Trump risks triggering financial crisis with Iran war, warns ECB - Financial Times
Geopolitics
The ECB's Financial Stability Review warns that markets are underpricing geopolitical and fiscal risks, flagging that a US-Iran conflict could trigger a sudden, sharp repricing of global assets currently near record highs. This sets up a volatility-long or risk-off hedging setup as institutional cover for de-risking accumulates at the policy level.
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↔ PAIR+8% target-4% stop4-8 weeks tactical
Buy GLD and vol (VXX) as ECB formally flags market complacency on Iran war risk — a rare policy-level warning that the risk-off trade is underowned.