The USD is mixed to start the new trading day with the NZD
vs the USD as the biggest mover at the greenback -0.42% on the day. Meanwhile
the USD is higher by 0.24% vs the JPY as buyers in the USDJPY return after the
decline on Friday. The USD is lower vs the EUR (-0.13%) and higher vs the GBP
(+0.10%) as the markets deal with the shifting winds of war, and it’s
implications. IN the video above, I take a look at the 3 major currency pairs
to kickstart the North American session for the day and the trading week. The
key events this week? US CPI at 8:30 AM tomorrow and Fed Chair Warsh’s
testimony on Capitol Hill on Tueday and Wednesday starting at 10 AM ET.
Tensions between the United States and Iran escalated sharply over the weekend
as the fragile ceasefire effectively collapsed and both sides returned to
direct military action. Iran launched missile and drone attacks against U.S.
military facilities across the region, while the U.S. responded with strikes on
Iranian air-defense systems, radar sites, and naval assets. The Strait of
Hormuz remains the central concern for markets, with commercial shipping
activity falling as insurers and operators reassess the risks and Iran signals
a greater willingness to challenge passage through the key energy corridor.
Diplomatic efforts by regional mediators continue, but progress appears
limited. For markets, the main focus is whether the conflict broadens further
and whether oil flows through Hormuz face a more sustained disruption.
US stock futures are implying a lower open with the
- Dow
-46 points - S&P
-34 points - Nasdaq
-319 points.
In the US debt market, yields are higehr:
- 2 year
yield up 1.8 basis points at 4.227% - 5 year
up 1.7 basis points at 4.327% - 10
year yield up 1.4 basis points at 4.583% - 30
year yield up 1.2 basis points at 5.083%
In other markets:
- Bitcoin is down -2.04% at $62847
- Crude oil is up $2.58 for 3.35% at $74
- Gold is down $64 or -1.57% at $4055
- Silver is down $1.39 or -2.30% at $58.45
This article was written by fl932d6e52a19643278e0f123bca7198f5 at investinglive.com.