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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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Pound Vulnerable Below 1.36 as Data-Dependence Bites – Monday, 4 May
Where we are: Cable is currently trading at 1.3585, having tested but failed to convincingly break above the 1.36 level overnight. The pair remains rangebound, oscillating between 1.3550 and 1.3620 since the European open, and is slightly below Friday’s New York close of 1.3610. We’re watching to see if early weakness persists, or if dip-buyers…
