MACRO ANALYSIS: MNI US Macro Weekly: September Hike Odds Fade, CPI Test Next
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IRAN: US Centcom Confirms Strikes
“At the direction of the Commander in Chief, U.S. Central Command forces have started conducting additional strikes against Iran to further degrade their ability to threaten freedom of navigation in the Strait of Hormuz. The United States is holding Iran accountable for recent unjustified aggression against commercial shipping and civilian crews freely navigating a vital international waterway.”
EURJPY TECHS: Attention Is On Key Resistance
- RES 4: 187.95 High Apr 17 and the bull trigger
- RES 3: 187.56 High Apr 30
- RES 2: 186.56 76.4% retracement of the Apr 17 - May 6 bear leg
- RES 1: 185.86/186.32 High Jun 30 / High Jun 16 and 17
- PRICE: 185.68 @ 21:15 BST Jul 9
- SUP 1: 183.78/183.17 Low Jul 2 / Low Jun 24
- SUP 2: 182.05 Low May 06 and a bear trigger
- SUP 3: 181.87 Low Mar 16
- SUP 4: 180.81 Low Feb 12 and a key M/T support
EURJPY continues to trade above last week’s low. The continuation higher cancels a recent bearish threat and refocuses attention on key short-term resistance at 185.86, the Jun 30 high, and 186.32, the Jun 16 and 17 high. Clearance of both price points would be a bullish development. On the downside, support to watch lies at 183.17, the Jun 24 low. Clearance of this level would pave the way for an extension towards 182.05, the May 6 low.
IRAN: IRAN'S MEHR SAYS EXPLOSION HEARD NEAR KONARAK AND CHABAHAR
IRAN'S MEHR SAYS EXPLOSION HEARD NEAR KONARAK AND CHABAHAR
