Weekend Market Update Shows Mixed Performance with Oil Surging
Over the weekend, US oil prices surged by 5.42%, while major global stock indices including DAX, Dow, Nasdaq, FTSE, and Hang Seng experienced slight declines. The EUR/USD currency pair remained relatively stable with a minor 0.06% decrease, indicating limited movement in the forex market.
Gold weekly outlook: XAU caught between a rock and a hard place
Gold fell just under 3% last week, its second consecutive weekly drop. The metal was on the defensive after the early-week bounce faded.
Mixed Market Performance with Oil Surging and Major Indexes Declining
Over the weekend, US oil prices surged by 5.74%, while major global stock indices including DAX, DOW, NASDAQ, FTSE, and HANGSENG experienced slight declines. The EUR/USD pair showed a minor decrease of 0.06%, indicating limited movement in the forex market.
Weekend Market Update Shows Mixed Performance with US Oil Surging
Over the weekend, US oil prices rose sharply by 5.49%, while major equity indices including the DAX, Dow, NASDAQ, FTSE, and Hang Seng experienced moderate declines. The EUR/USD pair saw a slight decrease of 0.09%, indicating minor movement in the forex market amid broader market volatility.
Trump Clarifies Saudi Base Attack: Planes Not Damaged
Former President Trump stated that a Saudi Arabian base was attacked recently, but emphasized that no planes were struck or destroyed during the incident. This clarification aims to downplay the severity of the attack on the military base.
Greek Shipowner Sends Second Oil Tanker Through Strait of Hormuz Amid Regional Tensions
A Greek shipowner has dispatched a second oil tanker through the Strait of Hormuz despite heightened regional tensions and warnings from the shipping industry. This move comes as Iran intensifies its response to recent attacks by Israel and the US in the region.
USD/TRY Forecast Note (current backdrop: mid-March 2026)
Summary:- the current geopolitical turmoil in the Middle East is set to keep the USD/TRY in a modest upside push, in line with the prevailing trend. USD/TRY Forecast: Live Chart and Current Setup The pair is trading at the 44.1-44.2 price range, and sits at the top of that recent consolidation zone as it continues its multi-month grind higher.
Greek Oil Tanker Damaged in Black Sea Drone or Projectile Attack En Route to Russia
A Greek oil tanker was damaged by a projectile or drone attack while sailing toward Russia in the Black Sea, according to Greece's Shipping Ministry. The incident raises concerns over maritime security in the region amid ongoing geopolitical tensions.
Al-Muhandis Headquarters Issues Threat to UAE Over Missile Sources
Al-Muhandis Headquarters has declared its right to target missile sources, including UAE shipping ports and locations housing American military personnel. This warning signals increased regional tensions involving the UAE and US military presence.
US Oil Prices Surge While Major Global Indices Decline Slightly
US oil prices jumped 4.69% over the weekend, reaching 10226, while major stock indices including the DAX, Dow, Nasdaq, FTSE, and Hang Seng experienced modest declines. Currency pair EUR/USD showed minimal change, rising 0.01%, indicating limited foreign-exchange market movement during this period.