Good morning! Today the brief is very Middle East-centric. While it was not our intention, it does seems that traders anticipate a major escalation.
So today we are trying to figure out what the moves across various markets on Middle East tell us. With a small bonus of a curious Epstein files resolution.
Stay ahead of the game with out forward-looking morning brief!
Top Movers
#1 Another Longshot Hit
The truth machine glitched again, this time in relation to Epstein files.
Traders were pretty sure we won't see another batch anytime soon, assured by a sheer volume of files to comb through. Yet some... ambitious trader keeps constant track on the files and even a single change in the repository is enough to resolve the market. I guess be cautious about who you are trading against.
#2 Tensions In Iran
Reports on protests in Iran are making some traders more and more confident we will see another showdown between Israel and Iran.
But that's not all - a strong posture from president Trump surely helped. In the meantime the protests grown in severity while we hear the first rumors about cities falling. These are surely false for now, but they add an interesting piece to the whole situation.
#3 Iran In The Crosshairs
The UK is also potentially joining the action.
The market on the UK designating the IRGC a terrorist organization rose sharply on no news. But we know that the US has been moving military equipment to and through the UK bases, indicating that the UK might take part in some action against Iran. And this might push the topic of IRGC back into the news cycle there, as it was brought up last year around the 12 day war.
#4 The African Front
Adding to tensions in the Middle East, East Africa is also experiencing some turmoil.
We noticed strange movement on the Somaliland recognition market. Surely there are a few candidates for recognition, but many see the Somaliland situation sidelined with the current situation in Iran - who is wrong?
#5 Lebanon?
On top of everything the odds of Israel launching a major ground offensive against Lebanon rose sharply.
This happens despite the fact that a supposed Israeli insider is building a position on Israel to strike Iran by the end of the month market. Looking back at all the Middle East markets highlighted today, it seems that traders are sure some action is coming, but are completely clueless about the direction.
Wrap up
That’s all for today - did you catch any of the moves? See you tomorrow for another Morning Brief!
This is not official investment or life advice. Do your own research. This are only my opinions and I encourage anyone to do their own research before putting any money anywhere.