FXStreet: Oil: Prices supported by supply risks and Iran tensions – Danske Bank
Iran tension raises oil supply risk → MCL up, USD up
MCL ▲ bullish 75%DXY ▲ bullish 70%
// forex
DXY US Dollar Index
102.3 +0.06%
Recent news bias: ▲ bullish from the last 5 call(s)
Canadian Dollar weakens despite higher oil prices
CAD weak → DXY up, EUR/USD down
DXY ▲ bullish 70%EUR/USD ▼ bearish 65%
WTI Price Forecast: Bulls seem hesitant below $89.50 amid Middle East risks
Middle East risk → oil supply concerns → MCL up; risk → safe‑haven demand → gold & USD up
MCL ▲ bullish 65%MGC ▲ bullish 60%DXY ▲ bullish 60%
Gold moves away from two-month low; not out of the woods yet amid hawkish Fed, bullish USD
Hawkish Fed → yields ↑ → USD ↑ (DXY bullish, EUR/USD bearish); gold rises despite yields
DXY ▲ bullish 68%EUR/USD ▼ bearish 68%MGC ▲ bullish 62%
Oil gains as Middle East hostilities, potential escalation stoke supply worries
Escalation → oil supply risk → MCL up; safe‑haven demand → gold & USD up
MCL ▲ bullish 58%MGC ▲ bullish 58%DXY ▲ bullish 58%
Trump says he is not keen on a deal with Iran as U.S. prepares for 'massive bombing'
Escalation risk → oil supply threat & safe‑haven demand
MCL ▲ bullish 58%MGC ▲ bullish 58%DXY ▲ bullish 58%
Tanker hit by multiple projectiles off north coast of Qatar
Tanker attack → Gulf oil shipping risk → oil up, gold up, USD up
MCL ▲ bullish 70%MGC ▲ bullish 70%DXY ▲ bullish 65%
Euro recovers to near 1.1200 on softer US Dollar, eyes on France debt concerns
Soft USD lifts EUR/USD; France debt worries dampen euro
EUR/USD ◆ neutral 55%DXY ▼ bearish 58%
Oil gains as Middle East hostilities stoke supply worries
Middle East hostilities → oil supply risk → MCL up
MCL ▲ bullish 75%MGC ▲ bullish 70%DXY ▲ bullish 70%MES ▼ bearish 68%
British Pound slips due to stable US Dollar, rising oil prices
Stable dollar strengthens DXY; headline links pound slip to dollar strength
DXY ▲ bullish 70%
Fed hike on the horizon
Fed hike → yields ↑ → USD ↑, risk assets ↓
MNQ ▼ bearish 70%MES ▼ bearish 68%DXY ▲ bullish 72%EUR/USD ▼ bearish 70%BTC-PERP ▼ bearish 65%
WTI posts modest gains above $88.50 on unexpected EIA draw, Middle East conflicts in focus
EIA draw lowers supply & Middle East tension → oil up, safe‑haven demand lifts USD
MCL ▲ bullish 70%DXY ▲ bullish 65%
US stocks slide as oil prices fluctuate over renewed Iran war fears
Iran war fears raise oil risk → MCL up; risk‑aversion drops equities & crypto → MNQ/BTC down; USD safe‑haven ↑ → DXY up, EUR/USD down
MCL ▲ bullish 78%MNQ ▼ bearish 74%BTC ▼ bearish 70%DXY ▲ bullish 76%EUR/USD ▼ bearish 72%
Pentagon orders readiness for potential Iran strikes
Iran strike risk → oil up, gold up, USD up
MCL ▲ bullish 58%MGC ▲ bullish 55%DXY ▲ bullish 57%
Australian Dollar slips as Fed hike bets meet Middle East Oil risk
Fed hike bets boost USD; Middle East tension lifts oil → DXY & MCL up
DXY ▲ bullish 68%MCL ▲ bullish 72%
Get DXY alerts on your phone
Get it free →
Free forever plan · no card · no trial timer
23 early-user spots left
- Starter features free while we're in beta (normally $5/mo)
- 3 more months of Starter free after launch
- Then $3/mo for life instead of $5, only if you want it
Never want to pay? You keep the free plan forever. Nothing is charged unless you pick a plan, and no card is asked for.