π Economic Releases
| Time (ET) | Event | Impact |
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| 8:30 AM | Unemployment Claims | High |
π Earnings Today
π Premarket Gainers & Losers
π― Gamma Flip Point β $SPX (S&P 500 Index)
$SPX gamma flip point is 6578.8 |
π₯ Hot Market News
| Controlled escalation? Trump hails βvictoriesβ in Iran but vows more strikes in next few weeks President Donald Trump declared that the US-Israel military campaign against Iran has achieved significant victories, though key objectives are still being completed. He anticipated further strikes could heavily damage Iranian targets, asserting the regime's military capabilities were severely undermined, with substantial losses in Iran's navy and air force.
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| Gulf countries reconsider pipeline projects to bypass the Strait of Hormuz Amid rising tensions and strategic concerns over reliance on the Strait of Hormuz, Gulf countries are examining alternative pipeline routes, such as expanding Saudi Arabia's East-West pipeline, to secure oil and gas export routes. Potential projects aim to reduce dependence on the strait, though they face significant financial, engineering, and political challenges.
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| Amazon in Talks to Acquire Satellite Telecom Group Globalstar Amazon is negotiating the acquisition of Globalstar to enhance its low-earth-orbit satellite business and compete with SpaceX's Starlink. The deal is complicated by Apple's 20% stake in Globalstar, necessitating further negotiations.
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| Full text of Iranian President Masoud Pezeshkianβs letter to Americans Iranian President Masoud Pezeshkian posted a letter addressed to the American people on April 1, highlighting Iran's historical non-aggression and critiquing the presence of American military forces around Iran. He argues that misconceptions about Iran being a threat are politically motivated and discusses the historical context of US-Iran relations, emphasizing the negative impact of American policies and actions on Iran and questioning the true beneficiaries of such conflicts.
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| US Treasury to meet with insurance regulators to discuss private credit markets The U.S. Treasury Department said on Wednesday it will meet with domestic and international insurance regulators to discuss recent developments in private credit markets, as concerns about the health of the $2 trillion non-bank lending sector impact the wider credit market .
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| Discussions Remain Preliminary as US Officials Warn Against Chinese Vehicles Entering Market Stellantis is in early discussions with its Chinese partner Leapmotor about producing electric vehicles in Canada, marking potential significant Chinese auto investment following an agreement between Canada and China to reduce tariffs on Chinese-made EVs. The prospective venture has raised concerns in the U.S. about possible retaliatory tariffs if Canada is used to export Chinese vehicles to the American market.
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π± Forex News
| Dollar Rallies as Trump's Iran Stance Spurs Market Fears The U.S. dollar rose against major currencies after President Trump's aggressive stance on Iran sparked concerns over escalating conflict, leading investors to seek safe-haven assets and driving a surge in oil prices. The dollar index climbed nearly 0.5%, reversing earlier losses as markets remained jittery about rising inflation and the global economy's slowdown.
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| China's Central Bank Withdraws Cash for First Time in a Year Amid Rising Oil Prices The People's Bank of China withdrew 890 billion yuan through short-term operations and 250 billion yuan with longer-term tools, indicating a cautious approach as oil prices rise due to the war in Iran. Analysts anticipate further liquidity support, but the PBOC remains cautious, focusing on maintaining a moderately loose stance until economic demand increases.
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| Iran war increases inflation risks, supports potential BOJ rate hike The ongoing conflict in Iran is raising concerns about inflation in Japan, prompting a former Bank of Japan chief economist to suggest a possible interest rate hike by the BOJ later this month.
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| UBS Warns: Oil Disruption Could Force USD/JPY to 175 as Japanβs Yen Weakness Hits Cyclical Peak UBS's latest view on the dollar-yen pair is a direct function of the current energy shock. The bank has raised its base forecast, now expecting USD/JPY to reach 155 in June 2026, up from 152. This move is explicitly tied to elevated global energy prices that benefit the U.S. as a net exporter while pressuring Japan as a major net importer. The core macro driver is a stark divergence in energy trade positions, where higher oil costs widen Japan's trade deficit and support the yen's weakness.
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πͺ Crypto News
| Institutional Buying Unable to Counter Whale Selling Pressure as Bitcoin Demand Continues to Shrink Bitcoin is experiencing a decline in demand as large-scale 'whale' selling surpasses the buying efforts of institutional investors, leading to increased market pressure.
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| Brent Oil Futures Trigger Major Liquidations on Hyperliquid Exchange Tokenized Brent oil futures on Hyperliquid accounted for $46.6 million in liquidations, with the single largest being a $17.17 million position, driven by a geopolitical shift following Trump's national address on Iran. This event marks the second time in a month that oil has topped individual liquidation records on a crypto platform, highlighting the impact of geopolitical volatility on tokenized commodities.
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| JPMorgan Explores Prediction Market Services Jamie Dimon, chairman, and CEO of JPMorgan Chase, announced that the bank is studying the potential of launching prediction market services, avoiding wagering on sports and political outcomes, and focusing on preventing the use of insider information by employees.
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π οΈ Free Market Tools
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