While the media circus surrounding a potential Iran–US agreement continues, pay attention to oil, which appears to be completing its final downward wave.
#Oil#IranWar#Trump
Turkey, by selling nearly all of its U.S. Treasury holdings, has sacrificed a future weapon in order to preserve the present.
The prolonged oil embargo against Iran has inflicted damage on China, Europe, and Australia; however, the primary target appears to be the Turkish economy.
#Turkey
The oil chart unfortunately is signaling a growing probability of no agreement between Iran and the US.
Market pricing is starting to reflect rising geopolitical risk and potential supply concerns once again.
Looks like we should be prepared for the next bullish wave in oil.
Volatility is back on the table.
#USOIL #OIL #Iran #IranWar #WTI
@WarMonitor3 It’s like living in England while the government is run by Muslims. Exactly what is happening now — and soon England will turn into a third-world country.
Nearly all military analysts consider another U.S. and Israeli attack on Iran to be inevitable but likely after Trump returns from China.
Another possibility must also be considered: that the attack could begin within hours and become a powerful pressure lever against China.
Yentervention #4
The Bank of Japan has strengthened the yen by selling U.S. dollars and buying Japanese yen worth more than $40 billion. From a macroeconomic perspective, this action will have no long-term impact, and the yen will continue on its path of depreciation.
#USDJPY