With traders already seeing a glass half empty, the news of geopolitical tensions rising in the Middle East has bolstered support for safe haven assets. A couple of oil tankers being attacked around the Strait of Hormuz (a crucial waterway for oil out of the Persian Gulf is pulling oil prices higher, but also spiking tensions between the US and Iran once more. With bond yields falling again, the yen and Swiss franc are beneficiaries amongst forex majors, whilst gold has broken out to new 2019 highs. However, attention turns back towards economic data today. With what is building up to be a crucial meeting of the FOMC next … (full story)

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