Is Trump taking US into a new Gulf War? | Inside Story
The Dollar Dump is here! Mr Dollah! US strike Iran’s Generals dead.
America’s roundup: Dollar dips against Japanese Yen after U.S. air strike in Iraq, Wall street slips, Gold jumps to four-month peak, Oil jumps on escalation risk in middle east-january 4th,2020
Market Roundup
• US Dec ISM NY Business Conditions 39.1%, 50.4% previous
• US Dec ISM-New York Index 869.0, 874.5 previous
• US Dec Construction Spending (MoM) 0.6%, 0.3% forecast, 0.1% previous
• US Dec ISM Manufacturing Employment 45.1, 46.6 previous
• US Dec ISM Manufacturing New Orders Index 46.8, 47.2 previous
• US Dec ISM Manufacturing PMI 47.2, 49.0 forecast, 48.1 previous
• US Dec ISM Manufacturing Prices 51.7, 47.5 forecast, 46.7 previous
Looking Ahead - Economic Data (GMT)
• No significant data
Looking Ahead - Events, Other Releases (GMT)
• No significant events.
Currency Summaries
EUR/USD: The euro was little changed against the U.S. dollar on Friday, as dismal economic news from Europe and the UK kept investors cautious. Investor focus has now turned to the minutes of the Federal Reserve’s Dec. 10-11 policy meeting, due at 1900 GMT on Friday. The euro was last trading down at 0.01 percent at $1.1171. Immediate resistance can be seen at 1.1239 (Dec 31st high), an upside break can trigger rise towards 1.1300 (Psychological level).On the downside, immediate support is seen at 1.1138 (11 DMA), a break below could take the pair towards 1.1100 (Psychological level).
GBP/USD: The British slipped lower against dollar on Friday, as after downbeat data on construction and consumer demand and heightening worries for an economy showing no sign of emerging from Brexit-linked gloom. The pound also fell to a one-month low versus the yen as investors hunkered down in safe-haven assets such as the yen and gold following the U.S. killing of an Iranian commander which threatened to fuel fresh conflict in the Middle East . Sterling fell as low as $1.3054 before trimming its losses to stand half a percent lower at $1.3086 by 1756 GMT. Immediate resistance can be seen at 1.3163 (Daily high), an upside break can trigger rise towards 1.3254 (Jan 2nd high).On the downside, immediate support is seen at 1.3052 (11 DMA), a break below could take the pair towards 1.3000 (Psychological level).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Friday after escalation of geopolitical tensions in the Middle East boosted safe-haven assets, including the greenback. The U.S. dollar rose against a basket of other major currencies, stocks fell globally and U.S. oil prices surged 3.7% after a U.S. air strike killed a top Iranian commander in Iraq, ratcheting up tensions between the two powers. The Canadian dollar was trading nearly unchanged at 1.2984 to the greenback. Immediate resistance can be seen at 1.3018 (5 DMA), an upside break can trigger rise towards 1.3083 (11 DMA).On the downside, immediate support is seen at 1.2949 (Jan 2nd low), a break below could take the pair towards 1.2900 (Psychological level).
USD/JPY: The dollar was declined against the Japanese yen on Friday, as investors switched to the safe-haven assets after a senior Iranian military official was killed in an air strike conducted by the United States. Tensions flared after Iranian Major-General Qassem Soleimani, head of the elite Quds Force, and top Iraqi militia commander Abu Mahdi al-Muhandis were killed in the air strike on their convoy at Baghdad airport. On the trade front, U.S. and China are due to sign an interim deal on Jan. 15, but investors await details regarding the fine print of the agreement. Strong resistance can be seen at 108.69 (5 DMA), an upside break can trigger rise towards 109.11 (11 DMA).On the downside, immediate support is seen at 107.89 (Daily low), a break below could take the pair towards 107.00 (Psychological level).
Equities Recap
European shares slipped from near record highs on Friday after a U.S. air strike in Iraq killed a top Iranian commander and fanned tensions in the Middle East, with a surge in oil prices hammering airline stocks.
The UK's benchmark FTSE 100 closed down by 0.04 percent, Germany's Dax ended down by 1.25 percent, and France’s CAC finished the up by 0.04 percent.
Wall Street’s major indexes fell from record highs on Friday after a U.S. air strike in Iraq killed a top Iranian commander, sharply escalating geopolitical tensions in the Middle East and sending investors scurrying to safe-haven assets.
AT ( GMT 1836),Dow Jones closed down by 0.68 percent, S&P 500 ended down at 0.54 percent, Nasdaq finished the day down by 0.54 percent.
Treasuries Recap
U.S. Treasury yields fell sharply on Friday on safety buying after a U.S. air strike killed Iran Quds Force chief Qassem Soleimani, increasing tensions between the two countries.
Benchmark 10-year note yields were last 1.821%, after falling as low as 1.795% overnight, which was the lowest since Dec. 12. They closed at 1.882% on Thursday.
Commodities Recap
Gold prices surged on Friday to a four-month peak, racing past the key $1,550 an ounce level after a U.S. air strike in Iraq killed the commander of Iran’s elite Quds Force, prompting a rush into safety assets.
Spot gold rose 1.4% to $1,549.63 per ounce as of 10:29 a.m. ET (1529 GMT), having risen to $1,551.36 earlier in the session, its highest since Sept. 5.U.S. gold futures rose 1.6% to $1,552.30 per ounce.
