Sellers ahead of the figure, close to where we are, then 1.0610/20, 1.0650. Stops above 50
- Buyers 1.0570, 1.0550, 1.0500/20
Currently 1.0587
Currently 1.0587
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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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