The declines on Wall Street are clearly accelerating. The Nasdaq is already down more than 2%, and S&P 500 futures are hitting new session lows. Sentiment is being dragged down by several factors at once: Microsoft announced a hiring freeze in its cloud computing and sales divisions, raising questions about the health of the entire tech sector and, above all, the AI hype. Meanwhile, geopolitics is making itself felt again—as reported by Reuters, following the death of Ali Khamenei on February 28, Iran’s conservative political wing, centered mainly around the the Islamic Revolutionary Guard Corps (IRGC), is increasingly vocal in its demands for the development of nuclear weapons. Reuters reports that while Tehran has not yet formally decided to change its nuclear doctrine, the Revolutionary Guard—now the dominant force in the country—is increasingly challenging the existing policy. Markets are interpreting this as a new, threatening layer of uncertainty.
Market prices on the major markets are listed below:
Source: xStation
Chart of the Day: USDJPY at a Crossroads. Will the Government Step In?
Morning Wrap: Trump Announces a “Pause”. Another 10-Day Ultimatum!
Daily Summary: Wall Street on the edge; SILVER drops 5% 🚨
Iran has allowed 10 oil tankers to pass through the Strait of Hormuz — an explanation of the enigmatic “gift” to Trump⚓
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
