AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Detailed Summary
After the weekend's US-Iran ceasefire talks in Islamabad collapsed ...
US President Donald Trump has now threatened to blockade the Strait of Hormuz, starting 2:00 PM UTC today (Monday, April 13).
Iran in turn labelled such a blockade as "illegal and constitute an act of piracy", while issuing a threat against ports in the Persian Gulf and the Sea of Oman.
Markets are recoiling at this latest escalation in the Middle East conflict, which has now entered its 7th week:
WTI Crude Oil (Bybit: USOUSD): +7%, briefly breached $105/bbl again
Gold (XAUUSD+): -0.4%, dipped below $4700 before paring losses
Bybit's SP500: -0.6%, finding support at its 50-day simple moving average (SMA)
Bitcoin (BTCUSDT): -0.6%, dipping back into sub-$71k price levels for the time being
Assets & Events Watchlist:
As always, the latest developments surrounding the Iran war warrants constant vigilance.
Also this week, US earnings season is set to kick off, adding a fresh layer of event risk (events that could move markets).
With all that in mind, here are 3 major assets that could produce your next trading opportunity this week:
1) JPMorgan Chase & Co set to move 3% up/down after earnings
JPMorgan Case & Co is the biggest bank in the US.
It's set to release its latest quarterly earnings before US markets open on Tuesday, April 14th.
Once markets open on Tuesday, JPM's stock prices are forecast to move 3% either up or down.
Of course, whether the stock rises or falls will depend on these key questions:
Did JPMorgan's Q1 2026 earnings exceed/disappoint market expectations?
Can JPMorgan offer a robust future earnings outlook, enough to offset worries about the ongoing Middle East conflict (higher oil prices --> fueling US inflation --> forcing ed to keep interest rates high --> dampening US economic growth and corporate earnings)?
POTENTIAL SCENARIOS:
UPSIDE: JPM may hit the $319.30 upside target if its Q1 earnings exceed market expectations, while speaking to the resilience of the US economy and the bank's future earnings, desipte Iran war risks.
DOWNSIDE: JPM may fall to around the psychologically important $300 level if JPM's Q1 earnings disappoints, and/or this banking titan warns of earnings erosion ahead stemming from a gloomier outlook for the world's largest economy, as long as the Middle East conflict continues raging on.
2) DJ30 index faces twin risks: Iran war & US bank earnings
Bybit's Dow Jones Index Cash CFD tracks the Dow Jones Industrial Average a.k.a. The "Dow".
This index was launched in 1896, and has been used to measure the stock performance of major US "blue-chip" companies, representing key sectors of the US economy, for almost exactly 130 years.
This stock index includes these US banking giants:
Goldman Sachs - earnings due Mon, April 13 - accounts for 11.66% of the Dow
JPMorgan - earnings due Tue, April 14 - accounts for 4% of the Dow
Given that these two banking titans combined account for almost 16% of the entire index ...
DJ30 is bound to move in tandem with the market's reactions to Goldman Sachs and JPMorgan earnings announcements this week.
POTENTIAL SCENARIOS:
UPSIDE: DJ30 may break above its 100-day SMA crucial resistance and potentially hit a 1-month high around 48,800 upon de-escalating tensions surrounding the Iran war coupled with better-than-expected earnings out of Goldman Sachs and JPMorgan.
DOWNSIDE: DJ30 may break below its 200-day SMA crucial support and potentially falter back t the 46,400 region upon further escalations in the Iran war coupled with downcast earnings outlooks by Goldman Sachs and JPMorgan.
3) Ethereum (ETHUSDT) to retest $2.4k resistance, or $2k psychological support?
ETH is currently keeping pace with its more illustrious crypto cousin, Bitcoin, so far in April 2026.
At the time of writing, Ethereum (+3.85% month-to-date) has edged ahead of its more illustrious crypto cousin, Bitcoin (+3.79% mont-to-date), with the former also testing the psychologically-important $2,200 level for crucial support.
POTENTIAL SCENARIOS:
UPSIDE: If ETHUSDT can keep its head above $2.2k, an improvement in risk appetite could see prices of the world's 2nd biggest crypto re-test the $2.4k mark for resistance once more.
DOWNSIDE: Should ETHUSDT sink below $2.2k, greater risk aversion may see prices re-testing the psychologically-important $2,000 level for critical support, while also meeting its ascending lower support line since early-February.
Grab Up to 100 USDT in Rewards
Also, enjoy 555% APR on Bybit Earn products!