Mixed sentiment amid renewed attacks

Important news this week

Wed, 27th, 03:30 CET AU Consumer Price Index.

Wed, 27th, 04:00 CET NZ RBNZ Interest Rate Decision.

Thu, 28th, 14:30 CET US Core PCE Price Index.

Fri, 29th, 14:30 CET CA Gross Domestic Product.

Escalating Middle East tensions keep markets mixed

Markets are trading in a mixed and fragile environment as renewed escalation in the Middle East keeps uncertainty elevated. Reports of further US strikes on Iran and rising risks of an Israeli move against Hezbollah are preventing a stable risk-on trend from developing. The US dollar remains broadly weak, despite rising geopolitical tension, suggesting positioning is still leaning against USD strength for now. Equities are slightly higher but losing momentum, reflecting hesitation rather than conviction. Oil is rising again as geopolitical risk premiums rebuild, while Gold and Silver are under pressure, pointing to selective repositioning rather than broad defensive flows. Crypto markets are also weaker, highlighting reduced appetite for higher-beta exposure.

Market talk

Markets remain headline-driven with geopolitics increasingly dominating price action over macro data. The combination of rising oil, weak metals, and soft crypto suggests a fragmented risk environment rather than a clear regime shift. Month-end flows could become important, especially if positioning remains stretched in equities. USDCAD is approaching a key technical resistance zone around the weekly 50-MA, which could act as a pivot point for FX direction. Overall, sentiment is unstable — not fully risk-off, but clearly lacking conviction — with traders reacting quickly to geopolitical headlines and adjusting exposure rather than building strong directional positions.

Tendencies in the markets

• Equities positive, USD weaker, BTC sideways, oil rising, Silver weak, Gold weak.