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Volatile markets have seen risk on markets turn back to risk off based on persistent US inflation and geopolitical uncertainty. The US military has been running a thin shipping corridor through the Strait of Hormuz over the past few weeks moving over 10M barrels of oil a day.
Read more →Markets early this week are still “risk off” as President Trump stated he wasn’t interested in extending the truce with Iran. Oil prices have traded higher with uncertain sentiment.
Read more →The Australian Dollar (AUD) swept downside liquidity at 0.6095 (1.6405) late last week against the Euro (EUR) to steadily improve into the weekly close. The AUD has extended moves Monday to 0.6115 (1.6350) on improved risk and a hawkish RBA tone.
Read more →The strongest main board currency last week was the New Zealand Dollar (NZD) while the worst performing currency was the Japanese Yen (JPY) after giving back a chunk of its early week rally.
Read more →US equity indices strengthened 1-2% to start the month of August. Talks between Iran and Trump are still ongoing with Trump saying, “the conflict is working out very well, this is the last chance” (again).
Read more →US equity indices rise to new highs, leading the ways was the Nasdaq up over 3.5% overnight. The strongest main board currency over July has been the British Pound (GBP) while the worst performing currency is the US Dollar (USD).
Read more →A ceasefire in the US/Iran conflict is now in play again after the US halted strikes. We have been here before but with the Iran strategy to “play for time” to extract as many concessions from the US, it could drag on for some time.
Read more →Markets have been dominated by the Middle East war, which escalates and extends. There is talk of behind-the-scenes negotiations, but the fierce exchange in missiles and bombs, remains a daily occurrence.
Read more →Middle East conflict continues to drive market sentiment. Focus remains on oil prices, energy supply, and inflation. Markets have remained relatively calm despite renewed fighting.Further escalation could spark significant market volatility.
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