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. Read More Details
Finally We wish PressBee provided you with enough information of ( Weekend gap risk will likely keep markets rangebound )
Also on site :