Global markets are navigating geopolitical tensions in the Gulf with surprising calm, while major currencies are trading in tight ranges ahead of US inflation data and central bank commentary.
Key Takeaways
- 1.Financial markets are largely looking through renewed US/Iran military tensions in the Gulf as risk aversion remains contained.
- 2.The US dollar is mixed while traders anticipate upcoming Fed testimony and CPI data, with recent Fed communication signaling a softer inflation outlook.
- 3.USDJPY is underperforming as market participants await potential official intervention following recent attempts by the MoF to influence currency direction.
Table of Contents
- Overview
- Markets Look Through Renewed Gulf Tensions
- USDCAD
- USDCAD short-term technicals
- EURUSD
- EURUSD short-term technicals
- GBPUSD
- GBPUSD short-term technicals
- USDJPY
- TODAY'S CALENDAR
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Authors
Shaun OsborneEric Theoret
Securities
USDCADEURUSDGBPUSDUSDJPY
Themes
Central Bank PolicyGeopolitical Risk
Regions
GlobalEuropeMiddle EastUnited StatesIranCanada