HFMarkets (hfm.com): Market Analysis and News

Date: 12th March 2026.

Oil Tankers Hit: Iran Increases Its Retaliation Attacks Pushing Oil Higher!

https://www.hfm.com/api/get-analysis...e=oil_featured
Thursday is set for a risk-off sentiment as two oil tankers were hit close to the Strait of Hormuz. In response to the attack, surrounding nations also took protective measures, further reducing risk appetite.

Iraq, which is a member of OPEC and the sixth-largest exporter of oil, shut down most of the country’s oil terminals. Members of the Iraqi government announced that they have suspended most operations temporarily. Oman, also ordered all ships to leave its port as a precautionary measure.

The market is currently playing tug-of-war as to whether the conflict will end soon or if Iran increases its retaliatory attacks and prolongs the war. If Iran intensifies its retaliatory attacks, the US may find it difficult to de-escalate the conflict without suffering reputational damage.

Currently, investors remain pessimistic, causing oil to trade higher, the stock market to dip and safe-haven assets to rise.

Crude Oil - Two Tankers Attacked By Iran Sending Oil Close to $100 Per Barrel!

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HFM - Crude Oil 15-Minute Chart

The US and other major oil producers are attempting to ensure supply shocks remain at a minimum. The IEA has taken the decision to release 400 million barrels of oil in order to support supply to the market. The move does put pressure on prices, but only to a small extent, particularly if the conflict continues in the long term.

According to oil analysts, 400 million barrels is a significant figure, but the flow rate to the market is a maximum of 2 million barrels per day. Therefore, it would take a minimum of 200 days for the IEA to ensure the reserves reach the market. For this reason, the move puts pressure on prices but to a smaller extent due to rising tensions.

Oil prices opened with a bullish price gap measuring 2.85% and continued to rise to above $96. However, the price is now correcting and falling back to the day’s open price. However, even the open price of $90 per barrel remains elevated. On a two-hour timeframe the price remains above most moving averages indicating the bullish bias remains. However, up and down spikes remain frequent.

On smaller timeframes such as the five-minute chart, the price of oil is showing strong bearish momentum, but the price is now at the 200-bar SMA. The 200-bar SMA can act as a support level which technical analysts will be following closely. If the price remains above $89, the short term bullish bias may remain, particularly if Iran continues to attack oil supply chains.

Gold - Gold Rises Despite Dollar Pressures
The price of Gold fell in the early hours of the Asian session as traders reacted to an expensive Dollar. However, as the need for safe-haven assets became apparent, the price of Gold rose.

The US inflation release on Tuesday afternoon was modestly positive, as inflation remained relatively stable and low. However, this data predates the recent surge in oil prices, which have since risen to a four-year high. The US inflation rate remained at 2.4%.

Silver and Palladium are also increasing in value indicating the price of Gold may remain high. The main concern for Gold buyers is the US Dollar which also rose this morning. For buy signals to remain valid for Gold, technical analysts will be looking for the US Dollar Index to remain below 99.00.

NASDAQ - Stocks Temporarily Rise But Cannot Maintain Momentum
Earlier this week, US President Donald Trump told viewers that the main phase of US operations in Iran may be coming to an end. He also said that most objectives have already been achieved. This initially improved market sentiment and increased traders’ appetite for risk assets such as stocks and higher-yield currencies.

The NASDAQ rose for two consecutive days, particularly as investors wanted to take advantage of the lower entry levels. However, escalations again rise, the stock market has come under pressure.

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HFM - NASDAQ 30-Minute Chart

Generally, the situation remains uncertain. Iranian authorities have reportedly rejected diplomatic talks and continue to maintain the blockade of the Strait of Hormuz, a key global oil shipping route. Due to this, analysts believe a quick resolution is unlikely. Some now warn that the conflict could last for several months. If disruptions to global energy supply continue, oil prices could remain elevated. This could increase inflation risks and potentially force central banks to keep interest rates higher for longer.

If global central banks opt to increase interest rates and the conflict continues longer than previously projected, the stock market could fall by 13%, according to analysts. However, this is something traders will continue to monitor.

Key Takeaways:

1. Attacks near the Strait of Hormuz and precautionary measures by Iraq and Oman increased uncertainty and boosted safe-haven demand.
2. Oil opened with a bullish gap and rose above $96 as markets feared disruptions to global energy supply.
3. The IEA plans to release 400 million barrels, but limited daily supply means the process could take about 200 days.
4. Gold initially fell due to a stronger US dollar but later rebounded as investors sought safe-haven assets.
5. The NASDAQ briefly rose on de-escalation hopes, but renewed tensions and higher oil prices may pressure stocks.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Michalis Efthymiou
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 13th March 2026.

Dollar Index Climbs to Five-Month High as Oil Volatility Dominates Markets.

https://www.hfm.com/api/get-analysis...FM_Iran_vs_USA
Oil prices are becoming the centre of attention when analysing other assets such as the US Dollar and Gold. The US Dollar saw strong gains on Thursday and also continues to increase in value this morning. Gold, on the other hand, has fallen to a three-day low due to Dollar pressure.

Analysts do not expect volatility to fall on Friday as Trump advises that the war may potentially escalate today. In addition to this, the US is due to release its latest Core PCE Price Index and quarterly Gross Domestic Product.

What has Triggered the Volatility from the Past 24 Hours?
Investors are closely monitoring oil prices which continue to increase in value and trades at almost $100 per barrel. The IEA decided to release a record number of barrels from its reserves. However, prices remain elevated despite the US allowing more Russian oil purchases. Yesterday evening, the US issued a second authorisation allowing buyers to receive Russian oil cargoes already at sea, aiming to ease price pressure as the Middle East war continues.

Another factor impacting the price action is the upcoming Federal Reserve meeting which is only five days away. Investors have almost completely removed any possibility of a rate cut this month or in April. A small percentage of analysts even believe the Federal Reserve will increase interest rates by 0.25%.

EURUSD - US Dollar Rises As the ECB Indicates No Rate Hikes!
Due to market expectations regarding the Fed’s monetary policy, the US Dollar is now trading close to a five-month high. The US Dollar is the day’s best performing currency and is still trading 0.50% below resistance levels. The Euro, on the other hand, is one of this week’s worst performing currencies.

In addition to this the Dollar found support from oil prices, inflation and the Fed’s hawkish monetary policy. The European Central Bank is also supporting the US Dollar with its latest comments. Previously, economists were expecting the ECB to increase interest rates on two occasions this year due to higher inflation. However, members of the ECB have told journalists that this is far from reality.

Officials have said they are not rushing to change interest rates, even with market volatility and rising oil prices. The head of the French Central Bank advises that inflation remains low enough that even with a moderate increase there may not be a need to respond in the short term. Due to the ECB’s dovishness, the Euro declines, but traders will continue to monitor their forward guidance.

The new Iranian leader made his first public statement, offering no signs of de-escalation or willingness to negotiate. He made it clear Iran intends to keep the Strait of Hormuz closed and open additional fronts if the war continues. As a result, the chances of the conflict ending soon remain slim, supporting the US Dollar rather than Gold.

Even though the price of Gold is declining, the price of the US Dollar is increasing at a faster pace. Due to this, the correlation is forming an indication of divergence which points towards the bullish trend of the Dollar losing momentum in the short term.

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HFM - EURUSD 30-Minutes

Even though the US Dollar Index is at a five-month high as mentioned above, against the Euro the Dollar is at an eight-month high. The price is clearly below the VWAP and most moving averages providing a clear bearish indication for the currency pair. Momentum-based indicators are indicating the trend will continue downwards.

When monitoring the past week’s price action, the price tends to form a retracement after the price deviates away from the 100-bar SMA by 0.55%. Currently, the price is at a deviation of 0.51% and at 18 on the RSI. Both are indicating the price may be oversold. For this reason, even though momentum indications are pointing towards a further decline, traders may also expect a retracement or slight correction in the short term.
Key Takeaways:

1. Oil prices near $100 per barrel are driving volatility across currencies and commodities.
2. The US Dollar strengthened, reaching a five-month high, while Gold fell to a three-day low.
3. Markets expect continued volatility with US Core PCE and GDP data due today.
4. Fed rate cut expectations have disappeared, with some analysts even expecting a 0.25% hike.
5. ECB dovish signals and Iran tensions are supporting the US Dollar and pressuring the Euro.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Michalis Efthymiou
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 16th March 2026.

Strait of Hormuz Crisis Shakes Markets: Oil Surges, Stocks Stabilize as Traders Watch Supply Risks.

https://www.hfm.com/api/get-analysis...le=HFM-Iran-Us
Global financial markets entered the new trading week attempting to stabilize after a period of intense volatility driven by escalating tensions in the Middle East and disruptions to global energy supply routes.

While geopolitical risks remain elevated, some assets began to retrace earlier moves as investors reassessed the immediate impact of the conflict and awaited further developments around the Strait of Hormuz, one of the world’s most critical energy corridors.

Equity Markets Attempt to Recover
Global equities showed signs of stabilization following several sessions of declines.

Futures tied to the S&P 500 rose around 0.6%, suggesting the index could end a four-day losing streak. European equities were also expected to open higher, while Asian markets posted modest gains overall.

The MSCI All Country World Index, a broad measure of global stocks, remained largely unchanged after three consecutive sessions of losses, highlighting the cautious tone that continues to dominate investor sentiment.

Asian markets presented a mixed picture:

 

1. Hong Kong’s Hang Seng advanced more than 1%
2. South Korea’s Kospi gained roughly 0.6%
3. China’s Shanghai Composite slipped slightly
4. Japan’s Nikkei edged lower

Despite the tentative rebound, equity markets remain sensitive to headlines related to the ongoing conflict and its implications for global growth and inflation.

Oil Markets Swing on Supply Disruption Fears
Energy markets remain at the center of the current volatility.

Brent crude briefly surged above $106 per barrel, its highest level since 2022, following reports of US strikes targeting military sites on Kharg Island, a key Iranian oil export hub.

Prices later retreated toward $104 per barrel, while West Texas Intermediate (WTI) traded just below the psychological $100 level.



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Oil prices have surged dramatically since the conflict began, rising more than 40% as traders priced in the risk of supply disruptions from the Middle East.

