March 13, 2026 7:48 am
Key Moments USD/JPY is moving closer to the 160 level that triggered past interventions. However, Japanese policymakers have stayed largely silent. Japan relies heavily on Middle East crude. In fact, much of it passes through the Strait of Hormuz, raising concerns about regional conflict. DBS says large strategic oil reserves could give authorities flexibility. Therefore, […]
Read moreMarch 13, 2026 7:36 am
Key Moments Brent crude Oil rose above USD100 and closed at its highest level since August 2022 amid escalating supply disruptions. The International Energy Agency projects the Middle East war is affecting 7.5% of global Oil supply and cutting output by 8 million barrels per day this month. The US Energy Information Administration expects US […]
Read moreMarch 13, 2026 6:48 am
Key Moments XAU/USD traded back under $5,100 after giving up part of its earlier advance during Friday’s European session.
Read moreMarch 12, 2026 2:05 pm
Key Moments Tasnim, a news agency tied to Iran’s IRGC, listed around 30 Amazon, Microsoft, Google, Oracle, NVIDIA, IBM, and Palantir sites in the Middle East as “new targets in the region.” Two Amazon data centers in the UAE were hit on March 1, while a third in Bahrain was damaged by falling debris from […]
Read moreMarch 12, 2026 1:01 pm
Key Moments XAU/USD was last seen around $5,170, recovering from an intraday low near $5,125 while remaining broadly flat on Thursday. The US-Iran war has supported safe-haven demand for Gold, but Oil-driven inflation concerns and a firm US Dollar have limited upside. Technically, Gold continues to move sideways within the $5,000-$5,250 range, with key support […]
Read moreMarch 12, 2026 10:42 am
Key Moments Commerzbank’s Tatha Ghose expects the Central Bank of Turkey to leave its policy rate unchanged at today’s meeting, describing the move as a tactical pause. The bank continues to view recent rate cuts as “unjustified and dangerous for asset prices” amid entrenched inflation and a deteriorating current account. A continued, controlled depreciation path […]
Read moreMarch 12, 2026 9:32 am
Key Moments Bitcoin traded 0.7% lower at $69,454 by 02:14 ET (06:14 GMT), dipping below the $70,000 level but remaining broadly supported. Brent crude climbed back above $100 per barrel after earlier touching near $120, reviving worries about renewed inflation pressures. Altcoins were mostly subdued, with Ethereum marginally higher and XRP, Solana, and Dogecoin edging […]
Read moreMarch 12, 2026 8:16 am
Key Moments GBP/USD has traded around 1.3380 during early European hours on Thursday, marking a third consecutive session of losses. The pair faces initial resistance at the nine-day EMA near 1.3414 while primary support is seen at the three-month low of 1.3253. The 14-day RSI remains just below 40, reinforcing a bearish bias without signaling […]
Read moreMarch 12, 2026 8:04 am
Key Moments USD/JPY has surged to just below 159.00, buoyed by higher U.S. yields, with intraday attention on resistance at 159.45. UOB strategists flag deeply overbought conditions, noting that 158.55 and 158.75 serve as nearby supports for the pair. On a multi-week to multi-month horizon, a sustained move above 159.45 could refocus markets on 160.00, […]
Read moreMarch 12, 2026 6:52 am
Key Moments The People’s Bank of China (PBOC) set Thursday’s USD/CNY central parity rate at 6.8959. The new fixing compared with the previous session’s reference rate of 6.8917. The latest fixing contrasted with a Reuters estimate of 6.8853 for the session. Updated Central Parity Rate for USD/CNY The People’s Bank of China (PBOC) established the […]
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