Today, the dollar index rose above last week’s peak around the 99.68 level, setting a new high for 2026. This movement is supported by a tense fundamental backdrop: → Inflationary pressures from rising oil prices. Markets may be pricing in a “higher for longer” scenario, with elevated Fed rates persisting. → Safe-haven demand. Escalation in […]
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Key takeaways Oil surges amid geopolitical supply fears: West Texas Intermediate crude oil jumped as much as 30% intraday to $119.54, marking its highest level since 2022, driven by concerns that the US–Iran war in Read more…
Europe is an unintended victim of the Middle East conflict. The growing likelihood of two ECB rate hikes is not enough to boost EURUSD. The US dollar posted its strongest weekly performance in a year Read more…
Carly Garner, the Las Vegas commodities trader, has been watching the wild swings in commodity prices lately, and, over the weekend, offered this thought about oil prices: “I’ve only seen oil move this far, this Read more…