Our Urgent Market Update Video reviews important real-time market developments and their impact on high-probability trading opportunities. Today, we discuss what the Middle East conflict means for the markets.
As you have probably seen overnight, Israel has launched a series of air strikes against Iranian military targets. This move represents a significant escalation of tensions in the region. Iran seems to hold both Israel and the US accountable and is threatening retaliatory measures. This is one of the problems that markets need to try and price in. That is the uncertainty about what this means for peace in the region.
From a market perspective, two of the most significant market moves have been seen in Oil and Gold prices, with Oil seeing nearly a $7 move and Gold moving $65 both to the upside. In addition, we have seen US Indices sell off and the USD strengthen. All of these moves lean heavily towards risk-off market conditions. The question is, how long will this last? We think potentially for a while yet, with both sides of the conflict claiming further retaliations are in store.
What does this mean for us as traders? We are looking for further risk-off market conditions to continue meaning we are looking for both Oil and Gold markets to continue moving higher over the medium term with potential further weakness seen in the Global Indices markets and potentially, but not that clear, USD strength which would be a reversal of our recent USD weakness bias. Either way, this weekend is likely to prove important in terms of how this conflict plays out.
What Does the Middle East Conflict Mean for Markets? – Full Video Analysis
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