Middle East

Bitcoin, Gold Analysis: Ceasefire agreements are transitioning from speculation to reality ahead of the holiday season and Trump’s upcoming term. Gold’s rally has stalled below the $2,700 mark as haven demand wanes, while Bitcoin has retreated slightly below the psychological $100,000 level.

Crude Oil, GBPJPY Forecast: The lingering effects of Trump-era policies continue to shape broader market trends. Expectations of war resolutions are pressuring oil prices into a neutral stance, while tariff policies are fueling volatility across the US dollar rally.

How could a potential Israel-Lebanon ceasefire impact oil prices and what are the key levels to watch?

EURUSD, Gold Analysis: In the FX markets, the dollar's pullback from the 107 mark continues to support positive rebounds across currencies. Meanwhile, in the precious metals market, geopolitical tensions and the dollar's cooling momentum have enabled gold to recover from steep post-election drops.

Crude Oil Week Ahead: Crude oil prices face mounting pressures between clean energy transitions, geopolitical risks, and surplus concerns for 2025. Prices are now testing a critical 4-year support zone, challenging the continuation of the broader downtrend.

As the US elections draw near, the potential impacts of a Trump or Harris administration on the UAE are being closely examined. Changes in US policies could bring significant effects across various sectors in the UAE, though the country's economic resilience is expected to remain robust.

Crude Oil Forecast: The December 2021 support level remains a key factor amid shifting data on US inventories, Middle East conflicts and ceasefire hopes, economic indicators, and supply quotas. Will it hold through 2024?

Crude Oil Week Ahead: Crude oil prices gained 4% last week, closing near $71.70 as escalating strikes in the Middle East fueled uncertainty around a potential ceasefire or further retaliatory actions. With strong upside risk, oil prices are expected to navigate a busy week packed with key events related to employment and economic growth indicators.

With risk appetite waning somewhat, the GBP/USD forecast is facing increased uncertainty following three consecutive months of gains. After maintaining stability in recent trading sessions, the cable has seen a slight pullback at the start of the new quarter, partly due to hawkish comments from Federal Reserve Chair Jerome Powell and reduced risk appetite

Crude Oil Analysis: Amid growing haven demand for precious metals, geopolitical tensions have brought supply disruptions to the forefront, sharply lifting oil prices from their yearly lows.

Tensions surrounding the Middle East has unsettled markets. US indices such as the S&P 500 are on track for their worst week of the year, crude oil reached a fresh YTD high and the risk-off sentiment was even enough to knock gold from its record. Traders therefore need to be on guard for headline risks surrounding the Middle East next week, alongside the usual bouts of economic data and central bank meetings.