No Relief Even With a Ceasefire | A “Paranoid Market” Driven by Oil
No Relief Even With a Ceasefire | A “Paranoid Market” Driven by Oil ■ Today’s Summary Following a two-week ceasefire between the U.S. and Iran, markets briefly shifted to risk-on mode. Crude Oil: Sharp decline Equities: Rising globally FX: USD weakness → “Safe-haven dollar buying” is being unwound However: Israel continues its strikes Iran has […]
💱 Focus on U.S. PCE Price Index — Inflation Outlook in the Spotlight
💱 Focus on U.S. PCE Price Index — Inflation Outlook in the Spotlight Today marks the final trading day of August. The FX market remains directionless as conflicting factors weigh on sentiment. Dollar-negative factor: President Trump’s attempt to dismiss Fed Governor Cook revived doubts over the Fed’s independence, pressuring the dollar lower. Dollar-positive factor: U.S. […]