The S&P 500 (SPX) has resumed its advance in wave 3 after finding support at 6712.08. A break above 7002.28 would confirm the recovery, though investors should remain cautious as the larger cycle from April 2025 nears maturity.

Geopolitical tensions in the Middle East boosted safe-haven demand for the Japanese Yen, pushing USD/JPY toward 157.50. Hawkish Bank of Japan signals provide additional support as markets await key US ISM Services PMI data.

Jody Chapman

How Generative AI Development Services Drive Automation and Efficiency

Middle East tensions have propelled the energy sector to lead the market as crude prices surge amid supply risks. Investors are rotating into Exxon Mobil and Chevron, while TechnipFMC offers strong upside.