Market Analysis by covering: US Dollar Index Futures, Crude Oil WTI Futures, Natural Gas Futures, United States 2-Year. Read 's Market Analysis on Investing.com
Iran conflict latest: Hegseth says Iran conflict has "only just begun"is lower today despite the continuing conflict in Iran. After insurance carriers pulled coverage of ships trying to move through the Strait of Hormuz, Trump offered government coverage and military escort through the Strait.
Oil remains elevated at $74/bbl, but fears were that it could spiral much higher. Reports of higher crude oil and distillate inventories in the US, along with higher refining rates, also helped. Economic data also calmed growth concerns. Today, the ADP nonfarm employment data came in above forecast with 63K job growth in February, although the January number was revised from 22K to 11K. ISM data reflect stronger non-manufacturing activity and orders. Car and truck sales grew, and home mortgage activity improved. These trends help reassure investors that the economy is still growing. Interest rates continue to climb higher. The US 2-year is up 3bps, as is the 10-year. Both are higher for the week but lower for the month. The US dollar Index is lower on the day, but higher for the week and month.is up another 1%, now up over 30% in a month. The big winner on the day is crypto, with Bitcoin up 8.2% to $73.4K. As the day moves on, stocks continue to rise. It’s yet another example of how geopolitical risks often present short-term buying opportunities. This could change if the Iran conflict heats up, but for now,has dropped nearly 4 points to 20.6, and the downtrend has been broken, and we are in a guarded uptrend.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
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