Why Crude Oil Slid While Middle East Tensions Kept Building
The crude oil pullback from monthly highs is running ahead of the headlines, as WTI and Brent ease while Middle East tensions stay unresolved.
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Crude and dollar rebound as Trump says deal possible after the election
Donald Trump’s speech at the UN seems to have poured cold waters on any hopes of a deal. Crude oil, the US dollar and bond yields all bounced back from their lows, causing fresh pressure on foreign currencies, European indices and to a lesser degree precious metals.
Nasdaq 100 Forecast: NDX rises further with Middle East developments in focus
U.S. stocks are heading for a modestly stronger start as investors awaited developments over potential talks between the U.S. and Iran.
USD/JPY and DXY Price Forecast: Bullish Rebound Faces Overbought Risks
Despite mounting geopolitical risks, crude oil prices have declined more than 10% from their monthly highs. Combined with overbought momentum readings on the DXY and dollar pairs, this increases the risk of a near-term reversal.
USD/CAD Analysis: Is the Canadian Dollar Running Out of Support?
A new trading week is underway, and the Canadian dollar continues to show signs of weakening momentum. This can be seen in recent USD/CAD price action, with the pair gaining nearly 0.7% over the last four trading sessions.
S&P 500 Forecast: SPX higher as oil & yields fall, AI stocks rise
U.S. stocks have opened higher as Treasury yields retreat and crude oil prices fall to an 11-day low.
Oil, GBP/USD Forecast: Two trades to watch
Oil falls as US-Iran diplomatic hopes rise again. GBP/USD struggles on Fed-BoE divergence.
Crude Oil Weekly Outlook: Saudi–Houthi Escalation vs Key Resistance
Crude Oil Weekly Outlook: Despite escalating Houthi attacks on Saudi Arabia and continuing tensions between the United States and Iran, crude oil prices are now facing major resistance that must be overcome before another bullish rally can be confirmed.
US dollar forecast: USD/JPY surged on BoJ while Crude Oil rebounds to boost USD
Heading into the week ahead, the macro calendar is quieter. But for as long oil remains supported, the US dollar forecast will remain bullish. Not only will oil prices be important for determining the direction for the dollar and USD/JPY, but bond yields too, and by extension, risk appetite.
Nasdaq 100 Forecast: NDX extends gains as oil, Treasury yields fall
U.S. stocks are heading higher, extending yesterday's post-Fed bounce, with the tech-heavy Nasdaq leading the way as falling oil prices help ease inflation concerns.
Dow Jones Forecast: DJIA jumps despite a hawkish Fed hike
U.S. stocks have opened higher, following a two-day slide, as lower oil prices and falling Treasury yields have brought some relief after the Federal Reserve's interest rate decision.
FOMC Meeting Preview: Three Questions for Chairman Warsh
Assuming the Fed delivers the expected hike, traders will want to know WHAT could prompt another hike, WHY they hiked this time, and HOW to interpret the dot plot.
Nasdaq 100 Forecast: NDX falls as Treasury yields hit a 19-year high
U.S. Stocks have opened lower on Tuesday as rising oil prices and elevated Treasury yields dampen demand for equities ahead of tomorrow's FOMC rate decision.
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