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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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Dow Faces Oil Shock Reality Check – Monday, 4 May
Where we are: Dow futures are currently trading around 38,750, modestly lower after an overnight range of roughly 150 points. This level is below Friday’s New York close and suggests a cautious start to the week. Key support lies around 38,600, while initial resistance is seen near 38,850. What’s driving it: The dominant factor weighing…
