Iraq Declares Force Majeure on Foreign-Operated Oilfields
Iraq has announced a force majeure on all oilfields operated by foreign companies, signaling potential disruptions in oil production and exports. This move could impact global oil supply and market dynamics.
Fitch Warns Sustained Higher Oil Prices Could Increase Cross-Sector Credit Pressure
Fitch has issued a warning that prolonged elevated oil prices may exacerbate credit risks across multiple sectors. The agency highlights potential financial strain as energy costs remain high, impacting various industries' creditworthiness.
Fitch Warns Oil Prices Could Average $120/Barrel if Hormuz Strait Closed for Six Months
Fitch ratings agency estimates that oil prices could surge to an average of $120 per barrel if the Strait of Hormuz remains closed for six months. The closure would disrupt significant oil supply routes, potentially causing major market volatility.
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Remains Under Pressure As Dollar Rebounds
Silver markets are down by 4% as traders focus on rising Treasury yields.
Gold Weekly Price Analysis – Tough Week For Gold as Rates Take Center Stage
Gold had a rough week as rising U.S. yields were a problem, while the war, despite the fact that it is continuing, hasn't expanded as far as people may have feared.
U.S. Dollar Rebounds As Treasury Yields Jump: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
The American currency is moving higher as traders focus on Middle East tensions and bet on hawkish Fed.
Gold and the Dollar Down as Central Banks Ready to Pivot
The probability of most major central banks hiking this year has increased sharply amid inflationary pressure from the Gulf conflict.
EUR/USD Price Forecast: Struggles below 1.1600 as sellers maintain control
EUR/USD Price Forecast: Struggles below 1.1600 as sellers maintain control
Pound Sterling Price News and Forecast: GBP/USD trips down below 1.3350 as oil surges
Pound Sterling Price News and Forecast: GBP/USD trips down below 1.3350 as oil surges
USD strength vs Euro vulnerability: What's next for the EUR/USD pair?
EUR/USD tests key level (1.1578) as the ECB's hawkish stance battles downside risks from Middle East conflict and spiking energy costs. The article analyzes the "April Hike" wildcard, NFP volatility, and critical technical levels.