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Market Intelligence

Gain the edge you need to succeed in the commodity and financial markets: our Market Intelligence team delivers cutting-edge research and analysis you won't find anywhere else.

Energy Equities Diverge From Crude Oil, Raising Reversal Questions

Crude oil has flipped a seve- month ceiling into its defining support, but energy equities are no longer confirming the move. Razan Hilal reads the divergence building across the XLE energy sector ETF and what it takes to resolve it.

Razan Hilal
Razan Hilal
  • Energy

Gold's Next Signal Sits in the Dot Plot, Not in the Rate Decision

With a Federal Reserve rate hike already close to fully priced, the meeting's real information sits in the projections rather than the decision. This piece breaks down why gold traders are reading the dot plot, and how rate projections feed straight into the cost of holding a non-yielding metal.

Fiona Cincotta
Fiona Cincotta
  • Precious Metals

Nasdaq 100 Divergence From the S&P 500 Echoes the Year 2000 Topping

The S&P 500 has pushed to a fresh high while the Nasdaq 100 has refused to follow, and that split in leadership carries more information than the headline index level. James Stanley walks through why the same sequencing appeared before the tech bust and what it changes about the bear case on stocks.

James Stanley
James Stanley
  • Equities

FX Weekly Overview (Brazil Issue)

Dollar to reflect Brazilian electoral scenario and interest rate decisions by FOMC and Copom

Leonel Mattos
Leonel Mattos
  • Currencies

Australia's Cattle Belt Fractured Into Four Very Different Seasons

Australia's cattle country did not have one season this year, it had four, and each one is pushing supply and demand in a different direction. Ripley Atkinson maps the north, the central east, the south and the west, and shows where the cattle are actually moving.

Editorial Team
Editorial Team
  • Meats & Livestock

Section 232 Remains Copper's Biggest Swing Factor Into the Year End

Copper has rallied on tight supply and falling inventories, but the largest single variable sitting over the market is a United States tariff decision that has still not been made. More than 1.2 million tonnes of metal moved onshore in anticipation, and that material is not going anywhere while the question stays open.

Natalie Scott-Gray
Natalie Scott-Gray
  • Base Metals

Central Bank Divergence Moves Currencies When Single Decisions Do Not

Currency direction is being set by the gap between rate paths rather than by any one central bank meeting. This piece unpacks how divergence between the Federal Reserve, the Bank of England and the Bank of Japan works, and why a decision that is already priced tells traders almost nothing.

Fiona Cincotta
Fiona Cincotta
  • Interest Rates

StoneX TV: Copper and Zinc Squeeze the Short Hedgers Paying for It

Copper and zinc prices are both climbing on the same squeeze, falling LME inventories, tight concentrate markets and record backwardation. StoneX Head of Base Metals Trading Giles Plumb and StoneX Base Metals Sales and Trading specialist Calvin D'Andrea join Senior Metals Analyst Natalie Scott-Gray to explain what is moving each metal. Copper sits under unresolved Section 232 tariff policy, more than 1.2 million tonnes of metal drawn onshore in the United States, and speculative money arriving through the artificial intelligence trade. Zinc is a physical story, with spot availability outside China thin and stock slow to move.

Natalie Scott-Gray
Natalie Scott-Gray
  • Base Metals

Daily Coffee Report 9/11/26

Daily coffee report

StoneX Coffee Team
StoneX Coffee Team
  • Coffee

Perspective: Mid-Day Commentary for September 11

September 11 – The major stock indexes are all up roughly 1% at midday, with the VIX cooling notably to hang below 15.7, erasing yesterday's gains. The dollar continues to linger around unchanged, currently trading at 99.06. The front-end of the treasury yield curve continues to push higher amid increasingly hawkish rate expectations, with 2-year yields up to 4.615%, while 10-year yields are up more modestly to 4.955%, and 30-year yields are slightly lower on the day at 5.347%. Crude oil is still in the red as traders take weekly profits and assess Monday’s planned talks in Oman, with nearby WTI trading near $99.6 and nearby Brent trading near $105.2 at the time of writing. The ags are largely mixed, with corn reversing course and rebounding to trade in the green following the release of this morning’s September WASDE.

Mike Castle
Mike Castle
  • Grains & Oilseeds

CME Cash Market Summary

Daily CME spot dairy market price summary

Dairy Team - Chicago
Dairy Team - Chicago
  • Dairy

The Most Crowded Trade in Treasuries Starts Long Before Yields Top

The appeal of a high coupon Treasury note has less to do with the income it pays than with what happens to its principal once yields turn. That distinction explains why institutional money crowds into the same position early, and why the reversal, when it arrives, tends to be fast rather than orderly.

James Stanley
James Stanley
  • Fixed Income

Videos

Discover dynamic insights with our curated video content. From expert interviews, breakdowns of global economics and timely market analysis, our videos unlock your ability to make informed decisions with clarity and confidence.

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Whitepapers

Seeking a more comprehensive look at your topics of interest? Our market-expert driven whitepapers deliver greater financial analysis through extensive research and meticulous attention to detail.

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Podcasts

Go deeper into the world of finance and trading with our ever-current StoneX podcasts. Our experts help inform your strategy with thought-provoking conversation that go beyond your typical news article.

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Webinars

Access expert-led, on-demand webinars from StoneX analysts around the world. Stay informed with in-depth discussions on global markets, designed to support and strengthen your strategy.

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Education

Take control of your cash flow and improve your balance sheet with StoneX's comprehensive education, tailored to meet your specific needs and goals in the commodities and financial markets.

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Glossary

Our glossary of trading terms, investment topics and in-depth research is designed to give you a better understanding of the financial markets. Improve your knowledge and enhance your strategies with our glossary.

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Thought leadership

Delve into expert financial analysis and opinion by industry insiders from across market sectors. StoneX thought leadership offers deep insights and actionable guidance designed to put you a step ahead of the competition.

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Upcoming events

September 10

Tech, Media & Telecom Conference

StoneX events|North America|Language: English

September 10 - September 17, 2026

Join us for the 13th Annual TMT Conference, which has been intentionally scheduled across two weeks this year to provide greater flexibility for management teams’ schedules. This event features 1x1 and small group in-person meetings with dynamic companies across key TMT sectors, including Internet, Broadcasting, Hardware, Software, AdTech, Entertainment, Digital Media, Gaming, and more.

Week 1: Thursday, September 10, 2026

Week 2: Thursday, September 17, 2026

Learn more

September 17

Taller de Gestión de Precios del Cacao

StoneX events|North America|Language: Spanish

September 17 - September 18, 2026

Miami, FL

Los mercados de materias primas están dominados por la incertidumbre. Los futuros de cacao por sí solos han disminuido en los últimos dos años, mientras productores, comercializadores y procesadores luchan por hacer frente a patrones climáticos impredecibles, enfermedades de los cultivos y operaciones especulativas. Conozca más sobre este tema en nuestro próximo Taller de Gestión de Precios del Cacao en Miami, FL.

Regístrese

September 17

North Carolina World Trade Summit

Third party events|North America|Language: English

September 17 - September 18, 2026

Charlotte, NC

Supporting conversations that shape global commerce.

StoneX is proud to sponsor the 2026 NCWTA Summit in Charlotte, NC, September 17-18.

Bringing together business leaders, policymakers and trade professionals, the Summit will explore the opportunities and challenges shaping international business and global trade.

We look forward to connecting with attendees and taking part in the conversation.

Learn More
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