West Texas Intermediate (WTI) US Oil trades around $97.20 per barrel on Thursday, down 1.68% on the day after reaching an intraday high of $100.15, as markets balance improving supply conditions against escalating geopolitical risks.
Indices
S&P 500, Dow Jones, Nasdaq Analysis and pre-FOMC Trading Levels: Global equities face a severe downtrend following a hawkish FOMC and coordinated central bank warnings on oil-driven supply shocks. As Brent crude decouples and spikes to $116 , Gold drops 15% from its war highs. Explore an intraday technical analysis of the markets.
Commodities
Analyzing the massive oil price rally triggered by escalating Middle East conflict and Iranian threats to major Gulf exporters. We detail the Hormuz risk, the economic fallout, and key technical levels. Is Brent heading to $150 or falling to $95? Get the full crude oil price forecast
Forex
USD/JPY fell to 158.40 on Thursday as investors assessed both nations' central bank decisions. On the one hand, there was the Federal Reserve's (Fed) decision to hold rates steady, with Chair Jerome Powell claiming that higher energy prices will push up overall inflation.
Forex
AUD/USD trades around 0.7050 on Thursday, up 0.34% on the day, supported by the resilience of the Australian Dollar (AUD) following the release of Australia’s employment data.
Commodities
The March FOMC created a vacuum in Markets, pulling down Equity Indexes, Cryptos, Metals and general sentiment. Explore reactions from this morning's Post-FOMC Market bloodshed.
Forex
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is quiet against the Dollar, lagging most G10 peers as yield spreads move in favor of the USD after the Fed and Bank of Canada (BoC) meetings.
Forex
GBP/USD trades around 1.3300 on Thursday at the time of writing, up 0.28% on the day, supported by a mildly positive market reaction to the Bank of England (BoE) monetary policy decision.
The Bank of England kept rates unchanged at 3.75% as war in the Middle East and rising energy prices cloud the inflation outlook and complicate the path for UK monetary policy.
Commodities
Gold (XAU/USD) has fallen sharply to its lowest level since early February, hovering around $4,680, pressured by a strong US Dollar (USD).
