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WTI crude oil surged above $86 per barrel on Friday, extending its sharp rally into a fifth consecutive session and putting the market on track for its strongest weekly advance since early 2022, when the conflict in Ukraine first erupted.…
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USDJPY advanced on Thursday after the recent pullback from a new multi-week high at 157.96 (Mar 3) was contained by the rising 10DMA at 156.34. Price action on Thursday has so far formed a Hammer candle on the daily chart, suggesting a…
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Gold edged higher on Wednesday, gaining 1.6% in Asian and European trading, following a more than 4% drop on Tuesday. The yellow metal had come under pressure from a stronger US dollar, driven by increased safe-haven demand and reduced…
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WTI oil opened Monday with a sharp $6 upside gap after hostilities between Israel, the United States, and Iran erupted over the weekend. The front-month contract surged to $73.35 per barrel, up from Friday’s close at $67.30, marking its…
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Gold advanced sharply in early US trading on Friday after moving within a tight range through the Asian and European sessions, as buyers regained momentum following a three-day consolidation beneath the February 24 recovery peak at $5249.…
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WTI oil prices dropped sharply on Thursday, sliding more than 3% to their lowest level in over a week, after an unexpected and substantial build in US crude inventories weighed heavily on market sentiment. Data released on Wednesday…
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A survey published on Wednesday by the Nuremberg-based market research institute GfK indicated that German consumer sentiment is expected to deteriorate further in March, as households remain cautious amid a challenging geopolitical…
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AUDUSD climbed to a two-week peak at 0.7116 in early Wednesday trading, supported by the release of Australia’s latest CPI figures. Inflation remained elevated in January, holding steady at 3.8% year-on-year, while core inflation printed…
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USDJPY advanced 0.9% on Tuesday after Japan’s Prime Minister Takaichi voiced concerns over further interest rate hikes by the Bank of Japan, a stance that contrasts with broad market expectations for borrowing costs to rise toward 1% in the…
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WTI oil maintains a firm stance, trading just below its fresh multi-month peak at $67.27, with Monday’s long upper shadow having only a limited dampening effect. The formation resulted from a brief spike to a new high followed by a swift…
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