It's been a relatively calm session after the rally in risk assets overnight. The main theme is still the Israel-Iran ceasefire but it looks very shaky. In fact, this morning Israel accused Iran of firing two missiles towards Israel after the ceasefire began and promised a retaliation against regime targets in the heart of Tehran. Iran later denied launching the missiles.

Late in the session, Trump delivered lots of comments regarding the ceasefire and the gist of it is that he doesn't think the ceasefire was violated because both Israel and Iran breached it in the beginning. He sounded very disappointed with Israel and promised to stop them from escalating things further.

The markets didn't react much to these news but the momentum in risk assets waned nonetheless. In the American session, we have the Canadian CPI, the US Consumer Confidence and Fed Chair Powell Testimony coming up. There will also be a barrage of central bank speakers with the focus being on Fed ones after Waller's and Bowman's dovish comments.

Source: Forex Live