Commodities are being pulled in two directions. Crude oil extended losses below $70 as Hormuz traffic resumes and global supply fears ease,
European markets opened with cautious sentiment as persistent dollar strength continued to pressure currencies, commodities, and risk assets. EUR/USD remained near multi-month lows despite rising expectations of further ECB tightening, while sterling weakened after disappointing UK PMI data signaled slowing economic momentum. Equity performance stayed mixed, with the DAX finding support from strong corporate developments even as broader markets remained defensive. Brent crude eased as supply concerns softened, while gold and silver struggled under higher-for-longer interest rate expectations. In crypto markets, Ethereum tested key technical levels as investors balanced macro uncertainty with weakening risk appetite ahead of the US session.
Read the full analysis on: European Session Technical Analysis β ECB Hike Bets Firm












