OPEC+ agreed on Sunday to maintain its group-wide oil production quotas for 2026 and approved a long-delayed mechanism to assess each member’s maximum production capacity — a step that will shape how output quotas are allocated from 2027 onwards. A subset of eight OPEC+ producers also reached an agreement in principle to extend their pause on output hikes through…
The Silver price rose from $50 to more than $54 per troy ounce since the beginning of the week. The rise in the price of Silver thus eclipsed that of Gold. The Gold/Silver ratio subsequently fell to an annual low of just over 77, Commerzbank’s commodity analyst Carsten Fritsch notes. Shanghai Silver inventories drop to 10-year low “The Silver…
Data released by China’s National Bureau of Statistics (NBS) over the weekend confirmed China’s economy lost momentum in November as both factory and service-sector gauges slipped further into contraction, highlighting an uneven recovery and persistent strains in property-linked activity. The official manufacturing PMI edged up to 49.2 from 49.0, its eighth straight month below 50, signalling continued weakness despite…
Platinum climbed to $1,650 this week as China launched physically settled futures and options, increasing transparency and attracting industrial, jewelry, and investor participation, Commerzbank’s commodity analyst Carsten Fritsch notes. China launches physically settled Platinum and Palladium futures “The Platinum price rose significantly this week. Yesterday, it reached its highest level in over a month at $1,650 per troy ounce….
Inflation perceptions over the previous 12 months seen at 3.1% (unchanged) Inflation expectations 12 months ahead seen at 2.8% (previously 2.7%) The qualitative measure continues to show an increase in the percentage of number of respondents expecting inflation to be higher in the next 12 months, now seen at 85.6% (previously 85.2%). As for the 2.8% median noted above…
The Copper price has risen above the $11,000 per ton mark again this week. The increase was fueled by various statements made during a Copper industry conference in Shanghai, Commerzbank’s FX analyst Volkmar Baur notes. US tariff uncertainty fuels COMEX stockpiling “The chair of a metals and mining research firm cautioned that Copper prices in the US may continue…
Rate cuts by year-end Fed: 20 bps (79% probability of rate cut at the upcoming meeting) 2026: 93 bps ECB: 1 bps (97% probability of no change at the upcoming meeting) 2026: 8 bps BoE: 23 bps (94% probability of rate cut at the upcoming meeting) 2026: 64 bps BoC: 3 bps (84% probability of no change at the…
AUD/USD trades around 0.6535 on Friday at the time of writing, virtually unchanged on the day. Despite several attempts to extend its recent rebound, the Australian Dollar (AUD) struggles to maintain upward momentum, even as stronger-than-expected inflation continues to delay expectations of Reserve Bank of Australia (RBA) easing and revives the risk of another rate hike. The AUD benefited…
Professional trading isn’t just a quick morning routine. It involves hours of analysing charts, managing positions, and staying mentally sharp in a fast-moving environment. And while beginners often focus exclusively on a strategy, seasoned traders know that your workspace directly influences how well you think, react, and stay disciplined. Recent studies underline this more clearly than ever. A 2024…
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday as traders respond to Canada’s Q3 Gross Domestic Product (GDP) rebound. At the time of writing, USD/CAD is trading around 1.3984, extending losses for a fourth consecutive day as broad Greenback weakness keeps the pair under sustained downside pressure. Statistics Canada reported that the economy expanded modestly…
