Is This Oil Rally The Start Of Something Much Bigger?
Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.
Two-Thirds of Middle East Experts Want Biden to Return to Iran Deal Without Conditions: Poll
President Joe Biden should return to the 2015 Iran nuclear deal as it exists before opening up negotiations on any other issues with that nation, according to a new survey of experts on the Middle East.
US dollar drops as worries of US national debt soar
The US dollar weakened across the board as investors reacted to the rising US national debt. In a statement during the weekend, the Congressional Budget Office (CBO).
Herat governor thanks Iran bringing fire disaster under control
Governor-General of Herat Province of Afghanistan Waheed Qatali expressed gratitude to Iran for sending engines and firefighters to bring the fire at Islam Qala customs office near the border with Iran.
Gold Price Analysis: XAU/USD rebounds $20 to $1830 as DXY drops sharply
A reversal of the US dollar across the board triggered a rally in XAU/USD. Gold jumped $20 from the low, hitting a fresh daily high at $1830.
Brent Oil: A rally to $70 is technically possible
This week, Brent Oil prices broke through the technical resistance level of $60/barrel within the upward trend channel. As a result, the multiyear downward trend was broken
Gold Price Analysis: target a run to weekly support at $1,765
Gold is testing the bear's commitments at the resistance structure. Weekly support could be their target if bulls capitulate at this juncture.
U.S. may weigh baby steps to revive Iran nuclear deal
The United States is weighing a wide array of ideas on how to revive the Iranian nuclear deal, including an option where both sides would take small steps.
Economic Data, EUR in the Spotlight
It’s a relatively quiet day ahead on the economic calendar. Economic data from the Eurozone and U.S stimulus talk will be in focus.
Brent approaches $60 per barrel as supply cuts, stimulus hopes lift prices
Brent crude for April touched a high of $59.95 a barrel and was at $59.85 by 0041 GMT, up 51 cents, or 0.9%. Front-month prices last hit $60 on Feb. 20, 2020.