Syam KP Gulf Brokers

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A financial investment professional with 10 years of professional Forex, Gold, Oil and stocks trading experience - licensed by Chartered Institute for Securities & Investment (CISI) - UK.

Monday morning market update:Commodities remain highly volatile as the Middle East conflict enters its 10th day.Crude oi...
09/03/2026

Monday morning market update:

Commodities remain highly volatile as the Middle East conflict enters its 10th day.
Crude oil futures spiked almost 30% in Asian trade. However, oil prices surrendered a major part of their Asian session gains.
Global equities trade deep in the red.
The gold price continues to swing between gains and losses.
The dollar remained in demand as the Middle East war boosted safe-haven demand.
The euro and British pound are correcting the early losses.
The Japanese yen extended its decline against the US dollar.
Bitcoin remains trapped within a range on the daily charts.

The Middle East unrest sparked a huge price increase in crude oil.Amid an escalating war in the Middle East that has now...
06/03/2026

The Middle East unrest sparked a huge price increase in crude oil.

Amid an escalating war in the Middle East that has now entered its seventh day as of Friday, US WTI crude futures climbed to $86 per barrel, while Brent crude, the global oil price benchmark, exceeded $89.

The biggest weekly increase in oil prices will be keenly monitored by central banks since rising energy prices threaten to drive up inflation and slow down the economy.

EURUSD is correcting losses.The currency pair slightly rebounded on Wednesday after falling to a fresh 4-month low of 1....
04/03/2026

EURUSD is correcting losses.

The currency pair slightly rebounded on Wednesday after falling to a fresh 4-month low of 1.1535 on Tuesday. As of this writing, the currency pair trades near 1.1623. Technically, the overall momentum remains mixed despite the pair showing positive gains in the European session.

Going by the technicals, the overall momentum remains bearish despite the rebound; any gains are merely rallies that could bring up better areas to short the euro again. For the strong upward move, the currency pair needs to settle above the 1.1720/30 critical zone.

Crude oil futures rebounded from early losses as the West Asia conflict entered its fifth day. On Tuesday, oil prices pu...
04/03/2026

Crude oil futures rebounded from early losses as the West Asia conflict entered its fifth day. On Tuesday, oil prices pulled back after reaching a fresh multi-month high. The retreat followed comments from U.S. President Trump, who stated that the U.S. Navy might es**rt oil tankers through the Strait of Hormuz if necessary. He also indicated that oil prices are expected to decline once Iran-related actions conclude.

Earlier on Tuesday, oil prices had extended their bullish momentum after reports emerged that Iran had closed the Strait of Hormuz, a critical passage for 33% of global seaborne oil.

Investors choose the safe-haven dollar in response to geopolitical tensionsThe dollar index—which measures the U.S. doll...
03/03/2026

Investors choose the safe-haven dollar in response to geopolitical tensions

The dollar index—which measures the U.S. dollar's strength against a basket of six influential currencies, such as the euro—keeps advancing on Tuesday, now trading around 99.30. Moving ahead, the king dollar is likely to remain supported over the prevailing risk-off sentiment in markets, as the dollar is considered an attractive investment during times of geopolitical uncertainty.

Technically, in the short term, the dollar should extend its rally towards the 99.50/55 zone; this area might act as an immediate hurdle ahead of the 100 round-figure mark. A successful breakout above 99.55, which would confirm a continuation of the current uptrend, could move towards the major 100 resistance level. On the downside, any meaningful pullback now seems to find key support near the 98.70/60 zone.

What do you think will drive the markets this week?As we step into the first trading week of this month, brace for wild ...
02/03/2026

What do you think will drive the markets this week?

As we step into the first trading week of this month, brace for wild swings in financial markets this week, with investors closely watching the mounting fears of the Middle East conflict.

Apart from this, we have a lot of economic data coming out this week; the most important event of the week is the US NFP data. Before the jobs report on Friday, investors will be served side dishes in the form of the US retail sales, US ADP, US ISM PMI, and Eurozone CPI.

Gold has shown an impressive price movement in the past 8 hours. The positive price action continues as the precious met...
02/03/2026

Gold has shown an impressive price movement in the past 8 hours. The positive price action continues as the precious metal opened with a massive gap up.

Looking at XAUUSD from a very short-term perspective, the current daily RSI near 65 suggests we’re still in somewhat bullish territory without breaking into overheat mode. Therefore, in the short term, if the bullish momentum continues, the bulls are eyeing the $5,400 and $5,460/80 marks as the next upside targets. On the flip side, the first immediate support can be found at $5,300 and then at $5,260/40.

Monday morning market update: Tensions in the Middle East are rattling global markets.Global equities and major US indic...
02/03/2026

Monday morning market update: Tensions in the Middle East are rattling global markets.

Global equities and major US indices are feeling the pressure.
Precious metals remain steady due to ongoing geopolitical tensions. However, the momentum on the upside is not too strong.
The Euro, Pound, and Aussie all recovered from the early losses
The Japanese yen is currently pointing to roughly flat.
Bitcoin continues the sideways movement.
Oil prices slip slightly after strong gains.

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