There has been some Fedspeak today and the US told Israel it wants a ceasefire but I haven’t seen anything in markets that would justify the latest moves.
The S&P 500 is quickly losing altitude.
At the same time, oil has gotten some strong bids and Brent edged above $90 for the first time, up 55-cents on the day and more than $1 from the lows just a short time ago.
The bond market remains quiet but there is some USD buying creeping into FX, though the moves are small so far.
This article was written by Adam Button at www.forexlive.com.
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