Ian Reynolds
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Overnight
The G7 meeting discussions were entirely geopolitical
Middle East & Iran–Israel Conflict
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The G7 issued a joint statement firmly supporting Israel’s right to self‑defence, identified Iran as a source of regional instability, and insisted Iran must never obtain nuclear weapons .
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Leaders called for urgent de-escalation, including pushing for a ceasefire in Gaza, and pledged to collaborate on stability in global energy markets.
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U.S. President Trump departed the summit early to address the crisis directly, underlining the G7’s regional focus and his administration’s strong pro‑Israel stance
Trump says everyone should immediately evacuate Tehran [Reuters]
Twenty-Year Bond Auction Attracts Above Average Demand [RTT News]
A solid day for US stock markets
US Equities
Breaking
A Battered Iran Signals It Wants to De-Escalate Hostilities With Israel and Negotiate [Wall St Journal]
Bitcoin
BTC continues to grind higher, with some big buyers publicly in the headlights.
Commodities
The weekly chart on Brent offers a good view. Close this week above $79.00 to confirm the trend higher, or below $68.00 to establish 2 candles of bull trap, or more chop.
Foreign Exchange
Continued strength of the Loonie vs the USD possibly reflecting reallocation of capital, as EUR/CAD is a horizontal line when the chop is taken away.
USD/CAD Daily
Bonds
And maybe rising Canadian yields are attracting that capital.
Canada 10 Year Government Bond Yield Daily
Equities
The NASDAQ still can't break out of the bull flag.
Economic Indicators Today
