Trump Extends Iran Ceasefire Amid Market Volatility and Fed Policy Concerns

The North American trading session experienced significant volatility driven by a mix of geopolitical tensions and monetary policy concerns. President Trump announced an extension of the ceasefire with Iran, helping to stabilize markets after fears of a collapse weighed heavily on late-session sentiment. The earlier market tumble was triggered by diplomatic uncertainty coupled with growing hawkishness from the Federal Reserve regarding interest rates. While the extension provides a temporary floor for risk appetite, investors remain cautious as the peace process remains fragile. Key instruments including EUR/USD, Gold, and Crude Oil reacted to these shifts, reflecting the market's sensitivity to both geopolitical developments and US rate expectations. Overall, the session highlighted the delicate balance between diplomatic breakthroughs and macroeconomic pressures.