Middle East Conflict Intensifies
Over the weekend, Iran launched ballistic missiles into Israel. Israel retaliated with airstrikes on Iran and Lebanon. Houthi forces also fired missiles toward Israel. The fragile ceasefire is on the verge of collapse. Iran's Revolutionary Guard warned it is ready for large‑scale operations on all fronts.
Oil Surges on Supply Fears
WTI crude jumped over 3% to $93.48 per barrel, while Brent hit $96.15. The Strait of Hormuz remains a critical chokepoint. Any further escalation could push oil toward $100.
Gold Breaks 3‑Month Low
Spot gold plunged to $4,310 – $4,345 per ounce. Pressure came from a strong US dollar (DXY above 100) and expectations that the Fed will keep rates higher for longer after Friday's strong NFP report (172k jobs added).
DXY Stands Firm Above 100
The US Dollar Index climbed to 100.07 – 100.70. Strong labour market data reinforced the Fed's hawkish stance. Markets now price in a high probability of a rate hike later this year.
Stock Markets Tumble
Nasdaq suffered its worst drop since April 2025, falling over 4%. Nikkei 225 fell ~3.5%, and KOSPI plunged, triggering circuit breakers. Tech stocks are under pressure from higher rate expectations.
Trading Takeaways
Oil: Bullish above $93. Support at $90, resistance at $96‑$100.Gold: Bearish below $4,400. Support at $4,300 – $4,310.Dollar: Strong but could see profit‑taking. Watch Fed speakers.
Over the weekend, Iran launched ballistic missiles into Israel. Israel retaliated with airstrikes on Iran and Lebanon. Houthi forces also fired missiles toward Israel. The fragile ceasefire is on the verge of collapse. Iran's Revolutionary Guard warned it is ready for large‑scale operations on all fronts.
Oil Surges on Supply Fears
WTI crude jumped over 3% to $93.48 per barrel, while Brent hit $96.15. The Strait of Hormuz remains a critical chokepoint. Any further escalation could push oil toward $100.
Gold Breaks 3‑Month Low
Spot gold plunged to $4,310 – $4,345 per ounce. Pressure came from a strong US dollar (DXY above 100) and expectations that the Fed will keep rates higher for longer after Friday's strong NFP report (172k jobs added).
DXY Stands Firm Above 100
The US Dollar Index climbed to 100.07 – 100.70. Strong labour market data reinforced the Fed's hawkish stance. Markets now price in a high probability of a rate hike later this year.
Stock Markets Tumble
Nasdaq suffered its worst drop since April 2025, falling over 4%. Nikkei 225 fell ~3.5%, and KOSPI plunged, triggering circuit breakers. Tech stocks are under pressure from higher rate expectations.
Trading Takeaways
Oil: Bullish above $93. Support at $90, resistance at $96‑$100.Gold: Bearish below $4,400. Support at $4,300 – $4,310.Dollar: Strong but could see profit‑taking. Watch Fed speakers.
