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According to Iranian state media, Irans chief negotiator, Qalibaf, told US President Trump: "If you provoke us, we will fight back; if you treat us with reason, we will treat you with reason."According to Iranian state media, Irans chief negotiator, Qalibaf, stated regarding US President Trumps new threats that such threats have no effect on the Iranian nation.According to Iranian state media, Irans chief negotiator, Qalibaf, stated that Iran has put forward several positive initiatives that fully demonstrate its sincerity, and these initiatives have promoted progress in the negotiations.April 13th - According to the Financial Times, sources revealed that the UK will not participate in the US blockade of the Strait of Hormuz. On Sunday, US President Trump claimed in an interview with Fox News that the US Navy would blockade the vital Strait of Hormuz after the failure of US-Iran peace talks. The US will deploy more minesweepers to the Strait of Hormuz. NATO also "wants to help clear the strait," and according to the source, the UK and other countries are also sending minesweepers. A British government spokesperson stated that day: "We continue to support freedom of navigation and the openness of the Strait of Hormuz, which is crucial to supporting the global economy and alleviating the cost of living domestically. There must be no tolls on navigation in the Strait of Hormuz. We are working urgently with France and other partners to form a broad coalition to protect freedom of navigation."A British government spokesperson stated that no fees should be charged for passage through the Strait of Hormuz.

Two Trades to Watch: DAX, GBP/USD

Jimmy Khan

May 07, 2022 10:43


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The DAX is falling as industrial output declines.


After a slaughter on Wall Street that saw the Nasdaq finsh 5% down, European equities have begun in the red, extending losses from the previous day.


Fears of inflation, stagflation, and recession are weighing on the market as we approach the weekend. The DAX is expected to shed 1.4 percent this week, marking the fifth consecutive week of losses.


In March, German industrial output decreased -3.9 percent on a month-over-month basis, down from 0.2 percent in February and considerably below the -1 percent drop forecast. The negative report comes on the heels of a sharp drop in German manufacturing orders in March. The data represents the economic effect of the Russian conflict on Germany and the Eurozone as a whole.


Germany does not have any additional statistics due today. Sentiment and the US NFP announcement will affect European indexes.

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