Gold subdued as the US dollar outshines it
XAU/USD continues to face difficulties this week as the greenback has emerged as the safe haven of choice, but bullion's structural demand drivers don't go away.
Page 2 of 125
XAU/USD continues to face difficulties this week as the greenback has emerged as the safe haven of choice, but bullion's structural demand drivers don't go away.
The Strait of Hormuz is the key driver of oil prices and, by extension, the direction of global markets amid escalating geopolitical risk.
The central bank of Australia delivered a back-to-back increase as the spike in energy prices can push inflation higher, but the Aussie was volatile as four of nine voters opted for a hold.
USOIL remains firm as the Middle East conflict continues to disrupt the flow of oil, but a push to secure transit and the release of stockpiles could offer relief.
Ahead of next week's Fed and BoJ decisions, the pair rises to nearly two-year highs as the greenback attracts risk-off demand while the yen fails to benefit.
Solid results and guidance push Oracle shares higher, but business risks linger and the technical outlook remains unfavourable.
Oil prices are rising not because global production has collapsed, but because the conflict has disrupted one of the world’s most critical shipping routes, preventing large volumes of oil from reaching global markets.
USOIL rebounds from pullback as a sizeable release of stockpiles fails to ease supply disruption fears, with the US-Iran conflict continuing.
Seven major central banks announce their rate decisions within days of each other, as stagflation risks stemming from the US-Iran conflict complicate their monetary policy paths.
Lockheed Martin, Northrop and other military contractors can benefit from the conflict, which can enhance spending amid already ballooning security budgets, but supply and macro risks linger.
USOIL jumps to the highest in nearly four years as the military campaign enters its second week, with oil facilities hit and the Straits of Hormuz remaining effectively shut.
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.