🌅 Morning Update | 24 March 2026
🌍 Markets remain highly sensitive to Middle East developments. Donald Trump signalled a possible deal with Iran and a temporary pause in strikes, but Tehran denied negotiations. The situation remains unstable, keeping volatility elevated across all major asset classes.
🛢 Oil holds near critical levels. Brent is trading close to 100 USD per barrel, maintaining a strong geopolitical premium as risks to supply and regional infrastructure persist.
📉 Equities show fragile recovery. US indices rebounded yesterday, but futures are under pressure again today amid renewed uncertainty. Risk sentiment remains unstable and highly headline-driven.
🌏 Asia under pressure. Major indices across the region are declining, with Japan and Australia leading losses. Rising energy costs are becoming a key concern, forcing governments to consider emergency measures to stabilise supply.
🥇 Precious metals retreat. Gold has slipped back below 4,400 USD per ounce, while silver is also lower. The move reflects stronger inflation concerns and expectations that interest rates may stay elevated for longer.
💶 FX market steady but cautious. EUR/USD remains elevated near 1.16, though the dollar is attempting to stabilise as markets reassess inflation risks and Fed policy expectations.
🏛 Central bank tone shifting. Fed officials are increasingly cautious, noting that rising energy prices could complicate the inflation outlook and potentially delay any policy easing.
📊 Focus today: flash PMI data from Europe, the UK and the US, alongside geopolitical headlines, which continue to dominate market direction.
🚀 Stay alert - volatility creates opportunity. Trade with NordFX!
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