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๐Ÿ•Š Trump instructs aides to prepare for extended blockade of Iran to compel nuclear capitulation

Trump has decided to continue "squeezing Iran's economy and oil exports" through a prolonged blockade of the Strait of Hormuz.

He views resuming bombing or withdrawing from the conflict as riskier than maintaining the blockade.

The ongoing blockade is expected to push US gas prices even higher.

It has also caused the lowest number of transits through the Strait since the Iran War began, now marking two months.

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CryptoFlash
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The US has spent over $65 billion on the military operation against Iran, with a current rate of $11,500 per second.

Trump plans to request at least $200 billion more from Congress for the war with Iran.

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CryptoFlash
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โšก๏ธ JUST IN: Iran has warned of unprecedented military action against continued U.S. seizures of Iran-linked vessels.

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CryptoFlash
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โšก๏ธ JUST IN: Trump has discussed with US oil companies a plan to potentially continue the US โ€œblockadeโ€ of the Strait of Hormuz for months.

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CryptoFlash
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โšก๏ธ JUST IN: Senate Banking Committee approves Kevin Warsh for Fed Chair nomination by Trump

Kevin Warsh, nominated by Trump for Fed Chair, has been approved by the Senate Banking Committee and will move to a full Senate vote.

Jerome Powell will hold his final Fed press conference as Chair today at 2:30 PM ET.

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CryptoFlash
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โšก๏ธ JUST IN: US Central Command has prepared a plan for a short and powerful wave of strikes likely targeting Iranian infrastructure.

Trump believes this would break the negotiating deadlock.

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CryptoFlash
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๐Ÿšจ FOMC in 10 minutes

Rate decision drops shortly, followed by the statement.

Powell speaks at 8:30 PM ET in what is expected to be his last press conference as Fed Chair.

How do you think the market reacts?

โค๏ธ Up
๐Ÿ”ฅ Down

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CryptoFlash
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โšก๏ธ JUST IN: Fed leaves interest rates unchanged in Jerome Powell's final policy decision as Chair.

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CryptoFlash
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โšก๏ธ JUST IN: Powell said he will not leave until the DOJ probe is fully complete and will continue as governor for an unspecified time, keeping a low profile.

He noted verbal criticisms by elected officials are acceptable but legal actions by the administration are unprecedented and worry attacks are harming the institution, stressing the importance of a politically independent Fed.

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CryptoFlash
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Traders currently assign a 0% probability to a Fed rate cut at the next FOMC meeting, according to CME Fedwatch.

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CryptoFlash
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Trump posted a picture calling it the "Trump Strait" not the Strait of Hormuz.

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CryptoFlash
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You've probably heard it 100 times, but doing NOTHING is the best skill you can develop as a trader.

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CryptoFlash
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๐ŸŽฏ Quant Signals Performance Summary

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XAUUSD +2.1R
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CryptoFlash
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Nokia reaches a 16-year high.

Did they pivot to AI or something?

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CryptoFlash
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โšก๏ธ JUST IN: The White House is in active talks with lawmakers ahead of the deadline to seek a 30-day authorization for continued Iran war operations.

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CryptoFlash
โšก๏ธ JUST IN: March PCE inflation, the Fed's preferred measure, rises to 3.5%, the highest since August 2023.

Core PCE inflation climbs to 3.2%, the highest since November 2023.

In the first month of the Iran War, US inflation reached a 3-year high. April's data will be closely watched.

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CryptoFlash
โšก๏ธ JUST IN: Japan confirms Yen-buying intervention in currency market

Japan has once again intervened in the currency market by conducting a Yen-buying operation.

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CryptoFlash
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โšก๏ธ JUST IN: Trump is considering reopening the Strait of Hormuz while keeping the Iran port blockade and working with allies to increase pressure on Tehran, a senior official says.

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CryptoFlash
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The US State Department is finalizing a plan to include Trump's photo in US passports.

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CryptoFlash
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โšก๏ธ JUST IN: Alphabet has added +$420 billion in market cap today and is now just 6% away from surpassing Nvidia as the worldโ€™s most valuable public company.

Alphabet is on track to post the largest single-day market cap gain in history.

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CryptoFlash