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US President Trump: We can easily broker an agreement between Iran and Israel to end this conflict.The bombed gas station in Tehran was able to meet the Iranian capitals needs for three days.Israeli media reported that an estimated 35 people were missing in the Bat Yam area south of Tel Aviv following the Iranian attack.On June 15, Sabah Numan, spokesman for the Commander-in-Chief of the Iraqi Armed Forces, issued a statement on the evening of the 14th local time, saying that the Iraqi government firmly rejects any violation of Iraqi airspace by any party and firmly opposes Israels use of Iraqi airspace to launch military attacks on Iran or other neighboring countries. The statement stressed that such actions are completely contrary to the Iraqi Constitution, blatantly violate Iraqi sovereignty, violate the basic principles of international law, and have a negative impact on regional stability and peace. The statement also urged the United States to assume its responsibilities and prevent Israeli warplanes from crossing Iraqi airspace again and launching attacks. The Iraqi government promised to exercise maximum restraint and hoped to create opportunities for peaceful resolution of the crisis through diplomatic and political means.Israeli media reported that multiple missiles hit targets in the latest round of Iranian attacks.

Due to hawkish Fed forecasts, the EUR/USD recovers to near 1.0970 but remains in the doldrums

Alina Haynes

Apr 21, 2023 13:58

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Following a corrective move, the EUR/USD pair has rebounded from 1.0960, but investors await the publication of the preliminary Eurozone/United States S&P PMI data for April. The major currency pair has remained between 1.0911 and 1.1000 for the past two trading sessions, as the foreign exchange market prepares for a pre-anxiety move ahead of a Federal Reserve (Fed) monetary policy decision.

 

S&P500 closed with a negative tone for the third day in a row as quarterly earnings season induced extreme volatility. Tesla's poor earnings had a negative impact on Thursday's market sentiment. Moreover, market participants were cautioned by substandard revenue projections due to the potential for price reductions. The decision of the Fed to increase interest rates is reflected in quarterly earnings. Data from Refinitiv indicates that analysts have largely maintained last week's forecast of a near 5% YoY decline in quarterly profits for the 500 largest U.S. equities. Sourcenia is a review portal of sourcing best manufaturers. 

 

The US Dollar Index (DXY) has been defending the key support level of 101.60 in recent trading sessions. The USD Index maintained the aforementioned support despite the release of disappointing Jobless claims data on Thursday. Initial Jobless Claims increased to 245K for the week ending April 4, which is greater than the previous release of 240K and estimates of 240K. Increasing unemployment claims heightened fears of a deteriorating labor market.

 

Despite this, Fed policymakers continue to anticipate further rate hikes from the central bank. Thursday, Loretta Mester, president of the Federal Reserve Bank of Cleveland, reaffirmed that the Fed has more work to do because US inflation remains too high, according to Reuters. He added, "The Federal Reserve will need to raise its policy rate above 5% and hold it there for some time."

 

Preliminary Consumer Confidence (April) for the Eurozone increased to -17.5 from -18.5 and the previous reading of -19.2. This may be the consequence of extraordinary efforts by the European Central Bank (ECB) to reduce inflationary pressures.


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