Author: FX
The oil market is currently navigating a period of extreme volatility as geopolitical headlines clash with rapid shifts in diplomatic sentiment. Just a day after crude oil futures plunged over 10%—settling near $88.13 following a temporary postponement of strikes on Iranian energy assets—the narrative has shifted back toward escalation. Fresh reports suggest that Gulf states are edging toward war with Iran as Saudi Arabia signals a potential move toward direct military involvement. By opening key air bases for U.S. use, Riyadh is signaling a firm shift toward re-establishing deterrence, creating a high-stakes environment for traders where technical supports are being…
Silver (XAG/USD) resumes its broader downside trend on Tuesday after Monday’s firm recovery move, as Iran denies involvement in talks with the United States (US) regarding the resolution of the war in the Middle East. During the press time, XAG/USD is down 3.2% to near $66.90.Iranian officials downplayed the prospect of negotiations with the US after Parliament Speaker Mohammad Bagher Ghalibaf said no talks have been held with it. Also, Iran’s Foreign Ministry reiterated that its stance on the Strait of Hormuz and conditions to end the war remain unchanged, adding that Tehran has not responded to messages relayed by…
Tuesday’s Economic Calendar Source link
Is the trend still our friend on AUD/JPY? The pair is sitting on a confluence of support levels visible on its 4-hour time frame. Check out these potential inflection points. AUD/JPY 4-hour Forex Chart Faster with TradingView This Aussie pair has been cruising higher since late January, forming higher lows connected by an ascending trend line that’s currently being tested ahead of the Australian CPI release. This area happens to be right in line with a bunch of other technical levels, which could attract buyers to sustain the climb. Or is AUD/JPY gearing up for a breakdown and reversal? Remember…
Interest rate hike expectations are running pretty high for the RBA, so a hotter inflation print could seal the deal for May. Our Event Guide for Australia’s CPI notes that underlying metrics like services inflation could already reflect sticky price pressures, even before energy costs surged during the US-Iran war. Here’s what I’m watching on AUD/CHF and AUD/CAD if this happens. Source link
GBP/USD is knocking on a key range resistance area. Will Cable turn lower as it did on previous retests, or are we finally looking at a potential breakout in the next couple of days? Let’s zoom in on the 4-hour time frame: GBP/USD 4-hour Forex Chart Faster with TradingView The U.K. CPI is due this week, and traders may largely shrug off a cooler print as they focus on pricing in March’s oil shock. But if U.S.-Iran tensions continue to ease or U.K. PMI data disappoints, then Sterling could come under pressure again as markets shift back toward pricing in…
Australia is about to drop its last CPI report untouched by the oil price shock! Our Event Guide for Australia’s February CPI Report suggests that, after the RBA’s hawkish hike last week, any downside reaction in AUD may be limited. Here’s why AUD/USD and EUR/AUD are the setups to watch if inflation comes in as expected or slightly cooler. Source link
Earlier:PBOC is expected to set the USD/CNY reference rate at 6.8840 – Reuters estimatePBOC inject 17.5bn yuan in 7-day reverse repo OMO at 1.4% (unchanged rate) This article was written by Eamonn Sheridan at investinglive.com. Source link
San Francisco Federal Reserve Bank President Mary Daly said that unless the Iran conflict resolves quickly and the central bank can simply “look through” a temporary increase in oil prices, it is not clear what the next move on interest rates will need to be, Reuters reported on Monday.Key quotesThere are at least two possible paths for the economy.Protracted conflict may amplify monetary policy tradeoffs. Fed needs to stay flexible on monetary policy given risks.Too much forward guidance risks a false sense of certainty.Economy impact would be short-lived if the war resolves quickly.Recognising uncertainty is optimal communication.Policy is in a good…
Oil States selects CFO Hadjik as new President and CEO with Taylor set to retire Source link