{"id":89593,"date":"2026-09-03T19:43:01","date_gmt":"2026-09-03T09:43:01","guid":{"rendered":"https:\/\/ic.com\/blog\/?p=89593"},"modified":"2026-09-03T19:43:02","modified_gmt":"2026-09-03T09:43:02","slug":"general-market-analysis-03-09-26","status":"publish","type":"post","link":"https:\/\/ic.com\/blog\/general-market-analysis-03-09-26\/","title":{"rendered":"General Market Analysis \u2013 03\/09\/26"},"content":{"rendered":"\n

Stocks Find Support Despite Ongoing Tensions in the Gulf \u2013 Dow up 0.5%<\/strong><\/p>\n\n\n\n

US equities recovered some of their recent losses in trading yesterday as investors looked for value despite further hostilities in the Middle East. The Dow Jones rose 0.56% to 53,061, while the S&P 500 gained 0.46% to 7,666 and the Nasdaq advanced 0.45% to 26,217.<\/p>\n\n\n\n

Treasury yields eased from their recent highs, with the US 2-year yield falling 3.1 basis points to 4.369%, while the 10-year yield declined 2.0 basis points to 4.778%. The pullback in yields also weighed on the US dollar, with the USD Index falling 0.12% to 99.56 as the greenback weakened against the major currencies.<\/p>\n\n\n\n

Oil prices continued to push higher as markets priced in the risk of further conflict in the Gulf. Brent crude rose 0.88% to $95.32 a barrel, while WTI gained 0.71% to $91.01. Gold also benefited from the weaker dollar and increased geopolitical uncertainty, rising 1.33% to $4,386.29.<\/p>\n\n\n\n

Yen Traders on Intervention Watch Again<\/strong><\/p>\n\n\n\n

Yen traders are once again on intervention alert after a sharp appreciation in the currency saw USDJPY fall more than 150 pips in a short period yesterday. While there has been no confirmation of official intervention, the speed of the move is likely to keep traders focused on the potential for action from Japanese authorities should yen strength accelerate further.<\/p>\n\n\n\n

The size of the move certainly doesn\u2019t look like full intervention, and the possibility that the Bank of Japan had been checking rates looks high. They have used this tactic in previous interventions earlier this year, and it could be the case that they are preparing for a more decisive move in the coming sessions, especially in thinner market conditions tomorrow and if we see a move higher for the dollar after Non-Farm Payrolls.<\/p>\n\n\n\n

It feels like volatility is likely to remain high for the yen in the coming days, especially if we see the currency weaken against the dollar and on the crosses again. Short-term support in the USDJPY now sits around 158.00, where it found support in mid-August, while resistance is now up near yesterday\u2019s high at 160.39.<\/p>\n\n\n\n

Quieter Calendar Day Ahead of Tomorrow\u2019s Big US Employment Numbers<\/strong><\/p>\n\n\n\n

Attention today will turn to a relatively quiet economic calendar, although markets are likely to remain sensitive to any fresh developments in the Middle East. Traders will also begin positioning ahead of tomorrow\u2019s key US employment report, which is expected to provide an important test for current expectations around US monetary policy and could generate further volatility across the dollar, Treasury yields and risk assets.<\/p>\n\n\n\n

There is little on the calendar in the Asian session today, while once London opens, the focus will be on Swiss markets with the release of the latest CPI data (exp 0.0%) due shortly after the open. The US session will see weekly unemployment claims (exp 205K) released early in the day, followed by the ISM Services PMI (exp 54.2). With tomorrow\u2019s employment report likely to dominate sentiment, these releases may have a limited impact unless they produce a significant surprise.<\/p>\n\n\n\n

Explore all upcoming market events in the Economic Calendar.<\/a><\/p>\n\n\n\n

Risk Warning:<\/strong> Trading in securities involves significant risk. Prices may fluctuate and securities can become entirely valueless. You may incur losses that exceed your potential profits, and in some cases, losses may exceed the amount you have deposited. Securities, futures, options, and contracts for differences are complex financial instruments and are not suitable for all investors. Engaging in such transactions requires a sound understanding of the associated risks. Please read and ensure you fully understand our Risk Disclosure<\/a>.<\/p>\n\n\n\n

Our leverage is dynamic and may change at any time. Such changes may affect your positions and margin requirements. You are responsible for monitoring your positions and maintaining sufficient margin at all times<\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks Find Support Despite Ongoing Tensions in the Gulf \u2013 Dow […]<\/p>\n","protected":false},"author":8,"featured_media":89594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[463],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/89593"}],"collection":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/comments?post=89593"}],"version-history":[{"count":2,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/89593\/revisions"}],"predecessor-version":[{"id":89632,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/89593\/revisions\/89632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/media\/89594"}],"wp:attachment":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/media?parent=89593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/categories?post=89593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/tags?post=89593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}