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The Dow Jones 30 and S&P 500 hit all-time highs on Tuesday.
Both the Dow Jones 30 and the S&P 500 closed at record highs on Tuesday, as traders continued to look forward to the idea of potential negotiations between the Americans and Iranians, as well as interest rates dropping.
In Germany, the DAX has hit a fresh high, as the renewed enthusiasm over the Middle East conflict pausing has many German investors giving a sigh of relief that energy may be able to continue to flow into the country. Industrials continue to lead the pack in the index.
SpaceX has seen dropped over 7% after earnings calls on Tuesday, as a lack of financial guidance, and a higher-than-expected capital expenditure number had traders running from SpaceX. AMD also struggled, dropping almost 9% as “good wasn’t good enough” for traders, as it may have been priced for an upward surprise.
Crude Oil has fallen again on Tuesday, as traders continue to price in the idea that a deal to open the Strait of Hormuz may be reached sooner rather than later. This was boosted by a Qatari official and the US Treasury secretary talked about the possibility of a short-term deal to reopen the vital passageway.
The USD/JPY currency pair continues to attempt some form of stability near the 158-yen level, as it has recently seen the Bank of Japan and the US intervene to support the Japanese currency. At the moment, the pair seems to be somewhat content on hanging around the crucial 200 Day EMA.
USD/MXN falls on Tuesday, as traders continue to price in the idea of relaxing tensions, possibly avoiding some kind of recession. Exports into the US combined with higher rates in Mexico has the peso showing strength.
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