The primary concern remains the Strait of Hormuz, through which roughly 20% of global oil and liquefied natural gas shipments typically pass.

Shipping traffic through the strategic waterway dropped to zero over the weekend, marking the first complete halt since hostilities began on February 28.

Under normal conditions:

 

1. Around 77 vessels cross the strait daily
2. The corridor carries a significant share of global energy exports from Gulf producers including Saudi Arabia, the UAE, Kuwait and Iraq.

Security risks, vessel attacks and rising insurance costs have prompted many shipping companies to avoid the route entirely, amplifying fears of prolonged supply disruptions.

Signs of Partial Relief for Markets
Despite the tensions, several developments helped calm markets slightly.

Iranian Foreign Minister Abbas Araghchi indicated that the strait had only been closed to vessels belonging to “enemy” nations, raising hopes that energy flows may not be fully disrupted.

Additionally, two liquefied petroleum gas tankers successfully passed through the corridor en route to India, offering tentative evidence that shipping activity could resume under certain conditions.

Meanwhile, the International Energy Agency (IEA) confirmed that oil from an unprecedented 400-million-barrel emergency stockpile release will be made available immediately to help offset supply disruptions.

These measures may help ease short-term shortages, although markets remain highly sensitive to further military developments.

US Dollar Weakens After Haven Rally
Currency markets also reflected shifting risk sentiment.

The US dollar, which had strengthened significantly during the initial escalation of the conflict, pulled back slightly as risk appetite stabilized. Bloomberg’s dollar index declined around 0.2%, with the greenback weakening against most major currencies.

The euro held steady near $1.14, while the British pound traded around $1.32.

Meanwhile, the Japanese yen remains under pressure despite geopolitical uncertainty, an unusual dynamic given its traditional status as a safe-haven currency.

Analysts note that Japan’s heavy dependence on imported energy makes the currency particularly vulnerable to oil price shocks. With crude prices rising sharply, the yen has struggled to attract typical safe-haven flows and is trading near 160 per dollar, levels that previously triggered intervention by Japanese authorities.

Bond Markets Reflect Inflation Concerns
Government bond markets continue to reflect inflation worries stemming from higher energy prices.

The yield on the US 10-year Treasury declined slightly to around 4.26%, snapping a five-day rise as investors sought relative safety after recent market turbulence.

However, the surge in oil prices has already pushed yields higher over recent weeks, as traders worry that rising energy costs could fuel broader inflation pressures and delay potential interest rate cuts.

As a result, markets now see virtually no chance of a Federal Reserve rate cut at the upcoming policy meeting, with policymakers likely to remain cautious while assessing the inflation impact of the conflict.

Gold Hovers Near Historic Highs
Precious metals markets have also been heavily influenced by the geopolitical environment.

Gold fluctuated around the $5,000 per ounce level, reflecting a tug-of-war between safe-haven demand and rising interest rate expectations.

While the metal initially rallied as tensions escalated, its momentum has slowed as investors reassess the possibility that inflation may remain elevated, forcing central banks to maintain higher borrowing costs.

Even so, gold remains up roughly 16% year-to-date, supported by ongoing geopolitical risks and concerns about potential stagflation, a combination of slower economic growth and persistent inflation.



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Cryptocurrency Markets Show Risk Recovery
Cryptocurrency markets showed modest gains as risk sentiment improved slightly.

Bitcoin rose close to 3%, trading near $73,800, while Ether climbed more than 6%, reflecting renewed speculative interest following recent market turbulence.

Crypto assets have shown mixed behavior during the conflict, sometimes trading as risk assets alongside equities and at other times benefiting from broader concerns about geopolitical instability.

Traders Remain Focused on the Strait of Hormuz
Despite signs of stabilization across markets, uncertainty remains extremely high.

The United States is reportedly working to form an international coalition to escort commercial vessels through the Strait of Hormuz in an attempt to restore shipping flows and secure the energy corridor.

However, military strikes between the US and Iran continue, and officials have warned that the conflict could last four to six weeks, leaving markets vulnerable to sudden swings.

For traders, the key risks to monitor in the coming days include:

 

1. Whether shipping activity resumes through the Strait of Hormuz
2. Any escalation targeting energy infrastructure
3. Further movements in oil prices above the $100 threshold
4. Shifts in inflation expectations affecting central bank policy

With geopolitical headlines continuing to dominate market sentiment, volatility across commodities, currencies and equities is likely to remain elevated in the near term.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 17th March 2026.

Oil Surge and Middle East Tensions Weigh on Global Markets as Central Banks Take Focus.

https://www.hfm.com/api/get-analysis...ollar_and_Flag
Global financial markets lost momentum on Tuesday as rising geopolitical tensions in the Middle East pushed oil prices higher, dampening risk appetite and shifting investor focus toward inflation and central bank policy decisions.

A brief recovery in global equities, led by technology stocks, appears to be fading, with futures pointing to a weaker open in both Europe and the United States. Market sentiment is increasingly being driven by developments in energy markets and geopolitical uncertainty rather than corporate optimism.

Equities Slip as Risk Sentiment Weakens
Equity-index futures indicate that both European markets and Wall Street could decline by around 0.5%, reflecting a shift toward caution among investors. Earlier optimism, particularly in the technology sector, had lifted Asian equities, which ended the session up 0.7% after trimming stronger gains.

The initial boost in Asian markets was supported by positive sentiment surrounding Nvidia Corp., which helped drive technology shares higher. However, broader market direction remains fragile as macroeconomic and geopolitical risks intensify.

Analysts increasingly warn that equities face mounting pressure from rising oil prices, which could simultaneously fuel inflation and push bond yields higher, creating a challenging environment for stock valuations.

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Oil Prices Surge Amid Middle East Escalation
Oil markets have become the primary driver of global sentiment. Brent crude climbed nearly 4% to around $103.78 per barrel, reversing a previous decline and extending its gains since the start of the conflict. Prices remain below the peak of $119.50 but are still up nearly 50% compared to pre-conflict levels.

The surge comes as Iran intensifies attacks on energy infrastructure across the Gulf region. A drone strike hit the Shah gas field in the United Arab Emirates, one of the largest in the world, while a tanker was struck near the port of Fujairah in the Gulf of Oman.

Tensions have also escalated in Iraq, where a drone struck a hotel in Baghdad, prompting the US embassy to advise American citizens to leave the country.

A key concern for markets remains the stability of the Strait of Hormuz, a critical route for global oil shipments. Shipping traffic through the strait has slowed significantly, although some vessels continue to transit. Notably, a Pakistan-bound tanker successfully passed through, while Iran-linked shipping activity has surged to wartime highs.



Currency and Bond Markets React to Inflation Risks

The US Dollar strengthened by 0.2% as investors sought safety amid rising uncertainty. Meanwhile, US Treasuries declined across the curve, with the 10-year yield rising to 4.25%, signalling expectations of persistent inflationary pressures.

Gold prices also rebounded, posting their first gain in five sessions as demand for safe-haven assets increased.

In foreign exchange markets, the Japanese yen weakened further, approaching the 160 level against the dollar. The currency’s decline reflects Japan’s heavy dependence on imported energy and the impact of rising oil prices on its trade balance.

Central Banks Face Growing Policy Challenges
The sharp increase in oil prices has complicated the outlook for global monetary policy. Investors are closely watching upcoming decisions from the Federal Reserve, European Central Bank, Bank of England, and Bank of Japan.

While these central banks are widely expected to hold interest rates steady, markets are increasingly focused on forward guidance, particularly regarding inflation risks linked to higher energy prices.

In contrast, the Reserve Bank of Australia has already taken a more aggressive stance, raising interest rates by 25 basis points to 4.1%, its second consecutive hike. The decision reflects growing concern over inflation driven by higher fuel costs and supply disruptions.

The RBA acknowledged that the Middle East conflict has introduced significant uncertainty into the global economic outlook, warning that prolonged tensions could push inflation higher while also weighing on growth.

Geopolitical Developments Add to Market Uncertainty
Geopolitical risks remain elevated as Donald Trump renewed calls for international support to secure the Strait of Hormuz and suggested that military operations could expand to include further strikes on oil infrastructure.

Trump also indicated that a planned summit with China’s leadership may be postponed, citing the need to remain focused on overseeing the conflict. The potential delay has raised concerns that geopolitical tensions could persist longer than anticipated, adding further pressure on global markets.

Meanwhile, Iran has denied reports of diplomatic engagement with US officials, signalling limited prospects for de-escalation in the near term.



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Outlook: Oil and Geopolitics to Drive Market Direction
The current market environment is increasingly shaped by the interaction between geopolitical risk, energy prices, and monetary policy expectations.

Higher oil prices are reinforcing inflation concerns, which in turn may limit the ability of central banks to adopt a more accommodative stance. At the same time, rising bond yields are creating additional headwinds for equities.

Unless tensions in the Middle East ease or oil prices stabilise, markets are likely to remain volatile. Traders will continue to monitor developments in energy infrastructure, shipping routes, and central bank communication for clearer direction in the days ahead.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 19th March 2026.

How Did the Fed Prompt Weaker Stocks and a Stronger US Dollar?

https://www.hfm.com/api/get-analysis...serve-Building
Markets were quick to react to the Federal Reserve’s rate decision and press conference. The Federal Reserve made the decision to keep the rate unchanged and many economists saw it as a ‘cautious pause’. The main response to the press conference was the stock market and Gold declining while the US Dollar rose.

Gold is trading at its lowest level since 6 February, the US Dollar is the week’s best performing currency and the NASDAQ fell 1.75%. What did the Federal Reserve Chair say to trigger such a market reaction?

HFM Insight - Why is the Market Showing a Risk-Off Appetite?
When the Federal Reserve and the Chair proceed as per market expectations, the markets tend to witness minimal volatility. However, this was not the case for March. The Fed Chair, Jerome Powell, told journalists that the economy is stronger than many seem to think and that the Middle East crisis is likely to trigger short-term higher inflation.

These two comments alone indicate that the Federal Reserve is not likely to easily consider cutting interest rates in the near future. When monitoring the FedWatch Tool, before the press conference, 60% of market participants were expecting the Fed to have cut on one occasion in 2026. Now the tool indicates that there is a 60% chance of no cut at all.

