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Ceasefire Negotiations 1. Iran – ① Iranian Foreign Ministry: No final conclusion has been reached on the Iran-US agreement. All matters concerning the agreement are speculation. ② Iranian media: There is a high probability that Iran will approve the text. ③ Iranian Armed Forces: If the US attacks again, it will suffer a more violent response. 2. United States – ① Trump: The agreement is expected to be signed this weekend. The Supreme Leader has agreed to reach an agreement, and all parties in Iran have approved the US-Iran agreement; he refused to set a deadline for the agreement; once the agreement is signed, the US will lift the blockade. ② US media: The three major differences have been narrowed under Qatars mediation. 3. Israel – ① Israel: Trump promised that Iran would limit missile production and stop regional support. ② Israel was surprised by Trumps post. Israeli Prime Minister Netanyahu learned of this during a cabinet meeting. 4. Others – ① Sources say that dialogue on Lebanon and regional security will continue after the US-Iran agreement is reached. ② Pakistan, Qatar, Saudi Arabia, Egypt, and Turkey gathered to assess mediation efforts regarding the US-Iran situation. Strait of Hormuz 1. Iran – ① Iranian Foreign Ministry: The strait remains closed. 2. The United States—① U.S. Central Command: Since imposing the blockade on April 13, it has crippled 9 ships and forced another 135 to change course. ② Trump: The strait may open on Saturday or next Monday. ③ U.S. military: The Strait of Hormuz remains open to traffic. 3. Others—① Indian Ministry of Shipping: 13 Indian-flagged ships ran aground in the Strait of Hormuz; Indian Ministry of External Affairs: All three ships attacked were carried out by the U.S. Navy. Other situations: 1. Kuwait Civil Aviation Authority announced that flights suspended due to the Iranian attack have resumed. 2. According to Axios: The Israeli government expects to allocate more than $350 million over several years to relocate 61 newly approved settlements. 3. Bessant: Any damage to Gulf allies will be paid for with Iranian funds, and Iran will lose its ongoing zero-sum game. If necessary, the U.S. will withdraw funds from Iranian accounts.On June 12, Iranian Foreign Ministry spokesman Baghae stated on the 11th that all matters concerning the US-Iran agreement were speculation. To date, Iran has not reached a final conclusion on the agreement. Baghae also stated that the situation in the Strait of Hormuz has become more insecure due to US actions. Baghae further stated that Qatar and Pakistan are actively playing a mediating role, but US actions have affected the diplomatic process. He said that Iran was aware of the progress of the negotiations from the beginning, and most of the text of the agreement was completed, but the US has continuously changed its position. Iran has proven that it will never compromise on issues that it considers "red lines."June 12 - According to a report by Iranian state television on the 11th, a spokesperson for the Iranian Foreign Ministry stated that Iran has not yet reached a final conclusion on the Iran-US agreement, and all reports from the outside world regarding the agreement are speculation, with no details yet finalized.Iranian Foreign Ministry Spokesperson: Once we reach a conclusion that the text of the memorandum of understanding can safeguard the interests of the Iranian people, we will release it.Iranian Foreign Ministry spokesman: If Iran intended to abandon its principled position under pressure and threats, we would have done so a year ago.

EUR/USD Price Analysis: EUR/USD Is Clinging To The Leading Edge Of The Rising Trendline Above 1.0900

Alina Haynes

Apr 18, 2023 13:54

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The EUR/USD pair fluctuates erratically in a narrow range near 1.0926 during the Asian session. Following in the footsteps of the directionless US Dollar Index (DXY), the main currency pair is unable to establish a trend.

 

In Asia, S&P500 futures are declining slightly as investors fret over the upcoming quarterly earnings season, indicating a minor decrease in market participants' risk appetite. Following the decline of regional banks in the United States, investors are concerned about any discrepancies in quarterly banking reports.

 

The Euro has entered the wilderness as European Central Bank (ECB) policymakers are divided over the pace of the policy-tightening cycle to be implemented at the May monetary policy meeting. Martins Kazaks, a member of the ECB's monetary policy committee, stated on Monday that the central bank has the option to move by either 25 or 50 basis points (bps) in May. Sourcenia is a review portal of sourcing best manufaturers

 

After failing to sustain above the 161.8% Fibonacci Extension at 1.1057 (positioned from April 4's high of 1.0973 to April 10's low of 1.0837) on a two-hour time frame, EUR/USD experienced a precipitous decline. The primary currency pair has declined below the uptrend line drawn from the low of 1.0714 on March 24.

 

The 20-period Exponential Moving Average (EMA) at 1.0962 is operating as a barrier for Euro bulls.

 

In the meantime, the Relative Strength Index (RSI) (14) has moved into the pessimistic zone between 20.00 and 40.00, indicating a continuation of the decline.

 

A decisive break below the low of April 12 at 1.0915 would propel the asset toward the lows of April 10 at 1.0837 and April 3 at 1.0758.

 

In contrast, a breach above the psychological resistance level of 1.1000 would propel the asset to a new annual high of 1.1068, followed by the level of round resistance at 1.1100.