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Crude pushed to a six-week high after the US hit Iranian tankers under a new deterrence policy and CENTCOM confirmed strikes on Iranian air defence and naval sites following a Hormuz mine attempt, with Trump signaling no rush for talks. The energy shock is feeding through to higher bond yields and an Asian equity slide, while systematic funds deleverage a crowded momentum basket — a combination that pressures risk assets including high-beta crypto and supports gold, where Schroders turned more bullish on central bank buying. Rates policy is tightening into the shock: the RBNZ lifted the OCR to 2.75% and still calls settings accommodative, Australian Q2 GDP beat at 0.4% q/q, and BOJ's Ueda and Takata both flagged further hikes, keeping a September BOJ move and USD/JPY in play; watch Hormuz shipping flow and whether the PBOC keeps fixing USD/CNY weaker than model estimates.
As a Macro signal, watch whether it changes price action, volatility, or flows around CL=F, GC=F, JPY=X.
Original Source: InvestingLive News
This page is market information analysis, not investment advice.
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US CENTCOM Launches Strikes on IRGC Targets Near Strait of Hormuz
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Japan's 10-Year JGB Yield Tops 3% for the First Time in Three Decades
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