Morgan Stanley stated that the Fed could resume rate cuts as early as June, but the oil price shock triggered by the Iran war could postpone the next rate cut. Despite the potential for rising energy prices to exacerbate inflation, the bank's economists maintain their previous forecast that the Fed will cut rates twice this year, in June and September, each by 25 basis points. However, they believe the Fed could postpone the first rate...
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FXCG – Gold (XAUUSD) Market Analysis (March 11, 2026)
1. Technical Overview The XAUUSD 1-hour chart currently shows a high-level oscillating bullish structure, with prices trading between 5200 and 5240, firmly within the ascending channel established since March 6, 2026. - Moving Averages: Price holds above the medium-term moving average (blue line), which is trending upward, confirming the intact short-term bullish trend. - Oscillators: The RSI(14) reads 62.62, staying in the strong bullish zone without entering overbought territory, indicating remaining upward momentum. The MACD...
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Demand for California municipal bonds surges, driving prices soar.
Investors in California municipal bonds are scrambling to buy tax-exempt bonds issued by California issuers. This demand benefits borrowers statewide—even those with credit ratings below AAA. Overall prices for U.S. state and local government bonds have risen this year, with 10-year municipal bonds yielding about 64% of the yield on comparable U.S. Treasury bonds, as the asset class attracts significant new capital. This trend is particularly pronounced in California, where investors view municipal bonds as...
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JPMorgan Chase predicts a 10% pullback in the S&P 500 due to escalating war risks.
JPMorgan's trading arm stated that U.S. stock traders are unprepared for a potential pullback in the S&P 500 due to the impact of the Iran war, and the index could fall as much as 10% from its peak. Andrew Taylor, JPMorgan's global head of market intelligence, said on Monday that he holds a "tactically bearish" view on U.S. stocks due to the lack of signs of de-escalation in the Middle East conflict and oil prices...
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The turmoil in the oil market may worsen as more Gulf oil giants cut production
On Monday, the unprecedented chaos triggered by the conflict with Iran set to further destabilize the oil market: major oil producers are cutting output while inventories continue to rise, and the world's most vital waterway remains virtually closed. The UAE and Kuwait have already begun production cuts due to running out of storage facilities, and Iraq has joined them, with its output now down by about 60%. As tankers continue to avoid the narrow Strait...
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