President Trump has officially called off the planned offensives, signalling a pivot toward a more strategic, diplomatic approach.
The S&P 500 erased most of its daily losses, retesting the 7,400 level only a few hours after breaking it to the downside.
WTI (US) oil prices exploded to new highs (close to $110, CFD prices) this morning but are now back below the 15M 50-period MA on strong selling momentum.
Metals are somewhat bouncing higher again from the better market narratives, with copper and silver leading the way to the upside.
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By Elior Manier
Markets were aggressively pricing in a violent restart of hostilities between the United States and Iran following this morning's firm rejection of the latest Iranian diplomatic proposal.
However, the geopolitical landscape just experienced
