Author: FX
Reports that Iran is launching attacks on US forces in Bahrain, and also attacking military base housing US diplomatic centered near Baghdad international airport. The price of crude oil is extending above the $92 level. The high price of just reached $92.61. The current price is trading at $92.20. That’s up $11.19 or 13.81% on the day.Earlier today, I highlighted the 5-minute chart and outlined levels that would tilt the bias more toward the downside and give sellers greater control. A key requirement was a move below the 38.2%–50% retracement of the most recent rally. The corrective move off the…
ECB’s Isabel Schnabel is is speaking and says:Temporary inflation overshoot is of little relevance if expectations remain anchored.ECB is still in a good placeIran war creates upside inflation risks.Central bank must monitor persistence of energy price shockPost-pandemic lessons suggest ECB must tread carefully. With inflation projected to be at our target over the medium-term, inflation expectations anchored, monetary policy remains a good place.Isabel Schnabel is a member of the European Central Bank’s Executive Board and is widely regarded as one of the more hawkish voices within the ECB. A German economist and former professor of financial economics, she has developed…
Kansas City Fed Pres. Jeffrey Schmid is speaking and says: Businesses are pausing on hiring.Labor market is under a structural not cyclical strainJeffrey Schmid leans to the hawkish side on the Federal Reserve. In his most recent public appearance on March 3, 2026, he signaled his continued opposition to further interest-rate cuts, stating that there is “no room to be complacent” as inflation remains “too hot”.His current policy stance is defined by the following key points:Opposition to Rate Cuts: Schmid has consistently voted against recent interest rate reductions, including formal dissents in late 2025 where he preferred to leave the…
Ziff Davis to sell Ookla and Downdetector to Accenture as part of $1.2 billion deal (March 3) Source link
Is Bitcoin still acting like “digital gold” or moving as a risk asset these days? In the span of just a few days, BTC/USD swung nearly $10,000 as it tumbled sharply on war fears then surged wildly on diplomatic hopes. If you’re confused about why Bitcoin is moving like a tech stock during a geopolitical crisis instead of holding steady like gold, you’re not alone. Let’s break down the market dynamics driving the OG crypto these days, shifting correlations with gold and tech stocks, and what trading lessons we can take away from its chaotic price performance. The Basics: Decoding…
The jobs report was a tough mess.It is just one month but it was not a good month.If we get several months like this data, it would be of concern.It is hopeful that we see continued progress on inflation. Hopeful that we can resume the rate cuts by the end of the year.Question is whether inflation rates will be temporary or is it long haul .Oil price shocks can lead to stagflationary direction. Stagflation is worst case scenario for banks.Reasons we are seeing low hiring, low firing is uncertainty.Remains hopeful we will see progress on inflationNon-tariff inflation has been disturbingly…
ABN AMRO expects Eurozone and German industrial production to rebound, helped by recovering domestic demand and stronger defence-related activity in Germany. However, it looks for a pullback in German factory orders after late-2025 strength. Overall, the bank judges manufacturing to be on a recovery path, but notes new headwinds from higher energy prices that could temper momentum.Industrial output seen rebounding cautiously”Eurozone – Industrial production is likely to have rebounded in Germany and the broader eurozone, reflecting the recent recovery in domestic demand – especially from the defence sector in Germany.””With that said, factory orders in Germany are likely to register…
We’re starting to see oil prices approach the highs from yesterday and most notably, WTI crude oil is wanting to hold above the crucial $80 mark. Despite all the volatility and a couple of downside spikes here and there, it’s been an otherwise one-sided push higher mostly for oil prices all through this week.Right now, we’re seeing WTI crude oil be up 0.7% on the day to $81.70 while Brent crude oil is up 0.6% near the $86 mark. All of this will just continue to reinvigorate talks of prices potentially hitting triple digits next.WTI crude oil 15-minute chart ($/bbl)The…
MUFG’s Senior Currency Analyst Michael Wan notes that Brent Oil has eased to around US$85/bbl as the US administration considers multiple policy tools to address higher Oil and gasoline prices during the Iran conflict. Potential measures include strategic reserve releases, regulatory waivers and even futures market intervention, leaving global and Asian markets cautious about weekend gap risks.US policy debate cools Brent prices”Brent oil prices moderated slightly to US$85/bbl, as reports emerged that the Trump administration is weighing options for addressing the spike in oil and gasoline prices amid the war in Iran, according to US Secretary Doug Burgum.””The potential policies…
The MT5 Signal Indicator is a technical analysis tool designed to generate buy and sell alerts based on specific market conditions. Unlike simple moving average crossovers, this indicator combines multiple data points—typically including momentum oscillators, trend filters, and volatility measurements—to produce signals. When a trader installs it on their MetaTrader 5 platform, they’ll see visual alerts (arrows, dots, or bars) directly on the price chart marking potential entry points. Most versions of this indicator work by screening for confluence. That means it’s looking for situations where several technical factors align at once. A buy signal might appear when price bounces…