West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.50 during the early Asian trading hours on Wednesday. The WTI jumps to its highest since June 2025 as a widening conflict between the US, Israel, and Iran severely disrupts global energy supplies.
Forex
USD/JPY rose about 0.15% on Tuesday, pushing close to 157.60 as the pair continued to grind higher following last week's sharp rally.
Commodities
Market Reactions: Markets took a massive U-turn following a White House address from President Trump regarding ongoing operations in Iran. To shed morning anxiety, the President announced a security framework to protect commercial shipping routes and the Strait of Hormuz, causing Oil prices to retreat by 7 percent and Stock Markets to rebound sharply.
Forex
EUR/USD edges down during the North American session yet it has bounced off daily lows hit at 1.1530 on heightened tensions in the Middle East, despite a jump on inflation in the Eurozone. The pair trades at 1.1618, down 0.63%.
Crypto
Bitcoin (BTC/USD) retraces from $70,000 amid Middle East tensions and risk-off sentiment. The article discusses geopolitical headwinds, continued institutional buying by Michael Saylor and Anthony Pompliano, and a divided technical outlook with forecasts ranging from a painful crash to $40k-$50k to a recovery targeting $150,000. The $70,000 level is key.
Forex
USD/JPY trades higher on Tuesday as broad-based US Dollar (USD) strength weighs on the Japanese Yen (JPY). At the time of writing, the pair is hovering around 157.77, its highest level since January 23.
Indices
S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: US indexes see bloodshed amid global selling as the Petrodollar and WTI spike to new cycle highs. Dow Jones reached new cycle lows and Stock Benchmarks enter heavy correction – Tech remains solid. Supply shocks and traffic slowdowns in the Strait of Hormuz hinder the market outlook.
Forex
AUD/USD extends its pullback and trades around 0.6990 on Tuesday at the time of writing, down 1.36% on the day, after breaking below the 0.7000 level. The pair is now hovering at multi-week lows, pressured by renewed demand for the US Dollar (USD) and a market environment dominated by risk aversion.
Commodities
Gold's (XAU/USD) 5% plunge is a surprise given Middle East escalation. The selloff is driven by rising oil prices sparking inflation fears, leading to fewer expected Fed rate cuts (now 46bps), a surging US Dollar (DXY at 6-week highs), and profit-taking. Includes a technical outlook with $5000/oz key support retest having taken place.
Commodities
Silver (XAG/USD) extends losses on Tuesday, falling nearly 10% as a stronger US Dollar (USD) and rising US Treasury yields temper demand for safe-haven assets despite fragile market sentiment linked to the ongoing US-Iran conflict.
