🌅 MORNING UPDATE | April 9, 2026 📍 NordFX Market Briefing
🌍 MACRO DRIVER A 2-week US–Iran ceasefire is the week's dominant theme. Trump paused strikes on Iranian targets, contingent on reopening the Strait of Hormuz — through which ~20% of global oil flows. Ceasefire terms remain contested, keeping volatility high. Today's big data dump hits at 8:30 AM ET: Core PCE, GDP Q4, Personal Income & Spending, Jobless Claims. Friday brings March CPI.
📈 ASIAN MARKETS (Wed. close — ceasefire-fueled rally) 🇯🇵 Nikkei 225 +5.4% → 56,308 (3rd-largest point gain ever) 🇰🇷 KOSPI +6.9% → 5,872 🇭🇰 Hang Seng +3.1% → 25,893 🇨🇳 Shanghai Comp. +2.7% → 3,995 🇦🇺 ASX 200 +2.6% → 8,952
💵 US DOLLAR (DXY) Hovering ~99, near a one-month low. Fell over 1% Wednesday on ceasefire news, erasing year-to-date gains. Fed held rates at 4.25–4.50%; April cut probability: 0%.
💶 EUR/USD ~1.1670–1.1700 ⬆️ 💷 GBP/USD firmly above 1.3400 ⬆️ 🇯🇵 USD/JPY ~158–160, broadly sideways
🥇 GOLD (XAU/USD) Trading ~$4,700–4,810 today. Supported by central bank demand & geopolitical uncertainty. JPMorgan & Goldman Sachs project $4,000–$6,300 range for 2026. ATH: $5,602 (Jan 28, 2026).
🛢️ WTI CRUDE OIL Crashed ~16% to ~$95/bbl Wednesday on ceasefire news — biggest single-day drop since April 2020. Remains elevated vs. pre-war levels (~$67 in late February). Overnight futures edged back up as ceasefire terms were disputed.
₿ BITCOIN ~$68,000–69,000, down ~1% on the day. Briefly spiked above $70,300 mid-week on a short squeeze ($145M liquidated). Key resistance: $72,000.
📌 Watch today: PCE & GDP (8:30 ET) · March CPI Friday · Hormuz transit news
⚠️ Not investment advice. Trading involves risk. 🔗 NordFX — Trade Smarter
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