European Markets Wrap-Up: GBPUSD rejects a major trendline as US dollar bids return amid renewed risk aversion

Thursday, 12 Mar, 2026 Forex GBPUSD rejects a major trendline as US dollar bids return amid renewed risk aversion FUNDAMENTAL OVERVIEW USD: The US dollar weakened across the board earlier this week as oil prices fell following G7 discussion about emergency oil reserves release. The move accelerated after Trump to Commodities IEA chief confirms release of 400 million barrels in strategic in oil reserves The move is aimed to stabilise markets Once again, it's not so much about the big figure as touted in the headline. As mentioned yesterday: "As mentioned before, it could still take weeks for this oil Learn more Commodities Gold fails to sustain the breakout as prospects for a quick end to the war fade FUNDAMENTAL OVERVIEW Gold broke out of its range on Wednesday as sentiment improved after Trump said on Tuesday that "the war could be over soon." That prompted traders to scale back hawkish interest- News What are the main events for today? EUROPEAN SESSION In the European session, we don't have anything on the agenda. The focus remains on the US-Iran war and the Strait of Hormuz where ships continue to be attacked. Oil prices rose back Forex Middle East energy disruption shifts EUR/USD risks to the downside - Danske Before the US-Iran conflict, EUR/USD took a run at the 1.2000 level as upside risks looked more likely to win out as we started the year. But in the last two weeks, the script has completely flipped a Forex Orders FX option expiries for 12 March 10am New York cut There aren't any major expiries to take note of on the day, with the full list seen below. The closest one that could factor into play are the ones for EUR/USD at the 1.1500 level. That being said, th Commodities Oil prices continue to be the tail that is wagging the dog It's another day but it will be the same old story in markets as it has been since last week. Every inch of the broader market mood is fixated on the Middle East as the energy disruption continues to Commodities China has reportedly called for immediate ban on fuel exports for March The report says that the Chinese government has effectively banned refined fuel exports for the month of March "with immediate effect". That as Beijing has ordered refiners to stop such exports for th Learn more News investingLive Asia-Pacific FX news wrap: Brent surge over $100 as Iran intensified attacks Container ship hit by projectile near UAE port of Jebel Ali Australia allows higher sulphur fuel imports to protect supply security Drone strikes hit Oman energy facility, vessels evacuate Mina Al Fah

News Analysis Education Find a Broker Connect with us on your favorite social network This email was sent to << Test Email Address >> Why did I get this? Unsubscribe from this list Update subscription preferences Finance Magnates CY Limited 11 Apostolou Andrea Hyper Tower 3rd floor Mesa Geitonia, Limassol 4007, Cyprus investingLive is not an investment advisor, investingLive provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and investingLive specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided on an "as-is" basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. investingLive expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information, or with respect to any of the content presented within its website, nor its editorial choices.

This email was sent to trungtamthuchanhmt.hanghai18021960@blogger.com why did I get this?    unsubscribe from this list    update subscription preferences investingLive · 11 Apostolou Andrea, Hyper Tower 3rd floor, Mesa Geitonia · Limassol 4007 · Cyprus