According to the Federal Reserve, inflation is still a problem: Powell said inflation remains above the target of the central bank. In the Fed’s projections, total PCE inflation is seen at 2.7% this year, with core PCE around 3.0% in February. Though Mr Powell stressed that developments in the Middle East are uncertain for the US economy and inflation, but will certainly trigger inflation in the short term, unless the conflict lasts longer than previous expectations.

In this context, two factors are vital for investors: the short term and whether the conflict lasts longer than expected. For this reason, investors are pricing in additional risk as the conflict has already lasted longer than previously expected.

NASDAQ - All Global Stock Markets Trade Lower!
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HFM - NASDAQ Chart

The NASDAQ and the stock market continue to trade within the recurring price range, but with a slight bearish bias. The issue for the stock market is that higher energy prices are likely to trigger lower consumer sentiment. At the same time, consumers are not likely to obtain relief from lower interest rates. As a result, the stock market looks less attractive to investors, particularly as the US Dollar also performs well.

However, JP Morgan strategists advise they do not expect the NASDAQ to fall below $23,900 under the current market conditions. According to JP Morgan, in order for the NASDAQ to see a decline below this level inflation would have to rise significantly and the conflict would have to escalate. Nevertheless, trend and momentum-based indicators continue to point towards a downward trend.

GBPUSD - The US Dollar Continues to Push Higher
The best performing currencies of the day so far are the Japanese Yen and US Dollar, while the worst performing is the Pound. For this reason, the GBPUSD shows less conflict and resilience as the price falls.

The main price driver for the US Dollar is the more hawkish central bank and expectations of a higher inflation rate. As institutions change their expectations for monetary policy, so does the pricing of the Dollar. For example, analysts at Goldman Sachs anticipated a 25-basis-point adjustment in September and December. However, they now only expect one cut in December 2026.

The Dollar's upward trend is also in line with market correlations such as the decline in Gold and Silver. For this reason, the price movement is potentially validated. However, the Pound is also likely to experience higher volatility when the Bank of England also confirms its own rate decision and view on market conditions.
Key Takeaways:

1. Fed signals fewer rate cuts, strengthening the US Dollar and pressuring Gold and equities.
2. Markets turned risk-off as Powell warned stronger growth may keep inflation elevated.
3. Higher energy prices and delayed rate cuts are weighing on stock market sentiment.
4. Dollar strength may potentially continue as markets price a more hawkish Fed outlook.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Michalis Efthymiou
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 23rd March 2026.

How Did the Fed Prompt Weaker Stocks and a Stronger US Dollar?

https://www.hfm.com/api/get-analysis...23a0a290997024
The US is attempting to reopen the Strait of Hormuz by escalating the conflict with a 48-hour ultimatum to Iran. President Trump himself made the announcement that Iran has two-days to open the Strait of Hormuz, but the exact expiry is not known. According to the report, the ultimatum will expire at some point today.

If they did not comply, the US would attack Iran’s energy infrastructure, starting with power plants. Analysts see this as a major escalation in the conflict which is likely to trigger a stronger retaliation from Iran. Security and defence analysts, such as Michael Clarke, advise investors that if the US does escalate, Iran will likely increase its attacks on oil infrastructure across Qatar, Saudi Arabia, and the UAE. How are markets reacting?

Crude Oil - Trump’s Ultimatum Pushes Oil Prices Higher


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HFM - Crude Oil Daily Chart

Towards the end of last week, oil prices were attempting to rise as investors grew concerned about significant damage to energy infrastructure in the Persian Gulf region. These concerns stemmed from the escalation of the US-Iran conflict. Even though the asset did not rise to new highs, the price saw limited downward price movement and generally remained elevated.

However, Crude oil prices are finding momentum this morning due to the new US ultimatum to Iran. Further supporting the bullish momentum, Qatari officials told journalists that the country had lost 17% of its liquefied natural gas (LNG) production capacity. They added that restoring this capacity could take up to five years. In addition, Israeli Prime Minister Benjamin Netanyahu announced the need for a ground operation. This could further escalate geopolitical tensions.

The US has tried various moves attempting to bring oil prices down, such as escorting tankers out of the Strait of Hormuz. The latest attempt was the White House’s willingness to partially lift sanctions on oil produced in the Islamic Republic. US Treasury Secretary Scott Bessent noted that this decision could be made within the next three to four days.

For this reason, volatility continues, with many analysts advising the price of Crude Oil could remain high for some years. In terms of technical analysis, the price is forming an ascending triangle, which points toward higher prices. In addition to this, on smaller timeframes, the price continues to form higher highs and trade above major moving averages.

XAUUSD (GOLD) - Middle East Countries Sell Some Gold Reserves
Gold had its worst week in almost 40 years with the asset declining for four consecutive days, totalling more than 17%. Gold prices are declining for three main reasons. The first reason is that investors believe global central banks will increase interest rates over the next 12-months, which would make the commodity less attractive.

Another factor weighing on Gold prices is that several Middle Eastern countries are selling part of their Gold reserves to offset lost income from oil sales. By selling Gold reserves, these countries are supporting their fiscal needs. The third reason for the downward pressure is related to Gold’s high price. According to analysts such as Jefferies, markets are unwilling to buy Gold at such high prices in these weak market conditions. Although Gold is a safe-haven asset and a well-known hedge against inflation, its high price makes it less attractive.

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HFM - Gold Daily Chart

Gold prices trade at their lowest level since mid-November 2025. Support levels can be seen for the commodity at $3,885, however, the main psychological price for investors remains $4,000. If the US Dollar Index does not rise above 100.00, the possibility of Gold rebounding increases.

Key Takeaway:

1. Trump gave Iran a 48-hour deadline to reopen the Strait of Hormuz.
2. Oil prices are rising as traders price in higher supply disruption risks.
3. Qatar’s LNG capacity loss adds to fears of prolonged energy shortages.
4. Gold remains under pressure from rate expectations, reserve sales, and high prices.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Michalis Efthymiou
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 24th March 2026.

Markets Rebound on De-Escalation Hopes, but Risks Remain.

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On Monday, the stock market saw a strong rebound while the US Dollar and oil fell near a two-week low. This price action suggests that risk appetite and overall market sentiment are improving. However, traders are still assessing whether this recovery has enough momentum to continue in the coming sessions.

The trend change, which took place during the middle of the European session, was primarily due to the US. More specifically, Trump told journalists that the ‘ultimatum’ he previously mentioned would not proceed and that the conflict will most likely end with negotiations.

This comment alone quickly changed market expectations. Traders previously were pricing in a higher probability of escalation, which drove energy prices higher and equities lower. Once the rhetoric softened, markets began to unwind those positions for two reasons. The ultimatum which was seen as a serious escalation would not hold and that there is a greater chance of ending the conflict. As a result:

 

1. Oil pulled back as immediate supply disruption fears eased, falling 14% in 30-minutes.
2. The US Dollar weakened as safe-haven demand declined, Falling to a two-week low.
3. The NASDAQ rose 3.70% before losing momentum and moving sideways.

However, the move appears driven more by sentiment than confirmed developments. Markets are now highly sensitive to headlines, meaning any shift back towards escalation could quickly reverse this trend.

De-Escalation or Fake News?
In addition to these comments from White House officials, the US also announced it would not attack Iran’s energy infrastructure for five days.
The decision was reportedly linked to constructive discussions with the leadership of the Islamic Republic. These talks were said to be aimed at easing the armed conflict. At the same time, several media outlets, including Iran’s Tasnim and Fars, cited their own sources. They said there is effectively no active negotiation channel with the United States. According to these reports, the pause in strikes reflects growing pressure from financial markets. It also reflects rising risks linked to US debt instruments and Western financial systems.

Official sources in Tehran have repeatedly stated that the Islamic Republic will continue its defensive strategy until it achieves what it considers a sufficient level of deterrence, according to regional media reports. In addition to this, Iran also advised that it will keep the Strait of Hormuz closed even after the conflict has ended. For this reason, even after the recent comments and attempts to de-escalate, risks for the broader economy and investments remain.

NASDAQ
The NASDAQ, which had been trading 10% lower than its recent highs, was quick to rebound after the comments from the US administration. The NASDAQ rose 3.70% and still remains 2.75% higher than yesterday’s lows. Of the 100 stocks within the NASDAQ, 81 stocks rose on Monday while 19 stocks continued to decline. This analysis of the individual components verifies the upward price movement, as does the VIX, which fell almost 5%.

Nonetheless, the price of the VIX on a weekly basis is still trading almost 18% higher, and technical analysis continues to signal stress levels. Regardless of the upward price movement on Monday, the price remains below the 75-bar EMA and below the VWAP.

In order for the price to be able to obtain further buy signals in the short term, it would need to rise above $24,267.30. Above this level would push the price above the key moving averages and increase the possibility of a higher high. However, if the price falls below $24,117.75, the possibility of a buy signal would weaken.



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HFM - NASDAQ 15-Minute Chart


US Dollar Declines on Monday
The best performing currency of the day remains the US Dollar despite the strong decline the day before. The price of the US Dollar Index opened the day with a bullish price gap measuring 0.22% and is trading above the 200-bar SMA on the 5-minute timeframe. However, similar to the NASDAQ, on larger timeframes the price is trading below key moving averages.

However, the US Dollar has been trading within an upward trend throughout most of 2026 and is also supported by fundamental factors. If the price of the Index rises above 99.23, the price will form a breakout indicating an upward correction.



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HFM - US Dollar Index 15-Minute Chart

The GBP, NZD, and AUD are the weakest performing currencies of the day while the US Dollar and CAD are the best performing.
Key Takeaways:

1. Stocks rebounded strongly after Trump signalled the ultimatum would not proceed and negotiations were more likely.
2. Oil dropped sharply as traders reduced fears of immediate supply disruptions and broader conflict escalation.
3. The US Dollar weakened as safe-haven demand faded and overall market risk appetite improved.
4. The rebound appears sentiment-driven, so any renewed escalation could quickly reverse the move.
5. Despite Monday’s recovery, Iran-related risks still threaten the broader economy, market stability, and investor confidence.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Michalis Efthymiou
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 25th March 2026.

Middle East De-Escalation Hopes Push Stocks Higher as Oil Prices Fall.

