Commodities (Crude Oil & Copper) & Macro Outlook

According to Yonhapinfomax, South Korea's President Lee Jae-myung and Mongolia's President Khurelsukh announced the provisional conclusion of a Comprehensive Economic Partnership Agreement (CEPA) on July 9, pledging to expand bilateral trade to $1 billion by 2030. Under the agreement, Mongolia

CME Group, the world's largest derivatives exchange operator, announced on the 9th (local time) the introduction of Treasury Link, a new product designed to simplify basis trades favored by hedge funds. The product converts the current multi-step process of purchasing US Treasuries and taking

According to CME Group, the world's largest derivatives exchange introduced Treasury Link on July 9, enabling traders to simultaneously buy U.S. Treasury securities and sell corresponding futures contracts in a single electronic transaction. Previously, this required multiple steps. The new

Capital.com recorded $1.13 trillion in client trading volume during the second quarter, with Gold representing 42.4% of total platform activity as geopolitical tensions, commodity market volatility, and shifting US interest rate expectations drove retail traders toward precious metals before

According to Capital.com, gold dominated retail trading activity on the platform during the second quarter of 2026, representing 42.4% of the total trading volume amid geopolitical tensions and shifting interest rate expectations. The platform processed $1.13 trillion in client trading volume

According to Canadian Prime Minister Mark Carney, Saudi Arabia's $1 trillion Public Investment Fund (PIF) has accepted an invitation to attend an investment summit he will host in Toronto in September. Carney stated that Saudi investors are interested in Canada's energy, mining, and infrastructure s

According to the White House, U.S. Commerce Secretary has recommended against initiating Section 232 tariffs at this time. Section 232 refers to a provision allowing the U.S. president to impose tariffs on imports deemed to threaten national

On Thursday (July 9), Nasdaq-100 ETF rose 1.66%, outpacing gains across major U.S. asset class ETFs. Russell 2000 ETF gained 1.28%, while gold ETF rose 1%. Barclays U.S. Convertible ETF and S&P 500 ETF each climbed at least 0.85%, with emerging markets ETF up 0.83%. Commodity and real estate ETFs

On Thursday (July 9), Latin American stocks and currencies rallied as oil prices retreated, lifting regional risk sentiment. The MSCI Latin America currency index rose 0.7%, while the Latin America stock index gained 1.4%. Colombia's peso led regional gains with a 1.2% increase against the dollar, t

According to the White House, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) currently lack Democratic commissioners, with no new nominees announced to fill the vacancies as of today (July 9). Both financial regulators face understaffing at the

According to ICE Futures, Brent crude for September delivery fell 2.2% to $76.30 per barrel on July 9, as concerns about economic slowdown and reduced oil demand outweighed geopolitical supply risks from U.S.-Iran

According to Coinglass data, bitcoin recovered to $63,000 on Thursday (July 9) after dropping over 3% following U.S.-Iran military clashes. Over $52 million in liquidations were recorded across long and short positions as Brent crude oil retreated below $76 per barrel. Bitcoin traded just

According to Wenward Maritime Analysis, transit traffic through the Strait of Hormuz plummeted from July 7 to 9 amid escalating US-Iran military exchanges. On July 7, the strait recorded 51 transits with 35 vessels departing the Persian Gulf; this fell to 35 transits and 18 departures on July 8.

According to Bloomberg commodity data, on Thursday (July 9) at New York close, Chicago wheat futures rose 1.85% and cocoa futures climbed 5.19% to $6,366 per metric ton, approaching November 2025 peak levels. Coffee C futures surged 10.22%, while CBOT corn futures fell 0.99%, soybeans

Iran and the United States engaged in mutual retaliatory attacks after Iran struck vessels transiting the Strait of Hormuz, reigniting Middle East tensions and causing international oil prices to surge again on May 8. WTI crude oil exceeded $76 per barrel and the US 10-year Treasury yield

British airline Jet2 reported a $536 million balance sheet gain on July 8 after fuel derivatives locked at lower rates surged in value as Middle East conflict drove jet fuel prices higher. The windfall offset a 67% plunge in annual cash inflows to approximately $103 million, triggered by travelers d

WTI August crude oil futures fell 1.44 dollars to 72.08 dollars per barrel, down 1.96% today. Abu Dhabi Murban crude oil futures declined 3.13% to 71.27 dollars per barrel. NYMEX August natural gas futures settled at 3.0120 dollars per million British thermal units, while August gasoline futures

According to Jin10 Data, at 2:30 AM on July 10, Shanghai Gold futures (main contract) closed up 1.31%, Shanghai Silver futures (main contract) rose 3.22%, and SC crude oil futures (main contract) declined 3.22%.

Following renewed US-Iran tensions announced at the NATO Leaders Summit in Ankara, Brent crude oil surged over 10%, prompting a Bitcoin selloff from its early-week high of $64,000 to around $62,900. According to CryptoQuant analyst Darkfost, Bitcoin faces further downward pressure as oil prices

According to Brazil's trade executive committee (Gecex), the government maintained a 12% crude oil export tax for an additional 60 days on Thursday (July 9). The committee stated it will reassess the measure within 30 days. The tax was initially introduced in March in response to rising crude