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US-Israel-Iran Conflict: ① Iran 1. An Iranian military spokesperson claimed to have shot down at least one of the enemys most advanced fighter jets. 2. An Iranian military spokesperson stated, "We are prepared for a protracted war." 3. The head of Irans forensic organization stated that more than 3,000 people have died nationwide during the conflict. 4. Irans Deputy Foreign Minister stated that Irans participation in negotiations is contingent on Israel ceasing its attacks on Lebanon. 5. Iran decided to fully and formally resume operations for all gold trading units nationwide starting Saturday. 6. Iranian Parliament Speaker Ghalibaf stated that violating the ceasefire agreement would result in clear costs and consequences. 7. A senior Iranian source stated that Irans demands include the US unfreezing Iranian assets within two weeks. 8. Irans Deputy Foreign Minister stated that an Iranian delegation will travel to Islamabad to participate in negotiations. 9. Mojtaba Khamenei posted a message commemorating Irans late Supreme Leader. 10. Iranian officials stated that negotiations would be impossible if Israels attacks on Lebanon continued. 11. The Iranian Revolutionary Guard stated that no (missile) launches were conducted during the ceasefire. 12. Kamal Kharrazi, chairman of Irans Strategic Council on Foreign Relations, died from his injuries. ② United States 1. Trump asked Netanyahu to reduce bombing operations in Lebanon during a phone call. 2. US officials revealed that the State Department will hold a meeting next week to discuss progress in ceasefire negotiations with Israel and Lebanon. 3. The US lost eight Reaper drones in the Middle East this month. 4. US Deputy Secretary of State Landau summoned Iraqi Ambassador to the US Nizar Hirullah today, strongly condemning attacks on US diplomatic personnel and facilities launched by Iraqi militias. 5. Trump said he had asked Netanyahu to be "more discreet" in his actions in Lebanon. ③ Israel 1. Israel Defense Forces: Expanded ground operations in southern Lebanon over the past week. 2. According to Reuters: The Israeli military claims to have killed Hezbollah leader Naeem Qassem, though Hezbollah has not yet confirmed this. 3. Israel launched airstrikes on the town of Mansouri in the Sur region of southern Lebanon. 4. The Israeli security cabinet has reportedly approved the construction of new settlements in the West Bank. 5. Netanyahu: Has instructed that direct negotiations with Lebanon begin as soon as possible. ④ Other situations: 1. Pakistani Ambassador to the United States: Lebanon is part of the ceasefire agreement between Iran and the United States. 2. Spanish Prime Minister: Demands Lebanon be included in the ceasefire. 3. British Foreign Secretary Cooper: Shipping in the Strait of Hormuz must be toll-free. Lebanon must be included in the ceasefire agreement. 4. EU High Representative for Foreign Affairs and Security Policy Karas: The Iranian ceasefire should extend to Lebanon. 5. The Lebanese government has banned non-state weapons in Beirut. 6. Pakistan plans to push for a ceasefire with Lebanon and Yemen, which will be resolved in the US-Iran talks. 7. Houthi leader: The operation will escalate further, and surprise actions may be taken depending on the battlefield situation. 8. Saudi Ministry of Energy: Attacks on oil facilities have reduced daily production by 600,000 barrels. ⑤ Strait of Hormuz 1. Iranian Deputy Foreign Minister: Reports of the Strait of Hormuz being closed are incorrect; passage requires permission. 2. CEO of Abu Dhabi National Oil Company (ADNOC): The longer the Strait of Hormuz remains closed, the more severe the consequences will be: supply disruptions, tighter markets, and rising oil prices. 3. EU: Freedom of navigation means no fees or transit charges. Whether companies pay fees is their own decision. 4. Shipping data shows that in the past 24 hours, one oil product carrier passed through the Strait of Hormuz; two Iranian-flagged oil tankers passed through the Strait of Hormuz; and five bulk carriers passed through the Strait of Hormuz. 5. Russian media: Iran allows no more than 15 ships to pass through the Strait of Hormuz daily. 6. German Chancellor Merz: Germany will support maritime operations in the Strait of Hormuz if authorized. 7. US President Trump: Oil will soon start flowing, with or without Iranian help. Iran had better not collect transit fees from the strait.April 10th - According to information obtained from the Iranian Islamic Revolutionary Guard Corps (IRGC) early on the 10th local time, Iran has not launched any missiles at any country since the ceasefire agreement took effect. In a statement, the IRGC said that several news agencies have reported in recent hours that facilities in some countries along the southern coast of the Persian Gulf have been attacked by drones and missiles, while Iran has not launched any missiles at any country during the ceasefire. If the media reports are true, then "it is undoubtedly the work of the United States or Israel."Google: Fitbit health coaching service expands to 37 countries/regions.The White House has warned its employees against placing bets in forecasting markets in light of the war with Iran.The Iranian Revolutionary Guard stated that no missile launches were conducted during the ceasefire.

Price Analysis of the US Dollar Index: DXY Retreats from 104.00, Rising Wedge Anticipated

Alina Haynes

May 12, 2022 10:27

During Thursday's Asian session, the US Dollar Index (DXY) fails to continue the previous two days' upward momentum, trading on the defensive around 103.95.

 

In doing so, the dollar index remains near the 20-year high reached earlier in the week, but for the first time in three days, the daily decline is recorded.

 

In addition to highlighting a 12-day-old rising wedge bearish pattern surrounding the multi-day top, the DXY's most recent decline also reveals a multi-day top-adjacent rising wedge formation. The slow RSI also highlights the significance of the chart pattern.

 

However, a decisive breach below 102.90 is required to validate the potential decline to 101.30.

 

During the fall, the 100-SMA and monthly low between 102.65 and 102.35 will serve as intermediate stops.

 

Until the quote continues below the indicated wedge's resistance line, approximately 104.30 as of press time, a recovery appears elusive.

 

After that, a slow climb to the September 2002 high of 109.80 cannot be ruled out.

Four-hour DXY chart

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