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Markets Shift as Diplomacy Eases Immediate Fears
Global markets are showing signs of relief as diplomatic efforts between the United States and Iran begin to gain traction. After weeks of heightened volatility driven by geopolitical tensions, investors are starting to price in the possibility of a near-term de-escalation.

Equity markets have moved higher, while oil prices have retreated from recent highs, reflecting a shift in sentiment from fear-driven positioning toward cautious optimism.

However, beneath the surface, the situation remains far from resolved.

Oil Prices Fall as Risk Premium Is Reduced
Crude oil has been at the centre of recent market volatility, acting as the primary barometer of geopolitical risk. As reports emerged of a proposed 15-point plan aimed at ending the conflict, alongside discussions of a potential temporary ceasefire, traders began unwinding positions that had priced in prolonged disruption.

Brent crude fell toward the $97 level, while West Texas Intermediate traded near $89 per barrel. This move reflects a partial removal of the geopolitical risk premium that had built up during the escalation phase. However, the decline should not be interpreted as a full normalisation of market conditions.

The Strait of Hormuz Remains the Key Variable

Despite the pullback in oil prices, a critical risk factor remains unresolved: the Strait of Hormuz. This strategic waterway is responsible for a significant share of global oil and gas flows, and current restrictions on tanker movement continue to disrupt supply chains. Even partial limitations can have an outsized impact on pricing, particularly in a market already sensitive to geopolitical developments.

For traders, the status of the strait is arguably more important than diplomatic headlines. A confirmed reopening would reinforce the current risk-on sentiment, while further restrictions could quickly reverse recent price declines.

Equities Gain as Inflation Concerns Ease
Equity markets have responded positively to the drop in oil prices, with futures linked to the S&P 500 moving higher. Lower energy costs help ease inflationary pressures, which in turn can reduce expectations for further monetary tightening.

This dynamic has supported a broader risk-on environment, with investors rotating back into equities as worst-case scenarios appear less likely in the short term.

However, the sustainability of this move depends heavily on whether diplomatic progress translates into tangible outcomes.

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Geopolitical Landscape Remains Fragile
While market sentiment has improved, developments on the ground suggest that risks remain elevated. Military activity between Iran and Israel continues, and Tehran has shown limited willingness to engage in direct ceasefire negotiations.

At the same time, Iran has renewed calls for a regional security alliance excluding the United States and Israel. This proposal highlights a broader strategic shift toward regional realignment and underscores the challenges of achieving a coordinated de-escalation.

Such dynamics point to a more fragmented geopolitical environment, which could sustain volatility in global markets over the medium term.
A Headline-Driven Environment for Traders
The current market environment is highly reactive, with price action driven largely by headlines rather than confirmed developments. Oil, in particular, has become a real-time gauge of geopolitical sentiment, while equities are responding to shifts in inflation expectations and risk appetite.

For traders and investors, this creates both opportunities and risks.

Short-term moves may be sharp and unpredictable, requiring disciplined risk management and a focus on key catalysts, including:

1. Updates on diplomatic negotiations
2. Developments in the Strait of Hormuz
3. Escalation or de-escalation in military activity

Conclusion: Optimism Builds, but Risks Persist
Markets are currently pricing in the possibility of de-escalation, leading to a rally in equities and a pullback in oil prices. However, the underlying risks have not disappeared.

The path forward will depend on whether diplomatic efforts translate into concrete actions, particularly regarding the reopening of critical energy routes and a reduction in military tensions.

Until then, volatility is likely to remain a defining feature of the market landscape.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 26th March 2026.

Rising Bond Yields and a Stronger US Dollar Pressure Gold and the AUD.

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The latest inflationary figures from Australia have put the year’s best performing currency under rare pressure. The Australian Dollar was at times trading more than 7% higher in 2026 alone. This was mainly due to the unwinding of short trades, a hawkish central bank, and strong economic growth. However, the latest inflation figures did not live up to expectations, and the currency is also under pressure from weak Gold prices and a strong US Dollar.

AUDUSD - Week Inflation Pressures the Best Performing Currency of 2026
The Australian Dollar continues to remain the year’s best performing currency even after weakening over the past two-weeks. The currency is currently trading 4.20% higher in 2026 so far, while the US Dollar trades 1.75% higher. The US Dollar is now the second best performing currency due to the bullish trend since the start of the US-Iran conflict.

The AUDUSD has been in a downward trend since March 11th. Though within this period, the Australian Dollar has continued to show signs of strength despite the trend. However, the trend saw a relatively one-sided trend on Wednesday due to the inflation figures.

Analysts had been expecting Australia’s inflation rate to remain at 3.8% and for inflation to rise by 0.1% on a monthly basis. However, no inflation was recorded for February and the inflation rate fell from 3.8% to 3.7%. Nevertheless, the inflation figures do not take into consideration the conflict and supply chain disruptions from the past few weeks. For this reason, analysts continue to believe the Reserve Bank of Australia will remain on a hawkish path.

For this reason, investors continue to believe that inflation will rise, as will interest rates. This is likely to support the Australian Dollar even though it may see stronger resistance against the US Dollar. The EURAUD and AUDJPY may see a more one-sided trend.

Furthermore, Ursula von der Leyen and Anthony Albanese announced that the EU and Australia had completed negotiations on a free trade agreement. This means many goods traded between them will become cheaper and easier to sell, as import taxes will be reduced or removed. This could also support the Australian Dollar. Australia will remove tariffs on many European goods such as wine, fruit and vegetables, chocolate, sugar, and other processed foods. The EU will also reduce or remove import barriers on many Australian goods, including wine, nuts, fruit, honey, some dairy products, and seafood, while allowing larger amounts of Australian beef, sugar, and rice to enter at lower tariffs.

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HFM AUDUSD 1-Hour Chart

In terms of technical analysis, the price maintains indications of a downward trend for the short to medium term, but with strong spikes upwards. The average spike against the US Dollar in recent weeks measures 1.85%. The price remains below the moving average of the 2-hour chart and in the negative area of the RSI. However, on a 5-minute chart, the price holds a neutral indication while the exchange rate is relatively close to a key support area.

If the AUDUSD’s price rises above 0.69522, buy signals are likely to materialise. Whereas, a price below 0.69395 will see sell signals strengthen.

XAUUSD - Bond Yields and the Dollar Pressure Gold Prices!
The World Gold Council said Gold is falling mainly because US government bond yields are rising. Economists also advise the stronger US Dollar and Gold reserve sales from the Middle East are also significantly pressuring Gold. When bond yields go up, gold often becomes less attractive to investors because gold does not pay interest. Right now, the 10-year US Treasury yield has risen to around 4.4%, and this has put pressure on gold prices. This reflects the usual pattern where gold and bond yields often move in opposite directions.

At the same time, the Council said geopolitical tensions still matter a lot. If tensions in the Middle East ease, such as safer shipping through the Strait of Hormuz or progress in US-Iran talks, the balance in the market could change. Investors have also not fully abandoned precious metals, as silver and gold positioning remains relatively stable. Trading activity has increased compared with last week, which shows that interest in the market is still active, even though gold remains under pressure.

The asset is currently witnessing a bearish bias due to the recent bearish momentum. In order for technical analysis and indicators to start pointing towards a potential uptrend, the price will need to rise above $4,536.65 for a stronger signal or $4,469.86 for a short-term bullish signal.

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HFM XAUUSD 1-Hour Chart

Key Takeaways:

1. The Australian Dollar remains 2026’s best-performing currency, but recent pressure has weakened its momentum.
2. Softer-than-expected Australian inflation data triggered the latest decline in the Australian Dollar.
3. Markets still expect the Reserve Bank of Australia to remain hawkish, which may support the currency.
4. A stronger US Dollar and weaker Gold prices are creating added pressure on the Australian Dollar.
5. Gold remains under pressure from rising US bond yields and the stronger US Dollar.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Michalis Efthymiou
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 27th March 2026.

US Dollar & Gold Analysis: What Will Reinitiate Gold’s Bullish Trend?

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The US Dollar value increases for a third consecutive day adding in total 1% to the price of the currency. While the US Dollar increases in value, Gold has come under immense pressure declining at some point by up to 27% from its highs to recent lows.

Investors are turning to the US dollar as a safe-haven asset, with the Fed now expected to keep rates unchanged for the foreseeable future. In addition to this, Gold is viewed as less attractive due to rising US bond yields and the commodity’s elevated high levels.

Nonetheless, most economists still believe demand will return for Gold. So, what is required for Gold to return to a bullish trend?

Gold - Economists Believe Demand Will Return!
As Gold trades at its lowest level since mid-November 2025, economists continue to believe demand will again rise. However, according to analysts, in order for Gold to see higher demand real bond yields need to fall. Currently, bond yields are rising to relatively high levels, currently trading at their highest level since July. In addition to this, inflation is yet to see a significant upward spike. For this reason, real bond yields (not nominal yields) are increasing to new highs.

Bond yields are currently trading at 4.4160, while inflation is at 2.4%, relatively low. As a result, bonds and the US Dollar are able to hedge against inflation. However, if inflation rises and brings down real yields. In other words, the US bond yields cannot keep up with inflation, investors are likely to return to Gold as their safe haven option.

While real bond yields will be particularly key for the price of Gold, investors will continue to monitor the US Dollar.



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In terms of technical analysis, a key support and psychological level for Gold is between $4,000 and $4,085 level. However, if the price rises above $4,473.30, it could signal a short-term bullish move. A move above $4,512.20 would be a stronger sign of buying pressure and could confirm a more solid upward signal. However, many traders will only take these signals seriously if the US Dollar and real bond yields are simultaneously falling.

USDCHF - Iran Reject Trump 15-Point Proposal
The main price driver for the US Dollar continues to be the conflict in the Middle East and the Strait of Hormuz. The US Dollar is trading at 99.60 on the USDX and started the day slightly higher. This happened because hopes for a peaceful solution in the Persian Gulf have weakened since yesterday evening.



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Last night, Iran rejected a 15-point peace proposal from the White House, saying it did not reflect Tehran’s views. Iran then sent back its own five-point proposal, calling for an Israeli ceasefire and full compensation for the damage caused during the conflict.

