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US Market Open: NQ futures supported by upbeat SK Hynix earnings; Crude choppy following conflicting US-Iran updates

NQ futures outperform following SK Hynix's upbeat earnings.

DXY flat; NZD hit after the RBNZ unexpectedly held rates steady.

Fixed income benchmarks modestly lower ahead of the UK Budget and Fed rate decision.

Crude complex choppy, with conflicting reports regarding a new proposal to end US-Iran conflict.

Looking ahead, highlights include US Atlanta Fed GDPNow, Fed Policy Announcement (Oct), BoC Policy Announcement (Oct), UK Autumn Budget. Speakers include BoC’s Macklem & Fed Chair Warsh. Supply from Germany & the US. Earnings from Phillips 66, Microsoft, Alphabet, ServiceNow, FedEx…

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