Web Trader MT5 
Oil prices declined sharply after President Donald Trump canceled a planned attack on Iran, easing immediate concerns about further escalation in the Middle East. WTI dropped nearly 6% to around $79.65 per barrel, while Brent fell more than 5% to $83.41.
OPEC+ also agreed to increase production quotas by around 188,000 barrels per day from September, completing the unwinding of a major layer of voluntary production cuts. However, actual supply increases have remained limited because of export disruptions related to the ongoing conflict in the Middle East.
U.S. stock futures moved higher on Monday as investors prepared for the July jobs report and another busy week of corporate earnings. Dow futures gained almost 1%, while S&P 500 and Nasdaq 100 futures advanced 0.5% and 0.9%, respectively. The gains followed a positive Friday session that left the major U.S. indices near record highs.
Currency markets were also in focus after the United States joined Japan in supporting the Japanese yen, marking the first coordinated U.S.-Japan intervention to buy yen since 1998. The move came after the currency weakened to nearly 164.00 against the dollar, its lowest level in nearly four decades, before recovering sharply.
In the commodity market, Gold prices edged higher toward $4,060 during Monday’s Asian session as investors reacted to signs of de-escalation between the United States and Iran. However, uncertainty remains elevated, with Iranian officials rejecting Trump’s claims that Tehran had requested a pause, Investors will therefore continue monitoring U.S.-Iran developments for signs of either further escalation or progress toward an agreement.
Meanwhile, Middle East tensions remain an important risk for gold. Renewed escalation could push oil prices higher, adding to inflationary pressures and potentially forcing central banks to keep interest rates elevated for longer. This could limit gold’s upside despite its traditional safe-haven appeal.
The main economic focus this week will be the U.S. labor market, culminating with Friday’s July jobs report. Expectations point to adding 87,500 jobs, up from 57,000 in June, while the unemployment rate is forecast to rise slightly from 4.2% to 4.3%.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.
