Iran Says US Violated Ceasefire and Vows It Will ‘Leave No Act of Aggression Unanswered’

Israeli troops continued cross-border operations into southwest Syria’s Quneitra and Daraa Governorates again today, harassing civilians and damaging and confiscating private property in the areas. Troops backed by eight military vehicles entered the area west of Mazraat al-Hanout, in Quneitra’s countryside, expelling a number of shepherds from the area, and opening fire on a civilian […]

US New Home Sales Soar For 2nd Straight Month As Prices Plunged In March After collapsing in January (-17.6% MoM - worst since July 2013 amid weather disruptions), US New Home Sales have risen strongly for two straight months - up 8.9% MoM in February and up 7.4% MoM in March... Source: Bloomberg This lifted new home sales by 3.3% YoY, but the total SAAR remains below Dec 2025 levels... Source: Bloomberg New home sales have really gone nowhere in three years. Median new home prices plunged in March from $407k to $387.4k - its...

Futures Jump After Overnight Rollercoaster Session As Oil Unexpectedly Tumbles, Yen Soars Futures erase an overnight slide, and have resumed their ascent trading near all time highs, despite a hawkish Fed statement but stronger Mag7 earnings. The hawkish Fed followed by a less hawkish press conference, plus the news that Powell is staying on seemingly removing a cut, actually have bond yields lower pre-mkt by 2-4bp as the Dollar weakens on what appears to be BOJ intervention which has sent the USDJPY plunging most since 2022. As of 8:00am ET,...