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NY Session Tactical Brief – Monday, 4 May
Regime: Risk-off, with escalating Middle East tensions driving haven demand and weighing on equities; VIX at 16.89. Today’s market themes: Geopolitical risk: Oil spike and risk-off sentiment due to heightened tensions in the Strait of Hormuz. USD strength: Continued consolidation after recent gains, influenced by yield differentials and risk aversion. ECB policy divergence: ECB hints…
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Dollar Consolidates Gains as Fed Patience Remains Key – Monday, 4 May
Where we are: The DXY is trading around 118.75, consolidating overnight gains, following a period of sideways movement. This is slightly above Friday’s close. Key levels to watch are 119.00 as resistance and 118.50 as immediate support. The market appears to be waiting for fresh catalysts before committing to a direction. What’s driving it: The…
