The base case remains a de-escalation and that's what the market has been leaning onto with oil prices still trading around last Friday's levels and risk sentiment recovering from the lows. Nonetheless, from a risk management perspective, traders might prefer to hold it out into the weekend and see how things evolve.
Today we still have a key meeting in Geneva where the Iranian Foreign Minister will meet European counterparts to find a diplomatic solution. Strong signals of de-escalation could still give risk assets a boost. The meeting is scheduled to start around 13:45 GMT/09:45 ET.
This article was written by Giuseppe Dellamotta at www.forexlive.com.Hence then, the article about weekend gap risk will likely keep markets rangebound was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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