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Snapshot: Brent crude has plunged below $78 per barrel, hitting its lowest levels since early March as geopolitical risk premiums completely evaporate. This physical capitulation is driven by an interim US-Iran agreement reopening the Strait of Hormuz, which is cleared to bring millions of barrels of halted Gulf output back online.…
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Where we are: The US Dollar Index (DXY) is trading firmly around the 100.60 mark as the European cash session progresses, holding near its highest levels since May 2025. This extension of yesterday’s FOMC-led breakout comes after a brief Asian-session pullback, with the index well supported above the key 100.20 structural…
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Where we are: S&P 500 futures are staging a solid 0.7% recovery this morning, clawing back yesterday’s late-session losses as the European session hand-over turns decisively green. Yesterday’s hawkish FOMC projections triggered a sharp late-day reversal, causing the cash index to plunge over 500 points from its fresh intraday all-time high…
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Snapshot: EUR/GBP is under renewed pressure, testing the 0.8410 level, after the Bank of England held its Bank Rate steady at 3.75% at 12:00 London. This decision underscores the MPC’s caution following the May uptick in core CPI to 2.6%, frustrating sterling bears who expected a dovish tilt after the recent…
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Where we are: Gold has recovered to trade at $4,308/oz in early London hours, reclaiming the pivotal $4,300 handle after shedding nearly 2% in yesterday’s post-FOMC shakeout. The overnight session saw bullion carve out a range of $4,285 to $4,312, finding solid demand ahead of yesterday’s low and establishing a base.…
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Where we are: Dow Jones futures are staging an aggressive 300-point recovery this morning, trading back up to test the 40,150 region as the index claws back more than half of yesterday’s steep 500-point post-FOMC sell-off. The overnight range has been remarkably resilient, establishing a firm base at 39,800 before pushing…
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Where we are: EUR/USD is battling to establish a foothold just below the 1.1500 handle, currently trading around 1.1485 as the London session progresses. This consolidation follows a slide to late-March lows driven by broad dollar strength, but the pair has carved out a tight intraday range of 1.1470 to 1.1510…
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Where we are: USD/CAD is hovering near seven-month highs around the 1.4100 mark as the London session transitions to the New York open. The pair remains firmly bid, consolidating its overnight range between 1.4080 and 1.4120. Technically, the spot rate is pressing hard against major overhead resistance, leaving the Loonie highly…
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Where we are: Bitcoin is trading soft around the $65,800 level this morning, extending its overnight slide despite a broader decompression in geopolitical risk following the Iran peace deal. This heavy price action keeps the pair pinned well below the key $67,500 pivot and vulnerable to yesterday’s low near $65,200. The…
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Where we are: The FTSE 100 is down over 1.0% on the session, trading heavily as European cash equity sellers dominate the morning tape. The index has broken below key near-term support at 8,200, drifting toward the 8,150 level after erasing all of yesterday’s late-session NY bid. The intraday range has…
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Snapshot: The Aussie is holding firm above 0.7000 despite a clear domestic calendar today, anchored by the RBA’s persistent hawkishness and reluctance to cut the cash rate from 4.10%. While Governor Bullock maintains a tight stance on uneven inflation, the currency finds additional support from a softer USD Broad Index at…
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Snapshot: WTI crude has tumbled below $75.00 per barrel, hitting its lowest level since early March as supply anxieties evaporate following a surprise US-Iran interim agreement to reopen the Strait of Hormuz. While yesterday’s FOMC projections and economic policy updates maintain a cautious backdrop, the physical market is transfixed by the…
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Where we are: Nasdaq futures (NQ) are ripping higher, up 2.0% to trade at 19,950 as we head toward the NY open, completely reversing yesterday’s post-FOMC wobbles. The overnight range has been entirely one-way traffic, slicing through the 19,800 level and putting the psychological 20,000 barrier within striking distance. We are…
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Snapshot: The Nikkei 225 surged 1.65% to a record close of 71,053, powered by massive relief as Japan’s energy-import anxieties vanished following an interim deal to reopen the Strait of Hormuz. This major domestic catalyst triggered aggressive buying across Japanese financials, with Sumitomo Mitsui up 4.3%, enabling local equities to easily…
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Snapshot: The DAX 40 has cleared the 25,000 milestone for the first time since early June, extending its winning streak to a sixth session. The rally is fundamentally underpinned by domestic wage data showing stable Eurozone negotiated wage pressures for 2026, reinforcing German HICP at its 2% target. A structural boost…
