Good Morning!
The war in the Middle East appears to be de-escalating, with the US pausing strikes and talks emerging with middle countries. We have yet to hear any agreement between the two sides; however, energy has deflated and started pricing in some kind of deal and an end to the flow disruptions.
As expected, the ECB kept rates unchanged, and the Fed is expected to do the same today. We have a busy week ahead with European GDP expected to grow after its decline last quarter while US GDP is expected to grow by 2.2% over the same period. Both the BoE and BoJ are expected to keep rates unchanged while the US PCE Index is expected to be softer and European inflation to tick higher.
Important Dates
WE CALLED IT
Gasoil
+34%
$915 → $1230
VVV — Long
+29%
$10.1 → $13SNDK — Long
+15%
$1340 → $1550
BTC
+100%
Call Spread 70/72
WIZARD’S WEEKLY MUSING
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