Oil prices jumped to the highest level in more than three months on Friday after the U.S. killed a top Iranian military commander in Iraq, sparking fears that escalating conflict in the region could disrupt global oil supplies.
Brent crude was up 3.6% or $2.40 a barrel by 11:15 a.m. ET (1616 GMT) at $68.65, just off the session peak of $69.50 a barrel, highest since mid-September when Saudi oil facilities were attacked.
West Texas Intermediate (WTI) crude was up $2.14 or 3.5% at $63.32 a barrel. The session high was $64.09 a barrel, its highest since April 2019.
Source: FxWire Pro - Media Round Ups
04-January-2020 02:49:27
PHIDCON on Twitter
Before Donald Trump vs. Iran
— PHIDCONTRADES (@phidcon) January 3, 2020
Before the bombs crushing down from World War 3
Let's do some counting on GPBUSD#ELLIOTWAVES#GBP#USD#Forex#Forextrading#TechnicalAnalysis#Phidcon#WorldWar3 pic.twitter.com/0apwl2OAV9
US Gold Price, Japanese Yen and Swiss Franc Rise After US Strike on Baghdad Airport
Today US Dollar Rate in Pakistan And Gold Latest News PKR to US Dollar Gold Price in Pakistan Full
https://www.youtube.com/watch?v=1GM_BB2QZD8EUR/USD Technical Analysis for January 06, 2020 by FXEmpire
Dramatic escalation with airstrike in Iraq l ABC News
Iraq’s PM warning of WAR!
BAGHDAD: Iraqi Prime Minister Adel Abdul Mahdi condemned on Friday the “assassination” of Iranian Quds Force commander Qassem Soleimani and Iraqi militia commander Abu Mahdi al-Muhandis in a US air strike in Baghdad.
The air strike on Baghdad airport is an act of aggression on Iraq and breach of its sovereignty that will lead to war in Iraq, the region, and the world, he said in a statement.
The strike also violated the conditions of US military presence in Iraq and should be met with legislation that safeguards Iraq’s security and sovereignty, he added.
He called on parliament to convene in an extraordinary session. - REUTERS
Sergio Siano🗽 on Twitter
https://twitter.com/siano4progress/status/1212927294525849600Donald J. Trump on Twitter
....and more control over Iraq, and the people of Iraq are not happy with that. It will never end well!
— Donald J. Trump (@realDonaldTrump) January 3, 2020
Donald J. Trump on Twitter
The United States has paid Iraq Billions of Dollars a year, for many years. That is on top of all else we have done for them. The people of Iraq don’t want to be dominated & controlled by Iran, but ultimately, that is their choice. Over the last 15 years, Iran has gained more....
— Donald J. Trump (@realDonaldTrump) January 3, 2020
Defense Secretary: Iran May Attack US Interests; Julián Castro Ends Presidential Campaign | NTDTV
Michael O'Grady on Twitter
#Schiff says he still hasn't gotten an 'ADEQUATE ANSWER' about why Trump authorized the Soleimani strike now
— Michael O'Grady (@mog7546) January 4, 2020
Why did the Trump administration chose to act against #Soleimani NOW?#MOG#MAGA #Resist#WWWIII
https://t.co/ZMRplzNCmk
Russia Condemns Iran’s Killing by USA
****UNOFFICIALLY****
Russia fully supports our US partners.Eve going as far as turning off all our Russian air defenses in Syria to allow USAF safe passage through Russia ADZ to launch attacks against Iranian Hezbollah etc.US + Russia relations are now better than they have ever been.Long may this continue.
****OFFICIALLY*****
Russia is heavily invested in Iran.We sell them Billions in Russian military junk.And are also currently heavily involved in the Iranian Energy sector.We have contracts worth Billions over the next decade to build power Plants,and overhaul other key infrastructure.As well as this we buy Iranian Oil at knock down Prices,and remarket said Oil as Russia Oil and sell it at its true worth.Therefore we condemn US actions as illegal,and destabilizing to regional peace blah,blah,blah,cough,cough.
Await Iran’s response... stay tuned.
Schumer: 'The president does not have the authority for a war with Iran'
Donald J. Trump Responds on Twitter to political backlash
The United States just spent Two Trillion Dollars on Military Equipment. We are the biggest and by far the BEST in the World! If Iran attacks an American Base, or any American, we will be sending some of that brand new beautiful equipment their way...and without hesitation!
— Donald J. Trump (@realDonaldTrump) January 5, 2020
Iran vows revenge as it unfurls red flag of WAR after America executed General Soleimani
American strike in Iraq prompts anti-war protests in U.S. cities
Protesters demonstrate in Baghdad after US attacks
Why the U.S. military targeted Qassam Soleimani -- and how Iran might react
Richard N. Haass on Twitter
Make no mistake: any war with Iran will not look like the 1990 Gulf war or the 2003 Iraq wars. It will be fought throughout the region w a wide range of tools vs a wide range of civilian, economic, & military targets. The region (and possibly the world) will be the battlefield.
— Richard N. Haass (@RichardHaass) January 3, 2020
Rand Paul on Soleimani airstrike, Trump's Iran strategy
Grisham responds to criticism of Trump's Soleimani airstrike
Pompeo speaks amid tensions with Iran
IRAN vs U.S - TOP 6 REASONS WHY IRAN IS NO MATCH FOR THE U.S !
