American Market Recap: Cable rises to a three-day high. What's next

Tuesday, 17 Mar, 2026 Forex Cable rises to a three-day high. What's next The pound is trading at the highs of the day as the US dollar gives back most of the big rally on Friday. The market is beginning to take a more-constructive view on the duration and impact of the Ira News Trump on the war: A couple of weeks, not much longer Trump says the Iran campaign is "way ahead of schedule" and expects it to conclude "in a couple of weeks" and "not much longer". At the outset, he said 4-5 weeks and we're not two-and-a-half weeks int Learn more News U.S. Treasury auctions of $13 billion of 20 year notes at a high yield of 4.817% High-yield 4.817% WI level at the time of the auction 4.824% Tail -0.7 bps versus 6 month average of 0.0 basis points 2.76X versus 6 month average of 2.63X 9.24% versus 6 month average of 10.9% Direct Stocks European Markets close higher across-the-board European indices are higher for the 2nd consecutive day to start the new trading week. This week the SNB, ECB, and BOE announcer interest-rate decisions – all on Thursday. All are expected to keep the News Trump: NATO is making a foolish mistake. They should have been there. Iran / Military stance Views Iran as a long-standing threat , saying it has been destabilizing for decades Frames current actions as purely military , not political Claims the U.S. has the capability Technical Analysis EURUSD Technicals: The EURUSD stretches to a new high with the 200 hour MA the key target The EURUSD is continuing its push to the upside, with the pair now stretching toward an important technical ceiling defined by the 200-hour moving average at 1.15499 . As the price approaches that lev News Trump was informed most "allies" won't help with Hormoz. Says US doesn't need help anyway Trump started a war without consulting any allies and then asked for their help. Evidently, they mostly told him they don't want to send ships to Hormuz despite his weekend pleas. Now he's angry but s News Macron says they will participate in Hormoz mission but it would need Iranian coordination Trump yesterday hinted that France would ultimately get involved in a Hormuz operation and now we're seeing signs that's true, though with some strange caveats: Once strikes have stopped, we are read Learn more Stock market update Tech stocks show mixed signals: Gains in financials and consumer cyclical sectors The US stock market is displaying a dynamic landscape today, with technology stocks experiencing mixed results, while financials and consumer cyclical sectors exhibit strength. This sits against a bac

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