Trump says U.S. Navy to enact Strait of Hormuz blockade after Iran talks collapseπ¨
After high-stakes peace negotiations between the U.S. and Iran broke down in Islamabad overnight amid disagreements over Iranβs 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. βNo program has yet been announced for the time, place, or next round of negotiations,β said Nour, Iranβs Supreme National Security Councilβs 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 Iranβs 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. βNo program has yet been announced for the time, place, or next round of negotiations,β said Nour, Iranβs Supreme National Security Councilβs 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
π(Not a signal)π
(Trade at your own risk)
Gold on H4 is showing a corrective move upward into a key resistance zone around 4,770β4,800 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.
π(Not a signal)π
(Trade at your own risk)
Gold on H4 is showing a corrective move upward into a key resistance zone around 4,770β4,800 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 talksπ¨
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
π(Not a signal)π
(Trade at your own risk)
Price is currently rejecting from the 159.5β160.0 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.
π(Not a signal)π
(Trade at your own risk)
Price is currently rejecting from the 159.5β160.0 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 PPIπ¨
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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GBP/JPY H4 timeframe possible move
π(Not a signal)π
(Trade at your own risk)
GBP/JPY on H4 shows a strong bullish breakout from the previous range, with price impulsively pushing above resistance around the 214.50β215.00 zone. The moving average is sloping upward, supporting bullish momentum, but the current price is slightly extended, suggesting a potential short-term pullback before continuation. If price holds above the breakout zone, a continuation toward 217β218 is likely, while a drop back below could signal a fakeout and return to consolidation.
π(Not a signal)π
(Trade at your own risk)
GBP/JPY on H4 shows a strong bullish breakout from the previous range, with price impulsively pushing above resistance around the 214.50β215.00 zone. The moving average is sloping upward, supporting bullish momentum, but the current price is slightly extended, suggesting a potential short-term pullback before continuation. If price holds above the breakout zone, a continuation toward 217β218 is likely, while a drop back below could signal a fakeout and return to consolidation.
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Sterling today: Pound slips as strong UK GDP fails to lift sentimentπ¨
Sterling and the euro edged lower on Thursday, giving back earlier gains as the dollar found support following a reassessment of recent risk sentiment.
As of 05:58 ET (09:58 GMT), GBP/USD fell 0.2% to 1.3539, while EUR/USD slipped 0.2% to 1.1779.
Official GDP data showed the UK economy expanded by 0.5% in February, well above expectations for a 0.1% increase and following an upwardly revised 0.1% gain in January.
The growth was broad-based, with services activity rising 0.5% month-on-month, industrial production also increasing 0.5%, and construction output jumping 1.0% despite unseasonably wet weather.
Read more:
https://uk.investing.com/news/forex-news/sterling-today-pound-slips-as-strong-uk-gdp-fails-to-lift-sentiment-4611295
Sterling and the euro edged lower on Thursday, giving back earlier gains as the dollar found support following a reassessment of recent risk sentiment.
As of 05:58 ET (09:58 GMT), GBP/USD fell 0.2% to 1.3539, while EUR/USD slipped 0.2% to 1.1779.
Official GDP data showed the UK economy expanded by 0.5% in February, well above expectations for a 0.1% increase and following an upwardly revised 0.1% gain in January.
The growth was broad-based, with services activity rising 0.5% month-on-month, industrial production also increasing 0.5%, and construction output jumping 1.0% despite unseasonably wet weather.
Read more:
https://uk.investing.com/news/forex-news/sterling-today-pound-slips-as-strong-uk-gdp-fails-to-lift-sentiment-4611295
Investing.com UK
Sterling today: Pound slips as strong UK GDP fails to lift sentiment By Investing.com
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