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Real-time News
US-Iran-US Conflict: ① Iran 1. Iranian Parliament Speaker: Prepared for both diplomatic and military confrontation. 2. Mashhad Airport in Iran will resume international passenger flights. 3. Iranian Civil Aviation Organization: Iranian airspace will reopen in four phases. 4. Iranian President: Trump has no reason to strip Iran of its nuclear rights. 5. Iranian Parliament Speaker: Conflict nearly reignited during US-Iran negotiations. War could restart at any time. 6. Iranian Foreign Ministry Spokesperson Baghae: The US blockade of Iranian ports and coastline is a violation of the ceasefire and is illegal. 7. According to Irans Tasnim News Agency: Iran arrested four individuals, including two foreign nationals, for alleged involvement in a "spy network." 8. Iranian Vice President: The US position is "erratic," reiterating the crucial importance of control of the Straits of Hormuz. ② US 1. US media: The USS Ford aircraft carrier returns to the Middle East after a brief maintenance. 2. Latest poll: Over 60% of Americans oppose expanding military action against Iran. 3. US President Trump: There is ongoing conflict between moderates and hardliners within Iran. Iran has agreed to many of the terms of the agreement. ③ Israel 1. The Israel Defense Forces (IDF) claims the attack on UNIFIL was carried out by Hezbollah. 2. The IDF claims an airstrike the day before the ceasefire killed over 150 Hezbollah members. 3. The mayor of Tel Aviv, Israel: Iranian airstrikes rendered more than 1,000 apartments in the city uninhabitable. 4. An explosion in southern Lebanon killed one IDF reservist and injured nine others. 5. The Israel Broadcasting Authority, citing sources, reported that Israel is preparing for a possible escalation of the war with Iran. 6. According to Al Jazeera: The Israeli Defense Minister stated that despite the ongoing ceasefire, the Israeli military has been instructed to "go all out" in Lebanon should any forces face any threat. ⑤ Strait of Hormuz 1. The Houthi rebels in Yemen threatened to close the Bab el-Mandeb Strait. 2. UAE officials called for a full and unconditional reopening of the strait. 3. No ships passed through the Strait of Hormuz on the 19th. 4. Iran blocked two oil tankers from passing through the Strait of Hormuz. 5. Iran claims it and its strategic partners control the security of the Strait of Hormuz. 6. German Defense Minister: The German Navy is preparing for a possible deployment in the Strait of Hormuz. 7. Iran plans to enact a law governing the Strait of Hormuz, prohibiting Israeli-related vessels from passing through. 8. US forces attacked an Iranian merchant ship, forcing it to return to port. Trump: US Marines have taken control of Iranian vessels attempting to break through the US blockade. 9. US Central Command confirmed the interception of the cargo ship USS Touska. 10. Iranian parliamentary official: The US must accept a new order in the Strait of Hormuz. ⑥ Ceasefire Negotiations 1. US military transport planes returned to port after landing at a Pakistani airbase. 2. Security tightened in Islamabad; planes carrying US personnel arrived in Pakistan. 3. Turkish Foreign Minister stated that the US and Iran are willing to continue negotiations. 4. According to AFP: US security teams are preparing in Islamabad for talks between the US and Iran. 5. Trump stated that the US and Iran will hold talks in Islamabad on the 20th; media reports differ on whether Vance will participate in the resumption of US-Iran talks. 6. According to ABC News: Trump stated that Iran has seriously violated the ceasefire agreement; he still believes a peace agreement with Iran is possible. 7. Trump stated that his proposed solution is "fair and reasonable" and hopes Iran will accept it, otherwise the US military will bomb Iranian power plants and bridges. 8. According to Irans Tasnim News Agency: Iran has not yet decided to send a negotiating delegation and will not negotiate as long as the naval blockade remains in place. 9. During Pakistani Army Chief of Staff Asim Munirs official visit to Iran, US President Trump spoke with him. 10. Iranian Deputy Foreign Minister: Iran will never hand over enriched uranium to the US. We exchanged information with the US, but the US insists on making excessive demands. 11. US media: The US claims that Vance will lead a delegation to Islamabad to restart negotiations; Iran suspects this is a "surprise attack cover." 12. Iranian media: Iran refuses to participate in the second round of negotiations with the US; reports of a second round of talks between Iran and the US are untrue, and the prospects for negotiations are unclear. ④ Other situations: 1. Spain will demand that the EU terminate its agreement with Israel. 2. Lebanese authorities reopened bridges attacked by Israel. 3. The foreign ministers of Iran and Pakistan spoke by phone to exchange views on the regional situation. 4. Former US Vice President Harris: Trump was "dragged" into the war by Netanyahu. 5. Iraqi officials: Millions of barrels of crude oil exports will be blocked due to the closure of the Strait of Hormuz. 6. UAE officials: The UAE suffered over 2,800 attacks from Iran in the first 40 days of the war, with over 90% targeting civilian facilities. 7. The UAE has begun currency swap negotiations with the US. The UAE has requested wartime financial support from the US.Eli Lilly (Lly.N) is in advanced talks to acquire Kelonia Therapeutics for more than $2 billion.Iranian Foreign Minister Araqchi: Iran will use all its capabilities to ensure security.On April 20, it was reported that on April 19 local time, the Venezuelan government announced that social, political and religious organizations in the country launched a "national pilgrimage" that day, demanding an end to US sanctions against Venezuela and expressing support for peace.Canadian Prime Minister Carney: Starting Monday, we will reduce the fuel consumption tax.

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.