 (1)-25620261315.jpg)
Today Fundamental Analysis: Oil prices fall as Saudi energy exports start to recover
Oil prices fell earlier today thanks to the recovery of Saudi crude shipments following weekend attacks by Iran-backed Houthis. Brent declined 1.7% to $102.12, while WTI fell nerly 2% to $98.28 Despite the pullback, supply risks remain elevated as uncertainty over the US-Iran conflict continues.
In the US market, stock futures started the trading week higher, with S&P 500 and Nasdaq-100 futures gaining 0.5% and 0.7%, respectively. Markets remain cautious, however, as renewed Middle East tensions keep oil near $100 and the 10-year Treasury yield close to 5%, reinforcing inflation concerns following last week’s Fed rate hike.
Investors are also watching the upcoming Trump–Xi summit, with tariffs, critical minerals and AI among the key issues. Any progress on US-China trade relations could support risk sentiment, while continued Middle East tensions remain a major risk because higher energy prices could keep both the Fed and China under pressure.
Gold slipped toward $4,365 on Monday as a stronger US dollar, elevated Treasury yields and increasingly hawkish Fed rhetoric weighed on the non-yielding metal. The Fed’s recent 25-bps rate hike to 3.75%–4%, combined with markets pricing a 56.5% probability of another hike in October, is keeping pressure on gold.
The Japanese yen weakened at the start of the week, with USDJPY rising above 157, despite the BoJ keeping the door open to further rate hikes and warning that yen depreciation could add to inflation. Markets are now focused on how much further the BoJ can tighten without hurting economic growth.
Meanwhile, the US dollar remained broadly flat as investors awaited further comments from Fed officials following last week’s 25-bps rate hike to 3.75%–4%.
Politics is dragging European currencies down
Central-Bank Divergence Reshapes Global FX as Risk Appetite Improves | 22nd September, 2026
Nasdaq Soars to Record Despite Hawkish Fed; Gold Reverses
Week Ahead: Fed Rate Path Puts USD, Gold and Equities in Focus
The euro is finding its footing
What Could the End of September Bring for GOLD, JPY and U.S. Indices?
Weekly Analysis: Wall Street Falls as the Federal Reserve Hikes Rates for the First Time since 2023. The US Dollar Index is Back Above 100
