Eurozone investor sentiment deteriorated sharply in March as the escalating Middle East conflict and the surge in energy prices rattled market confidence. The Sentix Investor Confidence index fell from 4.2 to -3.1, below expectations of -1.1, marking a sudden reversal in sentiment after several months of gradual improvement. The deterioration was visible across both current […]
The post Eurozone Sentix turns negative at -3.1 amid oil surge and war appeared first on ActionForex.
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…