EUROPEAN SESSION
It’s kind of a synthetic Sunday today as we don’t have anything on the calendar. Markets will likely continue to consolidate amid all the US-Iran noise.
The latest developments saw both Trump and Iran rejecting the respective war-ending proposals and therefore taking us back to square one where we have the Strait of Hormuz closed and the unlimited ceasefire.
AMERICAN SESSION
In the American session, we have just the US existing home sales data which is not going to change anything for the Fed, so the market reaction will likely be muted. It’s going to be another day of following the US-Iran headlines.
This article was written by Giuseppe Dellamotta at investinglive.com.
