10.07.2025
Brent crude prices are rising by 2.3% to $70.90
per barrel this week, recovering after an early-week dip. On Monday, prices
fell by 1.3% to $68.04 following an unexpected decision from OPEC+, which
announced a substantial increase in oil production by 548,000 barrels per day
starting in August. This follows a previous gradual ramp-up of 411,000 bpd that
began in May. The August increase is the largest so far and nearly completes
the reversal of OPEC+’s prior 2.2 million bpd output cuts, leaving only 419,000
bpd to be restored by September.
08.07.2025
The U.S. Dollar Index (DXY) rose by a modest
0.10% to 97.26 points this week, while the EURUSD declined 0.20% to 1.17500,
signaling that the Euro is beginning to retreat from its recent highs. Much of
the previous upward momentum in the EURUSD was driven by Federal Reserve Chair
Jerome Powell’s dovish tone at the ECB conference in Portugal in June, where he
outlined multiple possibilities for the July FOMC meeting, including the
potential for a rate cut. At the same time, the U.S. Senate passed Donald
Trump’s new tax bill, which increased the national debt ceiling by $3.4
trillion.
03.07.2025
Gold prices climbed 2.4% to $3,352 per troy
ounce this week, largely recovering from last week’s decline. A similar pattern
played out earlier when gold surged to $3,450 on reports of U.S. airstrikes
against Iranian nuclear facilities, only to retreat by 2.0% to $3,360. The
yellow metal appears to be running flat, failing to break above resistance at
$3,430–$3,450 even at the peak of geopolitical tensions, and bouncing off
support at $3,230–$3,250 after strong U.S. Personal Consumption Expenditures
(PCE) inflation data.
01.07.2025
The U.S. Dollar Index (DXY) has declined by
0.82% to 96.60 points, while the EURUSD has climbed by 0.81% to 1.18110. The
Dollar came under sustained pressure throughout the week as a wave of negative
developments hit the market. By Tuesday, the Middle East conflict had been
largely dismissed after Iran and Israel agreed to a ceasefire. The EURUSD
initially jumped to 1.15770. Not
long after, Federal Reserve Chair Jerome Powell contributed to the Dollar’s troubles during his testimony to Congress.
26.06.2025
Brent crude prices plunged 11.9% this week to
$68.10 per barrel — a dramatic reversal that erased the entire geopolitical
risk premium built up over recent weeks. Just on Monday, that premium was
estimated as high as $13.70 per barrel. In hindsight, the events of the weekend
marked a seismic shift for energy markets.
Last Wednesday, it became evident that Israel
alone would not succeed in disabling Iran’s nuclear infrastructure. On Thursday evening, the U.S. government signalled
that a decision on further action would be taken by President Donald Trump within
two weeks.
24.06.2025
The U.S. Dollar Index (DXY) dropped by 1.2% to
97.98 points this week, while the EURUSD rose by 0.77% to 1.16120 as currency
markets responded to rapid shifts in Middle East tensions. Initially, the Euro
rebounded from support at 1.14500 to 1.15500 after U.S. President Donald Trump
announced a two-week pause before deciding on further action against Iran.
However, when Trump later ordered strikes on Iranian nuclear sites and Iran
responded with retaliatory attacks, the EURUSD fell back toward 1.14500. A
confirmed break below that level could have triggered a deeper decline toward
1.
19.06.2025
Gold prices declined by 2.0% this week,
retreating to around $3,370 per troy ounce. The pullback is largely a
correction from last Friday’s sharp spike driven by escalating tensions in the
Middle East. Talks between the U.S. and Iran over a potential nuclear agreement
stalled on June 11, prompting gold to break above the key resistance zone at
$3,330–3,350. U.S. President Donald Trump’s cryptic warning that “something
would happen” preceded Israel’s airstrikes on Iranian military and nuclear
sites early Friday. In response, gold surged to $3,446, the highest since April
22.
17.06.2025
The U.S. Dollar Index (DXY) remains pinned
near 98.18 points, while the EURUSD is trading slightly higher by 0.05% at
1.15550 this week. The pair has already surpassed all key technical upside
targets, having broken above the primary resistance at 1.15500 immediately
after the release of weaker-than-expected U.S. consumer inflation data for May
on June 11. The pressure on the Greenback continued the next day when producer
price index (PPI) data for May showed a mixed picture: headline PPI rose in
line with expectations to 2.6% year-over-year from 2.
10.06.2025
The U.S. Dollar Index (DXY) remains subdued
near 99.17 points, with the EURUSD trading slightly higher by 0.10% at 1.14050.
The pair initially advanced last week on the back of weak U.S. macroeconomic
data, including disappointing manufacturing PMI and a sharp drop in ADP Nonfarm
Payrolls to just 37,000 for May—the lowest figure since January 2022. This
weakness helped propel the EURUSD toward its primary upside target zone of
1.14500–1.15500, reaching as high as 1.14940.
05.06.2025
Brent crude prices rose by 3.5% to $65.40 per
barrel, largely returning to the average level seen over the past two months.
Despite a series of political and economic developments, no single event has
had a decisive impact on the oil market. On May 28, Brent climbed 0.8% to
$64.85 following the U.S. Court of International Trade’s decision to overturn
proposed tariff hikes. However, after the U.S. Appeals Court reinstated those
tariffs, prices slid by 1.5% to $63.89.