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The US dollar maintains a firm tone and remains on track to register a second consecutive week of strong gains, benefiting from its role as a primary safe-haven asset amid rising global risk aversion. The surge in oil prices triggered by…
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USDJPY maintains a firm tone and is approaching Monday’s peak at 158.89, after the broader uptrend from the February 12 low at 152.26 was only briefly interrupted by a shallow correction between 158.89 and 157.27 during Monday and Tuesday.…
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WTI crude extended its pullback from Monday’s three-and-a-half-year peak at $119.44 on Tuesday, following a sharp and unexpected shift in market sentiment after President Donald Trump suggested that the war in the Middle East could end…
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In a scenario widely anticipated by the market, WTI crude opened the week with a significant upward gap, surging to nearly $120 per barrel — its highest level since mid-2022. Rising concerns over prolonged supply disruptions continue to…
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US Nonfarm Payrolls unexpectedly declined by 92K in February, compared with a downwardly revised increase of 126K in January, while economists had anticipated a gain of 50K. The unemployment rate rose to 4.4% from 4.3% in January,…
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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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