WTI Oil rebounds toward $89.00 as US enforces Hormuz blockade
Oil prices climbed during the Asian session after the US military announced a complete blockade of the Strait of Hormuz on Tuesday. The move tightened supply concerns and cast doubt over the next round of negotiations with Iran. As a result, US benchmark West Texas Intermediate (WTI) surged by around $4, recovering earlier losses and […]
EUR/GBP slips toward 0.8700 as cautious sentiment dominates markets
The Euro (EUR) is edging lower against the British Pound (GBP) at the start of a quiet trading week, with several markets closed for Easter Monday. Risk sentiment remains fragile, largely due to rising concerns over a potential escalation in the Iran conflict. At the time of writing, the pair is trading around 0.8720, down […]
WTI crude slips toward $99.50 as hopes of a potential truce ease supply concerns
West Texas Intermediate (WTI) crude ended its four-day rally, hovering near $99.60 per barrel during Tuesday’s Asian session. Oil prices softened amid rising expectations that US President Donald Trump could move to de-escalate the Iran conflict, reducing fears of extended supply disruptions. A report from The Wall Street Journal suggested that Trump has indicated to […]
Asian markets rise as Trump’s ceasefire push lifts sentiment
Asian stock markets continued their recovery on Wednesday, building on Tuesday’s gains as US President Donald Trump stepped up efforts to ease tensions in the Middle East with Iran. Major indices moved higher across the region. Japan’s Nikkei 225 jumped 2.85% to around 53,730, China’s Shanghai Composite rose 1% near 3,920, Hong Kong’s Hang Seng […]
Gold trims losses but gains remain limited amid strong USD and rate hike concerns
Gold (XAU/USD) recovered a large portion of its intraday decline and moved closer to the $4,400 level during Tuesday’s European session. However, the overall recovery still looks weak. Ongoing tensions involving Iran continue to raise inflation concerns, reducing expectations for interest rate cuts. This situation creates pressure on gold, which does not offer yields. At […]
WTI Oil Falls as Delay in US Strikes Reduces Middle East Supply Concerns
WTI crude oil prices declined sharply on Monday, trading near $92.20 at the time of writing, down more than 5% on the day. Prices dropped from around $100 to an intraday low near $84, marking the weakest level in over a week as tensions in the Middle East showed signs of easing. The fall came […]
WTI Price Forecast: Pullback After Failing to Sustain Above $100
West Texas Intermediate (WTI) crude futures on NYMEX are trading more than 1% lower, hovering near $93.10 during early European trading on Friday. Oil prices are under pressure as easing geopolitical tensions in the Middle East reduce supply concerns. Developments such as Israel’s commitment to avoid targeting Iranian oil infrastructure and the possibility of easing […]
Gold Drops Below $4,800 as Strong Dollar Pressures Prices Despite Rising Global Tensions
Gold prices slipped below the $4,800 level on Thursday, hitting their lowest point in over a month. The decline came as the US Dollar stayed strong after the Federal Reserve signaled a tough stance on inflation, making gold less attractive to investors. Although gold saw some small gains earlier in the day, it failed to […]