US equity markets are trading back up towards record highs, brushing off the Middle East conflict, concluding a deal is close. Global markets appear more nervous, watching oil prices and the flow of shipping though the Strait of Hormuz. The safety flows to the US Dollar are drying up with the EUR knocking on the door of 1.1800, while the GBP trades around 1.3550. High and deficits and debt are a breaking point, in many Western Countries, but the energy crises will only remain in areas that welcome sanctions and Net-Zero.The falling reserve has allowed the NZD to regain 0.5900, while the AUD has surged above 0.7150. Australian employment data will be watched closely today, as will Chinese GDP growth, in local trade.
