Author: FX
West Texas Intermediate (WTI) Crude Oil trades sharply lower on Wednesday, falling more than 10% after a temporary ceasefire agreement between the United States and Iran reduced the geopolitical risk premium embedded in prices. At the time of writing, WTI is trading near $89.50 per barrel, after hitting an intraday low near $86, marking its lowest level since March 25.US President Donald Trump said on Truth Social that Washington would suspend attacks on Iran for two weeks, provided Tehran ensures the full reopening of the Strait of Hormuz. Iran signaled that safe transit through the key shipping route could be…
Neogen Q1 2026 Earnings Preview Source link
Headlines:Markets:WTI crude oil down 17% to $93.50European indices up over 4% with the DAX up 5% on the dayS&P 500 futures up 2.8%USD drops across the board10-year Treasury yields down 10 bps to 4.24%Gold up 2% to $4,797, Silver up 6% to $77.27It takes two to tango but even if not exactly the case, markets are sensing relief and scope for more optimism after US president Trump announced a two-week ceasefire with Iran. The positive thing about this is at least the Iranian camp also confirmed the ceasefire. However, there are still some separation as to what negotiations will entail.…
The Australian Dollar (AUD) is trading higher against the US Dollar (USD) for the third consecutive day on Wednesday, boosted by investors’ optimism about the ceasefire in Iran. The pair, however, has retreated from session highs at 0.7084 during the European trading session, returning to levels around 0.7040 at the time of writing as the dust from the US-Iran deal settled.News that Washington and Tehran had reached a deal to stop the hostilities for two weeks, less than two hours before US President Trump’s deadline, was welcomed by the market during Wednesday’s Asian session. Risk-sensitive assets like the Aussie rallied…
Delta Air Lines Non-GAAP EPS of $0.64 beats by $0.07, revenue of $15.85B beats by $1.03B Source link
The automatic support and resistance indicator operates as a visual mapping tool that highlights price levels where historical reversals or consolidations occurred. Unlike static horizontal lines traders draw manually, this tool continuously updates as new price data comes in. It analyzes swing highs and swing lows across your chosen timeframe, then marks zones where price previously struggled to break through. Think of it as having a trading assistant who never blinks. While you’re analyzing fundamentals or managing other positions, the indicator spots areas where institutional orders might be stacked or where retail traders typically place stop losses. On GBP/USD’s 1-hour…
UK house prices dipped a little in March, with the average property price now seen at £299,677. That also sees the annual house price growth slow to 0.8%, down from 1.2% in February. That shows the market has long some bounce going into the spring season but perhaps relative economic uncertainty from the events in the Middle East is also weighing.Halifax notes that:”Concerns about higher energy prices have pushed up inflation expectations, which in turn led to a rise in mortgage rates, reducing confidence that interest rates will be cut this year and dampening the initial momentum in the market…
The US-Iran ceasefire sent oil crashing 17%, stocks soaring, and gold sliding. Learn what “risk-on” means and why geopolitics moves forex markets. Source link
US President Donald Trump said on a Truth Social post that Tuesday was “a big day for world peace.” Trump added that the US will be “helping with the traffic buildup” in the Strait of Hormuz and that “big money will be made” as Iran begins reconstruction.Trump further stated that the US would be just “hangin’ around” in order to make sure everything goes well and that he was confident it would. He later added, “This could be the Golden Age of the Middle East.”The statement came after Iran accepted a two-week ceasefire after Trump said he would suspend attacks subject to…
EUR/NZD sold off sharply on US-Iran ceasefire news, but can the longer-term trend still resume at these correction levels? Source link