Ira Epstein discusses the geopolitical tensions in the Middle East, highlighting Saudi Arabia's military actions against the Houthis and their impact on oil prices, notably pushing Brent crude back to the $100 level. He notes the mixed performance in the metal markets, with gold showing a bearish bias under the 18-week average, and comments on the dollar's strength, nearing the 102 level.
Epstein also previews upcoming economic data, such as the August trade balance and Red Book retail sales, while emphasizing the market's focus on Middle Eastern developments and the potential influence of the approaching U.S. midterm elections.
Comments
Log in or sign up to join the conversation.