Many analysts believe President Donald Trump is unlikely to accept these demands. At the same time, The Wall Street Journal reported that, based on comments from senior US congressional defence leaders, a ground operation in Iran could begin soon. US forces may also target Kharg Island, which is a major oil export point for Iran. The Island handles around 90% of the country’s oil exports.

Iranian news agency Tasnim said Tehran’s response would be unprecedented. Due to these rising tensions, investors are moving money into safe-haven assets, which are investments seen as safer during uncertainty. The US dollar is one of these assets, so demand for it has increased.

At the same time, US economic data had little overall impact. New jobless claims rose slightly this week from 205,000 to 210,000, while continuing claims fell from 1.851 million to 1.819 million. Despite signs of economic strain, there is still not enough evidence for the Federal Reserve to cut rates. Most economists therefore expect the Fed to hold, especially with inflation likely to rise in the coming months.

Key Takeaways:

1. The US Dollar rose for a third straight day as investors sought safety during rising geopolitical tensions.
2. Gold fell sharply in the medium term as rising bond yields and a stronger Dollar reduced its appeal.
3. Economists still expect gold demand to recover if real bond yields begin to fall as inflation rises.
4. Iran rejected a 15-point peace proposal from the White House. Iran then sent back its own five-point proposal, asking for an Israeli ceasefire and full compensation for the damage caused during the conflict.
5. Middle East tensions and Fed rate expectations continue to support the US Dollar.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Michalis Efthymiou
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 30th March 2026.

Markets on Edge: Oil, Geopolitics, and Key Data to Drive the Week Ahead.

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A Nervous Start for Global Markets
Markets didn’t ease into the week, they stepped into it cautiously.

Across Europe and Asia, stocks opened under pressure, extending last week’s losses as investors continue to digest the growing uncertainty surrounding the Middle East. What started as a contained geopolitical event is now being treated as something far more serious, and that shift in perception is clearly visible in price action.

After holding up surprisingly well in recent weeks, equities are beginning to crack. Major indices like the S&P 500 and Nasdaq 100 have slipped into correction territory, reflecting a broader change in sentiment. The mood has shifted from ‘buy the dip’ to something more defensive, protect capital first, then think about returns.

At the center of it all is the ongoing Iran conflict, which remains the dominant driver of market direction.

Oil Is the Market’s Pressure Point
If there’s one market telling the story most clearly right now, it’s oil.

Prices have surged sharply, with Brent crude pushing above $110 per barrel. That’s not just a headline number, it’s a signal that traders are starting to price in real supply risks rather than just speculation.

A major concern is the Strait of Hormuz, one of the world’s most important oil routes. Any disruption there wouldn’t just move oil prices, it would ripple across the global economy, pushing inflation higher and putting pressure on growth.

There’s also growing unease around potential escalation, including threats to key infrastructure and the possibility of a wider regional involvement. And that’s where things become more complex for markets, because it’s no longer just about oil, it’s about how long this situation could last.

For traders, this environment means one thing: volatility isn’t going anywhere.

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Stocks Are Feeling the Pressure
Equity markets are starting to reflect that reality.

Last week marked the fifth consecutive weekly decline for US stocks, something we haven’t seen in years. It’s not panic, but it’s definitely discomfort.

Rising energy costs are squeezing margins, growth concerns are creeping back in, and central bank uncertainty isn’t helping. Tech stocks have taken the biggest hit, dragging the Nasdaq lower, while more traditional sectors have held up slightly better.

At the same time, money is quietly rotating. Bonds are attracting buyers again, gold is stabilising, and the Japanese yen is gaining strength. These aren’t aggressive moves,but they’re telling. Investors are starting to lean towards safety.

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The Fed Is Back in the Spotlight
While geopolitics is dominating headlines, macro data is just as important this week, especially when it comes to the US labour market.

Recent figures showed that employers cut 92,000 jobs in February, which raised a few eyebrows. It’s not a collapse, but it’s enough to spark questions about whether the labor market is starting to lose momentum.

That makes this week’s data particularly important. The Federal Reserve is watching closely, and so is the market.

After cutting rates late last year, the Fed has paused due to stubborn inflation. Now, they’re stuck in a difficult position. If the labor market weakens further, pressure to cut again will build. But if inflation stays high, they may have no choice but to hold rates where they are.

For traders, this creates a tricky dynamic. Good news and bad news can both move markets, it just depends on how they shift expectations around interest rates.

Are Consumers Starting to Pull Back?
Another key piece of the puzzle is the consumer.

Spending has shown signs of slowing at the start of the year, although part of that has been blamed on temporary factors like poor weather. Still, this week’s retail sales data will be important in confirming whether that slowdown is fading, or sticking.

Consumer confidence will also be in focus, especially as geopolitical tensions and rising oil prices start to filter into everyday sentiment. If households begin to feel less secure, that can quickly translate into weaker spending.

And since consumer activity drives a large part of the US economy, any shift here matters, not just for growth, but for markets as well.

Earnings in Focus: A Look at the Real Economy
This week also brings a fresh batch of corporate earnings, offering a more grounded view of how businesses are navigating the current environment.

Nike is one of the most closely watched names. The company has been under pressure, but there’s a growing sense among some analysts that it may be nearing a turning point. Whether that optimism is justified will become clearer once the numbers are out.

At the same time, Conagra Brands and other food producers will give us insight into something even more important, how consumers are behaving when it comes to everyday spending. Updates from McCormick & Company, Lamb Weston, and Cal-Maine Foods will help paint that picture.

These are the kinds of companies that don’t just reflect the economy, they live it. And right now, their signals matter.

Quiet Strength in Bonds
While stocks have struggled, bonds are starting to find some footing again.

Yields have edged lower as investors look for safer places to park capital. It’s not a dramatic move, but it does suggest that expectations are shifting slightly, towards slower growth and possibly more supportive central bank policy down the line.

Some larger players are already positioning for that scenario, anticipating that if the economic outlook weakens further, bonds could outperform.

What Traders Should Watch This Week

1. Developments in the Iran conflict and any signs of escalation
2. Oil price movements and their broader impact on inflation
3. US labour market data, especially the Non-Farm Payrolls report
4. Consumer strength through retail sales and confidence figures
5. Corporate earnings, particularly in consumer-focused sectors

Final Thoughts: A Market Driven by Headlines and Data
This is one of those weeks where everything matters.

Geopolitical headlines can move markets in seconds, while economic data can reshape expectations just as quickly. It’s a challenging environment, but also one full of opportunity for those who stay disciplined.

For newer traders, this is a reminder that risk management isn’t optional, it’s essential. For more experienced participants, it’s a time to stay flexible and avoid becoming too attached to a single narrative.

Because right now, the market is doing what it does best, adapting in real time.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 31st March 2026.

Oil Volatility, Gold Rally, and Geopolitical Risks Dominate Sentiment.

https://www.hfm.com/api/get-analysis...e=HFM-oil-gold
Global financial markets remain highly sensitive to geopolitical headlines as escalating tensions in the Middle East continue to disrupt energy flows and shape investor sentiment. From surging oil prices to shifting expectations around interest rates, today’s market environment is being driven by a complex mix of supply shocks, central bank signals, and risk appetite fluctuations.

Oil Prices Surge Amid Supply Disruptions
Crude oil markets remain at the center of attention, with Brent Crude Oil climbing above $115 per barrel before stabilizing near $113. The move comes as escalating conflict between the US, Israel, and Iran threatens critical supply routes.

The Strait of Hormuz, a vital artery for global oil transportation, is operating at severely reduced capacity. Estimates suggest that:

 

1. Around 100 million barrels per week are currently unable to pass through the strait
2. Monthly disruptions could reach 400 million barrels

If these constraints persist for the next 6–8 weeks, analysts warn oil could spike toward $150–$200 per barrel, driven by the physical imbalance between supply and demand rather than political rhetoric.

Recent developments, including drone strikes on oil tankers near Dubai and continued missile activity across the Gulf region, underscore the fragility of energy infrastructure and the growing risk premium embedded in oil prices.

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Gold Gains on Fed Signals and Safe-Haven Demand
At the same time, Gold has extended its upward momentum, briefly jumping over 2% before stabilizing near $4,560 per ounce.

The rally is being supported by two key factors:

1. Federal Reserve Signals
Comments from Jerome Powell suggested that interest rates are currently in a “wait-and-see” phase, easing fears of aggressive tightening despite rising oil-driven inflation.

 

1. Treasury yields declined
2. Rate hike expectations softened
3. The opportunity cost of holding gold decreased

2. Geopolitical Uncertainty
Safe-haven demand remains strong as investors react to:

 

1. Ongoing conflict in the Middle East
2. Uncertainty over US military strategy
3. Risks of further escalation impacting global trade routes

However, despite the recent bounce, gold still faces structural pressure as markets are not fully pricing in an economic slowdown, limiting the upside unless recession risks intensify.

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Equity Markets Show Mixed Performance
Equity markets are struggling to find direction amid conflicting signals:

 

1. US futures edged higher, reflecting cautious optimism
2. European stocks opened flat as investors digest geopolitical developments
3. Asian markets declined sharply, led by losses in South Korea

The divergence highlights the current environment where headline-driven trading dominates, with investors reacting quickly to geopolitical updates rather than macroeconomic fundamentals.

Political Developments Add Complexity
Recent statements from Donald Trump indicate a potential willingness to end the conflict with Iran, even if the Strait of Hormuz remains partially closed. This suggests possible de-escalation scenarios, though risks remain elevated.

Meanwhile, Benjamin Netanyahu stated that military operations are “beyond the halfway point” in terms of objectives, but without a defined timeline, reinforcing uncertainty around the duration of the conflict. At the same time, threats of further strikes on Iranian infrastructure, including oil and desalination facilities, continue to keep markets on edge.

Key Takeaways for Traders

1. Oil remains fundamentally driven: Supply disruptions, not political commentary, are dictating price direction
2. Gold is balancing forces: Supported by lower yields and risk aversion, but capped by stable economic expectations
3. Markets are headline-sensitive: Short-term volatility will likely persist as geopolitical developments unfold
4. Risk management is critical: Rapid shifts in sentiment can trigger sharp moves across commodities, currencies, and equities

Market Outlook
Looking ahead, traders should closely monitor:

 

1. Developments around the Strait of Hormuz and global oil flows
2. Any concrete progress in US-Iran negotiations
3. Central bank communication, particularly from the Federal Reserve
4. Broader risk sentiment across equity and bond markets

The current environment reinforces a key principle: markets are being driven less by forecasts and more by real-time geopolitical developments and physical supply constraints.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 1st April 2026.

