Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more "noise" than signals of a short-term surplus. As of 3:50 PM WIB, Brent was at $69.60/barrel (+0.29%) and WTI was at $64.83/barrel (+0.31%). The gains were moderate, but enough to keep prices near the psychological $70 level for Brent. From a geopolitical perspective, market focus is on the potential for escalation in the Middle East. Recent reports...
The GBP/USD surged during the North American session, rising back above the 1.36 figure as hostilities within the Israel-Iran conflict escalated over the weekend and continued into the new week. At the time of writing, the pair trades at 1.3600, gaining 0.27%. Last Friday, the GBP/USD retreated on risk aversion and plunged to 1.3515 as Israel delivered strikes on Iran's military and nuclear facilities, alongside targeted attacks on senior officials. Since then, Iran has retaliated, and with both parties exchanging blows, a truce seems far from reach. The Dollar began the week on the back...
EUR/USD recovered after posting a loss of 0.25% last Friday, as hostilities between Israel and Iran began, which boosted the Greenback's appeal. Nevertheless, with both parties set to continue exchanging blows and a slightly diminished risk of turning into a regional conflict, an improvement in risk appetite underpins the shared currency. The EUR/USD trades at 1.1572, up 0.17%, after reaching a daily low of 1.1523. The Greenback trades on the back foot. A scarce economic docket in the United States (US) revealed that manufacturing activity in the New York area plunged to its weakest reading...
The Japanese Yen (JPY) is treading water against the US Dollar (USD) on Monday as traders sit on the sidelines ahead of the Bank of Japan's (BoJ) policy announcement, scheduled for Tuesday. The USD/JPY pair is struggling to advance further after Friday's gains, which were underpinned by heightened Israel-Iran tensions, and stays confined within a narrow range. At the time of writing, the pair hovers near 144.20, close to its 21-day Exponential Moving Average (EMA) at 144.19. Intraday moves have been limited so far, with the day's high marked at 144.75. The low at 143.65 reflects a cautious...
Silver prices are stalling above $36.00 on Monday, with bullish momentum taking a breather after a sharp multi-week rally. At the time of writing, XAG/USD remains up more than 10% for the month, although the metal now appears to be consolidating as it searches for a fresh directional catalyst. The US Dollar has lost ground despite the geopolitical backdrop, with its traditional safe-haven status coming under pressure amid political instability and uncertainty over trade policy. A softer USD has helped keep Silver supported near $36.38, following a modest 0.2% gain from Friday. The...
Oil prices fell more than $2 per barrel on Monday after reports that Iran is seeking an end to hostilities with Israel, raising the possibility of a truce and easing fears of a disruption to crude supplies from the region. Brent crude futures fell $2.65, or 2.7%, to $71.58 a barrel by 11:05 a.m. ET (1506 GMT). U.S. West Texas Intermediate crude futures fell $2.71, or 3.7%, to $70.27 per barrel. Iran has asked Qatar, Saudi Arabia and Oman to press U.S. President Donald Trump to use his influence on Israel for an immediate ceasefire in return for Tehran's flexibility in talks about its...
he dollar index extended losses to 97.8 on Monday, back again to 2022-lows, as traders dialed back some risk-off positioning while closely watching developments in the Israel-Iran conflict. Sentiment further improved following reports that Iran is signaling a willingness to resume negotiations over its nuclear program. The Wall Street Journal reported that Tehran has informed Arab officials that it is open to resuming negotiations, provided the United States refrains from participating in the attacks, citing officials. The news come as Israel and Iran continued to exchange attacks for a...
Gold is trading lower on Monday as a combination of profit-taking and geopolitical risks continues to drive prices. At the time of writing, XAU/USD is trading around $3,390, as it retreats below the former $3,400 psychological support level. The metal's safe-haven appeal, coupled with swings in US 10-year Treasury yields, remains the principal driver of prices; however, profit-taking at elevated levels has capped further gains. Geopolitical tensions continue to underpin demand: the conflict between Israel and Iran, now entering its fourth day, shows no sign of easing, and calls for...
Gold (XAU/USD) is experiencing a mild pullback during the European session after reaching a two-month high of $3,452.72 in the Asian session on Monday. Geopolitical tensions, especially the conflict between Israel and Iran, have contributed to supporting Gold prices. However, after peaking, XAU/USD pulled back, trading above $3,400 at the time of writing. The main drivers of Gold prices so far have been their safe-haven appeal, movements in US 10-year Treasury yields, and profit-taking at higher levels. Tensions between Israel and Iran have escalated over the weekend and are entering the...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....