Japan to release 20 more days of oil reserves in May amid Mideast war🚨
Japan will release an additional 20 days’ worth of oil reserves in May, marking a second round to address supply uncertainty stemming from the war in the Middle East.
Prime Minister Sanae Takaichi said the planned release of government reserves will begin in early May, following an earlier release last month.
Japan started releasing approximately 50 days’ worth of oil reserves in March, drawing from state holdings, private sector stockpiles and reserves held by oil-producing Gulf nations.
As of April 6, Japan held 230 days’ worth of oil reserves, including 143 days’ worth in government stockpiles, according to the Natural Resources and Energy Agency.
Read more:
https://uk.investing.com/news/commodities-news/japan-to-release-20-more-days-of-oil-reserves-in-may-amid-mideast-war-93CH-4601869
Japan will release an additional 20 days’ worth of oil reserves in May, marking a second round to address supply uncertainty stemming from the war in the Middle East.
Prime Minister Sanae Takaichi said the planned release of government reserves will begin in early May, following an earlier release last month.
Japan started releasing approximately 50 days’ worth of oil reserves in March, drawing from state holdings, private sector stockpiles and reserves held by oil-producing Gulf nations.
As of April 6, Japan held 230 days’ worth of oil reserves, including 143 days’ worth in government stockpiles, according to the Natural Resources and Energy Agency.
Read more:
https://uk.investing.com/news/commodities-news/japan-to-release-20-more-days-of-oil-reserves-in-may-amid-mideast-war-93CH-4601869
Investing.com UK
Japan to release 20 more days of oil reserves in May amid Mideast war By Investing.com
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USD/CHF H4 timeframe possible move
📈(Not a signal)📉
(Trade at your own risk)
USD/CHF on H4 shows a bearish shift after breaking below the ascending trendline and moving under the moving average, indicating weakening bullish momentum. Price is currently hovering around the 0.7880 support zone, and a confirmed break below this level could push the pair toward the 0.7800 support area. If price fails to break lower and reclaims the moving average, a short-term pullback toward the 0.7950–0.8000 resistance zone is possible.
📈(Not a signal)📉
(Trade at your own risk)
USD/CHF on H4 shows a bearish shift after breaking below the ascending trendline and moving under the moving average, indicating weakening bullish momentum. Price is currently hovering around the 0.7880 support zone, and a confirmed break below this level could push the pair toward the 0.7800 support area. If price fails to break lower and reclaims the moving average, a short-term pullback toward the 0.7950–0.8000 resistance zone is possible.
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Trump says U.S. Navy to enact Strait of Hormuz blockade after Iran talks collapse🚨
After high-stakes peace negotiations between the U.S. and Iran broke down in Islamabad overnight amid disagreements over Iran’s nuclear ambitions, U.S. President Donald Trump announced on Sunday that the U.S. Navy will begin blockading all ships from entering or leaving the Strait of Hormuz.
The Islamic Republic said it has no plans for further nuclear talks with the U.S. after negotiations brokered by Pakistan failed. “No program has yet been announced for the time, place, or next round of negotiations,” said Nour, Iran’s Supreme National Security Council’s news agency.
Read more:
https://uk.investing.com/news/economy-news/usiran-talks-collapse-vance-exits-islamabad-as-nuclear-impasse-holds-4603538
After high-stakes peace negotiations between the U.S. and Iran broke down in Islamabad overnight amid disagreements over Iran’s nuclear ambitions, U.S. President Donald Trump announced on Sunday that the U.S. Navy will begin blockading all ships from entering or leaving the Strait of Hormuz.
The Islamic Republic said it has no plans for further nuclear talks with the U.S. after negotiations brokered by Pakistan failed. “No program has yet been announced for the time, place, or next round of negotiations,” said Nour, Iran’s Supreme National Security Council’s news agency.
Read more:
https://uk.investing.com/news/economy-news/usiran-talks-collapse-vance-exits-islamabad-as-nuclear-impasse-holds-4603538
Investing.com UK
U.S.-Iran talks collapse: Vance exits Islamabad as nuclear impasse holds By Investing.com
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XAU/USD H4 timeframe possible move
📈(Not a signal)📉
(Trade at your own risk)
Gold on H4 is showing a corrective move upward into a key resistance zone around 4,770–4,800 after a strong bearish leg. Price is struggling below the moving average and horizontal resistance, suggesting weakening bullish momentum and potential rejection. If this zone holds, a continuation to the downside is likely, with sellers targeting lower support levels.