What Will Determine If Gold Rebounds?

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On the last day of the month, Gold witnesses its strongest gains within the month of March. The commodity rose in value by 3.45% and also continues to rise further during this morning’s Asian session. If the price of Gold continues to rise today, the asset will complete its fourth day of consecutive increases.

The reason for Gold’s bullish price movement is largely due to three factors. The Israeli Prime Minister on Tuesday, told journalists that half of the country’s aims have been achieved, meaning that the conflict could last for some time. This is driving the price of Gold higher. However, another key development triggering demand for Gold is bond yields and interest rates.

How Are Interest Rates & Bonds Supporting A Gold Rebound?
One reason investors preferred the US Dollar over Gold as a safe-haven asset was bonds. Rising bond yields made the Dollar more attractive, especially as investors viewed gold as extremely expensive. Yields climbed to their highest level in eight months. However, bond yields have fallen for four consecutive days and, at the same time analysts are expecting inflation to increase.

With bond yields falling and inflation increasing, the market is likely to witness a negative real bond yield. As a result, the US Dollar becomes less attractive as a hedge against inflation and investors turn to Gold. Gold has been used as a hedge against inflation on multiple occasions since the 1970s and most recently during the 2022 inflation crisis.

The US inflation data, due on April 10th, will be key for gold. It may confirm whether bond yields will turn negative. Currently, analysts expect inflation to rise from 2.4% to 4.0%. However, some Wall Street reports suggest it could reach 4.2%.

Nevertheless, a word of caution for market participants. Market volatility and trends will also largely depend on the Federal Reserve. Generally, higher inflation is traditionally known to support Gold, however, if the Federal Reserve is quick to react and become significantly hawkish, the Dollar becomes more attractive and bond yields will rise. As a result, Gold may come under pressure.

Gold - Technical Analysis

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HFM - XAUUSD 4-Hour Chart

Gold prices had fallen 22% throughout the crisis, and the rebound of the past few days measured a 50% correction. For this reason, based on price action theories, the asset is still at risk of this price movement being a strong retracement before declining again. However, this will fade if the price rises to $4,800, indicating a potential bullish trend in the long term.

In the short term, the price of Gold is trading above the most important moving averages and above the day’s VWAP. The asset is also forming clear higher highs and lows while the US Dollar is the day’s worst-performing currency. For this reason, momentum analysis is pointing towards Gold continuing to rise in value.

The US Dollar
A key element for Gold will be the US Dollar, real bond yields and the Federal Reserve’s reaction. However, for the US Dollar in the short term investors will be monitoring today’s ADP NFP Change, Retail Sales figure and ISM Purchasing Managers’ Index.

If these figures come in above expectations, the US Dollar could rise in value. This is because the Fed may feel more confident about raising interest rates in the short term to tackle inflation. Economists are advising that the possibility of the Federal Reserve slightly raising rates is feasible, but is only likely to be possible for a short period.

Investors remain focused on the latest remarks from Fed Chair Jerome Powell. Speaking at Harvard University, Powell said inflation expectations remain stable despite rising energy prices. As a result, the Fed does not currently plan to adjust borrowing costs, as he believes interest rate changes affect the economy with a delay. In his view, tightening monetary policy now would do little to offset the inflationary effects of the US-Iran confrontation.

However, some experts believe Powell’s optimism may be overstated, particularly as he is expected to step down in May. Over the past month, US gasoline prices have climbed 30% to $4.0 per gallon, while diesel has risen 40.0% to $5.0 per gallon, marking the highest levels seen since the start of the Russia-Ukraine conflict in 2022.

Nonetheless, key releases this week for the US Dollar will be today’s three releases as well as Friday’s NFP employment data.

Key Takeaways:

1. Gold surged 3.45% at month-end and is on track for a fourth consecutive day of gains.
2. Falling bond yields and rising inflation expectations are driving demand, increasing the likelihood of negative real yields.
3. The April 10 US CPI release is critical, with forecasts pointing to a sharp rise towards 4.0%-4.2%.
4. Despite bullish momentum, a more hawkish Federal Reserve could strengthen the US Dollar and pressure gold prices.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 2nd April 2026.

Stock Market Today: Futures Fall as Iran Tensions Lift Oil Above $100.

https://www.hfm.com/api/get-analysis...ured_1_abcnJzp
Global markets turned cautious on Thursday, with US equity futures moving lower as uncertainty surrounding the ongoing conflict between the US and Iran persists. Comments from Donald Trump indicated that military operations are not yet complete, reducing expectations for a near-term resolution and keeping investors on the defensive.

At the time of writing, S&P 500 futures are down approximately 1.3%, while Nasdaq 100 futures are underperforming with losses near 1.6%. Dow Jones futures are also trading lower, reflecting a broader pullback in risk appetite as the week draws to a close.

Energy Markets Remain the Key Driver
Oil continues to play a central role in shaping market direction. Both Brent Crude Oil and West Texas Intermediate have moved back above the $100 level, reversing earlier declines as supply concerns resurface.

Since the escalation of the conflict in late February, oil prices have risen significantly, with volatility driven largely by uncertainty around supply routes. In particular, the Strait of Hormuz remains a critical focal point for traders, given its importance in global energy transportation. Any disruption or confirmation of reopening, could lead to sharp price reactions across energy markets and beyond.

From Oil Shock to Energy Shock
The current environment is increasingly being viewed as a broader energy shock rather than a traditional oil-driven event, according to Bank of America. This reflects the evolving structure of the global economy, which is now more sensitive to disruptions across the wider energy complex.

Rather than focusing solely on crude, markets are reacting to pressures across natural gas, supply chains, and industrial inputs. This has important implications for inflation and growth expectations, which are now moving in opposite directions.

 

1. US growth is projected to slow to 2.3% in 2026
2. Inflation is expected to rise to 3.6%
3. Global growth forecasts have been revised lower
4. Inflation projections have been revised higher

This combination points to a mild stagflationary backdrop, which typically creates a more challenging environment for equities and risk assets.

Global Market Reaction: Signs of Rotation
Equity markets are beginning to show early signs of rotation, particularly within the technology sector. High-growth names, including AI leaders such as Nvidia, are losing momentum after an extended period of strong performance.

This shift is largely driven by macro factors. As inflation expectations remain elevated, bond yields tend to stay higher, which in turn puts pressure on growth valuations. As a result, investors are gradually adjusting their positioning, with some rotation towards more defensive sectors becoming evident.



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While this does not necessarily signal a long-term trend reversal, it highlights a change in short-term market leadership that traders should monitor closely.

The more cautious tone is reflected across global markets. Asian equities have moved lower, with some indices posting notable declines following the latest geopolitical developments. At the same time, energy prices have resumed their upward trajectory, while European natural gas prices have also edged higher.

Interestingly, gold prices have declined despite ongoing geopolitical tensions. This suggests that recent moves may be driven more by positioning adjustments and profit-taking rather than a traditional flight to safety.

Key Events Ahead
With markets heading into the Good Friday closure, focus now shifts to upcoming US economic data, which could provide further direction.

Key releases to monitor include:

 

1. Weekly jobless claims
2. The Non-Farm Payrolls (NFP) report

These indicators will be closely watched for signals on the strength of the labour market and the broader economic outlook, particularly in the context of rising energy prices.

Conclusion
Markets remain highly sensitive to geopolitical developments, with energy prices acting as the primary transmission channel into broader asset classes. The lack of clarity around the Iran conflict continues to limit risk appetite and reinforce a more cautious trading environment.

In the near term, traders should expect:

 

1. Continued headline-driven volatility
2. Strong correlation between oil and equity markets
3. Ongoing pressure on risk sentiment if tensions persist

Maintaining flexibility and disciplined risk management remains essential as markets navigate this complex backdrop.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Andria Pichidi
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 6th April 2026.

15 Ships Cross the Strait As Iran Consider Ceasefire.

https://www.hfm.com/api/get-analysis...e=HFM-oil-gold
Crude Oil reached its highest price throughout March at $119 per barrel, but it was relatively quick to fall closer to $100. However, Iran continues to target neighbouring countries' oil production facilities. As a result, Oil has been rising for two consecutive weeks and is now trading at almost $112 per barrel.

Over the weekend, Iran increased its attacks, particularly on Abu Dhabi and Kuwait triggering strong volatility. Abu Dhabi authorities said operations at the Borouge plant were suspended after debris from an interception hit the facility. Kuwait said Iranian drone attacks damaged two power plants and sparked fires at oil facilities.

Most countries observe Monday the 6 as a bank holiday for Easter, so some markets are closed and others see lighter order flow.

Crude Oil - Iraqi Ships Allowed To Cross Strait Of Hormuz
There are many factors pushing the price of Oil upwards including Trump’s escalating comments and the recent Iran attacks. In addition to this, OPEC’s recent report on the forward guidance of the market conditions also worries investors. According to OPEC, the region will not be able to return to full capacity after the conflict ends for over two years.

As a result, the market is likely to face tighter global supply conditions, with Russian exports remaining constrained by ongoing sanctions and Middle Eastern production also under pressure due to the recent disruptions. This combination could reduce the amount of available supply in the market and keep upward pressure on prices.

The market is attempting to reduce the stress on the supply issues within the oil sector. OPEC has made a statement publicly confirming that certain countries will boost the production levels above previous restriction. Iraq told Asian traders and refiners to continue crude loadings after Iran allowed its oil tankers to pass through the Strait of Hormuz.

Iran has confirmed that 15 ships moved through the Strait over the weekend after being granted access. However, it is unknown whether these are linked to Iraq. Japan is advising that two of these 15 ships are Japanese.

Saudi Arabia has increased the official selling price of its main crude grade for Asian buyers to a record-high premium. The move also suggests that buyers may be willing to pay more to secure reliable cargoes amid ongoing concerns over global energy flows and Middle East production risks.

