Markets on edge as geopolitical tensions mount

Oct. 2, 2024 - FXTM

US500: -0.9%NAS100: -1.

4%Brent: 2.5%Crude: 2.

4%XAUUSD: 1.0%USDInd: 0.

4%With Benjamin Netanyahu vowing to retaliate against Iran, markets are on high alert with investors on edge. Geopolitical tensions may remain a key theme this week, possibly overshadowing Fed speeches and Friday’s US jobs report.

Prices may hit 101.94 if 101.

00 proves to be reliable support. Should 5675 prove reliable support, this could push prices back toward 5770.

Should $60,000 prove to be reliable support, this may encourage a move back towards the 200-day SMA at $64,000...