No US military action - Oil prices dip, equities ticking up, risk FX tics higher too

  • Market moves are small, but less risk aversion is a theme as there are no signs of US forces hitting Iran yet

S&P 500 eminis, ES, and Nasdaq, NQ have recouped their small losses after Globex reopened for evening trade and are up just a touch.

Moves are small only.

Same across major FX with a generally lower USD. Small moves higher for :

  • AUD, EUR, NZD, GBP

Oil, of course, is a focus. Its backed off its recent high just a little:

oil brent iran israel 18 June 2025 2

Speculation was intense that US forces would back up Israel and attack Iranian nuclear failites.

So far during the session that has not happened. So far.

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