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Trump Threatens War With Iran, Lifts Oil

Trump turns up the aggression with Iran, oil likes it But quite unlikely that this is a sustainable rebound Euro suffers after terrifying PMIs, awaits EU leaders meeting Stocks recover, yet safe havens thrive too Oil prices recover as Trump rattles sabers with Iran All the troubles in the oil...

Crude Oil Rises As Geopolitical Tensions Between The US And Iran Rise

The price of crude oil rose in overnight trading as investors became optimistic about the market. Most investors believe that low oil prices will cause bankruptcies in the oil market, which will be a natural solution for demand. The price also rose because of geopolitical reasons. In a tweet,...

Sunset Market Commentary

Markets The ECB decided on a comprehensive package of monetary policy measures to counter the impact on economic activity from the COVID-19 virus. First, they decided to conduct additional long-term financing operations (LTRO’s) to provide immediate liquidity support. Second funding conditions of targeted long-term financing operations (TLTRO’s) will become more...

South Korea, Italy and Iran remain most serious coronavirus center outside China

Global coronavirus cases surged to 93158 at the time of writing, with 3202 deaths. 119 new cases were reported in China with 38 new deaths, totaling 80270 cases and 2981 deaths. South Korea (5328 cases, 32 deaths), Italy (2502 cases with 79 deaths) and Iran (2336 cases, 77 deaths)...

Global coronavirus cases surge, China’s slowing, Yuan rebounds

Global spread of China's Wuhan coronavirus continued to intensify over the weekend. Total number of cases outside China reached 9051 with 141 deaths. Situation in South Korea remains the worse, with 4212 cases and 22 deaths. Italy reported 1701 cases with 41 deaths. Iran's cases also jumped to 978...

Global coronavirus spread intensifies as WHO called for swift and aggressive actions

While new Wuhan coronavirus cases appeared to have slowed to the lowest pace since January, global spread is intensifying. In China, there were 327 new confirmed cases of the coronavirus on Thursday, as reported by the National Health Commission, bringing the total to 78824. Death toll rose 44 to...

Markets in Digestion Mode, Awaiting Next Coronavirus Development

Global financial markets turned mixed today, digesting yesterday's steep selloff. Investors are holding their bets again, awaiting next development regarding global outbreak of China's Wuhan coronavirus. There is no sign of a sustainable recovery European stocks, but US futures point to higher open. In the currency markets, Sterling is...

WHO: China coronavirus literally knocking at the door

WHO spokesperson Christian Lindmeier warned in a press conference in Geneva that China's Wuhan coronavirus is "literally knocking at the door" of countries. He added that many countries have so-called "pandemic plans" ready. But for how, WHO is not planning to make "big announcement" of any kind. Death toll in...

Risk Aversion Deepens as China Coronavirus Spreads Quickly to other Countries

Risk aversion deepens in global financial markets today as China's Wuhan coronavirus is clearly spreading to other countries. Gold surges to seven-year high on safe haven flow while Asian stocks are generally pressured. The currency markets are relatively quiet though as major pairs and crosses settle back into Friday's...

Coronavirus cases surged in South Korea, Italy and Iran

Global markets start the week in risk aversion as global outbreak of China's Wuhan coronavirus intensified over the weekend. South Korea is suffering most with a total of 763 confirmed cases and 7 deaths. The country is put on high alert in response to the community outbreak. Total cases...

Sunset Market Commentary

Markets Trading on European markets was mostly order-driven and technical in nature. There were no important data in EMU and markets also didn’t get guidance from the US. US markets were closed in observance of Martin Luther King Day. German yields show changes of less than one bp across the...

Sunset Market Commentary

Markets The low volatility risk-on context persisted this morning. China Q4 GDP growth and December data suggested that activity was bottoming as trade tensions eased, supporting a benign global investor sentiment. At the same time, recent global price and activity data weren’t strong enough for the likes of the Fed...

Weekly Economic and Financial Commentary: A (Mostly) Happy New Year

U.S. Review Well, That De-Escalated Quickly The week began amid rising tensions carrying over from the U.S. killing of Iranian General Qasem Soleimani last Friday. Iran responded with non-lethal airstrikes on U.S. facilities, but President Trump has said the U.S. has no plans to escalate further, and the Iranians appear...

Week Ahead: Will There Be More Middle East Drama?

After a turbulent start to 2020 with a sharp escalation in US-Iran tensions, things calmed down from the middle of the week. Oil prices, which had spiked sharply higher, fell even more sharply as investors remembered increasing non-OPEC oil output - and not to forget the willingness from other...

Weekly Focus – Finally, the Phase One Deal Will be Signed. Next Up, Phase Two

Geopolitical risks came to the forefront in markets in the beginning of the week after US-Iran tensions intensified . Despite calming down, the geopolitical tensions are set to remind us of a new world order. Financial markets were affected by the attacks but the initial market reaction was reversed...

