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Equity markets had a good night, with only the CSI 300 index in negative territory (-1.01%). HSBC Holdings Plc announced a fresh multi-billion dollar stock buyback as it reported better-than-expected earnings.

"Mind the Gap" is a reference to both oil and gold this morning. Oil fell as Israeli strikes on Iran over the weekend avoided the OPEC member’s oil facilities, with West Texas Intermediate declining 5% to $68.15. XAUUSD also gapped down $10 on the open.

Markets are USD-focused, with the yield on 10-year Treasuries advancing, currently at 4.24%. We see USD/JPY open above 152, Cable open below 1.30, and EUR/USD testing support at 1.0780/1.08.