Monthly Archives: March 2026
US EIA reports crude oil inventories rose 3.824 million, exceeding forecasts of 1.1 million in early March
Written on March 11, 2026 at 9:51 pm, by davin
US EIA data on March 6 showed crude oil stocks rose 3.824M, exceeding the 1.1M forecast.
After rejection near 24,300, Nifty triggered an Elliott Wave breakdown, falling around 400 points as forecasted
Written on March 11, 2026 at 9:51 pm, by davin
Nifty dropped 400 points after failing at 24,300; video revisits Elliott Wave plan predicting reversal toward 23,900.
Rabobank says WTI eases from $120 peak, yet stays supported by cut Gulf output, constrained rerouting capacity
Written on March 11, 2026 at 9:50 pm, by davin
WTI pulled back from $120; Hormuz closure strands supply, easing later as rerouting, SPR releases, flows return.
Trump told Axios the US-Iran war should end soon, as Iran has few remaining targets
Written on March 11, 2026 at 7:55 pm, by davin
Trump told Axios Iran war will end soon, claiming little left to target, ending whenever he wants.
ABN AMRO economists say Iran-driven oil and gas price rises would weaken Eurozone growth more than US growth
Written on March 11, 2026 at 7:54 pm, by davin
ABN AMRO warns Iran-driven energy price spikes may hit Eurozone growth harder, raising inflation and ECB rates.
OPEC maintains 2026-2027 global oil demand growth forecasts unchanged, while WTI continues struggling to find direction
Written on March 11, 2026 at 7:53 pm, by davin
OPEC kept 2026-27 oil demand growth forecasts unchanged as OPEC+ output rose; Japan, Germany plan reserve releases.
Since Iran conflict escalation, EUR/GBP dropped 1.5%, driven by stronger GBP rate expectations and resilient equities
Written on March 11, 2026 at 7:53 pm, by davin
EUR/GBP fell 1.5% on stronger GBP, hawkish UK rates, resilient equities; lower oil may lift pair.
Scotiabank strategists say USD/CAD remains range-bound, as tighter rate spreads and higher oil underpin CAD strength
Written on March 11, 2026 at 7:52 pm, by davin
Canadian dollar steadied as oil rose, rate spreads narrowed; USD/CAD consolidates near 1.35 with bearish signals.
Following US CPI matching forecasts, the dollar strengthens, pushing EUR/USD down near 1.1587 for a second session
Written on March 11, 2026 at 7:51 pm, by davin
Euro weakens to 1.1587 as steady US inflation boosts dollar; Fed seen holding rates; oil risks.
MUFG’s Derek Halpenny said oil’s 50% spike barely boosted the dollar, leaving EUR/USD just 1.7% lower
Written on March 11, 2026 at 7:51 pm, by davin
Dollar rose less than models predicted after oil spike; crude retraced, ECB signals readiness to counter energy shock.
