🌅 NordFX MORNING UPDATE | April 10, 2026 🌍 BIG PICTURE Markets remain on edge as the fragile US–Iran ceasefire — struck on April 8 — continues to show cracks. Iran claims violations, Israel says Lebanon is "not included" in the truce, and the Strait of Hormuz remains largely restricted to tanker traffic. US–Iran peace talks in Islamabad begin today, led by VP JD Vance. Every headline moves markets. 📰 📈 STOCKS Wall Street extended its winning streak to 7 consecutive sessions — the longest since October. Thursday's close: S&P 500 at ~6,825, Dow at ~48,151, Nasdaq +0.83%. Gains were driven by hopes the ceasefire holds and energy costs ease further. Caution remains as ceasefire durability is far from guaranteed. 🛢️ OIL Volatile and politically charged. After WTI plunged ~16% to ~$94/barrel on ceasefire news (Apr 8), prices rebounded Thursday with WTI near $98–99 and Brent around $97, as the Strait of Hormuz remained partially blocked. Goldman Sachs cut its Q2 Brent forecast to ~$90/bbl — but warns of upside risk if the strait stays closed. Supply disruptions remain severe; full recovery of Gulf oil flows could take months. 💛 GOLD Holding firm near $4,700–4,770/oz, supported by geopolitical uncertainty, falling bond yields, and bets on eventual Fed rate cuts. Gold is still up ~49% year-over-year, consolidating in a $4,700–$4,820 range as markets digest the ceasefire dynamics. 💱 FOREX EUR/USD trading around 1.1690, slightly lower in early Asian session as traders assess ceasefire fragility ahead of today's US CPI release. GBP/USD holding above 1.34, supported by continued USD weakness. The DXY continues to trade under pressure, near multi-week lows.