Author: FX
A commander in Iran’s Revolutionary Guard Corps (IRGC) said that the Strait of Hormuz is closed and Iran will fire on any ship trying to pass, Reuters reported on Tuesday.”The strait (of Hormuz) is closed. If anyone tries to pass, the heroes of the Revolutionary Guards and the regular navy will set those ships ablaze,” said Ebrahim Jabari, a senior adviser to the Guards’ commander-in-chief.Market reactionAt the time of writing, the Gold price (XAU/USD) is trading 1.32% higher on the day to trade at $5,331. Meanwhile, the West Texas Intermediate (WTI) is down 0.31% on the day at $71.10. Risk sentiment…
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Markets digested the reverberations of escalating US-Israeli military strikes on Iran that began over the weekend, with oil surging and safe-haven flows dominating price action as traders weighed inflation risks from potential energy disruptions against manufacturing data showing persistent price pressures. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Military conflict erupts in the Middle East this weekend after U.S. and Israel attack Iran, followed by regional attacks by Iran on U.S. bases and allies. Australia S&P Global Manufacturing PMI Final for February 2026: 51.0 (51.5…
Crude oil prices have pushed back above the $72.50 level, with WTI now trading roughly 7.8% higher on the day, as geopolitical risk continues to dominate price action. The latest advance follows a corrective pullback earlier in the North American session that saw prices dip toward the $70 area before buyers stepped back in and drove the market higher once again.Earlier in the day, crude extended to a session high of $75.33, reflecting an aggressive risk premium being priced into the market as a result of the start of the Iranian war. More recently, there has been a reports that…
The Australian Dollar (AUD) registers losses versus the Greenback on Monday following over-the-weekend developments in the Middle East, which triggered a flight to safety, weighing on the AUD/USD pair. At the time of writing, it trades at 0.7083, down 0.37%.Aussie weakens as Middle East escalation, firm US data fuel haven demandSentiment remains negative after the US President Donald Trump threatened that attacks on Iran are going to continue for four or five weeks. He added that the “big wave” in the war with Iran is yet to come.Last weekend, an attack by US and Israeli forces eliminated Iran’s Ayatollah Ali…
The S&P 500 and NASDAQ initially buckled under the weight of escalating tensions in Iran, but the “first move” once again proved to be an overreaction. After a steep premarket slide, buyers stepped in during early U.S. trading, sparking a sharp recovery and stabilizing risk sentiment.The NASDAQ’s intraday journey was particularly telling: after plunging over 300 points premarket, it has clawed back the vast majority of those losses to sit down just 25 points.The Support TestTechnical traders found their “green light” today as both indices dipped into established support zones before finding an aggressive bid.IndexKey Support ZoneToday’s LowVerdictS&P 5006764.66 –…
El Ibex 35registró un máximo diarioen 18.087,encontrando vendedores agresivos que llevaron el índice a mínimos del 16 de febrero en 17.724. Actualmente, el Ibex 35 opera en 17.770, perdiendo un 2.83% diario.Amadeus IT Group e International Consolidated Airlines lideran las pérdidas en el Ibex 35Los títulos de Amadeus IT Group (AMS) se deslizan un 5.31% el día de hoy, llegando a mínimos del 26 de febrero en 49.55€, terminado con una racha de cuatro sesiones consecutivas en zona de ganancias.En la misma sintonía, los valores de International Consolidated Airlines (IAG) retroceden un 5.39% en la jornada de lunes, alcanzando mínimos…
CAD/JPY is hanging out near a key inflection point that could help extend the pair’s 2026 gains. The recent U.S. and Israel attack on Iran has added fresh uncertainty to markets and pushed traders to pay closer attention to oil. That matters for CAD/JPY because the Canadian dollar tends to move with oil prices, while the Japanese yen can strengthen when risk sentiment turns cautious. As a major oil importer with significant reliance on Middle Eastern supply (and a history of importing Iranian crude during past waiver periods), Japan is especially exposed to any Iran-related disruptions. Concerns over supply stability…
The European Commission is said to have sent an email to EU governments, in noting that it sees no immediate impact on the bloc’s security of oil supply from the situation in the Middle East. That according to Reuters, who has glanced over the email details with it stating that:”At this stage, we do not foresee an immediate oil SOS (security of supply) impact.”That being said, the EU is considering to convene an ad-hoc meeting of its oil coordination group later this week. Adding that it has requested member states to share their oil security of supply assessments by the…
ING’s commodities strategists Ewa Manthey and Warren Patterson say Gold is pushing higher as markets react to escalating tensions between the US, Israel and Iran. They stress that Gold’s safe-haven role is reinforced by contained real yields, strong central bank buying and expectations of policy easing, suggesting any downside should be limited even if tensions stabilise.Safe haven demand underpinned by risks”Gold is pushing higher on Monday as markets reopen to the weekend’s escalation between the US, Israel and Iran. Renewed tensions inject a fresh geopolitical risk premium at a time when investor positioning was already constructive.””This reinforces gold’s role as…