Middle East

Going into the weekend, some market participants will be wondering whether more Middle East drama will unfold over the next couple of days, and if so, what might that mean for their open positions.

The first insight into how the oil industry is doing will come from oil services firm Schlumberger on Friday.

Keep an eye on the gap from early May between 110.90/111.00!

Crude oil and gold both fell further and stocks rallied after the US President made no mention of military action against Iran and called for peace.

After spiking again on the back of the Iran’s retaliatory attacks on air bases housing US forces in Iraq, gold and oil prices have now turned to their levels from the day before.

DAX bears claws are getting ready to strike, watch 12900.

Middle East tensions escalated. And they could come mightily close to taking the lift.

Dax has started Tuesday on firmer footing as sentiment improved surrounding the US – Iran flare up

Emerging stock markets (EEM) may start to undergo a multi-month corrective decline below 46.10 resistance.

Make sure to keep an eye on the VIX to see if this type of price action continues.

Stock market logic and precedent point to shrugging off Middle East risk, for a spell

As expected, tensions in the Middle East have ratcheted up over the weekend following the US assassination of a top Iranian general Friday.

Lockheed Martin and L3Harris Technologies may see further upside within their respective bullish technical configurations.

That USD/JPY has held support despite a flurry of negative news over the weekend could be a sign of strength over the near-term. Yet with price action suggesting it topped out late December, the pair could break to new lows after a corrective bounce.

Most analysts seem to lean towards Iraq becoming the proxy battlefield for a conflict between Iran and the US...

When we see asset correlations break down, we need to ask ourselves why!