WTI Crude Oil volatile on Middle East tensions, interest rates in focus [Video]
![WTI Crude Oil volatile on Middle East tensions, interest rates in focus [Video]](https://editorial.fxsstatic.com/images/i/West-Texas-Intermediate_2_XtraLarge.png)
The chart tells the story with price action on crude oil jumping up and pulling back based on the Israel/Iran conflict.
Keep an eye on the news as, in cases like this, technical indicators are not that helpful.
Middle East tensions, combined with continuing Ukraine conflicts and US tariff uncertainty is still driving gold higher.
Keep an eye on the trend lines and your technicals as well.
Citi Bank has predicted an end to the gold rally based on lower demand but let’s see.
Central Banks are in focus this week with a speech from the BoC and interest rate decisions from the Fed, the SNB and the BoE.
Analysts predict that the BoE will not change their rates but we can see GBP weaker against most currencies but strong against JPY so watch for volatility and some opportunities.
The White House is sticking to its guns on the insane tariff strategy so USD is still moving weaker.
Any news to the contrary could see USD strength but we never know with this administration.
With all the global economic and geopolitical news, indices are stalling as investors are sitting on the fence.
For example, we see a rising wedge on price action on the NASDAQ which may be a bearish sign.
That’s all for now.
CFDs and FX are leveraged products and your capital may be at risk.
Author
Brad Alexander
FX Large Limited
Brad became fascinated with the Currency Markets from a young age and researched fundamental analysis.
