March 12, 2026 12:45 pm
Key Moments U.S. Energy Secretary Chris Wright said it is unlikely that global oil prices will climb to $200 a barrel despite ongoing disruptions in the Strait of Hormuz. Crude tankers have remained blocked in the Strait of Hormuz due to the U.S. and Israeli war with Iran, raising concerns about further price spikes. Wright […]
Read moreMarch 12, 2026 12:11 pm
Key Moments Brent futures accelerated toward $120 after breaking out of a large base, followed by a sharp correction. The contract has been holding above the $81 area, with an upside price gap identified near $93.80. Societe Generale highlights $120 as a key interim hurdle, with $93.80 and $81 viewed as near-term support levels. Technical […]
Read moreMarch 12, 2026 9:51 am
Key Moments: Morgan Stanley CIO Mike Wilson expects the S&P 500 to face an additional 5%-7% decline before the current sell-off concludes. Wilson believes the S&P 500 could trade toward 6,300 by early April before the bank’s favorable fundamental outlook reasserts itself. Despite near-term weakness, Wilson maintains a bullish view supported by expected broad earnings […]
Read moreMarch 12, 2026 9:04 am
Key Moments MUFG’s base case projects USD/INR at 92.00 by March 2026 and 93.50 by December 2026, assuming de-escalation in the Iran-Middle East conflict. A sustained Brent oil price of US$100/bbl is seen potentially pushing USD/INR to 95.50, with the Rupee under pressure from a wider current account deficit. In a left-tail scenario with oil […]
Read moreMarch 12, 2026 8:49 am
Key Moments Spot gold declined 0.2% to $5,165.73 per ounce, with U.S. April futures also down 0.2% to $5,171.40 by 01:03 GMT. The U.S. dollar rose 0.2%, pressuring dollar-denominated commodities while oil prices jumped amid renewed supply disruptions. U.S. CPI increased 0.3% in February and 2.4% year-to-date through February, with markets awaiting January PCE data […]
Read moreMarch 12, 2026 7:05 am
Key Moments USD/CAD trades near 1.3580 in Asian hours as the Canadian Dollar firms on higher oil prices. WTI crude extends a three-session advance to around $91.60 as Iran-related tensions escalate. February US CPI prints broadly in line with expectations, reinforcing views of steady Fed policy in the near term. CAD Benefits from Oil Spike […]
Read moreMarch 11, 2026 12:47 pm
Key Moments Uber Technologies Inc. (NYSE:UBER) traded 3.75% higher on Wednesday morning after unveiling a strategic robotaxi partnership with Amazon’s Zoox. The rollout is scheduled to begin in Las Vegas this summer, with Los Angeles integration targeted for mid-2027. The deal marks the first time Zoox has integrated its purpose-built autonomous vehicles with a third-party […]
Read moreMarch 11, 2026 12:09 pm
Key Moments EUR/GBP has fallen about 1.5% since the onset of the Iranian conflict, trading with a softer tone. ING’s short-term valuation metrics now suggest the recent downside move in EUR/GBP appears stretched. A drop in oil prices below $90 may spur a more dovish reassessment of U.K. rates and support a move higher in […]
Read moreMarch 11, 2026 11:33 am
Key Moments GBP/ZAR traded just below the 22.00 mark on Wednesday as the pair regained ground after a volatile start to the week. Moves in both Sterling and the Rand have been heavily influenced by shifts in oil prices and global risk sentiment linked to the Middle East conflict. Upcoming UK GDP and production data, […]
Read moreMarch 11, 2026 11:08 am
Key Moments Meta Platforms (NASDAQ: META) plans to lift annual spending to as much as $135 billion, largely for AI-related infrastructure, up from $72 billion previously. Fourth-quarter 2025 revenue reached $59.89bn, beating Wall Street estimates by more than $1 billion, while EPS came in at $8.88 versus a $8.23 forecast. Shares jumped nearly 10% in […]
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