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
The Chinese yuan crashed this week, erasing some of the gains made in the past few weeks. The USD/CNY exchange rate rose to 6.9240, up sharply from the year-to-date low of 6.8322. So, what next for the renminbi? Chinese yuan retreats after PBOC intervention The USD/CNY exchange rate rebounded this week as the US Dollar
The Indian rupee crashed to its lowest level on record as the ongoing war in the Middle East sent shockwaves in Asia and other continents. The USD/INR exchange rate rose to 92.50 as it crossed the previous all-time high at 92.42. It has jumped by over 10% from its lowest level in April last year.
Currency markets rarely send clear signals during geopolitical crises, but the latest dollar surge arrived at a moment when investors were already uneasy about inflation, interest rates and rising government debt. Then the Middle East conflict added another layer of uncertainty. For a few days, the dollar strengthened sharply, oil jumped, and markets rushed into
The USD/ZAR rebounded this week, reaching its highest level since December last year as the South African rand retreated amid the ongoing war in Iran. It was trading at 16.60 on Friday, up 6.45% from its lowest level this year. South African rand plunges amid war risks The South African rand and other emerging market
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
While geopolitical tensions in the Persian Gulf continue to dominate headlines, global markets are preparing for another key catalyst. On 6 March, the U.S. Bureau of Labor Statistics (BLS) will release the Non-Farm Payrolls (NFP) report for February, one of the most closely watched indicators on the economic calendar. According to Elev8 broker, the report
Given the strength of the active impulse waves iii and 5, WTI Crude Oil can be expected to rise to the next resistance level 82.00 (former resistance barrier from the start of 2024, which is also the target price for the completion of the active Wave (C)). WTI Crude Oil broke resistance area Likely