Given the strength of the resistance level 105.00, overbought daily Stochastic and the strongly bearish sentiment across on the crude oil markets on the USA-Iran peace talks , WTI crude oil can be expected to fall to the next support level 83.50 (low of the previous correction 2). WTI crude oil broke daily Triangle
US-Iran ceasefire boosts gold and stocks as falling oil prices weaken the dollar and ease global inflation-driven interest rate fears. Geopolitical De-escalation and the Resurgence of Risk The sudden announcement of a two-week ceasefire between the United States and Iran has fundamentally rewritten the market narrative, sparking a powerful “risk-on” rally across global exchanges. By
The Indian rupee was poised to strengthen on Wednesday after a two-week ceasefire agreed between Iran and the US triggered a sharp fall in oil prices and lifted risk sentiment across Asian markets. The truce prompted the reopening of the Strait of Hormuz and offered oil-importing India a significant measure of relief after weeks of
The pound rose on Friday after the United States and Iran agreed to a two-week ceasefire. The ceasefire sparked optimism across financial markets, particularly as oil prices declined sharply, easing concerns around inflationary pressures. Sterling rose 1% on the day to trade at $1.342, marking its highest level since March 23. The currency is now
China is intensifying its push toward a fully digitized financial system after urging banks to integrate blockchain technology into lending and tax data infrastructure. The directive, issued by the State Administration of Taxation and financial regulators in China, shows a deeper interest in transforming how credit is assessed and distributed across the Chinese economy. Authorities
European currencies have moved into consolidation after a brief recovery, as traders remain cautious amid an uncertain geopolitical backdrop. Price action reflects a balance between a softer US dollar and limited momentum for further gains in the euro and pound, keeping both pairs range-bound. Developments around Iran remain the main driver. Although global markets have
This preview of weekly data examines USOIL and XAUUSD, with economic data expected later this week as the primary market drivers of the near-term outlook. Highlights of the week: FOMC minutes, US GDP, PCE & inflation Wednesday FOMC Minutes at 18:00 GMT, where investors and traders will be paying close attention to any hints from
The Indian rupee was expected to trade in a narrow range around 93 to the dollar on Tuesday as the Reserve Bank of India continued to support the currency following a period of sharp volatility that had driven it to record lows. The central bank’s intervention has provided a floor, but geopolitical uncertainty and elevated
Given the clear daily uptrend, WTI crude oil can be expected to rise to the next resistance level 110.00 (which reversed the previous sharp upward impulse wave (1) , as can be seen from the daily WTI crude oil chart below). WTI crude oil broke round resistance level 100.00 Likely to rise to resistance
Markets face extreme volatility driven by crucial US jobs data, escalating Iran-US tensions spiking oil, and diverging global central bank policies. The High-Stakes US Employment Rebound The global financial community is currently holding its breath for the release of the March Nonfarm Payrolls (NFP) report, a data point that carries immense weight following February’s alarming