According to reports in The New York Times, Saudi Arabia and the United Arab Emirates have carried out covert strikes on Iranian territory in retaliation for attacks targeting both monarchies during the ongoing conflict in the Middle East. This is the first time in history that both countries have directly attacked Iran — signalling a clear shift in the regional balance of power. Meanwhile, President Trump announced that Chinese leader Xi Jinping had declared his willingness to help keep the Strait of Hormuz open and assured that Beijing would not supply military equipment to Tehran.
The dollar is strengthening on the back of this, whilst stock market indices are extending their gains, driven by hopes of de-escalation and the reopening of a key oil route responsible for around 20% of global oil supplies.
Market volatility was evident at the close of trading in Europe. The dollar and stock indices are continuing their upward trend. Source: xStation
Chart of the Day: Is the Yen Ready for Another Round?
Morning Wrap: Trump and Xi shape markets. AI drives record highs while Iran and geopolitics dampen sentiment
Daily Summary: Market euphoria shows no signs of letting up 🚀
BREAKING: Natural gas (NATGAS) prices are rising following the release of EIA data from the U.S.
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.
