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On August 30th, according to a report by Axios, citing sources familiar with the matter, CIA Director John Ratcliffe, during a secret visit to Moscow earlier this week, proposed a trilateral summit between US President Donald Trump, Russian President Vladimir Putin, and Ukrainian President Volodymyr Zelenskyy to push for an end to the Russia-Ukraine conflict. Sources said that part of Ratcliffes visit was to assess whether the head of Russian intelligence could persuade Putin to return to the US-mediated peace talks between Russia and Ukraine. This marks Ratcliffes first involvement in diplomatic efforts to achieve a breakthrough in Russia-Ukraine relations. The report stated that US officials briefed Zelenskyy on Ratcliffes talks in Moscow on Friday (August 28th) and the proposal for a trilateral summit between the US, Russia, and Ukraine.Conflict Situation: 1. Israel launches attacks in southern Lebanon. 2. Iran claims to have destroyed a US-Israeli "terrorist group" within its territory. 3. Iranian Army Commander-in-Chief: The enemy failed to achieve its war objectives; Iran has won. 4. Palestinian residents attempting to protect their properties are attacked by Israeli settlers. 5. NBC News team is attacked and beaten with sticks by Israeli settlers in the West Bank. 6. Israel Defense Forces: A Noukba company commander and a Hamas sniper are killed in the Gaza Strip. Strait of Hormuz: 1. Irans Deputy Foreign Minister states there is no rush to reopen the Strait of Hormuz. 2. Iran claims the Strait of Hormuz is "completely closed": all transit vessels have received Iranian permission. 3. Bessant claims 130 million barrels of crude oil are being channeled through the strait; Iranian Parliament Speaker: This is a lie. 4. According to Irans Press TV: Security sources indicate that claims about large quantities of oil being transported through the southern route of the Strait of Hormuz are inconsistent with the actual situation. Claims that the US is transporting oil through the southern Strait of Hormuz are part of a US strategy to lower energy prices. Other matters: 1. Iran says US military bases in the region are only for protecting Israel. 2. US Central Command says approximately 50,000 US troops are deployed in the Middle East. 3. The US military plans to punish the sailors who jumped aboard the USS Lincoln. 4. Iranian media: $7.5 billion in oil revenue has been transferred to the Central Bank of Iran. 5. Qatari and Turkish foreign ministers spoke by phone to discuss easing tensions in the Middle East. 6. Iranian Foreign Minister: US government officials are manipulating the energy market for personal gain. 7. US sanctions against Egyptian banks UAE branch; UAE Central Bank to conduct emergency inspection. 8. Israels National Security Agency: Previously, they urgently "rescued" Netanyahus eldest son from the US. 9. US Embassy in Lebanon: Hezbollah continues to refuse to negotiate with the US and Israel on disarmament. 10. Iranian government statement: Iran pledges to resolutely resist US sanctions; diplomacy and defense are "complementary and inseparable."August 30th - A press conference on the "8.26" mudslide disaster in Gyirong, Tibet, was held today (August 30th) in Gyirong Town. On the morning of August 26th, a mudslide on the Nepalese side caused significant casualties and missing persons at the Gyirong Port in Gyirong County, Shigatse City, Tibet. Analysis indicates that the most prominent risk hindering the disaster response was the landslide dam located above the core area of the border crossing. The dam has already overflowed and is currently in stable condition, with a low probability of a complete collapse.On August 30th, a press conference was held in Gyirong Town, Tibet, regarding the "8.26" mudslide disaster. On the morning of August 26th, a mudslide occurred on the Nepalese side, causing significant casualties and missing persons at the Gyirong Port in Gyirong County, Shigatse City, Tibet. The conference explained that this disaster was caused by glacial instability due to long-term climate warming. The disaster was sudden, with a large peak flow, rapid movement, strong destructive power, and a wide impact area, representing a new and significant characteristic of cryosphere disasters in the Qinghai-Tibet Plateau and surrounding areas. Monitoring revealed that the ice avalanche took only about 6 to 7 minutes from its occurrence to its impact on the Gyirong Port in my country.On August 30, it was learned from a press conference held by the Information Office of the Peoples Government of Tibet Autonomous Region that, through a joint comprehensive search and comparison of clues conducted by multiple departments including foreign affairs, public security, culture and tourism, and emergency response, 261 missing foreign nationals have been identified in the investigation of the Gyirong landslide disaster in Tibet. These individuals come from 23 countries: Kazakhstan (1), Malaysia (3), Nepal (104), India (49), South Africa (4), Ireland (2), Estonia (2), Germany (3), Russia (3), France (2), Finland (1), Netherlands (2), Latvia (33), Lithuania (1), Portugal (1), Ukraine (1), Spain (1), Hungary (1), United Kingdom (15), Canada (6), United States (18), Australia (6), and New Zealand (2). The Chinese side has notified the relevant embassies and consulates in China.

Price Analysis: EUR/JPY Daily Rising Wedge Targeting 143.00

Daniel Rogers

Nov 23, 2022 16:01

 截屏2022-11-23 上午9.53.21.png

 

The EUR/JPY continues to consolidate within an ascending wedge, after ending Tuesday with tiny losses of 0.04% due to a risk-on sentiment. At the start of the Asian trading session, the EUR/JPY exchange rate is 145.48, representing a slight gain of 0.01%.

 

As noted previously, a rising wedge emerged on the EUR/JPY daily chart, with the bulk of daily lows acting as dynamic support after the 50-day Exponential Moving Average (EMA). In spite of the fact that the cross continues to move steadily, there has been less price action during the past four days. This would suggest that the EUR/JPY exchange rate is stable or that a breakout is near.

 

If the EUR/JPY reaches 146.00, it could accelerate a rally toward the year-to-date (YTD) highs near 148.40; however, buyers must first overcome crucial resistance levels. The first is the rising wedge top trendline close to 146.50, followed by the 9 November daily high at 147.11. After the psychological 148.00 is reached, the next objective will be 149.00.

 

If the EUR/JPY breaks below the rising wedge, the 50-day exponential moving average (EMA) around 144.12 would provide first support. A breach of this level will expose the 143.00 level, followed by the November 11 swing low of 142.54.