Commodities
Silver (XAG/USD) trades with a downside bias on Thursday, coming under pressure as macro headwinds stemming from the ongoing US–Israel war with Iran weigh on sentiment.
Commodities
WTI and Brent Oil update: Market skepticism grows as President Trump’s optimistic rhetoric clashes with a 14% spike in WTI prices. As traders pivot toward tomorrow's NFP data and potential weekend escalations, the Oil-Stock inverse correlation persists amid the ongoing Hormuz blockade. Explore an intraday outlook and technical levels for WTI and Brent.
Indices
S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: Market certainty vanishes as President Trump’s latest U-turn and reported Iranian attacks on US infrastructure shatter de-escalation hopes. With WTI struggling to close below the $100 mark and the Pentagon preparing for limited ground operations, equity benchmarks face a fragile holiday session. Explore an intraday technical analysis of the markets ahead of the NFP release.
NFP Preview: Can the labor market withstand the "Stagflation" storm? Geopolitical oil shocks are reigniting inflation, trapping the Fed between fighting rising energy prices and a cooling jobs market. Get consensus forecasts for the March employment report (NFP, wages, unemployment) and scenario-based reactions for the DXY and Dow Jones.
Forex
The British Pound retreats during the North American session after US President Donald Trump escalated the conflict, hinting that it will at least extend for two to three weeks. At the time of writing, the GBP/USD trades at 1.32144, down 0.40%.
Forex
The AUD/USD fell to near the 0.6890 price region on Thursday, as markets turned sour amid escalating Middle East fighting and a surge in the safe-haven US Dollar (USD).
Commodities
Market volatility surges as President Trump’s White House address reignites fears of a Middle East ground operation. WTI Crude spiked 14% overnight to $114, triggering a massive downturn in global assets and sending the Dow Jones into a potential bull trap below 47,000. Explore an intraday Market check ahead of the long holiday weekend.
Euro area inflation rose to 2.5% mainly due to higher energy prices driven by tensions in Iran, while core inflation remained subdued. Price pressures have not broadly spread across the economy, but second-round effects may emerge over time. The European Central Bank is likely to respond cautiously, with limited need for aggressive rate hikes.
OPEC+ is likely to weigh a further oil output quota hike at the meeting on April 5, Sunday, to prepare for any easing of Strait of Hormuz export constraints, according to a report from Reuters.
Forex
The Euro declines more than 0.5% against the safe-haven US Dollar on Thursday, extending its reversal from Wednesday’s highs at 1.1625 to session lows just below 1.1520 so far.
