2048 GMT - Global markets are bracing for a risk-averse start to the week, says Michael Brown, senior research strategist at Pepperstone. Traders have what appears to be a massive risk event when President Trump's 48-hour deadline to re-open the Strait of Hormuz is set to expire, he says. That's going to keep participants on edge, underpinning demand for havens like the U.S. dollar, Brown says. The risk that Iran then retaliates is also on the minds of traders, he says. It's impossible to price a concrete path on how all this evolves, so capital preservation is likely to be the priority, Brown says. (james.glynn@wsj.com; X @JamesGlynnWSJ)
(END) Dow Jones Newswires
March 22, 2026 16:48 ET (20:48 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments