Iran MOU Revised, AI Narrative Holds | MACRO TRADING DESK

追加: 2026-06-03

[00:00:00]Saxo Value macro trading desk. Markets are still caught between two forces, >> [music] >> macro uncertainty and the AI trade. On the geopolitical side, Trump held a two-hour [music] situation room meeting and pushed for tighter terms in the proposed US [music] Iran framework. The key revisions focus on enriched uranium disposal and the wording around reopening the Strait of Hormuz. Iran is expected to respond within about three days, while full implementation could take a week or longer.

[00:00:31]>> [music] >> For markets, the main focus remains oil.

[00:00:34]If Hormuz traffic recovers smoothly, macro pressure could ease, but if oil stays elevated, inflation [music] concerns may return. At the Fed, internal disagreement is growing over whether to [music] keep language that points toward future rate cuts. The June 17th meeting now becomes important.

[00:00:53]Meanwhile, AI remains the strongest equity theme. Debate over whether the trade is crowded is growing, but earnings momentum and industry demand continue [music] to support the sector.

[00:01:05]On Saxo, watch US Tech 100, oil, gold, Bitcoin, [music] Max 7, and AI-related assets.