No sign of Gaza ground war. Emergency aid truck convoy enters Gaza.

<p>A weekend update on the Middle East, where there are no reports that the ground war in Gaza has begun yet. </p><ul><li>An convoy of trucks carrying emergency aid has entered into Gaza</li><li>The aid, a consignment of food, water and medical supplies, has arrived while air attacks continue </li><li>The UN and US have warned Hamas from stealing the supplies, that the aid is intended for the Palestinian people: "We have been clear: Hamas must not interfere with the provision of this life-saving assistance" (US Sec State Blinken)</li><li>A summit in Cairo failed to reach a ceasefire agreement</li></ul><p>—</p><p>For markets, the impending ground war saw shifts into 'haven' Treasuries at the end of the week, albeit against the persistent UST downtrend. </p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-yields-turn-lower-but-stocks-battered-anyway-fx-flat-20231020/" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap: Yields turn lower but stocks battered anyway. FX flat</a></li></ul><p>CHF also gained towards the end of last week, hourly candles chart:</p><p>No ground war over the weekend should be likely to prompt tentative moves back into non-safe haven assets at the beginning of the new trading week. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.