🌍 MACRO PICTURE The US-Iran conflict continues to dominate global markets. After weekend peace talks collapsed and President Trump ordered a naval blockade of the Strait of Hormuz, risk appetite took a hit. However, markets are now cautiously hopeful — Iran signalled willingness to resume negotiations. All eyes today are on the US March PPI, released at 8:30 AM ET, a key input for Fed policy expectations.
🇺🇸 US INFLATION March CPI came in at 3.3% YoY — the highest since May 2024 — with a monthly surge of 0.9%, the steepest since mid-2022, driven by energy costs. The Fed holds rates at 3.50%–3.75%, with no cuts priced in for the near term.
đź’± FOREX
- 🇪🇺 EUR/USD: ~1.1729 — recovering above 1.17 as the USD loses some safe-haven momentum. ECB next meets April 30, with markets pricing ~26% chance of a hike.
- 🇬🇧 GBP/USD: ~1.3461 — holding above key support at 1.3200; modest bullish signals on technicals.
- 🇯🇵 USD/JPY: ~159.25 — yen under pressure; BoJ holds rates at 0.75%.
🛢️ OIL
- WTI: ~$97.45/bbl ⬇️ (-1.64%) — pulling back from a spike above $104 after the blockade announcement; markets trimming positions on renewed Iran-US dialogue hopes. OPEC+ output fell 7.9M bbl/day in March due to Hormuz closure.
🥇 GOLD
- XAU/USD: ~$4,703 ⬇️ — down ~1% from yesterday, paring last week’s gains amid reassessment of Fed rate path. Still +47% YoY. Range today: $4,701–$4,761.
â‚ż CRYPTO
- BTC: ~$68,300 ⬇️ — under pressure, down ~1.6%, with Fear & Greed Index at 12 (“Extreme Fear”). Geopolitical uncertainty and sticky inflation weigh on risk assets. Watch: Paris Blockchain Week kicks off tomorrow (Apr 15–16), with President Macron scheduled to speak on digital assets.
📌 KEY EVENT TODAY 🗓️ US March PPI — 8:30 AM ET A hotter print → USD strength, gold & BTC pressure. A softer print → risk-on relief rally. This data also shapes the upcoming PCE inflation estimate, critical for Fed guidance.
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🌅 NORDFX MORNING UPDATE | April 14, 2026 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
