Part One of this analysis published on March 12, when the war was two weeks old and the oil shock was still being absorbed as a discrete event. Three weeks in, the picture is materially different.
A finish around the 1.15103 mark going into this weekend, after the 1.16300 vicinity was seen on Wednesday demonstrates the shifting sentiment that shadows the broad Forex market.
President Trump succeeded in suppressing energy prices last week by pushing off his deadline to attach Iranian power infrastructure, while stock markets turned strongly lower, as yields and the US Dollar gained.
The price of WTI Crude Oil remains a speculative landscape, the value of the commodity finished near 98.700 going into this weekend and this coming Monday morning promises to deliver dynamic results again.
Stocks, FX, commodities, and crypto remain near critical zones as rising rates and global uncertainty drive market conditions.
The US Dollar (USD) has regained its shine this week, allowing the favourable macro picture to remain unchanged.