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March 24 Pre-Market Earnings Release Stocks
(EVTL) Vertical Aerospace shares were up prior to market opening but lost all gains to end at $3.33 (-5.4%). The company’s quarterly adjusted loss of £0.42 per share for the quarter ending December 31 was higher than the prior year when EPS was -£2.23.
(SMTI) Sanara MedTech Inc. had record 2025 sales of $103.1M (+19% YoY), an increase in gross margin to 93%, and generated operating cash flow of $6.8M. Q4 2025 revenue was $27.5 million and total 2025 net revenues $103.1 million reflect 19% YoY revenue growth.
(LENZ) LENZ Therapeutics, Inc. was trading down 13% to $9.63 after hitting a low of $9.21 shortly after the beginning of trading. The net loss for Q4 2025 was $35.9 million, reflecting the increase in SG&A expenses.
News algos reacted to this headline but further reading indicates it has not reached the level of negotiations (reaction proved limited)
The day after an earthquake trading has seen limited follow through across global markets as another slew of headlines, mostly negatiove, have so far had limited impact.
This feels like the calm before the next storm with a window until the 5 day extension to attack Iran’s power plants, if it stands, means more of a weekend risk than during the week.
Middle East reality check and potentially irreconciable differences
Trading today is like the day after an earthquake
As opposed to a tsunami or hurricane, an earthquake comes without a warning and thus comes as a surprise.
This can be likened to yesterday’s price action where a surprise post by the US President immediately reversed price action in crude oil , whose plunge had ripple effects across other global markets.
After an earthquake, the focus is on assessing the damage and whether there are any aftershocks.
In the case of trading, the damage to accounts was caused by immediately wiping out stops yesterday (with a lot of slippage) but so far no aftershocks (more headline news). This leaves markets in a state of limbo waiting for the next headline driven move but restrained without any nearby key stops to go after.
US PRE-MARKET MOVERS: APO, JEF, JHG, SFD, CNM, CNXC, RL, CRWV
(Right click on any image (or chart) to open a full screen in a new tab)
Newsquawk Daily US Opening News – 24th March 2026
(Right click on any image (or chart) to open a full screen in a new tab)
XBRUSD (BRFENT OIL) UPDATE
- The move back above $100 is setting a modest risk off mood in global markets while price action is consolidating within yesterday’s wild 96.09-114.38 range.
- Meanwhile, reaction to headlines more than technicals continue to drive the price action where $100 will set the trading bias and act as a risk on/risk off indicator.
- Note there were reports yesterday that the Japanese government had left the door open to intervening in crude oil futures. However, it is a big differewnce between opening the door and actually stepping through it.
XBRUSD 4 HOUR CHART
XAUUSD (GOLD) UPDATE
With price action consolidating between 4099-4512 there are a couple of scenarios that may unfold:
- If 4304 holds and 4512 is firmly broken, then short-term momentum turns up targeting 4735.
- If 4512 holds and 4304 is broken, then 4099 is back on the radar.
In any case, 4735 is the level that would need to be broken to negate the broader downside risk.
XAUUSD 4 HOUR CHART
Forex Market Snapshot
- The dollar is trading firmer but well below yesterday’s highs in defensive trading driven by conflicting headlines that can best be described as creating diplomatic confusion.
- AUD and NZD are both underperforming as markets trade with a modest risk off tone.
- XBRUSD climbing back above $100 (last $102,40) after a wild whipsaw day yesterday and that might be an understatement.
- There was little reaction to EZ Flash PMIs. US S&P Global Flash PMI is due (seen as not as important as the ISM PMI).,
- Otherwise, another headline watching day as global markets await clarity, torn between hoping for the best while expecting the worst.
NZDUSD (4HR)
On the other hand, the New Zealand dollar slipped 0.1% to $0.5825 after a 0.8% drop on Friday trimmed its weekly gain to about 1%. NZDUSD continues to trade within a broader downward trend. However, the pair has begun to stabilize, holding above a key support zone after multiple tests.
Focus now turns to a speech by Anna Breman, as markets have sharply repriced expectations toward nearly 90 basis points of tightening this year, despite the Reserve Bank of New Zealand previously signaling that even one rate hike was not yet certain
Support is holding near 0.5775 and resistance around 0.5880
AUDUSD (4HR)
After the early morning news.. AUDUSD saw brief volatility but ultimately returned to its prior trend. The pair remains under downward pressure within a short-term bearish move. However, key support levels are still holding. A stronger push lower is needed to break these supports and confirm further downside.
Supports and resistance can be seen at 0.6945 and 0.7050
Investors are now focused on the upcoming Wednesday inflation data
A must read article after another headline driven day
News Algos in Trading: Why Markets Suddenly Spike During Geopolitical Crises
Anyone trading during the current geopolitical crisis has likely noticed sudden spikes and dips appearing out of nowhere, leaving traders asking the same question: What’s the news?
As traders know all too well, it is often the reaction to the news rather than the news itself that matters most. Sometimes the market’s response is logical. Other times it seems completely irrational. When that happens, traders can feel like they are the only sane person in an insane asylum.
News Algos in Trading: Why Markets Suddenly Spike During Geopolitical Crises
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