Crude Price Surge: A Global Market Challenge

Brent crude oil prices surged above US$ 100 per barrel for the first time in years, signaling significant geopolitical concerns and supply worries. President Donald Trump acknowledged that oil prices may take longer to fall after midterms elections, adding uncertainty to global markets. This development negatively impacts financial markets, particularly U.S. stock indexes, which closed lower for a third consecutive day. Additionally, the sale of 10-year Treasury notes at an interest rate of 4.834% further highlights market concerns about economic stability and geopolitical tensions. The upcoming North American session will focus on technical analysis of key currency pairs such as EUR/USD, USD/JPY, and GBP/USD in this volatile environment.