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The price jump in Copper, temporarily rising by almost 5% in reaction to the news that the operator of the important Grasberg mine in Indonesia has declared force majeure on contracted supplies, demonstrates how fragile market sentiment is regarding the supply situation. The production at the mine h

AUD/USD trades sideways around 0.6600 ahead of the release of the US data.Investors will closely monitor the US Initial Jobless Claims data for fresh cues on the current status of the labor market.The RBA is expected to maintain the status quo on Tuesday. The AUD/USD pair trades in a tight range aro

Global indices are generally rising: S&P 500 up about +0.44%, Nasdaq 100 +0.55%, Nikkei 225 +0.99% European markets are lagging, with the DAX down around −0.48% Gold prices edged upward by +0.52%, while WTI crude oil slipped by −0.27% Big tech names like Apple and NVIDIA are leading

Markets kicked off the week on a mixed note. Last week’s Federal Reserve (Fed) rate cut gave equities a boost, but news that the Bank of Japan (BoJ) may begin reducing its ETF holdings added some caution. But Wall Street shrugged it off, with the S&P 500 and Nasdaq hitting fresh record highs, wh

Here is what you need to know on Friday, September 19: Markets take the positive lead from Wall Street overnight early Friday, driven by news that Nvidia will invest $5 billion in Intel to jointly develop AI Infrastructure and PC chips. Further, upbeat US data on Thursday alleviated concerns over th

WTI’s price over the past week and since our last report, was on the rise and stabilised. On a fundamental level we are to have a look at the state of the US oil market as well as factors and issues affecting the demand and supply sides of the international oil market. The report is to be concluded

Updates from the Fed and BoC are top of mind for traders today, with the former garnering the majority of the attention at 6:00 pm GMT. The Fed is all but certain to ease policy by 25 bps today, lowering the target rate to 4.00% - 4.25%, from 4.25% - 4.50%. The meeting kicked off yesterday with the

The pound is the second best performer in the G10 FX space at the start of the week as the dollar crumbles ahead of the Fed meeting on Wednesday. The pound is at its highest level since July, even though yields are falling and the FTSE 100 is lagging a broader European equity market rally. The move

Such a significant oversupply as anticipated by the IEA would exert considerable pressure on oil prices, like in 2020, which would have a negative impact on oil production, Commerzbank's commodity analyst Carsten Fritsch notes. OPEC+ oil production has risen by 1 million bpd "It is therefore questio