Markets Slide as Israel Strikes Iran, Safe Havens Climb
| Action Insight Daily 6-13-25 |
Markets Slide as Israel Strikes Iran, Safe Havens Climb |
Asia-Pacific equities slumped today after Israel launched a military strike on Iran, targeting nuclear facilities and escalating geopolitical tensions in the region. The strike, which came without US support, was followed by a sharp vow of retaliation from Tehran. The immediate reaction saw oil prices spike nearly 9%, as traders rushed to price in potential supply disruptions across the Middle East. The risk-off mood gripped markets across asset classes, dragging equities lower and boosting safe havens. Gold, Swiss Franc, and Yen all climbed as investors sought shelter from the rising uncertainty. Meanwhile, Dollar also found some renewed strength as it recovered, after broader weakness earlier in the week triggered by softer-than-expected inflation data and rising odds of a September Fed rate cut. On the other hand, Kiwi led the declines, pressured by both heightened risk aversion and a sharp contraction in local manufacturing activity. Kiwi was followed closely by Aussie and Sterling. Loonie managed to hold mid-pack, underpinned partially by the surge in oil prices. Euro also traded with relative calm, despite the Middle East tensions, as ECB’s message this week has helped anchor expectations that easing cycle may be drawing to a close...... |
USD/CHF Daily Outlook Daily Pivots: (S1) 0.8067; (P) 0.8138; (R1) 0.8174; More…. Intraday bias in USD/CHF remains on the downside, with immediate focus now on 0.8038 low. Strong support could be seen there to bring rebound, and above 0.816 support turned resistance will turn intraday bias neutral first. However, firm break of 0.8038 will resume larger down trend. Next target will be 61.8% projection of 0.9200 to 0.8038 from 0.8475 at 0.7757. | |
| GMT | Ccy | Events | Actual | Forecast | Previous | Revised |
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| 22:30 | NZD | Business NZ PMI May | 47.5 | 53.9 | 53.3 | | 04:30 | JPY | Tertiary Industry Index M/M Apr | 0.30% | 0.20% | -0.30% | -1.00% | | 04:30 | JPY | Industrial Production M/M Apr | -1.10% | -0.90% | -0.90% | | 06:00 | EUR | Germany CPI M/M May F | 0.10% | 0.10% | | 06:00 | EUR | Germany CPI Y/Y May F | 2.10% | 2.10% | | 08:30 | GBP | Consumer Inflation Expectations | 3.40% | | 09:00 | EUR | Eurozone Industrial Production M/M Apr | -1.60% | 2.60% | | 09:00 | EUR | Eurozone Trade Balance (EUR) Apr | 22.5B | 27.9B | | 12:30 | CAD | Manufacturing Sales M/M Apr | -2.00% | -1.40% | | 12:30 | CAD | Capacity Utilization Q1 | 79.80% | 79.80% | | 12:30 | CAD | Wholesale Sales M/M Apr | 0.30% | 0.20% | | 14:00 | USD | UoM Consumer Sentiment Jun P | 53.5 | 52.2 | | 14:00 | USD | UoM Inflation Expectations Jun P | 6.60% |
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