📈(Not a signal)📉
(Trade at your own risk)
Gold on H4 is showing a corrective move upward into a key resistance zone around 4,770–4,800 after a strong bearish leg. Price is struggling below the moving average and horizontal resistance, suggesting weakening bullish momentum and potential rejection. If this zone holds, a continuation to the downside is likely, with sellers targeting lower support levels.
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Oil prices fall with focus on US-Iran blockade, more ceasefire talks🚨
Oil prices fell in Asian trade on Tuesday as markets gauged supply risks and the potential for more ceasefire talks after the U.S. began blockading Iranian ports to pressure Tehran into a lasting peace deal.
Brent oil futures fell 1.3% to $98.04 a barrel, while West Texas Intermediate crude futures fell 1.7% to $91.34 a barrel by 00:03 ET (04:03 GMT).
Both contracts had fallen more than 2% earlier in the session.
Read more:
https://uk.investing.com/news/commodities-news/oil-slides-over-2-with-focus-on-usiran-blockade-more-ceasefire-talks-4605915
Oil prices fell in Asian trade on Tuesday as markets gauged supply risks and the potential for more ceasefire talks after the U.S. began blockading Iranian ports to pressure Tehran into a lasting peace deal.
Brent oil futures fell 1.3% to $98.04 a barrel, while West Texas Intermediate crude futures fell 1.7% to $91.34 a barrel by 00:03 ET (04:03 GMT).
Both contracts had fallen more than 2% earlier in the session.
Read more:
https://uk.investing.com/news/commodities-news/oil-slides-over-2-with-focus-on-usiran-blockade-more-ceasefire-talks-4605915
Investing.com UK
Oil slides over 2% with focus on US-Iran blockade, more ceasefire talks By Investing.com
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USD/JPY H1 timeframe possible move
📈(Not a signal)📉
(Trade at your own risk)
Price is currently rejecting from the 159.5–160.0 resistance zone and breaking below the short-term structure, indicating bearish momentum in the near term. The trendline support below around 158.0 becomes the key level to watch, as a bounce there could trigger the projected bullish reversal. If that support holds, a recovery toward 159.5+ is likely; otherwise, a clean break lower would extend the downtrend.
📈(Not a signal)📉
(Trade at your own risk)
Price is currently rejecting from the 159.5–160.0 resistance zone and breaking below the short-term structure, indicating bearish momentum in the near term. The trendline support below around 158.0 becomes the key level to watch, as a bounce there could trigger the projected bullish reversal. If that support holds, a recovery toward 159.5+ is likely; otherwise, a clean break lower would extend the downtrend.
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Asia FX muted with focus on more Iran talks, dollar steadies after soft PPI🚨
Asian currencies kept to a tight band on Wednesday as markets sought more cues on extended ceasefire talks between the U.S. and Iran, while soft U.S. inflation data released overnight provided some relief.
The dollar rose marginally in Asian trade after falling for seven consecutive sessions, as hopes for an Iran ceasefire sapped the greenback of some safe haven demand, as did cooling inflationary concerns.
Read more:
https://uk.investing.com/news/forex-news/asia-fx-muted-with-focus-on-more-iran-talks-dollar-steadies-after-soft-ppi-4608368
Asian currencies kept to a tight band on Wednesday as markets sought more cues on extended ceasefire talks between the U.S. and Iran, while soft U.S. inflation data released overnight provided some relief.
The dollar rose marginally in Asian trade after falling for seven consecutive sessions, as hopes for an Iran ceasefire sapped the greenback of some safe haven demand, as did cooling inflationary concerns.
Read more:
https://uk.investing.com/news/forex-news/asia-fx-muted-with-focus-on-more-iran-talks-dollar-steadies-after-soft-ppi-4608368
Investing.com UK
Asia FX muted with focus on more Iran talks, dollar steadies after soft PPI By Investing.com
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