Brent Oil Nears Critical 93.22 Support as Iran Tensions Ease, Dollar Retreats
Oil prices extended their decline on Monday as President Donald Trump downplayed the prospect of renewed US military strikes against Iran. Brent crude CFD fell nearly 3% to around 95, approaching last week’s low of 93.22, while Dollar Index retreated 0.39% to 101.881, surrendering more than half of Friday’s 0.70% rally, and European equities advanced.
NZD Gets Mild Election Support, but AUD/NZD and NZD/USD Still Signal Caution
A narrow centre-right lead after Saturday's New Zealand election reduces the immediate risk of a more dovish RBNZ mandate, giving the New Zealand Dollar mild support. But the one-seat majority is fragile with special votes outstanding until November 27, and neither AUD/NZD nor NZD/USD has confirmed a technical reversal.
Gold Rebounds as Oil and Yields Fall, but 4,200 Resistance Awaits US CPI
Gold has rebounded to around 4,118 after gaining 5.02% last week, driven more by falling oil prices and lower Treasury yields than by safe-haven demand. Tuesday's US CPI report could decide whether the recovery clears the 4,160–4,200 resistance cluster or stalls inside a larger downtrend.
Four Market Trends — Stocks, Oil, Yields and Dollar — Remain Unsettled After Midterm Swings
The US midterms set off sharp swings across stocks, oil, Treasury yields and the Dollar last week, but they did not settle any of the four trends, which were already forming before the vote. With AI investment concerns, Iran-related risk and Fed expectations all pulling in different directions, each market ended the week at a technical decision point.
