Trump: Iran must make a deal before there is nothing leftIran pulls out of nuclear talks planned for SundayIran's legitimate and powerful response will make Israel regret its foolish actWhy it's hard to see Iran starting a full-fledged war against IsraelIsrael is prepared for the possibility of a full-fledged war with Iran - TASSIraq affirms that gas supply flows from Iran were not affected by Israel strikes overnightIran confirms key military casualties, says Israel has crossed all red linesJapan expects a trade deal with the US to spare it from higher auto tariffs - BBGJapan prime minister Ishiba is reportedly to hold phone call with US president Trump todayEurozone April industrial production -2.4% vs -1.7% m/m expectedEurozone April trade balance €9.9 billion vs €36.8 billion priorGermany May wholesale price index -0.3% vs -0.1% m/m priorGermany May final CPI +2.1% vs +2.1% y/y prelimSpain May final CPI +2.0% vs +1.9% y/y prelimFrance May final CPI +0.7% vs +0.7% y/y prelimChina May M2 money supply +7.9% vs +8.1% y/y expected
Markets:
USD leads, NZD lags on the dayEuropean equities lower; S&P 500 futures down 1.0%US 10-year yields flat at 4.360%Gold up 1.1% to $3,419.80WTI crude up 5.9% to $72.91Bitcoin down 1.0% to $104,898In markets, it's all about risk-off sentiment dominating the theme. As tensions escalate, oil is staying more bid but off earlier highs on the day. WTI crude is still up nearly 6% just under $73. Meanwhile, gold is bid by about 1% as it holds a push above $3,400 to its highest levels since early May.
The aussie and kiwi are the two laggards amid the more defensive risk mood with AUD/USD down 0.8% to 0.6480 and NZD/USD down 1.0% to 0.6010 currently.
Let's see what the next chapter of the battle will bring before the weekend.
This article was written by Justin Low at www.forexlive.com. Read More Details
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