{"id":429064,"date":"2026-03-30T18:40:06","date_gmt":"2026-03-30T11:40:06","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/investinglive-european-session-wrap-oil-holds-higher-but-markets-steady-after-weekend\/"},"modified":"2026-03-30T18:40:06","modified_gmt":"2026-03-30T11:40:06","slug":"investinglive-european-session-wrap-oil-holds-higher-but-markets-steady-after-weekend","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-session-wrap-oil-holds-higher-but-markets-steady-after-weekend-429064\/","title":{"rendered":"investingLive European session wrap: Oil holds higher but markets steady after weekend"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/irans-fm-spokesperson-us-proposals-have-mostly-been-unrealistic-and-excessive-20260330\/\">Iran&#8217;s FM spokesperson: US proposals have mostly been &#8216;unrealistic and excessive&#8217;<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/usdjpy-falls-below-the-key-16000-handle-amid-intensifying-verbal-intervention-20260330\/\">USDJPY falls below the key 160.00 handle amid intensifying verbal intervention<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/Orders\/month-end-flows-point-to-dollar-buying-into-the-fix-bofa-20260330\/\">Month-end flows point to dollar buying into the fix &#8211; BofA<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/Orders\/dollar-buying-looks-to-be-the-flavour-this-month-end-20260330\/\">Dollar buying looks to be the flavour this month-end<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/boj-reaffirms-that-underlying-inflation-is-rising-moderately-towards-2-level-20260330\/\">BOJ reaffirms that underlying inflation is rising moderately towards 2% level<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/bavaria-march-cpi-28-vs-19-yy-prior-20260330\/\">Bavaria March CPI +2.8% vs +1.9% y\/y prior<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/euro-area-economic-sentiment-eases-in-march-as-middle-east-conflict-stokes-inflation-fears-20260330\/\">Euro area economic sentiment eases in March as Middle East conflict stokes inflation fears<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li class=\"text-align-justify\">WTI crude oil trades near three-week high at $101.67<\/li>\n<li class=\"text-align-justify\">S&amp;P 500 futures up 0.5%, European indices more mixed<\/li>\n<li class=\"text-align-justify\">10-year Treasury yields down 5 bps to 4.39%<\/li>\n<li class=\"text-align-justify\">USD mostly higher, only USD\/JPY down 0.5% to 159.55 amid Tokyo verbal intervention<\/li>\n<li class=\"text-align-justify\">Gold up 0.8% to $4,530, Silver up 2% to $70.99<\/li>\n<\/ul>\n<p class=\"text-align-justify\">It was a quieter session in general as we continue to wait on further developments on the war in the Middle East.<\/p>\n<p class=\"text-align-justify\">US president Trump set a date for 6 April in getting a deal done while not striking at key Iranian energy facilities. But with today gone, that is one more day closer to the deadline. And still, it doesn&#8217;t seem like we are anywhere near with Iran reaffirming that the proposal by the US is something they can&#8217;t ascribe to.<\/p>\n<p class=\"text-align-justify\">Meanwhile, ground forces are beginning to move and that is something that could result in further escalation in the conflict. So, there is that.<\/p>\n<p class=\"text-align-justify\">Oil prices are keeping higher with WTI crude even hitting a three-week high of $103 earlier in the day before coming off slightly. Still, we are seeing prices hold up at around $101.67 currently. And with no change to the Strait of Hormuz situation, there is no change to the outlook that things will get more crippling for the oil market day by day.<\/p>\n<p class=\"text-align-justify\">Despite oil trading back above three figures, the risk mood remains calmer somewhat &#8211; at least for now. US futures are sitting higher while European indices are at least not bleeding out any further. That comes as 10-year Treasury yields also cool slightly with it being down 5 bps to 4.39%. As such, S&amp;P 500 futures are up 0.5% but let&#8217;s see what Wall Street has to say later.<\/p>\n<p class=\"text-align-justify\">In FX, the dollar is mostly a little higher on the day with EUR\/USD nudging down below 1.1500 and AUD\/USD down 0.2% to 0.6855 currently. The only exception is USD\/JPY, which is down 0.5% to 159.50 levels after some verbal intervention by Tokyo after the pair hit above 160.00 earlier in the day.<\/p>\n<p class=\"text-align-justify\">As we get into the new week, just be reminded that it is month-end and quarter-end as we look to wrap up March trading. That might be a factor in making things a bit more messy in terms of price action dynamics in the sessions ahead. So, just be wary of that.<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: Iran&#8217;s FM spokesperson: US proposals have mostly been &#8216;unrealistic and excessive&#8217; USDJPY falls below the key 160.00 handle amid intensifying verbal intervention Month-end flows point to dollar buying into the fix&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-429064","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=429064"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429064\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=429064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=429064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=429064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}