Daily Market View 15-04-2026
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Chinese tanker backs down, Trump talks up peace
1 Minute Market Rundown
- US sanctioned tanker "Rich Starry", linked to China, seemed to perform a U-turn yesterday after approaching
- Trump explained last night that "I think we're going to see something amazing in the next two days"
- This triggers a very slight rise in the price of Oil and a softness in USD
USD -
It seems that the US is quite serious about its blockade, either that or the Chinese are simply unwilling to test just how serious the US is. The "Rich Starry" simply passed the Iranian controlled Strait, approached the approximate position of the US blockade and then turned around and returned to the Gulf.
International incident avoided, the news floating around yesterday was that the Iranians were willing to come to the table, before the President came out for a Press Conference.

In this conference the President came out to state that he was upbeat at the chances of peace, talked up the achievements of the US in the war, such as "removing the extremists" and said the Iranians want a deal. Some people have launched into bets of a swift end to the war, falling again for what I suspect is a piece of Trump spin to calm markets and growing resentment at home.
Markets Today
*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer or check online for a live quote.
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