US futures, Globex, open for the new week's trade. Risk off, as expected.

US futures trade is open for the new week, gaps:

• S&P500 futures -1%, NQ also
• Brent +7%
• CL +9%

Early FX rates indicated the moves, as usual:

• Monday open FX (unlike the closed Strait of Hormuz). Indicative rates 20 April 2026.

• Oil and equity index futures open at the top of the hour. Early FX is indicating risk off

But the weekend news flow indicated it well before pricing did.

This article was written by Eamonn Sheridan at investinglive.com.

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