FxAnalysis

A primer on how markets will open on Monday, and why geopolitical risk may not be easily absorbed by financial markets this time around.

The impact of full-scale war involving Iran will be the dominant theme as market open following the surprisingly early opening of hostilities by Israel and the USA, with the semi-closure of Hormuz and increased OPEC production key factors.

EUR/USD holds near recent lows after firm US PPI data and renewed Iran-Israel tensions. Markets weigh Fed policy outlook, Eurozone inflation signals, and key technical levels.

WTI crude advances after US and Israeli strikes on Iran, with attention shifting to supply risks around the Strait of Hormuz as the weekly technical structure improves.

Weekly outlook covering USD pairs, Bitcoin, DAX and Nasdaq with major support, resistance levels and breakout trade setups.

The US Dollar’s (USD) upward momentum from the previous week seems to have encountered a tough nut to crack in the 98.00 region, as measured by the US Dollar Index (DXY).