Investors say oil is unlikely to rise above $120 per barrel if the conflict ends within two weeks. Experts believe sanctions on Russia may ease if the conflict comes to an end. They also expect supply chains to restart, although likely at lower capacity levels. However, if the conflict lasts longer, experts believe crude oil could rise to $145 per barrel.



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HFM - Crude Oil 1-Hour Chart

A key development for Crude Oil will be a possible 45-day ceasefire, which is currently being discussed.

NASDAQ - Employment Data Boosts Investor Sentiment
The stock market is trading relatively well in comparison to the previous week due to a possible 45-day ceasefire and the latest US employment data.

Steve Witkoff and Jared Kushner are currently believed to be in Pakistan negotiating a 45-day ceasefire with Iran. According to reports, a ceasefire is possible, but some sticking points remain as Iran refuses to agree on certain key points. Overnight, President Trump said on his live network that if Iran does not agree to the deal, the US will attack the country's power plants.

A deal or lack of one in the upcoming days is likely to create a lot of volatility for the NASDAQ and global stocks. In addition to this, the latest employment data did not create volatility on Friday due to limited trading but is supporting the index this morning. The Non-Farm Employment Change rose by 178,000, more than double the previous projections. The US Unemployment Rate also fell from 4.4% to 4.3%.

Key Takeaways:

 

1. Oil rises for a second week, nearing $112, as Iran attacks energy infrastructure in Abu Dhabi and Kuwait.
2. Supply risks grow as OPEC warns capacity recovery may take over two years post-conflict.
3. Partial relief is seen as Iraq shipments resume via the Strait of Hormuz, but overall supply remains constrained.
4. Oil outlook depends on conflict duration: ~$120 if short-term, up to $145 if prolonged.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Michalis Efthymiou
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 7th April 2026.

NIKKEI 225 Outlook in 2026.

https://hfm.com/api/get-analysis-ima...atured_jcx3coM
The Japanese NIKKEI 225 has been the best-performing stock market of 2026. Despite difficult market conditions, it has still risen by more than 6%. However, throughout the month of March, while geopolitical conflicts escalated, the NIKKEI 225 was the worst-performing. What does this mean for the Japanese stock market?

Why is the NIKKEI 225 the best-performing of 2026?
The Japanese NIKKEI 225 trend was primarily supported by strong corporate earnings, a weaker yen boosting export competitiveness, and fiscal changes under a new government. Structural reforms and improved shareholder returns have also enhanced confidence, attracting both domestic and international capital.

The new Japanese Prime Minister, Takaichi, is a supporter of fiscal stimulus and a looser policy. For example, the new PM was quick to introduce more tax breaks and restructuring measures aimed at supporting Japanese companies. In addition to this, the new administration further expanded the country's benefits programme, aiming to boost consumer demand and families. As a result, investors were quick to trade the ‘Takaichi Trade’.

In addition, relatively stable monetary policy from the Bank of Japan has provided a supportive backdrop compared to more restrictive policies elsewhere. This has helped sustain liquidity and risk appetite, allowing the index to outperform despite global uncertainty and ongoing geopolitical tensions.

In 2026, up to the point of the conflict, the NIKKEI 225 had risen almost 20% in a period of less than three months.

The Middle East Crisis
The Middle East crisis was the pivotal point at which the trend came to an end. Upon the geopolitical sphere deteriorating, the index lost all gains from 2026 and did not find support until reaching the year’s lows.

The Japanese stock market saw a larger decline in comparison to other competitors as the country is more reliant on oil imports from the Strait of Hormuz. Whereas US and European countries do not rely on that region to necessarily support energy products. A positive factor for the Japanese stock market in recent days is that Iran has allowed a few Japanese ships to pass through the Strait. Nonetheless, the crisis continues to have a negative impact on the Japanese stock market.

What are Analysts Expecting for the NIKKEI 225?

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HFM - NIKKEI225 8-Hour Chart

Analysts remain broadly constructive on the NIKKEI 225, although expectations have become more cautious after its strong rally and the recent rise in geopolitical risk. The outlook will largely depend on how the conflict continues to develop.

If the conflict escalates further, the NIKKEI 225 may come under pressure from lower investor sentiment. However, this is something which will be a common issue throughout the global stock market. Under such conditions, the asset will see sell signals strengthen if the price falls below 53,157.60. However, a price above 53,189.00 indicates a bullish outlook based on the 75-period EMA.

If the conflict does end with the Strait being reopened, previous projections may again be relevant. A Reuters poll published on 24 February showed a median forecast of 58,500 by the end of 2026.

Key Takeaways:

1. The NIKKEI 225 is the best-performing major index of 2026, driven by earnings, a weaker Yen, and pro-growth policies.
2. The rally reversed sharply in March as Middle East tensions escalated, wiping out earlier gains.
3. Japan’s reliance on oil imports via the Strait of Hormuz makes its market more vulnerable to geopolitical shocks.
4. Analysts remain cautiously bullish, but the outlook depends heavily on how the conflict develops.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Michalis Efthymiou
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 8th April 2026.

Two-Week Ceasefire Transforms Market Sentiment.

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Markets on Wednesday looked markedly different from the conditions seen over the past month, with oil recording its sharpest decline in almost six years. At the same time, equities and gold posted strong gains, while bond yields finally moved lower.

The first wave of volatility was due to the comments from the Israeli and US administration on Tuesday afternoon. The comments indicated that the conflict would significantly escalate and enter a completely new phase. The US had started striking Kharg Island, while Israel hit infrastructure, while Trump also advised that they would hit power plants after midnight.

However, the price movement quickly changed later in the evening as Iran and the US came to a temporary agreement. The main reaction to this was Crude Oil falling 21% and the stock market rising on average by 4%.

US-Iran Agreement
The US and Iran have come to a temporary two-week ceasefire agreement, marking a significant de-escalation after weeks of military conflict. The agreement is the first made after five weeks, with both the US and Israel adding significant pressure as the deadline was approaching.

A key part of the deal is the reopening of the Strait of Hormuz, a critical global oil route amounting to 20% of global exports. Iran will allow safe passage for energy shipments through the Strait with no restrictions. In the previous week, some ships were allowed to pass but only for certain countries. The agreement was reached just hours before a US military deadline, helping to stabilise markets and reduce immediate geopolitical risk.

However, the agreement remains a short-term solution, with both sides using the ceasefire period to negotiate a lasting deal. Key disagreements remain, including sanctions and Iran’s nuclear programme, leaving the longer-term outlook uncertain. Nonetheless, the agreement is a de-escalation and market participants are focusing on this for now.

NASDAQ - Market Sentiment Returns
Technical analysis is for the first time on larger charts now indicating some strength within the stock market. The price movement is largely due to market sentiment improving due to the recent agreement, potential rate-cuts and lower bond yields.

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HFM NASDAQ 4-Hour Chart

According to the Fed Watch Tool, the possibility of a rate hike in April is now low and the possibility of a rate cut in the summer has returned. This is having a strong impact on the stock market in general, with all global indices rising. However, most economists advise that inflation will not allow the Federal Reserve to cut rates.

Later in the week, the US will announce the latest inflation rate, where analysts expect inflation to rise to 3.5%. The higher inflation rises, the more pressure will be applied on the NASDAQ and stocks in general.

Notably, in a joint interview for The Indicator from Planet Money, two US Federal Reserve officials, Cleveland Fed President Beth Hammack and Chicago Fed President Austan Goolsbee, stressed that inflation remains a greater concern than labour market conditions, reinforcing expectations of further US monetary tightening. Goolsbee specifically warned that tariff-driven price pressures, combined with rising energy costs amid escalating Middle East tensions, could trigger a ‘stagflationary shock’.

Currently, over 95% of the components within the NASDAQ are trading higher on Wednesday. In addition to this, the Put-Call ratio is falling along with the VIX (-12%). These factors indicate bullish price movement for the NASDAQ, but may not indicate a new all-time high. However, a full correction to the previous average price would see the target close to $25,191.

Gold Rebounds As Bond Yields Fall
The price of Gold is now trading at its highest price since March 19. A key factor for the price of Gold is the decline in the US Dollar as well as lower bond yields.

Bond yields are trading at 4.2380, the lowest since March 17. If bond yields continue to fall, particularly if below 4.2000, the price of Gold can find significant support. In addition to this, the US Dollar has also fallen 1.25%, also supporting the price of the commodity.

The global gold market is currently worth about $31.0 trillion. By the end of 2025, humanity had mined nearly 220 thousand tons of gold, according to the World Gold Council. Jewellery holds the largest share at 44.0%. Bullion and coins account for 21.0%, while central bank reserves make up 18.0%. Industrial use represents 10.0%, over-the-counter investments 5.0%, and ETFs 2.0%.

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HFM Gold 1-Hour Chart

Key Takeaways:

1. Markets reversed sharply after a US–Iran ceasefire, with oil dropping 21% while equities and gold surged.
2. The reopening of the Strait of Hormuz eased supply fears, but the agreement remains short-term and uncertain.
3. Stock market sentiment improved on lower yields and rate cut expectations, though inflation remains a key risk.
4. Gold strengthened as bond yields and the US Dollar declined, supporting demand for safe-haven assets

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Michalis Efthymiou
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 9th April 2026.

Oil Outlook Uncertain as Hormuz Stays Shut, High-Yield Currencies Rebound.

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Oil prices are again increasing in value after witnessing a significant drop the previous day. The main drivers for the upward price movement are the Strait of Hormuz remaining closed and Iran insisting that ships can pass after paying a duty fee.

As the US and Iran came to an agreement to start a 15-day ceasefire in order to allow time for negotiations, the price of Crude Oil fell 22%. The price has since risen 8% but still remains lower than the previous price range from the week before. The projections and possible trends within Oil will likely depend on two factors. The first is if the negotiations will end with an agreement or if the conflict will resume. The second is whether oil tankers will start moving through the Strait and if they will indeed be charged.

Crude Oil Latest Developments

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HFM - Crude Oil 1-Hour Chart


The US and Iran are preparing for talks in Islamabad tomorrow in order to attempt to come to an agreement. The US has advised that Vice President JD Vance will be attending the talks. Iran has stated it has achieved its strategic objectives and has rejected US proposals, instead presenting its own conditions. These include controlling tanker transit through the Strait of Hormuz via the IRGC, ending hostilities, and receiving reparations.

