George Hallmey
Clickevents Ltd
Summary
Part one was all about the US$, part two has switched to the Yen and Euro. We will look at the most likely scenarios emerging as politics has become the driver in Europe. The SNB move in January wiped out thousands of traders so we look at how to survive and prosper in 2015.Latest Live Videos
Editors’ Picks
EUR/USD seems fragile below 1.1700 as Middle East war boosts energy prices
The EUR/USD pair trades flat at around 1.1680 during the Asian trading session on Tuesday, but broadly seems vulnerable, being close to its five-week low. The major currency pair is under pressure as surging oil prices due to the United States-Israel war with Iran have increased the risks of higher inflation for the Old Continent.
Gold sticks to gains above $5,350 amid sustained safe-haven demand; firmer USD caps gains
Gold sticks to its positive bias for the third straight day and trades above the $5,350 level heading into the European session on Tuesday. Concerns about a broader regional conflict in the Middle East continue to weigh on investors' sentiment and underpin demand for the traditional safe-haven bullion.
GBP/USD hovers around 1.3400 with bearish pressure intact
GBP/USD edges higher after three days of losses, trading around 1.3400 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.
Stellar risks deeper losses as derivatives metrics turn negative
Stellar is trading red below $0.16 at the time of writing on Tuesday, after a slight recovery the previous day. Weakening derivatives data caps the recovery, while an unfavorable technical outlook projects a deeper correction for the XLM token in the upcoming days.
The market is not panicking it is repricing the probability distribution of Oil and time
At the end of the day, markets do not trade morality or geopolitics. They trade transmission channels. And the only channel that truly matters in this maelstrom runs through the price of energy and the time value of money.
Here is what you need to know on Tuesday, March 3:
The United States, allied with Israel, struck Iran over the weekend, killing Iran’s Supreme Leader, Ayatollah Ali Khamenei. In retaliation, Iran launched missile and drone attacks targeting US military bases across several nations, with attacks from both parties still ongoing, fueling a geopolitical crisis.