Oil prices rose in early trading on Monday, while US stock futures edged lower after the US attack on Iran's main export hub exacerbated supply risks across the Middle East. S&P 500 and Nasdaq 100 futures opened down about 0.2%. West Texas Intermediate crude rose 2% after the US bombing of military targets on Iran's Kharg Island, the port on which almost all of Iran's oil exports originate. Futures markets indicated that Australian, Japanese, and...
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FXCG Market Report: Weekly Outlook (March 15, 2026)
In the US, the market widely expects the Federal Reserve to maintain the federal funds rate at 3.50%-3.75%. Focus will be on the Fed's latest economic projections and Chairman Jerome Powell's press conference. Investors will be looking for the Fed's view on the inflation risks posed by US-Iran tensions, which have disrupted the global oil supply chain, and their impact on future monetary policy. This week is packed with economic data, including the February Producer...
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FXCG Market Analysis : Asian stocks followed U.S. stocks lower, with oil prices in focus.
Asian stocks fell in early trading on Friday, following U.S. stocks, with market focus on oil prices amid growing concerns that a war with Iran would further restrict energy supplies and push up inflation. Asian benchmark stocks fell 0.5% in early trading, after the S&P 500 fell 1.5%, hitting its lowest level since November last year. Even investors who had turned to seemingly safe U.S. large-cap tech stocks felt the impact, with the Nasdaq 100...
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FXCG – Gold (XAU/USD) 1-Hour Chart Technical Analysis (2026/03/13)
1. Market Overview The 1-hour chart of XAUUSD shows that the price has initiated a unilateral downtrend from the intraday high of $5193/oz around noon on Mar 12, hitting a low of $5061/oz, followed by a minor rebound to consolidate near $5113/oz. The overall structure remains in a weak corrective pattern. 2. Technical Indicator Analysis Moving Averages: The price consistently trades below the blue medium-term moving average (MA), which is sloping downward clearly, confirming a...
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Crude Oil (USOil) Market Analysis (March 12, 2026)
1. Market Overview The 1-hour chart of WTI Crude Oil (USOIL) shows that the price is currently trading around $89.40, following a sharp decline and entering a low-level consolidation phase. Key technical observations are as follows: - Moving Averages: The short-term (red) and medium-term (blue) moving averages are converging, with the price holding above them, indicating a tentative recovery in bullish momentum, though no clear trend breakout has been established. - Trading Range: Price action...
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