There aren’t any major expiries to take note of on the day, with the full list seen below.
As things stand, trading sentiment is riding heavily on US-Iran developments. And for now, broader markets are holding on to a more optimistic take that there will be some positive headlines to come in the day(s) ahead. US president Trump continues to talk up hope in reaffirming that the war will end “very soon”. Then again, we’ve been hearing that for the past three to four weeks already.
Still, markets are running with the optimism with US equities in particular continuing to push higher.
Despite the risk on mood though, the dollar has been holding steadier since trading yesterday. And that continues to be the case today as well, with traders holding some reservations about chasing a peace deal much further.
Even if talks might show some progress, the main thing for markets remains that the Strait of Hormuz is in de facto closure.
Oil prices are still on edge as such but have come off the boil since last week at least. However, it doesn’t mean that the danger is over. The risk rally is keeping in a rather fragile state and if the status quo is prolonged, it will be tough to just rely on hope alone to get by down the road. So, keep that in mind.
For more information on how to use this data, you may refer to this post here.