Investors Breath a Sigh of Relief

Europe is off to a bright start, building on yesterday's sentiment swing on the back of the de-escalation in the middle east, and US stocks look set to do the same. The conflict between the US and Iran appears to have ended as quickly and unexpectedly as it began. I'm...

Safe Havens Retreat As Iran-US Tensions Ease…

Safe havens such as gold, JPY and the CHF retreated yesterday as tensions between the US and Iran seemed to eased along with market worries. It was characteristic that both sides seem to want to avoid further escalation of the situation as well as a possible direct conflict. According...

Oil Crashes, Stocks Roar Higher As Geopolitical Nerves Calm

Yen and gold slump, equities jump as US-Iran tensions take a back seat Dollar outperforms amid fading Fed rate-cut expectations – lots of Fed speakers today In Canada, BoC Governor Poloz delivers remarks and might strike a dovish tone Oil collapses alongside safe havens as worries of US-Iran war...

Risk Sentiment Revived With Ease

Anddddd we're back US and Iran have both struck a conciliatory tone in the early hours of Asia, keeping price action settled after markets were sent into a tailspin following a retaliatory missile attack to the killing of General Qassem Soleimani. This comes as little surprise to traders with increased...

Back To Fundamentals After US-Iran Tensions Appearto Ease

Safe havens give back gains on reduced geopolitical tensions. Oil erases risk premium, falling 9% from its Wednesday high. Friday's US jobs report will be under trader spotlights. In less than 24 hours, investors have performed an about-turnfrom their initial defensive positioning to risk taking and markets rallying. On...

Currencies: EUR/USD Extends Correction, Whatever The Risk Context

Rates: US-Iran tensions ease. Q4 rate upleg to resume. Core bond yields seem to resume their Q4 upleg with the US-Iran hiccup out of the way. Investors might be reluctant to place big directional bets today though given the thin eco calendar and with tomorrow’s payrolls looming. Will the...

Risk Rallies On Easing Iran-US Tensions

Market movers today It is a quiet day on the economic data front ahead of the US non-farm report tomorrow, which leaves the geopolitical crisis between Iran and the US in the spotlight. Given yesterday's communication from both sides investors are likely to extend bets that the conflict can be...

Dollar Rises as Iran Risks Fade, Yen and Franc Soften

Yen and Swiss Franc weakened notably as imminent US-Iran war receded. Canadian Dollar also turned slightly softer as oil prices reversed this week's gains. Dollar is currently trying to ride on the development to extend recent rebound. But the real will probably lie in tomorrow's non-farm payroll report. For...

S&P 500 hit record high as risk of imminent US-Iran war receded

S&P 500 and NASDAQ jumped to new record highs overnight as risk of imminent US-Iran war receded after President Donald Trump indicated he's not expectation further retaliations for now. He said in Washington that "no Americans were harmed in last night's attack by the Iranian regime... All of our...

Sunset Market Commentary

Markets This morning, the developments in the US-Iran conflict still set the tone for trading on global markets. Asian markets reacted with an outright risk-off positioning as Iran retaliated the killing of General Soleimani with a strike on Iraq airbases where US troops are based. However, at the same...

Crude Oil Falls Sharply after Iran Attack Spike

After spiking again on the back of the Iran’s retaliatory attacks on air bases housing US forces in Iraq, gold and oil prices have now turned to their levels from the day before, while stock index futures have also more than made up their overnight losses. Investors are waiting...

Iran May be Done Attacking for Now, All Eyes on Trump, Oil & Gold Pare All Gains, Bitcoin is Back

Iran’s retaliation did not take long. Last night, Iran launched a dozen ballistic missiles at two Iraqi military bases that housed US troops. Initially, the oil rose 3%, the Japanese yen surged to a three-month high, US stocks plummeted 1.5%, and gold surged above the $1,600 an ounce level...

Dollar Rebounds on Lesser Iran Risks and Strong Job Data

Dollar rebounds strongly as risk of imminent escalation in US-Iran tensions seem to have eased. It's reported there was no casualties caused by Iran's retaliation strikes against US forces in Iraq. The greenback is additionally supported by strong ADP employment report. Dollar follows New Zealand Dollar as second strongest....

Are Investors Reacting Enough to Events in Middle East?

It's been a strange start to trading on Wednesday, with the Iranian retaliation against US bases in Iraq not triggering any significant flight to safety. Of course, the knee-jerk reaction to the attacks was more substantial for obvious reasons. The lack of detail leaves people fearing the worst and once...

Iranian Retaliations Strengthen Safe Havens…

Gold, JPY spiked against the USD during today’s Asian session, as Iran attacked US forces in Iraq, in retaliation for the assassination of Soleimani. The strike included firing of more than a dozen ballistic missiles from its territory against at least two US facilities in Iraq, according to media....