Mixed signals
President Trump's statement that the Iran agreement bans underground nuclear sites is likely to reduce geopolitical tensions, which should push oil prices down over the next few hours. Lower oil prices and reduced safe-haven demand are expected to drag gold (XAUUSD) lower, while boosting stock markets like the S&P 500 and risk-sensitive currencies such as the Australian dollar (AUDUSD). The US dollar may strengthen against the yen (USDJPY) as risk appetite improves. Watch how oil prices react in the next trading session.
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