Oil markets have entered another period of sharp volatility following the recent escalation of tensions in the Middle East. Military strikes, disruptions to shipping routes, and uncertainty around supply have sent crude prices climbing rapidly before retreating just as quickly. Analysts are now debating whether oil could move toward new highs again, or whether the
The Russian ruble continued its recent downtrend against the US dollar, even as the country became a major beneficiary to the ongoing Iran war. The USD/RUB exchange rate rose to 80.33, its highest level since January 9, and 7.15% from its lowest level this year. Russia is receiving a windfall as the Iran war continues
The Japanese yen continued its strong downward trend, reaching its weakest level since 2024 as concerns about the Japanese economy accelerated. The USD/JPY exchange rate rose to 159.63, up by nearly 5% from its lowest point in January this year. Japanese yen crash gains steam amid the Iran war The USD/JPY exchange rate has been
The EUR/USD exchange rate continued its strong downward trend, reaching its lowest level since November last year. It dropped to 1.1495, down sharply from the year-to-date high of 1.2080. This retreat may continue as the Iranian war continues. Europe pressured as war in Iran pushes energy prices higher The EUR to USD exchange rate has
Given the clear daily uptrend and the bearish Japanese yen sentiment seen across the FX markets today, CHFJPY currency pair be expected to rise to the next resistance level 116.00 (target for the completion of the active short-term impulse wave 5). AUDJPY broke resistance area Likely to rise to resistance level 116.00 AUDJPY currency pair
Oracle shares climbed above $160, reaching their highest level in roughly six weeks, following the release of a robust earnings report: → EPS: $1.79 vs. $1.70 expected → Revenue: $17.2bn vs. $16.7bn expected This marks the first quarter in 15 years in which both revenue and earnings grew more than 20% simultaneously. Key drivers included:
The Indian rupee continued its crash today, March 12, reaching its lowest level on record. The USD/INR exchange rate jumped to a record high of 92.28, up by 10% from its lowest level in April last year. This trend may continue as the Iran war continues. Indian rupee at risk as energy prices jump The
Given the strength of the resistance level 203.4, moderate outflows from Swiss franc on the easing of the security situation in the USA-Iran conflict and the bearish divergence on the daily Stochastic indicator, CHFJPY currency pair be expected to fall to the next support level 201.00 (which stopped the previous minor correction 4). CHFJPY
The S&P 500 index (US SPX 500 mini on FXOpen) is trading around the 6,800 level this morning. However, market sentiment could shift sharply once the Consumer Price Index (CPI) data are released at 15:30 GMT+3. Ongoing military tensions in the Middle East and sharp fluctuations in oil prices continue to influence investor sentiment. As
The Australian dollar, local bonds, and the ASX Composite are rising this month as the country becomes an unusual haven among investors. The AUD/USD exchange rate jumped to its highest point since 2022, while the ten-year government bond yields dropped from this week’s high of 5% to the current 4.80%. Similarly, the ASX 200 Index,