According to Odaily, citing QCP Market Colour, markets entered the week with a clearer geopolitical backdrop. The United States and Iran signed a memorandum of understanding, while signals also emerged that the Strait of Hormuz could reopen. Against that setting, risk assets received support, U.S. equity futures moved higher and broke above historical highs, and crude oil prices fell back below $75.
QCP said the macro focus remains on the Federal Reserve’s dot plot and the guidance it provides for the short-term path of restrictive policy. In the current environment, that policy signal remains an important reference point for markets assessing the near-term interest-rate backdrop, especially as risk assets have already been supported by the easing of geopolitical conditions.
In crypto, however, QCP noted that Bitcoin has not yet followed the rebound seen across broader risk assets. BTC remains stuck below $66,000, while concerns related to Strategy’s financing needs continue to weigh on market sentiment. As a result, Bitcoin has lagged during the latest phase of strength in wider risk assets.