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Daily Market View 7-03-2026

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1:30

Trump ups the ante with threats to level Iranian power plants

1 Minute Market Rundown

President Trump launches expletive filled rant over the weekend, demanding that Iran opens the Strait or faces "annihilation"
Deadline for a ceasefire ends tonight, with the President said to be willing to target Iranian power stations and bridges
Oil futures rise, whilst equities indexes retreat, US Dollar also modestly higher this morning

USD -

US activity in the war does seem to coincide with weekends and after the Hollywood rescue of a downed US F-15 pilot in Iran on Sunday the weekend rule seems to hold firm.

Buried underneath all of this war talk the overall US jobs market proved more resilient than expected in February, with Non-Farm Payrolls figures released Friday showing a strong 178,000 jobs added figure and a declining rate of unemployment.

Screenshot 2026-04-07 081306

Still, the real impacts of near $5 a Gallon Gas is yet to be borne out and the President's threats against key Iranian infrastructure is, if enacted, does represent a very serious escalation. However, having experience of the President's shock and awe style of negotiation before, I would suspect that the attack will be called off at the last second.

If it isn't, we could expect to see much higher USD and Oil tomorrow, with a significant retaliation from Iran seeming certain. It would also very likely delay any talks on opening the Strait of Hormuz and allowing a resumption in Global energy traffic, something more desperately needed than almost anything besides and end to the fighting.

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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