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Global markets remain unstable as traders react to interest rates, macro uncertainty and shifting risk appetite across currencies, gold, crypto and equities.
Highs for the EUR/USD last week occurred on Monday when the 1.17890 vicinity was traversed, but as the week moved on negative momentum overtook the currency pair, and it went into this weekend near lows around the 1.16250 ratio.
Markets saw a firm resumption of risk-off sentiment towards the end of last week on rising yields, an advancing US Dollar, and the prospect of imminent renewed military clashes between the USA and Iran.
WTI Crude Oil futures went into this weekend above the $100.00 realm, finishing around the $100.650 ratio and early trading on Monday is likely to remain within nervous highs.
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The GBP/USD finished this past week showing it had the capability of sustaining a higher realm going into this weekend near the 1.36275 mark.
As the prospects of a peace deal between the USA and Iran seemed to rise again, risk assets and stocks rose last week, while energy prices took a hit. Find out if a turnaround might happen this week as we face another Trump war deadline due Thursday.
Futures prices for WTI Crude Oil finished near the $91.480 mark going into this weekend, this after touching lows near the $87.000 mark on Wednesday.
Gold, Bitcoin, Nasdaq 100 and major FX pairs trade near key technical zones as markets react to rates and risk sentiment.
As the prospects of a peace deal between the USA and Iran fade on the reluctance of both sides to adjust red lines, energies rise, but US stocks are not deterred from hitting new highs, while the Forex market finally sees a Bank of Japan intervention to prop up the Yen.
EUR/USD trades within a narrow range as Fed and ECB policy signals diverge, with price action holding near key resistance levels.
WTI crude oil reflects geopolitical tension and shifting supply flows, with price action stabilizing above key technical levels.
Nasdaq, Bitcoin and major FX pairs reflect a volatile environment, with defined levels and mixed signals between momentum and hesitation.
After touching a high of nearly 1.17915 on Monday, the EUR/USD was trading around 1.16690 on Thursday, this before going into the weekend around 1.17170.
The finish for WTI Crude Oil going into this weekend was near $93.115, this after touching a high close to 96.950 on Thursday, and having completed the previous week’s results below $84.000.
