If you’re new to trading, it’s easy to assume that all “safe-haven” currencies do the same thing when markets panic: they go up. Last week was a brutal reminder that they don’t. After the US and Israel launched Operation Epic Fury against Iran, killing Supreme Leader Ayatollah Ali Khamenei and triggering a widening regional conflict, traders rushed for safety….
Even with the decline, oil prices are still some 14% higher on the day so far. It underscores the fact that that the roughly $12 drop is just a minor knock. And that typically is what the IEA reserves release tends to suggest in extraordinary circumstances. It was the same back in 2022 amid the Russia-Ukraine conflict. All else…
The Indian Rupee (INR) sinks to a fresh all-time low against the US Dollar (USD) in the opening trade on Monday. The USD/INR pair opens higher around 92.80 as the Indian Rupee faces the heat of the boiling oil prices, and the US Dollar strengthens due to risk-off market sentiment and higher oil prices. On the NYMEX, WTI oil…
It’s a battle between the safe-havens! CHF/JPY is stuck in a holding pattern these days, as geopolitical tensions are keeping traders on edge. Which lower-yielding currency will dominate? CHF/JPY 4-hour Forex – Chart Faster with TradingView With the US-Iran conflict not showing any signs of simmering anytime soon, traders are still scrambling to safe-haven lower-yielding currencies like the franc…
It’s always darkest just before dawn. We’re one TACO away from a massive reversal in sentiment. The question is: Will Iran (and Israel) agree to stop the bombs if Trump asks? That would be a huge climbdown from the President but he’s not going to like headlines about oil going up the most in one-day ever. It will be…
West Texas Intermediate (WTI) crude Oil price opened at a gap up, extending its winning streak for the fifth successive session, and is trading around $110.60 per barrel during the Asian hours on Monday. WTI price hit $110.73, the highest since June 2022, amid concerns that a prolonged Middle East conflict could disrupt global energy supplies over the longer…
USD/JPY is closing in on the highest levels of the year. The pair is up 80 pips so far today to 158.59, breaking above last week’s peak and trading at the best levels since January 22. That was the day of the widely-publicized Ministry of Finance rate check via US banks late on a Friday. That move caused a…
US President Donald Trump said that the rise in oil prices is a “very small price to pay” for defeating Iran and to ensure world peace, the Telegraph reported on Sunday. “Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and…
Well, if there was any question about whether Trump was watching the oil futures open, it’s been laid to rest. He wrote on Truth Social: Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace. ONLY FOOLS…
Not yet. S&P 500 far from maintained Thursday‘s late session rebound fire, and clearly rolled over in fear of NFPs incoming. Sure, different methodology to calculate, and nursing strike on top, the figure (and unemployment rate with participation rate) were most disappointing.
