Market Wrap Summary - February 18, 2026
By Elior Manier
Date: February 18, 2026
Market Overview
Traders have shifted back to a risk-off sentiment following a change in the narrative regarding the Middle East. Initially, there was optimism surrounding a potential nuclear deal between the US and Iran, but comments from US Secretary of State Marco Rubio highlighted the challenges in negotiating with Iran, leading to a more cautious market outlook.
Commodities and Market Movements
Oil prices experienced volatility, dipping to around $62 before rebounding by 5% to surpass $65. Precious metals also saw a swift recovery, although their price movements remain constrained. Traders are particularly interested in Platinum as an alternative investment due to its lower participation compared to Gold.
US Dollar and Stock Performance
The Federal Open Market Committee (FOMC) released hawkish minutes, which contributed to the US Dollar outperforming other major currencies. Despite the geopolitical tensions, stock indexes showed resilience, particularly in Europe, although there was a notable correction in US stocks as sentiment shifted.
Market Sentiment and Future Outlook
Today's market performance was characterized by a rally in European stocks, while Gold, Silver, and Oil also saw gains amid renewed war themes. However, cryptocurrencies, including Bitcoin, continue to face downward pressure, indicating ongoing challenges in that sector.
Economic Data to Watch
Traders are advised to monitor upcoming economic data releases, particularly the Australian Employment report and US Jobless Claims, which could provide further insights into employment conditions and market direction.