US Market Opens Cautiously Ahead of Fed Decision Amid Iran Diplomacy

The US market opened cautiously ahead of the Federal Reserve's policy decision, with the Dollar Index (DXY) trading sideways within a narrow range. The index is currently holding at around 99.60, having fluctuated between 99.53 and 99.73 throughout the overnight session.

Meanwhile, Iran's Foreign Minister Araghchi stated that Tehran wants to return to a peaceful solution, with the Memorandum of Understanding (MoU) with the US remaining in effect. This constructive commentary has helped ease concerns over regional energy flows and supply security, leading to a pullback in energy prices.

US equity futures are higher, driven by reports of a potential deal between Intel and SK Hynix. The NQ is outperforming, with other sectors lacking a clear bias. Basic Resources, Utilities, and Banks are among the sector gainers, while Autos, Optimised Personal Care, and Media lag behind.