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Sources say Mexico is assessing whether to halt oil shipments to Cuba due to fears of U.S. retaliation.Iran’s international internet service will be fully restored within the next 24 hours.On January 24th, Politico, citing three sources familiar with the matter, reported that the Trump administration is weighing new measures to push for regime change in Cuba, including a complete blockade of oil imports from the Caribbean nation. Two of the sources indicated that this escalation was pushed by some within the administration who are critical of the Cuban government and has the support of Secretary of State Rubio. No decision has yet been made on whether to approve the measure, but they added that it could be included in a package of options presented to Trump aimed at forcing the Cuban government to step down. Blocking crude oil shipments to Cuba would go further than Trumps statement last week, when he said the U.S. would block Cuba from importing oil from Venezuela, which has previously been Cubas main crude oil supplier.According to Politico: The Trump administration is considering imposing a maritime blockade to prevent Cuba from importing oil.On January 24th, local time, delegations from Russia, the United States, and Ukraine began negotiations in Abu Dhabi, United Arab Emirates, on the 23rd. The first round of talks was held behind closed doors and not open to the media. Ukrainian President Volodymyr Zelenskyy stated in his evening video address on the 23rd that the three delegations were in talks, with the Ukrainian delegation providing him with updates almost hourly. Zelenskyy pointed out that this trilateral meeting was very important because such a format of trilateral talks had not been seen for a long time. Zelenskyy stated that the current focus of the negotiations was on the specific conditions for ending the conflict. He indicated that Ukraines position was clear, and he had already established a framework for dialogue for the delegations.

The EUR/USD Price Analysis Is Supported By Rebounds From 1.0840-45

Alina Haynes

Apr 11, 2023 14:37

EUR:USD.png 

 

On Tuesday morning, the EUR/USD reaches a new intraday peak near 1.0880 as bulls attempt to regain control following a two-day downtrend. Consequently, the Euro-U.S. dollar pair recovers after the convergence of the 100-day simple moving average and a two-week-long ascending support line.

 

However, the recovery movements of the major currency pair remain elusive unless the quote remains below the 13-day-old horizontal resistance area surrounding 1.0930.

 

A one-week-old descending trend line near 1.0900 is protecting the EUR/USD pair's near-term upside at press time.

 

In the event that the EUR/USD pair maintains strength above 1.0930, the 1.0975 monthly high may serve as the last line of defense for pair sellers before pushing the price to February's high of 1.1033.

 

Alternately, a breach of the 1.0840-45 support confluence would drive the price to the 1.0788 monthly low without hesitation.

 

Future EUR/USD skeptics may be challenged by the 50% and 61.8% Fibonacci retracement levels of the pair's March-April upswing, respectively near 1.0745 and 1.0690.

 

To restore market confidence, supporters of the EUR/USD must surpass 1.0930. The quote remains on the bears' radar despite the fact that 1.0845-40 limits the near-term decline.


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