10.04.2025
Brent crude oil prices are down by 1.6% this
week to $65.38 per barrel, but despite the negative result, prices have shown a
strong rebound from the midweek low of $58.68—the weakest level since February
2021. This extreme volatility has been fuelled by U.S. President Donald Trump’s
aggressive tariff campaign, which began on April 2 with sweeping duties on
imports from 185 countries. Brent promptly slid to the $68.00–70.00 range on
the news.
Trump specifically targeted China with 34%
tariffs, effective from April 9. Beijing responded with identical levies on all
U.S.
08.04.2025
The U.S. Dollar index (DXY) is rising by 0.22%
to 103.25 points, while the EURUSD has slipped by 0.30% to 1.09265. The
Dollar’s rebound comes in the aftermath of a stunning tariff escalation by U.S.
President Donald Trump, who announced sweeping new levies on goods from 185
nations last Wednesday.
Interestingly, the Greenback initially dropped
the following day, with the EURUSD surging by 2.9% in a single session to
1.11460—the highest level since September 2024.
03.04.2025
Gold prices have surged by 1.3% this week to
$3,125 per troy ounce, continuing their relentless climb to new all-time highs.
Over the past 16 trading days, gold has set 10 record highs, with the latest
peak reaching $3,167 per ounce early Thursday. This spike falls within the
extreme target zone of $3,150–$3,250, suggesting a heightened risk of a
downside reversal from a technical standpoint. Traders should brace for
potential surprises.
The primary driver behind gold's rally has
been U.S. President Donald Trump's aggressive tariff policies.
01.04.2025
The U.S. Dollar Index (DXY) is up 0.20% to
104.24 points this week, while the EURUSD has declined by 0.22% to 1.07990. The
Dollar's upside correction paused after the EURUSD plunged to 1.07320 last
Wednesday, breaking below key support at 1.07800–1.08000. The pair has since
rebounded, stabilising just above support, but a clear path toward
1.06800–1.07000 is now open. Any strong catalyst could drive the pair toward
these downside targets.
This week presents multiple downside risks for
the EURUSD, including the release of U.S. Manufacturing and Services PMIs.
Additionally, the U.S.
27.03.2025
Brent crude prices have risen by 1.4% to
$73.34 per barrel this week, retreating from Wednesday’s peak of $73.98—the
highest level since March 3. The price is now positioned between the support at
$68.00–$70.00 and the resistance at $78.00–$80.00. A rebound towards
$74.00–$75.00 was expected, but a further significant increase appears unlikely
as large investors remain in their long positions to capitalise on the price
recovery without adding new bets.
The United States Oil Fund (USO) recorded
modest net inflows of $12.
25.03.2025
The U.S. Dollar Index (DXY) is rising by 0.29%
to 104.40 points, while EURUSD is down by 0.21% to 1.07860, hovering near its
March 7 lows. This signals a correction following a two-week consolidation,
during which the pair tested resistance at 1.09500–1.10500. Despite this
decline, overbought pressures remain.
However, large investors appear to be betting
on a weaker dollar. The WisdomTree Bloomberg US Dollar Bullish Fund (USDU)
reported net outflows of $64.59 million last week, even as the dollar
strengthened.
20.03.2025
Gold prices have surged by 1.9% to $3,042 per
troy ounce, setting new record highs five times in the past six days. The
latest all-time high of $3,057 per ounce was reached following last week’s U.S.
inflation data release. Consumer prices declined to 2.8% YoY in February from
3.0%, the lowest level since November 2024, while the Producer Price Index
dropped to 3.2% YoY from 3.7%, signalling further potential inflation cooling.
Meanwhile, trade tensions have eased, at least
temporarily. After the European Union retaliated against U.S.
18.03.2025
The U.S. Dollar Index (DXY) is down 0.44% this
week, trading at 103.26, while the EURUSD pair has risen by 0.75% to 1.09530,
its highest level since November 6, 2024. There has been no downside correction
in the pair following the release of softer U.S. inflation data.
February inflation fell to 2.8% year-on-year
from 2.9%, marking its lowest level since November 2024. The Producer Price
Index also declined to 3.2% YoY from 3.7%. Last week, the EURUSD climbed 0.36%
to 1.08710 in response to the data.
13.03.2025
Brent crude is down 0.02% to $70.65 per barrel
this week, testing the support range of $68.00–$70.00 per barrel twice but
failing to break below it. This could indicate a potential recovery.
Large investors remain cautious, having
observed the $70.00–$90.00 per barrel range for at least two years. Over this
period, four downside attempts have failed, each followed by a rebound to
$80.00 per barrel. Shorting oil remains a challenge. Last week, large investors
sold United States Oil Fund (USO) shares worth $57.8 million following earlier
sell-offs of $21.9 million, securing a 4–6% profit.
11.03.2025
The U.S. Dollar Index (DXY) is down by 0.27%
to 103.55 points this week, while the EURUSD has risen by 0.60% to 1.09150,
marking its highest level since November 6, 2024, when the Trump-driven rally
began. Few anticipated such a rapid strengthening of the Euro, which was
largely driven by incoming German Chancellor Friedrich Merz’s announcement of a
massive spending plan aimed at bolstering the military and heavily investing in
the economy. This initiative will require substantial borrowing, with defense spending
exempt from the country’s constitutional debt brake.
