Forex
The General Administration of Customs will publish its data for February on Tuesday at 03.00 GMT. Trade balance is expected to widen to $179.60B in February, compared to $114.10B in the previous reading.
Forex
AUD/USD jumped about 0.8% on Monday, closing just shy of 0.7100 in a session that erased a large portion of last week's pullback.
Forex
News that several countries have cut Oil output hit the financial markets on Monday as Oil producers claimed they are unable to export through the Strait of Hormuz amid threats from Iran.
US Dollar, AUD/USD and EUR/USD Analysis: The US Dollar took a turn lower after reaching 2026 highs as geopolitical tensions from the US-Iran-Israel conflict triggered a global rush for dollar liquidity. With WTI and Brent experiencing historic volatility, traders are now watching whether the Dollar’s momentum can extend further across key FX pairs.
Commodities
President Trump indicated the war is pretty much complete, suggesting an acceleration of the initial timeline. This announcement triggered extreme volatility in Oil, with 30% up and down swings.
Watch the $85 level for tomorrow's action.
Forex
The Canadian Dollar (CAD) struggles to build on gains against the US Dollar (USD) on Monday as a sharp pullback in Oil prices weighs on the commodity-linked Loonie, even as the Greenback trades under pressure.
Commodities
To start the week, we join OANDA Senior Market Analyst Kelvin Wong and podcast host Jonny Hart in discussing skyrocketing oil pricing amidst tensions in the Middle East and a scheduled G7 meeting to discuss the release of held crude reserves, as well as the fallout across financial markets.
Indices
S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: Stock Markets are at a key standpoint. Overnight Futures trading marked struggled as US-Iran-Israel war enters its second week. WTI Oil gapped to $120 dollars but retraced since, helping market prospects. Stagflation fears persist as the conflict is projected to last five more weeks.
Forex
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Euro is weaker versus the Dollar despite a more supportive rate outlook as markets focus on geopolitical risks.
Commodities
Gold (XAU/USD) is locked in a tug of war as safe-haven demand from escalating Middle East tensions battles the hawkish rate outlook fueled by soaring oil prices. This analysis reviews the impact of the Iran strikes, reduced Fed rate cut expectations, and the potential G-7 oil reserve release. We also cover the technical setup as a breakout looms.
