🌅 Morning Update – 23 February 2026...来自NORDFX Global

23 Feb 2026, 15:22 · 阅读量 683

🌍 Market mood: Trade policy uncertainty is back in focus after the US Supreme Court invalidated the tariff system introduced under IEEPA. In response, President Trump announced a uniform global tariff of 15%, higher than the previously signalled 10%. The possibility of tariff refunds adds further legal and policy ambiguity. Markets are reacting with caution, and US index futures are down by as much as 1.00% in early trade.

🇺🇸 US equity futures: Under pressure at the start of the week as investors re-price trade risks and geopolitical headlines.

💵 FX: The US dollar is among the weakest major currencies this morning, down around 0.3–0.4%.

EURUSD +0.31%, extending short-term recovery.

🇨🇳 China–US tensions: China’s Ministry of Commerce is conducting a full assessment of the Supreme Court ruling and has urged Washington to remove unilateral tariffs, arguing they violate trade rules and US law. Beijing signalled readiness to defend its interests ahead of a potential Trump–Xi meeting window.

🥇 Gold: Strong safe-haven demand.

$5,130, up 1.12%, the highest level in three weeks.

🛢 Oil: Softer amid demand concerns linked to tariff tensions.

Down around 1.00%.
Markets are also evaluating the possibility of renewed US–Iran talks. Goldman Sachs lifted its Q4 2026 Brent/WTI forecasts to $60/$56, citing lower OECD inventories, while still expecting a supply surplus in 2026 without major disruptions.

🌍 Geopolitics: Reports indicate Iran signed a €500 million agreement with Russia for the delivery of air defence systems and missiles, with shipments planned for 2027–2029. According to US media reports, Washington is considering limited airstrikes on selected targets, while US and Iranian negotiators are scheduled to meet in Geneva in what officials describe as a potentially final diplomatic window.

🪙 Crypto:

bitcoin briefly dropped nearly 5%, breaking below $65,000, before stabilising near $65,500.

📅 Today’s Economic Calendar:

🇩🇪 11:00 – Ifo Business Climate (February)

🇺🇸 17:00 – Durable Goods Orders Ex-Transport M/M (December)

🇺🇸 17:00 – Durable Goods Orders M/M (December)

Volatility is back on the radar – manage risk carefully and stay flexible 🚀

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🌅 Morning Update – 20 February 2026 Escalating geopolitical risk continues to shape global markets as tensions between the US and Iran weigh on investor sentiment. Asian equities opened lower, with Japan’s Nikkei down around 1 % and Hong Kong’s Hang Seng under pressure, as traders remain cautious amid heightened risk aversion. 🧨 🛢 Oil climbed to the highest levels in about six months, with Brent trading in the 71–72 USD per barrel zone on fears of potential supply disruptions in the Strait of Hormuz. Higher crude prices are also lending support to energy stocks across several markets. 📉 Global equities remain fragile. US stock futures signal a cautious tone after a sell-off in private equity names and continued weakness in technology shares pulled Wall Street lower. European indices are mixed as investors rotate towards safer assets. 💵 The US dollar is strengthening and is on track for one of its best weeks in months. Solid economic data and expectations that the Federal Reserve will remain cautious on rate cuts, given persistent inflation risks, continue to underpin the greenback. 🌏 Asian markets are mixed overall. South Korea’s Kospi is outperforming, while Tokyo and other regional bourses lag. Indian benchmarks are trading unevenly as currency weakness and elevated energy prices weigh on sentiment. 📊 What’s ahead: Investors are watching upcoming releases including Japan’s CPI, UK retail sales and flash PMIs, as well as US preliminary PMIs and Q4 GDP data. These figures are expected to provide clearer signals on global growth and inflation trends amid ongoing geopolitical uncertainty. Stay alert and manage risk wisely. 🚀

NORDFX Global

🌤️ Why Volatility Often Returns After Calm Periods Markets never stay quiet for long. When volatility drops, traders increase leverage, tighten stops and sell options to collect premium. Risk looks cheap. That is exactly when the next sharp move becomes more likely. ⚡ When price finally breaks out of a narrow range, positioning unwinds fast. Stops trigger, hedges adjust and liquidity thins. The result is acceleration. 📊 Right now, equity volatility has cooled after recent spikes, but it remains elevated compared to long term averages. Gold is holding near historic highs around the $5,000 area, oil remains sensitive to geopolitical headlines, and the US PCE inflation release on 20 February could become the next catalyst for FX, indices and metals. 🧠 What to remember: Calm periods often precede expansion Volatility clusters: quiet days are followed by active ones Plan breakout scenarios in advance 🚀 Prepare for the next move and trade with proper risk management: https://my.nordfx.com/en/regis...

NORDFX Global