↳ Why This Matters
Geopolitical tensions between the US and Iran are impacting financial markets. Iran's decision to halt communication with the US has led to a rise in the US Dollar and oil prices, while also causing gold prices to fall. This shift in sentiment is occurring alongside a slight downturn in major US stock indices.
Key facts
- Iran announced it will stop exchanging messages with the US.
- Renewed fighting threatens the US-Iran ceasefire.
- Oil prices are approaching $93.76.
- Gold prices have fallen below key moving averages.
- Major US stock indices are trading lower.
- 10-year Treasury yield is above 4.50%.
Geopolitical tensions between the US and Iran are impacting financial markets. Iran's decision to halt communication with the US has led to a rise in the US Dollar and oil prices, while also causing gold prices to fall. This shift in sentiment is occurring alongside a slight downturn in major US stock indices.
What Happens Next
01Oil price movement relative to the 200-hour MA at $93.76 will be closely watched.
02Further developments in US-Iran relations will influence market sentiment.
03The technical bias for gold will be monitored based on its ability to stay below key moving averages.