Oil at $100 per Barrel Remains in Sight as Hormuz Keeps the Market on Edge
UKOil remains technically bullish, but its next major move hinges on Hormuz disruption and tougher US sanctions on Iran.
Page 3 of 137
UKOil remains technically bullish, but its next major move hinges on Hormuz disruption and tougher US sanctions on Iran.
Resilient growth, rising yields and energy risks are putting increasingly expensive markets under pressure.
Nvidia continues to reap the benefits of the AI boom ahead of its August 26 earnings, but hardware shifts are chipping away at its dominance just as structural risks emerge.
Gold’s breakout has gathered momentum as falling long-term yields and a softer dollar give bulls a powerful fundamental tailwind.
.png)
Oil, yields and the dollar are increasingly setting the direction for gold and Japanese equities.
Mounting costs from a memory chip crunch and declining smartphone sales weighed on revenues and profitability, but EV deliveries continued to grow.
The index maintains its momentum after last week's records as markets price in a hold next week and the earnings season has been favourable, but risks linger.
Cooling inflation, softer yields and a weaker dollar are steadily improving gold's macro backdrop.
Intel posted another strong quarter on AI demand, but fears over its ability to scale, competition and broader chip industry threats are testing the stock's upside prospects.
Oil, the dollar, gold and equities are approaching key levels as rates and geopolitics shape the next cross-asset move.
The Australian central bank kept rates at 4.35% and lowered its inflation forecasts, weighing on the pair, but does not see inflation returning to the target range this year and kept the door open to more hikes.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.