Tag Archives: Commodities
commodities
AUD/USD Holds Steady as China PMI Looms and US-Iran Talks Shape Risk Appetite
AUD/USD steadies as US-Iran talks, China PMI, RBA-Fed divergence, and iron ore demand shape outlook.
China PMIs send mixed signals as manufacturing stalls and services return to expansion
China manufacturing PMI slipped to 50.0, services rebounded; recovery fragile, pressuring AUD and boosting volatility strategies.
China factory PMI holds at 50 as markets weigh stimulus bets, yuan pressure and volatility trades
China’s May manufacturing PMI held at 50, signaling stagnation; markets eye easing, yuan weakness, commodity impacts, volatility.
China non-manufacturing PMI edges into expansion, lifting sentiment towards equities, commodities and AUD
China’s non-manufacturing PMI rose to 50.1 in May, beating forecasts, signaling resilience and boosting equities, commodities.
CFTC Data Show Oil Speculators Cut Net Long Positions as Supply Builds and Demand Cools
CFTC data show oil speculators cut net long positions to 161,000 contracts, signalling reduced bullish sentiment.
US oil rig count rises again, hinting at higher supply and near-term pressure on crude prices
US rig count rose to 429, signaling modest drilling uptick, bearish near-term crude, amid inventories, geopolitics, OPEC+.
Brent and WTI Slide Below $100 as Gulf Supply Queue Swells and Demand Weakens
Brent and WTI fell below $100 as Gulf supply builds; nearly 2,000 ships pressure prices lower.
WTI slides towards $87 as US-Iran ceasefire talks ease Strait of Hormuz supply fears
WTI falls to $87.20 as US-Iran ceasefire talks ease supply fears, despite continued inventory draws.
EIA crude stocks fall 3.3m barrels, missing forecasts as OPEC+ decision looms
EIA data showed crude stocks fell 3.327 million barrels, undershooting forecasts, hinting weaker demand amid OPEC+ uncertainty.
Iran–US conflict and Hormuz export closures buoy oil as underinvestment tightens longer-term supply
Iran–US tensions and low inventories lift oil; Hormuz closures tighten supply as underinvestment signals longer-term constraints.
