Stocks rallied on Monday after Trump stated that the U.S. and Iran had held « productive » talks. However, Tehran denied any negotiations that took place.
Despite this, rump has announced the U.S. will halt strikes in Iran for five days. Israel has announced it will continue its strikes though.
Crude prices dropped following Trump’s comments, with WTI futures falling over 11%. Gold trimmed some early losses but is still down 2%, as non-yielding assets remain unconvinced by the de-escalation talks. More volatility in precious metals may follow as the safe-haven appeal fluctuates with conflicting war reports.
The current volatility in prices has brokers battling volatility in their spreads. BlackBull has remained consistently tight over all events with pricing from 0.0 on USDJPY, USDCHF, GBPUSD, AUDUSD and our favorite NZDUSD. BlackBull also remains rock solid with spreads on US30, NAS100, US500 as well as all other major index markets.
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