Analyst: Market Hungry for More Progress, Sees Several Weeks of Uncertainty on Iran War

BlockBeats News, April 2nd, IG market analyst Tony Sycamore said: "Previously, the market's basic expectation was that the situation would continue to cool down, and we have indeed seen signs of this over the past few days. Overall, this trend still exists, but I believe the market is eager for more substantial progress. To me, this speech did not offer much new insight."

"The Strait of Hormuz remains the biggest variable in everyone's playbook. Observing the stock market, what we see is a typical 'buy the rumor, sell the fact' reaction; whereas the oil market's response is quite the opposite. Currently, the uncertainty of another two to three weeks is looming over the market." (FXStreet)