Both sides aim to reach a final agreement within 15 days, although this may be extended. However, if an agreement is not reached, there is a possibility of the conflict resuming. If it does resume, it would again impact oil prices and global inflation.

So far, the development has allowed the price of both Crude and Brent oil to fall. However, the decline has continued for a second day due to concerns over the shipping route. Iran has agreed to reopen the Strait of Hormuz for two weeks but will maintain full control over transit. Authorities plan to charge fees for vessels passing through, with estimates ranging from $2.0M per tanker to $1 per barrel, while empty ships may pass for free.

Each tanker must notify Iranian authorities in advance and receive approval before transit. Officials have warned that any unauthorised vessels could face severe consequences.

Currency Reaction - NZD and AUD Back On Top!
Since the ceasefire agreement was made public, the market was quick to unwind previous trades and return to a similar scenario to before the conflict began. As a result, the currencies which are benefiting most are the New Zealand Dollar and Australian Dollar. Over the past week, the NZD has risen 1.85% and the AUD 1.73%.

The worst-performing currencies have been the US Dollar and the Japanese Yen. Investors are reducing their exposure to safe-haven currencies and returning to currencies which are currently least at risk to trade tensions and offer higher interest rates. Both the Reserve Bank of Australia and New Zealand are among the most hawkish central banks at the moment.

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HFM - NZDUSD 1-Hour Chart

Silver (XAGUSD) - Demand Continues to Grow
The price of Silver is experiencing both up and down volatility despite the strong decline in the price of the US Dollar. Nonetheless, many economists expect the long-term outlook for Silver to remain positive because demand continues to be stronger than supply. According to the Silver Institute, the market will face a supply shortage for the sixth consecutive year. It forecasts a deficit of 67 million ounces this year, bringing the total five-year shortage to more than 800 million ounces.

Although supply is still growing, it is not increasing fast enough to meet demand. Total supply is expected to rise by 1.5% to 1.05 billion ounces, while mine production may grow by 1.0% and recycled silver by 7.0%. At the same time, silver stocks on COMEX have fallen sharply in recent months, showing that available silver in the market is becoming more limited.

Key Takeaway Points:

1. Oil rebounded after Tuesday’s sharp drop, as uncertainty over Hormuz transit and Iranian duty fees revived supply concerns.
2. The next move in oil will depend on whether negotiations succeed and whether tanker traffic resumes normally.
3. Risk sentiment improved after the ceasefire, lifting the NZD and AUD while the USD and JPY weakened.
4. Silver’s long-term outlook remains positive, as demand continues to outpace supply for a sixth straight year.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

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Michalis Efthymiou
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 10th April 2026.

Why Is Middle Eastern Geopolitics Dictating the Fate of the South African Rand?

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Global financial markets have just experienced a three-day period resembling an emotional rollercoaster. After strengthening sharply to 16.24 per USD thanks to optimism surrounding a ceasefire on April 8, the South African Rand is now once again on the verge of systemic weakness. Tehran's re-closure of the Strait of Hormuz and the intensification of attacks in Lebanon have erased the risk premium that had subsided.

As a high-beta currency, the Rand is highly susceptible to the risk-off phenomenon. When uncertainty increases, investors tend to abandon emerging market assets and turn to safe havens. However, the main driver this time is not simply sentiment, but energy fundamentals: South Africa is a net energy importer. Any spike in oil prices due to disruptions to global supply chains automatically puts pressure on the current account and triggers expectations of higher domestic inflation.

Monetary Dilemma: Between the SARB and the Shadow of the Fed
The current dynamics of the USDZAR are no longer traded solely based on the individual fundamentals of each country, but rather on the complex interaction between central bank policy and global inflation.

 

1. SARB's Transformation: The South African Reserve Bank (SARB) has shifted its narrative from dovish to highly cautious. With interest rates at 6.75%, the SARB's room for maneuver has narrowed. Although inflation briefly touched its 3% target, the risk of imported inflation due to the weakening Rand and soaring fuel prices forced the central bank to delay the rate cut cycle.
2. Dollar Dominance and US Yields: Although the dollar index (DXY) briefly slipped below 99, market attention is now fully focused on the release of the March CPI data. If US inflation data exceeds expectations, the "higher for longer" narrative will regain strength, pushing US bond yields up and putting double pressure on emerging market currencies like the Rand.

Strategic Projection
Given the current price structure, the USDZAR is expected to remain trapped in a high volatility corridor.

 

1. Pessimistic Scenario (Bearish ZAR): If peace negotiations fail and the Strait of Hormuz remains closed, we will see massive capital flight that could push USDZAR beyond 16.50. The combination of oil prices around $100 and a strengthening dollar would be a devastating catalyst for South African assets.
2. Optimistic Scenario (Bullish ZAR): The rand will only gain sustained upward momentum if the ceasefire is fully implemented and expectations of a Fed rate cut return to the table due to declining US inflation.

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Technically, USDZAR is currently in a critical transition phase, where failure to maintain the psychological level of 17.00 has triggered a sharper correction. The dominance of negative histograms on the Awesome Oscillator (AO) confirms the presence of strong bearish momentum, indicating that the current selling pressure is not merely a temporary fluctuation but a real threat to the previous uptrend structure. If the price consistently closes below 16.25, validating a decline towards the round 16.00 level becomes a very logical technical scenario.

Fundamentally, this movement reflects the Rand's sensitivity as a high-beta asset to geopolitical risks in the Middle East and the uncertainty of the global inflation path. Although the SARB's 6.75% interest rate cushion provides an interest rate cushion, South Africa's dependence on energy imports makes the currency highly vulnerable to shocks in the Strait of Hormuz. Therefore, the future direction of the USDZAR will depend largely on whether risk-off sentiment subsides, allowing a recovery above 16.50, or whether strong US inflation data will push the pair back to test resistance at 17.00.

Elegantly, the USDZAR currently reflects the fragility of global stability. As long as geopolitical risks in the Middle East remain a volatile variable, South Africa's domestic economic fundamentals will remain under the shadow of global energy price fluctuations.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Ady Phangestu
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Date: 10th April 2026.

US Dollar, Oil & Euro Analysis: Safe-Haven Demand Rises As Negotiations Fail.

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The US Dollar fell to its lowest level since the first days of the US-Iran war as inflation rose less than previously thought. The Dollar and financial markets more broadly now appear different after the US withdrew from negotiations. In addition to the negotiations failing, the US are advising that they will place a blockade on the straits this afternoon.

As a result, the US Dollar instantly rose 0.43% this morning, and Crude Oil again rose above $100.

The US Dollar Remains The Favoured Safe Haven Asset
Generally, lower inflation figures are known to have a negative impact on the currency. At first, the US Dollar did dip to a 6-week low, but without being able to maintain momentum. So, why did the US Dollar rebound?

The US inflation rate rose from 2.4% to 3.3% but fell below analysts’ previous expectations. Analysts were previously expecting the inflation rate to rise between 3.4-3.5%. However, traders remain focused on rising inflation and the fact that the outlook for interest rates remains unchanged. According to the Chicago Exchange, there is an 83% chance of no rate cuts in 2026, a 3% chance of a small hike and a 13% chance of a 0.25% cut.

For this reason, the Federal Reserve's monetary policy remains relatively restrictive, supporting the US Dollar. Also, the inflation rate reading lower is prompting a positive real bond yield. As a result, the Dollar remains an attractive hedge against inflation.

Regardless of the above, the US Dollar’s safe haven status is also playing a large role on Monday. The US military said it will begin a blockade on Monday targeting vessels entering or leaving Iranian ports after weekend talks in Islamabad failed to secure a deal, putting the fragile two-week ceasefire at risk. This development is creating a “risk-off” appetite on Monday.

Ships travelling to non-Iranian ports through the Strait of Hormuz will still be allowed to pass. However, Washington warned it would intercept any vessel that pays a toll to Iran, signalling renewed tensions.

Crude Oil Back Above $100 Per Barrel


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HFM - Crude Oil 15-Minute Chart

For Crude Oil, the main price driver remains the developments in the Middle East, with negotiations failing and the attempt to block the Straits. The asset opened trading with a bullish price gap of 9.77% and rose to a high of $105.65. Analysts advise that forward guidance is not necessarily reliable, as the price is driven day by day by ongoing developments.

If the Iranians return to the negotiating table, the price is likely to fall back closer to $97. However, if the conflict escalates again, the price can rise to above $110.

Euro – Hungary Elections


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HFM - EURUSD 30-Minute Chart

The latest developments coming out of the Euro are from its far eastern flank, Hungary. Hungary’s election saw 79% of its population vote for a new Prime Minister and party after 16 years of the same party rule. The new Prime Minister, Peter Magyar, is sceptical of Europe but is a supporter of the EU. Generally, Europe view him as an easier partner than Viktor Orban, who sided more with Russia and the US.

The move may seem positive for the Euro; however, the outlook continues to remain the same. Currently, due to the dollar's strength, the Euro is likely to remain shaky. Currently, the Euro Index is trading 0.36% lower due to the decline against the Dollar. Of the nine main currencies, the Euro is currently the fifth-best-performing.

Furthermore, March inflation data from Germany showed that the consumer price index rose by 0.2% to 1.1% month-on-month, while annual inflation increased from 1.9% to 2.7%. The harmonised index also accelerated, rising from 0.4% to 1.2% monthly and from 2.0% to 2.8% annually, mainly due to higher energy prices linked to the Middle East conflict. Even so, the European Central Bank expects inflation expectations to remain contained, reducing the need for further monetary tightening.

Key Takeaway Points:

1. The US Dollar rebounded as traders focused on steady rate expectations and a positive real bond yield.
2. Markets show renewed safe-haven demand after the US withdrew from negotiations.
3. Rising geopolitical tensions pushed crude oil back above $100, with failed talks and a possible blockade driving fresh supply fears.
4. Lower-than-expected US inflation weakened the Dollar only briefly, as restrictive Fed policy continues to support the currency.
5. The Euro faces mixed pressure, with stronger German inflation offset by Dollar strength and limited expectations for further ECB tightening.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.

Michalis Efthymiou
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.