[Exclusive Article for Futures Market Monitoring Tools] Focus during European and American trading sessions: The biggest market variable comes from the Strait of Hormuz. After Trump rejected Iran's proposal to reopen the Strait, oil prices, US Treasury yields, and the US dollar all strengthened. Saxo Bank points out that energy costs are impacting inflation expectations and risk appetite: gold fell to a seven-week low, and US stocks erased all of September's gains. Tonight, the US will release JOLTS and consumer confidence data—will market volatility intensify? Click to read.