Earlier this week we’ve seen a major whipsaw in crude oil, as WTI spiked above $119 per barrel then crashed right back below $100 in a single trading session. This kind of 25% intraday swing doesn’t happen without a serious reason. And the reason still revolves around the Strait of Hormuz, the narrow waterway through which roughly 20% of…
There are just a couple to take note of on the day, as highlighted in bold below. That being for EUR/USD at the 1.1640-50 levels. After the drop since the start of last week, we’re finally seeing the pair move back above its 100-hour moving average (seen at 1.1597 currently). However, price action continues to rest below the 200-hour…
China’s Trade Balance for January-February, in Chinese Yuan (CNY) terms, arrived at CNY1.5 trillion, widening from the previous figure of CNY808.80 billion. Exports climbed 19.2% YoY in January-February vs. 5.2% in December. The country’s imports rose 17.10% YoY in the same period vs. 4.4% recorded previously. In US Dollar (USD) terms, China’s Trade Surplus expanded more than expected in January-February. Trade Balance…
Wednesday’s February CPI report could either confirm that U.S. inflation was cooling before the Iran conflict erupted — or signal that price pressures were already rebuilding before oil prices had a chance to make things worse. Will the data give the Fed room to ease, or is the inflation fight far from over? Here’s what markets are expecting from…
Summary of weekend notes ICYMI: Higher oil prices linked to geopolitical tensions could lift U.S. inflation if the increase persists for several months. Goldman Sachs estimates a sustained 10% rise in oil prices could add about 0.28 percentage points to headline CPI. In one scenario, U.S. inflation could rise from 2.4% to around 3% if oil increases by about…
Australia National Australia Bank’s Business Conditions unchanged at 7 in February
2026.03.09 2026.03.09 US Dollar Rises As Middle East Tensions Drive Safe-Haven Demand. Forecast as of 09.03.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US labor market is so weak that it cannot withstand a strike. However, investors are concerned that the situation overseas is much more dire. The conflict in the Middle East has triggered a sell-off in the EUR/USD pair. Let’s discuss…
Markets whipsawed through a dramatic Monday session as oil prices first surged above $100 per barrel on escalating Middle East conflict fears before crashing more than 20% after President Trump signaled the Iran war could conclude sooner than expected. The wild intraday reversal sent equities from deep losses to modest gains while the U.S. dollar traded mixed against major…
Trump was asked if the war will be over this week: “No”. Summary: Donald Trump said U.S. forces have destroyed much of Iran’s naval capability and are heavily degrading its drone and missile production. Trump claimed the campaign is ahead of the administration’s original timeline and suggested the conflict could soon conclude. He warned Iran would face stronger attacks…
United States (US) President Donald Trump told NBC News on Monday that he did not want to discuss whether he would like the US to seize Iranian Oil, adding that he believes it’s too soon to talk about it. Key takeaways Trump did not want to discuss whether he would like the US to seize Iranian oil, but added:…
