Forex Analysis
EUR/USD bounces from around 1.1500 on news indicating Iran paused attacks on Israel. Tensions arose over the weekend, with the ceasefire interrupted by back-and-forth attacks in the Middle East.
GBP/USD trades above the 1.3560 level in European trading on Monday, trimming early fear-inspired losses. Tensions in the Middle East remain in the eye of the storm, as Iran and Israel exchanged attacks over the weekend.
Gold remains vulnerable near $4,300 in European trading on Monday, following a modest bounce in Asia to the $4,350-$4,355 area. Renewed hostilities in the Gulf push Crude Oil prices higher, fanning inflationary concerns and bolstering bets for more hawkish central banks. That weighs on Gold, as it trades near three-month lows.
Stocks
In-Depth Analysis
More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.
Bitcoin price action over the last few weeks has felt less like a normal, healthy correction and more like a slow grinding crash that continues to wreak havoc on holdings and trading accounts.
Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.
