JPMorgan Strategist Matejka Sees More Stock Gains After Narrow Rally

News Image
Read full story

Published: 1 hour ago

JPMorgan strategists say global stocks have rebounded narrowly from Iran war lows, positioning the market for broader gains on any positive news. The narrow nature of the recovery suggests wider participation could follow with minimal catalysts. Risk-on sentiment could strengthen USD against safe havens like JPY and CHF while weakening it against commodity currencies. Forex traders should monitor equity momentum as broader stock gains typically drive currency flows toward higher-yielding assets.

Nothing to see yet 😢