From a technical perspective, the FTSE 100 index is currently locked in a consolidation phase, attempting to establish a viable floor. The index is trading in a tight range centered around 10,310, as buyers and sellers battle for control. Immediate Resistance: The first hurdle for bulls sits at 10,470, which aligns with the 200-period Simple
Dollar edged higher today as fresh Iranian strikes on UAE energy infrastructure revived concerns over global oil supply, tempering the cautious optimism seen earlier in the week. While the move has not triggered a full risk-off shift, markets are clearly reassessing the durability of the recent stabilization in energy prices. Oil benchmarks reversed from Monday’s
The Reserve Bank of Australia lifted its benchmark rate for the second straight time as the conflict in the Middle East poses material risk to inflation. In a close call, the policy board, governed by Michele Bullock, decided to hike the cash rate target by 25 basis points to 4.10 percent. The decision was made
There is arguably just one to take note of on the day, as highlighted in bold below. That being for EUR/USD at the 1.1500 level. The downside push at the end of last week and early this week fell short of critically testing the 1.1400 level. And amid the turn in the risk mood yesterday,
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Key takeaways Choppy price action amid conflicting drivers: The AUD/USD has turned volatile, with commodity strength providing support while rising risk aversion, driven by stagflation fears from the US–Iran war 2026, has capped gains, leading to a failed breakout above 0.7140. Hawkish RBA outlook offers medium-term support: Expectations that the Reserve Bank of Australia may
Earlier: — A new energy shock linked to the Middle East conflict is complicating the Federal Reserve’s path toward rate cuts. This via Nick Timiraos, Wall Street Journal (gated). In brief …. Summary: The Federal Reserve is confronting new inflation risks linked to the Middle East conflict, complicating expectations for rate cuts. The Fed’s preferred
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Morgan Stanley expects the Fed to begin cutting rates in June but warns a surge in oil prices could lift U.S. recession risk. The Federal Reserve’s Federal Open Market Committee (FOMC) meet March 17 and 18. Summary: Morgan Stanley maintains its forecast that the Federal Reserve will begin cutting interest rates in June, with another
An Reserve Bank of Australia rate hike today is widely expected, but its not unanimous by any means. I’ve seen good arguments from those forecasting a ‘hawkish hold’. I expect the Bank will hike though: Statement due at 0330 GMT / 2330 US Eastern time, with Reserve Bank of Australia Governor Bullock speaking an hour
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Export prices in South Korea were up 10.7 percent on year in February, the Bank of Korea said on Tuesday – accelerating from 7.8 percent in January. On a monthly basis, export prices rose 2.1 percent – easing from 4.0 percent a month earlier. Subscribe to continue reading the article. This article is part of
Metals have been responding very unusually to the latest and ongoing US-Iran-Israel conflict, initially spiking higher but failing to withstand the pressure that followed. What is bothering Metals, as with virtually all other assets on the Market except for Crude and its beloved Petrodollar, is that supply tensions in Energy are known for their long-lasting
Axios reports: A direct communications channel between U.S. envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi has been reactivated in recent days, according to a U.S. official and a source with knowledge. Trump today said they weren’t talking about a deal but it would make sense that both sides would at least want to
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US Stock Benchmarks are now bouncing much higher as Oil retreats Participants are reacting positively to the few ships that successfully crossed the Strait of Hormuz Exploring Technical Levels for the Dow Jones, Nasdaq and S&P 500 We are now entering the third week of the US-Iran-Israel conflict that has seen thousands of missile and
