Currently 0.7525 on session highs
Offers nearby though after finding support below/around 0.7500
Offers: 0.7535 0.7550 0.7585 0.7600 0.7620 0.7635 0.7650
Bids: 0.7500 0.7485 0.7450 0.7430 0.7400
Offers nearby though after finding support below/around 0.7500
Offers: 0.7535 0.7550 0.7585 0.7600 0.7620 0.7635 0.7650
Bids: 0.7500 0.7485 0.7450 0.7430 0.7400
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Oil stocks like MGY, EQT, HP drop 3% on de-escalation news. HP's 15.8% YTD gain faces profit-taking.
Trump reiterated that US objectives in Iran are largely met but offered no new detail on Hormuz or next steps. Markets turned mildly risk-off, with the dollar firmer, equities softer and oil higher as geopolitical uncertainty persists.
TD SYNNEX hits new highs, up 19.1% YTD. AI stocks trade high, but one AI app firm is cheap.
Gas prices hit $4/gallon, impacting drivers & potentially Iran war's effect on oil.
Oil prices drop 2% on de-escalation news. Energy stocks like CRC, XPRO, RES, HPK, NBR fall. NBR down 7.8%, still up 43.3% YTD.
Oil stocks like CRK and PTEN drop 6% on de-escalation news. AESI's 6.7% fall shows volatility, but it's still up 24% YTD.
Trump spoke without adding new info, still a 2-3 timeline, no ground war announced. Market movement over the previous 2 days were hinged on an announcement of him pulling out. Not yet though.
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