A weekend update on the Middle East, where there are no reports that the ground war in Gaza has begun yet.

• An convoy of trucks carrying emergency aid has entered into Gaza
• The aid, a consignment of food, water and medical supplies, has arrived while air attacks continue
• The UN and US have warned Hamas from stealing the supplies, that the aid is intended for the Palestinian people: „We have been clear: Hamas must not interfere with the provision of this life-saving assistance“ (US Sec State Blinken)
• A summit in Cairo failed to reach a ceasefire agreement

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For markets, the impending ground war saw shifts into ‚haven‘ Treasuries at the end of the week, albeit against the persistent UST downtrend.

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CHF also gained towards the end of last week, hourly candles chart:

No ground war over the weekend should be likely to prompt tentative moves back into non-safe haven assets at the beginning of the new trading week.

This article was written by Eamonn Sheridan at www.forexlive.com.