U.S., Israel, and Iran: Yesterday’s 3pm EUR/USD expiry at 1.14794 took me for a loop.

Leave it to President Trump to cause a market mover in the EUR/USD yesterday when he shared that he was not in the mood to negotiate with Iran. According to FXStreet, a financial media publication, the President’s sentiments helped drive the EUR/USD below 1.1500 indicating a move to safe-haven assets including, ironically, the US dollar. … Continue reading U.S., Israel, and Iran: Yesterday’s 3pm EUR/USD expiry at 1.14794 took me for a loop.

Binary options: My conservative bet on a EUR/USD close above 1.1520 by 3pm today.

Betting that the EUR/USD closes above 1.1520 by 3pm today seems like a very conservative bet. The spot around 4:20 am was 1.1582 and I calculated a forward price for tomorrow at 1.1860, so why so bloody conservative? In short, the events in Western Asia aka the Middle East are hard to ascertain in terms … Continue reading Binary options: My conservative bet on a EUR/USD close above 1.1520 by 3pm today.

Netanyahu addresses Congress. No slow down or turning back.

2:02 pm. As we wait on Israeli prime minister Binyamin Netanyahu to speak, the USD/ILS is trading at 3.6470, according to data from x-rates.com. 2:08 pm. Netanyahu begins his remarks. “We meet today in the crossroads of history”, says, Netanyahu, telling Congress that in the Middle East there is a clash between barbarism and civilization” … Continue reading Netanyahu addresses Congress. No slow down or turning back.

Biden supports a two-state solution for Israel and Palestine.

At 10:06 am as President Joe Biden began delivering remarks from Tel Aviv, the EUR/USD was 1.05475 and GBP/USD was 1.21622. Mr Biden reiterated that the United States supported Israel; that the Jewish state would not stand alone. Mr Biden also noted that the United States saw no higher priority than getting back American hostages. … Continue reading Biden supports a two-state solution for Israel and Palestine.