IMF: Iran Conflict to Leave Inflation Scar on US Until 2027

The news could increase geopolitical risks, putting upward pressure on energy prices. CVX shares have gained 4.6% in the last 24 hours, and while the RSI at 68.8 approaches overbought territory, the MACD remains positive above the signal line. Short-term upward momentum may continue, but the elevated RSI level raises the risk of a correction. Therefore, while the trend is upward, a cautious optimism is warranted.

The DXY is trading above its 20- and 50-day moving averages, with the RSI at 61, maintaining an upward trend. The MACD line is above the signal line and in positive territory, indicating strong short-term momentum. The news headline could boost safe-haven demand for the US dollar amid rising geopolitical risks. However, inflation concerns may weigh on the dollar in the long term, so the upside is likely limited.

The news amplifies geopolitical risks, stoking oil supply concerns and potentially driving Brent prices higher. Technical indicators also support the uptrend: the RSI at 67.8 is approaching overbought territory but momentum remains strong, the MACD is above its signal line, and the price is trading above both the 20-day and 50-day moving averages. The 7% increase over the past 24 hours may have partially priced in the news. In the short term, the upward trend could continue, but the pace of gains may be limited due to the RSI nearing overbought levels and the possibility that the news is already priced in.

The news headline suggests that geopolitical risks may increase, creating inflationary pressures. This could drive investors toward safe-haven assets. GLD's RSI is at 47.9, in neutral territory, while the MACD is below the signal line but positive. In the short term, geopolitical uncertainty may support gold prices, but upside could be limited due to weak momentum.