Risk warning: Trading is risky. Your capital is at risk. Exinity Limited is regulated by FSC (Mauritius).
Risk warning: Trading is risky. Your capital is at risk. Exinity Limited is regulated by FSC (Mauritius).

Forex News Timeline

Sunday, September 22, 2019

Here is what you need to know on Monday, September 23rd: Risk aversion took over the market Friday on escalating trade tensions, and would likely pers

Here is what you need to know on Monday, September 23rd: Risk aversion took over the market Friday on escalating trade tensions, and would likely persist Monday, following news indicating that the Pentagon will deploy US forces to the Middle East, which will be “defensive in nature,” a result of the Iranian attack on Saudi Arabian oil facilities. During the weekend, the Saudi Foreign Minister said that if the attack was launched from Iran, it would be considered an act of war. Meanwhile, Houthi rebels in Yemen have warned foreign diplomats that Iran is preparing a follow-up strike to the missile and drone attack on Saudi Arabian oil and gas facilities. The run to safety and the lack of progress on the Irish backstop weighed on the Pound. Safe-haven assets were the best performers, with gold and yen poised to extend their advances. Cryptos maintain the bearish tone, could turn north on persistent risk aversion.

While speaking at Labour’s annual conference on Sunday, the UK opposition Labour Party leader Jeremy Corbyn said: “I am leading the party, I am proud

While speaking at Labour’s annual conference on Sunday, the UK opposition Labour Party leader Jeremy Corbyn said: “I am leading the party, I am proud to lead the party, I am proud of the democracy of the party and of course I will go along with whatever decision the party comes to.” He said in response to the question asked whether the Labour Party would campaign to remain in the EU or to leave with a deal, BBC News reports. The Cable witnessed a volatile Friday session, having reversed sharply from 11-week highs near 1.2580 to finish the week near the lower levels of 1.2470 amid trade pessimism-led risk sell-off, as markets ignored the upbeat comments from the European Union (EU) Chief Brexit negotiator Barnier. EU's Barnier: Determined to try and reach an agreement with UK

In an interview with CNN late-Saturday, Saud Arabian Minister of State for Foreign Affairs Adel al-Jubeir, “We hold Iran responsible because the missi

In an interview with CNN late-Saturday, Saud Arabian Minister of State for Foreign Affairs Adel al-Jubeir, “We hold Iran responsible because the missiles and the drones that were fired at Saudi Arabia...were Iranian-built and Iranian-delivered.” Additional Quotes: “But to launch an attack from your territory, if that is the case, puts us in a different category... this would be considered an act of war.” “If they continue along this path, then they risk the possibility of military action.” “But nobody wants war. Everybody wants to resolve this peacefully and the end result has to be an end to Iran’s aggressive policies.” “Appeasement with Iran does not work. For example, trying to set up a parallel financial payment system is appeasement. Trying to give them a line of credit is appeasement. It just emboldens them.” “The Iranians have to know that there will be consequences to their actions.” Meanwhile, the Wall Street Journal (WSJ) reported on Saturday that Yemeni rebels warned Iran plans another strike soon. Oil prices could find fresh support from the weekend’s reports that could flare up Mid-East tensions and threatens oil supplies.

The Wall Street Journal (WSJ) quotes people familiar with the matter on Sunday, Houthi rebels in Yemen have warned foreign diplomats that Iran is prep

The Wall Street Journal (WSJ) quotes people familiar with the matter on Sunday, Houthi rebels in Yemen have warned foreign diplomats that Iran is preparing a follow-up strike to the missile and drone attack on Saudi Arabian oil and gas facilities a week ago that knocked-off 5% of the global oil supplies. The sources confirm that the last attack was forced by Iran and are said to have passed the information to the Saudi and the US about the warnings. Should there be another attack, it could flare-up the tensions between the US and Iran and propel oil prices through the roof once again. Both crude benchmarks settled the week nearly 6% higher, with WTI flat at  the close above the 58 handle while Brent finished near 64.60 region.
Scroll Top