With his visit to the Middle East, Trump is turning his attention to other geopolitical matters this week. Iran continues to defend their stance and not give in though, so we'll see about that. But for markets in general, all of this at least buys further reprieve on the trade front after the US and China settled on a 90-day de-escalation since the weekend.

The comments are putting a drag on oil though, with WTI crude down over 3% on the day now to $60.62.

Source: Forex Live