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British Defense Secretary Healy: We have eight fighter jets in Qatar.On March 10, Ukrainian President Volodymyr Zelenskyy posted on his official social media platform that the priorities and full attention of Ukraines partner countries are currently focused on the situation in the Middle East, therefore the meeting originally scheduled for this week at the suggestion of the United States has been postponed. Zelenskyy stated that he held a meeting with the Ukrainian negotiating team that day and instructed them to communicate with the US negotiating representatives: firstly, to reaffirm Ukraines willingness to engage in strategic cooperation on security issues, particularly in the defense of drones; and secondly, to reaffirm Ukraines willingness to undertake substantive work to end the Russia-Ukraine conflict.California Governor Newsom: Are Americans who tout "historically low" oil prices but call those worried about a war with Iran driving up prices "fools"? Trump is a liar with no plan, and he is letting the American people down.On March 10th, US President Trump stated that the US does not rule out the possibility of obtaining oil from Iran. Meanwhile, US officials stated that the war "is aimed at stripping Iran of its nuclear weapons and weakening its deterrent so that it no longer poses a threat to the United States or its Middle Eastern neighbors." Trump stated that he did not want to discuss whether he wanted the US to seize Iranian oil, but added, "Of course, people have talked about it." He referred to Venezuela, where the US launched a raid in January to capture its leader, Maduro. Since then, the Trump administration has taken steps to acquire and develop Venezuelas oil reserves. In his State of the Union address last month, Trump stated that the US had obtained more than 80 million barrels of oil from Venezuela. "Look at Venezuela," Trump said, "People have been thinking about it, but its too early to talk about it now."Standard & Poors Global Ratings stated that the Middle East wars have exacerbated the pressure on the European chemical industry.

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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