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On November 28th, U.S. Department of Homeland Security officials stated on Thursday that President Trump has ordered a comprehensive review of asylum cases approved during former President Bidens administration and green cards issued to citizens of 19 countries. According to official disclosures, the Afghan immigrant suspect who shot two National Guard members in Washington, D.C. on Wednesday entered the United States through the refugee resettlement program implemented in 2021. Hours after the shooting that seriously injured two guards, U.S. Citizenship and Immigration Services (USCIS) announced an immediate and indefinite suspension of all immigration applications from Afghan nationals. On Thursday, the Department of Homeland Security further stated that the review will be expanded to include all asylum cases approved during the Biden administration. USCIS Director Edlow stated in a statement that a "comprehensive and rigorous review of every green card issued to every foreign national from all countries of concern" is being initiated in accordance with Trumps request. While no specific list of countries was specified, USCIS pointed to Trumps June travel ban on 19 countries, including Afghanistan, Burundi, Laos, Togo, Venezuela, Sierra Leone, and Turkmenistan.Ukrainian President Zelenskys senior aide Yermak: As long as Ukrainian President Zelensky is in office, no one can expect us to give up territory.On November 28th, it was reported that Bank of Americas systemic importance was upgraded by the Financial Stability Board (FSB), meaning it will face higher capital requirements. In the FSBs list of Global Systemically Important Banks (GSIBs), the bank was moved to the third highest tier. The additional capital buffer required by the company increased from 1.5% to 2%. Deutsche Bank was downgraded one tier, with its additional capital requirement decreasing to 1%. Aside from these changes compared to the previous year, there were no other adjustments.On November 28th, the British government announced a postponement of sanctions against the international operations of Russias Lukoil company, the latest example of Western countries taking a cautious approach towards the energy giant. The UKs Financial Sanctions Enforcement Office stated that the grace period for sanctions against Lukoil International Limited and its subsidiaries will be extended to February 26th next year. The sanctions were originally scheduled to take effect at midnight on November 28th. Lukoil, along with another Russian energy giant, Rosneft, was also sanctioned by the United States in October, with some of those sanctions also receiving extensions.Hang Seng Index futures closed down 0.03% at 25,935 points in overnight trading, 11 points lower than the benchmark.

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.