Good Morning ,
Today's overview of economic news and market action:
- Trading conditions were very volatile across markets yesterday …
- The main catalyst remained the conflict in the Middle East …
- Initially, there was a strong risk off mood on markets …
- Remarks from President Trump signalling de-escalation, led to a sharp relief rally before the US open …
- As a result, commodity prices fell sharply, while equity markets and bonds recovered markedly …
- Currency-wise, the dollar was initially on the front-foot but faded as risk sentiment improved …
- EUR/USD opens this morning in the top half of $1.15-1.16 …
- GBP/USD is at the $1.34 mark …
- EUR/GBP is in the bottom half of the 86-87p range …
- Today, the focus will remain on the Middle East conflict …
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