Scope Markets Kenya

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[Scope Markets Kenya @ScopeMarketsKE]

Overnight news that #Israel & Lebanon agreed to a #ceasefire provided support for risk assets and precious metals🪙, sending oil🛢 only a touch lower to test the $95 short-term support.
Any break lower could result in a broader risk rally.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Thursday
A quiet day on the economic calendar sees European #stocks trading higher, supported by a modest decline in oil prices.
Markets are now turning their attention to US jobless claims data and a series of speeches from central bank officials.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Markets are bracing for another bout of heightened volatility amid escalating geopolitical tensions. Investors are also looking ahead to the release of the U.S ISM Services PMI for May, which could provide fresh insight into the health of the services sector.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Strikes on Kharg Island by the US triggered another round of escalation with #Iran, with the latest unconfirmed news about a significant strike to the Kuwait airport.
Oil is marching higher, but US equities seem undeterred for now.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Can US indices continue to rally over the month of June?

[Scope Markets Kenya @ScopeMarketsKE]

Markets breathe a sigh of relief as #Israel stopped its offensive in #Lebanon, allegedly after a heated call where Trump called Netanyahu 'crazy'.
Gold and equities have rallied on the news, with oil trading lower, but uncertainty about US/Iran are still present.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Tuesday 💬
A new trading day begins with geopolitical uncertainty. Markets are focused on today’s key releases: the EU’s May inflation data and the US #JOLTS Job Openings report, both likely to shape sentiment and expectations.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Happy Madaraka Day Kenyans

[Scope Markets Kenya @ScopeMarketsKE]

Will the US and Iran sign a peace deal before the end of June?

[Scope Markets Kenya @ScopeMarketsKE]

Bloomberg: #IranOman discuss $StraitofHormuz shipping tolls, exempting Russia/China.
$Trump: "Oman will behave... or we will have to blow them up."
Market: Stocks drift lower as USD gets bid once again.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Thursday:
All eyes are on accelerating tit for tat hits between the US and Iran, as the #ceasefire is less stable by the hour.
#UsIranNegotiations allegedly continue while both sides are firmly rejecting concessions.
The US PCE is the number to watch - expected at 13:30 GMT at 3.8% headline and 3.3% for the core number. 
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Iran foreign ministry states US violated Strait of Hormuz ceasefire, vows to defend itself.
Oil is trading off lows, with $100 spot WTI as the main potential target.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Iran's Speaker #Ghalibaf is visiting Qatar, demanding the release of sanctioned funds as condition for a deal. #Khamenei warns US bases are no longer safe.
Markets are reacting: USD is bid, and precious metals are selling off on the news.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Friday
A relatively calm trading week wraps up today, with markets focused on a limited slate of low-volatility events, including Canadian Retail Sales and the US Michigan Consumer Sentiment report for May.
Note: Trade carries risks

[Scope Markets Kenya @ScopeMarketsKE]

$NASDAQ is hovering near all-time highs as $SpaceX filed for an IPO, and $OpenAI is expected to do so as early as Friday, sentiment continues to be bullish due to Iran negotiations.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

The Australian dollar is under pressure on Tuesday, down 0.5% as jobs cuts emerge and unemployment reverses higher in Australia amid recent rate hikes.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Markets are set for a positive day following yesterday’s $Nvidia earnings beat, which helped support broader equity sentiment.
Focus today shifts to UK #PMI data and US housing figures.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Gold remains under pressure, trading near $4,500 its lowest since March 30.
A stronger #USD, driven by hawkish #Fed expectations and inflation fears, continues to weigh on the metal as skepticism grows regarding a potential #USIran peace deal.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

The European session saw the release of UK data showing that the annual #inflation rate eased to 2.8% in April.
Looking ahead, markets are focused on the upcoming #FOMC meeting minutes, along with speeches from Federal Reserve officials.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Gold retains a bearish bias through today’s session, hovering near its lowest level since March 30, as optimism over a potential #USIran deal offsets safe-haven demand despite lingering concerns over Tehran’s nuclear program and the Strait of Hormuz.
Note: Trading carries risks

[Scope Markets Kenya @ScopeMarketsKE]

Overnight data from the Asian session showed Japan’s Q1 GDP growth rate accelerating to 0.5%.
Meanwhile, the UK unemployment rate edged higher to 5%.
Markets are now turning their attention to Canada’s inflation data due later today.
Note: Trading carries risks