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 drive prices higher, particularly amid the closure of the Strait of Hormuz, damage to key oil facilities, and…

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. Mounting concerns over potential supply disruptions continue to drive prices higher, particularly amid fears…

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 possible end to the shallow corrective phase from 157.96 to 156.44. The broader technical structure remains…

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 expectations of Fed rate cuts. Wednesday’s rebound, which recovered roughly 50% of Tuesday’s decline, indicates…

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 highest level since June 23. While markets had partially priced in the risk of escalation, the initial…

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. The broader technical outlook remains constructive. A break above the upper boundary of a triangle pattern…

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 revealed that US crude stocks surged by nearly 16 million barrels last week, far exceeding forecasts for a 1.8…

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 at 3.4%, marking its highest level in 16 months. Both readings exceeded market forecasts of 3.3% for headline…