Newsig · Forex News
Monday open indicative forex prices, September 28, 2026
No respite from news over the weekend:Iran holds line on diplomacy as Hormuz missile strike raises risk before openNot too much change from late Friday:EUR/USD 1.1388USD/JPY 157.25GBP/USD 1.3246AUD/USD 0.7024USD/CAD 1.4141USD/CHF 0.8278NZD/USD 0.5666 (ps. clocks in NZ went onto daylight saving over
Why it matters
CL (Crude Oil (WTI)) · Why linked: A missile strike on the Strait of Hormuz directly threatens global oil supply routes, making crude oil the primary instrument to watch. Market context: A Hormuz missile strike would likely spike crude oil prices sharply due to risks to one-fifth of global oil transit.
BZ (Brent Crude Oil) · Why linked: Brent crude is the global benchmark and would react even more directly to Hormuz disruption given its role in international pricing. Market context: Hormuz strike risk is likely to push Brent crude significantly higher on supply disruption concerns.
XLE (Energy Select Sector SPDR Fund) · Why linked: Energy equities broadly benefit from oil price spikes driven by geopolitical supply risks in the Middle East. Market context: Oil supply risk from Hormuz would lift energy sector ETFs alongside crude price increases.
USD/JPY (US Dollar / Japanese Yen) · Why linked: Forex markets are opening with risk-off dynamics tied to Middle East escalation, and JPY is a classic safe-haven currency. Market context: Risk-off sentiment from Hormuz tensions may push USD/JPY as safe-haven flows move into yen.
How CL, BZ, XLE usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| CL | 125 | +3.14% | 37% |
| BZ | 118 | +2.90% | 36% |
| XLE | 103 | +1.58% | 40% |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy