Oil lower to fill gap as Trump presses allies for Hormuz help

Trump says the U.S. is striking Iranian drone sites and seeking international help to secure the Strait of Hormuz, though details of any coalition remain uncertain. Summary: Trump said Iran wants negotiations but is not yet ready to engage. The U.S. claims it is striking Iranian drone manufacturing facilities. Washington is discussing Hormuz security arrangements with seven countries. Trump…

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USD/JPY opens lower on FM pledge to “monitor” market developments

The war in the Middle East intensified over the weekend, leading to opening gaps across the FX board. In the case of the USD/JPY pair it gapped marginally lower and trades around 159.50, following weekend comments from Japanese Finance Minister Satsuki ‌Katayama, who expressed concerns over the recent sharp depreciation of the Japanese yen, and pledged to closely monitor…

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Breaking the chains of a 50% decline

SentinelOne, Inc. (S) has endured a persistent and aggressive sell-off, shedding over 50% of its market value since the end of November 2024. This decline was strictly contained by a steep declining trendline, but the technical narrative for the cybersecurity firm appears to be shifting. Breaking the Trendline For the first time since the decline began, price action has…

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Monday open indicative forex prices, 16 March 2026

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…

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The swing trade level for XYZ I’m watching

Block Inc (XYZ) is trading relatively flat today, but the bigger picture on the chart is what has my attention. After the company reported earnings on February 26th, the stock had a powerful move higher, pushing up more than 24% in a very short period of time. Moves like that always stand out to me because they often leave…

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University of Michigan sentiment (preliminary) for March 55.5 versus 55.0 estimate

Consumer sentiment preliminary for March 55.5 vs 55.0 estimate. Weakest cents December of last year. prior month 56.6. Current conditions 57.8 vs 56.6 prior month Expectations 54.1 vs 56.6 prior month. Weakest since November of last year. 1 year inflation expectations 3.4% vs 3.4% prior month 5 year inflation expectations 3.2% vs 3.3% prior month Surveys of Consumers Director…

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CVX is charging into a two-decade resistance line —Here’s what happens next

Chevron Corporation (NYSE: CVX) has been one of the standout stories of 2026. The integrated energy giant operates massive upstream operations spanning the Permian Basin, Guyana, and Kazakhstan. CVX has surged nearly 27% year-to-date, fueled by spiking crude prices amid escalating Middle East conflict and a high-profile boost from Berkshire Hathaway’s recent accumulation of shares. But as compelling as…

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