Tag Archives: geopolitical tensions

As the Middle East conflict heats up again, WTI Crude Oil is back up the daily charts. Requests for a cease-fire so that civilians could receive humanitarian aid were turned down.EIA barrel counts increased more than anticipated, and as geopolitical concerns accelerate, demand concerns will affect the price of crude …

Despite an earlier increase amid worries about an Israel-Hamas conflict, WTI crude falls to $82.86 per barrel as at the time of writing; down -1.93%. Price increases are tempered by Saudi Arabia’s commitment to market stability and potential intervention.Data on global inflation as well as US inflation and Russian output …

Despite the remarkable strength of the US economy, the International Monetary Fund has lowered its growth projections for China and the Eurozone, noting that overall global growth remains low and unequal. The IMF maintained its 3.0% prediction for global real GDP growth in 2023 but reduced its 3.0% prediction for …

In an interview on Dubai TV, Mohammed Hashad, Director of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the performance of global markets in light of the current geopolitical developments in the Middle East.First of all; Hashad commented on oil prices …

Gold prices have recovered to around $1,850 due to the dismal market sentiment prompted by escalating tensions between Israel and Palestinians. The gold price is trading at $1852.43 per ounce at the time of writing. Dallas Federal Reserve Bank President Lorie Logan has also supported the gold price, drawing less …

The EUR/USD is struggles for fresh gains despite the weaker performance of the US dollar with the beginning of the new trading week. The pair is up 0.16% trading at 1.0909 at the time of writing. Meanwhile, geopolitical tensions around Russia have eased as market attention turns to the ECB …

What gold will do during the next two weeks will be very important for prices ahead of this year’s end. Jobs data and inflation data are closely watched as gold shows promising signs amid escalating geopolitical tensions and intensifying market volatility.Gold saw a key development mid-week as prices rose from …

In its semi-annual Monetary Policy Report, the US Federal Reserve said that the Gross Domestic Product (GDP) appears to be on track to rise moderately in the second quarter, as for the market’s reaction, the dollar preserves its strength ahead of the weekend and the US Dollar Index was last …

Oil prices surge for a third straight session on Friday, with front-month WTI future last trading higher by close to $3.0 in the mid-$109.00s per barrel, more than $11 higher than mid-week lows in the $98.00s. The rally on Friday was partially spurred by a rebound in global equity markets …

The EUR/USD pair remains pressured and aims at finishing the week on the wrong foot amidst a mixed market sentiment. The EUR/USD is trading at 1.0876 as traders prepare for the weekend.Geopolitics and hawkish Fed keep market sentiment mixed. Investors’ mood was mixed during the North American session. US equities …