interest rate decision, and key economic data are poised to influence market sentiment.
Global markets reacted to a reduction in geopolitical tensions, with crude oil falling while equity futures and gold saw gains.
Currencies show varied early week performance, with some risk-on assets gaining as geopolitical tensions briefly ease.
Feeder cattle futures reached a significant bullish positioning extreme, while soybeans and silver presented divergent signals in recent mar
Recent developments suggest a de-escalation of hostilities between Iran and the US, potentially influencing global oil prices.
Recent CFTC data indicates a resurgence in bearish sentiment for JPY and EUR, continued AUD selling, and a notable shift in crude oil.
WTI crude oil futures experienced a notable daily drop, settling below key technical levels, while Brent also fell below the $100 mark.
Senior US officials reportedly met to consider increased military action against Iran, following a breakdown in de-escalation efforts.
Silver recorded modest gains on Friday, influenced by a decrease in oil prices impacting Treasury yields and a fluctuating US Dollar.
Gold prices have rebounded from weekly lows, settling into a neutral technical posture as key moving averages influence market sentiment.
The USDCAD pair experienced significant fluctuations this week, with price action dictated by key moving averages and psychological support.
The Euro has partially rebounded against the US Dollar, supported by stronger Eurozone economic data and the European Central Bank's recent
USD/CAD saw a modest increase as robust US economic data contrasted with weaker Canadian indicators and softer oil prices.
ECB policymakers express caution over inflation risks, particularly from higher oil prices, while emphasizing a data-dependent approach to f
Global interest rate expectations have adjusted, with geopolitical events and oil prices now influencing central bank outlooks.
The Japanese Yen has reached new multi-decade lows against the US Dollar, but MUFG suggests that volatility levels remain too subdued for di
August gold futures show signs of recovery above $4,050, but traders watch $4,068 for a stronger bullish signal.
Flash PMI data indicates a return to growth for the UK private sector in July, surpassing economists' expectations.
Euro area business activity expanded in July for the first time in four months, driven by improvements in both services and manufacturing.
Crude oil futures are testing a critical support level around $90 after a recent pullback, as market participants assess various global fact
Germany's flash Composite PMI returned to growth in July, primarily fueled by a significant uplift in the manufacturing sector.
France's private sector activity showed signs of stabilization in July, driven by a rebound in services despite manufacturing weakness.