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EUR/USD held the 1.16 handle, drifting lower by single-digit pips as broad dollar softness from US-Iran Hormuz deal optimism barely moved the needle.

Cable churned near 1.3478, effectively flat, with sterling unable to extract gains from the weaker dollar tape.

USD/JPY printed 158.99, pinned near 159 despite broad dollar softness — the yen got no relief from the risk-on move.

AUD/USD ticked up 5 pips to 0.7162 on the risk-on tape, but the move was muted versus the broader commodity complex.

Gold added $12 to $4,533, holding above $4,500 even as Iran de-escalation hopes drained war premium from the complex.

Silver outperformed gold sharply, ripping +1.5% to $77.05 — a clean break of the prior consolidation range.

WTI cratered $4.58 to $92.02 — a -4.7% session — as officials signalled a US-Iran deal to reopen the Strait of Hormuz is imminent.

S&P 500 added 27.8 points to 7,473.5 — a fresh record close as the lower-oil + weaker-dollar combo delivered pure risk-on fuel.

Nasdaq 100 climbed 124 points to 29,481, mega-cap tech leading the risk-on charge as the rate-sensitive index gobbled the dollar weakness.

Dow outperformed +0.58% to 50,579, cyclicals catching an aggressive bid as transports and industrials priced in cheaper fuel.

BTC slipped $163 to $76,819 despite a roaring risk-on tape — the divergence is the story of the session.

ETH held $2,100, refusing to follow BTC lower — flat against the index while majors retreated, a quiet outperformance.

NVDA broke down $4.18 to $215.33, lagging the tech rally as profit-takers used the index strength to lighten crowded longs.

TSLA bounced $8.16 to $426.01, +2% — riding the broader risk-on plus a fresh Musk-orbit catalyst flow into the name.

AAPL added $3.83 to $308.82, +1.3% — leading the mega-caps as the most-owned name absorbed the risk-on flows first.

MSFT printed 418.57, essentially flat-to-down on a strong tech tape — a relative laggard worth noting.

META added $2.88 to $610.26, +0.47% — in-line with the index, neither leading nor lagging the mega-cap pack.

GOOGL broke from the mega-cap pack and fell $4.69 to $382.97, -1.2% — clear underperformance.

AMZN slipped $2.14 to $266.32, -0.8% — the consumer-discretionary name lagged despite the oil tailwind it usually loves.