In last week’s edition, we wrote that the price of oil would now be calling the shots and thus determining the performance of global financial markets. The last few days have confirmed this thesis – and with more force than we ourselves would have expected. Since the publication of the last Thoughts, the price of
The XAU/USD chart indicates that gold has been moving within the $5,060–$5,200 range during the last few trading sessions. Bullish perspective: the lower boundary of the long-term ascending channel — in place since early 2026 — currently serves as the main support level. Bearish perspective: the market is facing pressure following comments from President Donald
This preview of weekly data examines USOIL and XAUUSD, with economic data expected later this week as the primary market drivers of the near-term outlook. 9/03/2026 Highlights of the week: US inflation, UK GDP, US core PCE Wednesday US Inflation rate at 12:30 GMT, with the consensus pointing to an increase of around 0.1% to
This week, markets were trying to assess the impact of the military escalation in the Middle East on different markets. Let’s break down the main developments of the narratives and capital flows during the week of activation of the conflict. The obvious reaction to the military escalation was gaps for Crude oil futures and Gold.
The US dollar retreated only modestly from its recent highs against various other major currencies despite February’s NFP released on 6 March coming in much lower than expected at negative 92,000. This article summarises the latest American job report and the revisions that came with it then looks briefly at the charts of EURUSD and
Gold didn’t creep higher in early 2026. It lunged. In late January, futures pushed through $5,500 an ounce before sellers finally stepped in. Silver, true to form, overshot even more dramatically, tagging levels above $120 in what felt like a momentum chase more than orderly price discovery. Within days, both metals gave back a meaningful
Given the strength of the support level 0.0875, bullish divergence on the daily RSI indicator and the bullish sentiment that can be seen across the cryptocurrency markets today, Dogecoin cryptocurrency can be expected to rise to the next resistance levels 0.10465 and 0.1160 (monthly high from February). Dogecoin reversed from support area Likely to
US-Iran conflict lifts oil, boosts gold and silver, fuels haven demand, while strong US data complicates Fed rate-cut expectations amid inflation fears. The Middle East Cauldron: Geopolitical Risk and Supply Chain Fragility The primary catalyst for the current market volatility is the escalating conflict between the United States and Iran, which has now entered a
In previous editions of Pretiorates’ Thoughts, we pointed to deeper stock markets, a higher oil price, and the danger of a war with Iran. Just two weeks ago, we told our readers not to write off the US dollar too soon. Now, many things seem to be moving in precisely this direction. However, these are
On 3 March, the EUR/USD pair slipped below the January trough, near 1.15777, marking the lowest point of the year so far. By 5 March, the chart reveals early signs that bearish pressure may continue. The US dollar continues to benefit from safe-haven demand amid ongoing tensions in the Middle East, supporting its strength. Meanwhile,