- Oil prices whipsaw as Middle East tensions rattle markets
- Brent crude spiked 5%, then tumbled over 8.5% after Trump “thanked” Iran for a weak strike
- Tesla surged 8% after its robotaxi launch in Austin
- USD swings lower, stocks rise as risk sentiment improves
FX Highlights:
USD: Choppy - safe haven bid fades as oil crashes, DXY back below trendline
EUR: Bounced after PMI dip; eyes on heavy ECB speaker lineup this week
GBP: Held firm on upbeat PMIs; sits near key support at 1.3399
JPY: Volatile - initial sell-off despite risk-off, retraced gains later
AUD: Underperformed; dropped to 0.6372 before mild recovery
CAD: 5-day slide despite oil swings; now near 50-day SMA
S&P 500 +0.96%, Nasdaq +1.06%, led by Tesla; energy sector lags
Gold flat; markets reassess Fed cut timing amid energy-led inflation risk
Day Ahead: Canada CPI + Powell’s testimony to Congress
Read more here
What’s your take ? are markets downplaying the risks of geopolitical escalation?
Drop your thoughts below now!
- Brent crude spiked 5%, then tumbled over 8.5% after Trump “thanked” Iran for a weak strike
- Tesla surged 8% after its robotaxi launch in Austin
- USD swings lower, stocks rise as risk sentiment improves
FX Highlights:
USD: Choppy - safe haven bid fades as oil crashes, DXY back below trendline
EUR: Bounced after PMI dip; eyes on heavy ECB speaker lineup this week
GBP: Held firm on upbeat PMIs; sits near key support at 1.3399
JPY: Volatile - initial sell-off despite risk-off, retraced gains later
AUD: Underperformed; dropped to 0.6372 before mild recovery
CAD: 5-day slide despite oil swings; now near 50-day SMA
S&P 500 +0.96%, Nasdaq +1.06%, led by Tesla; energy sector lags
Gold flat; markets reassess Fed cut timing amid energy-led inflation risk
Day Ahead: Canada CPI + Powell’s testimony to Congress
Read more here
What’s your take ? are markets downplaying the risks of geopolitical escalation?
Drop your thoughts below now!
