IRAN: US Positioning to Increase Military Presence in Iran – WSJ
Oct-01 18:16
US officials stated the US would be adding 9,000-10,000 additional troops to the Middle East along w...
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IRAN: NEW EXPLOSIONS HEARD IN BANDAR ABBAS AND QESHNM ISLAND
Sep-01 18:06
NEW EXPLOSIONS HEARD IN BANDAR ABBAS AND QESHNM ISLAND, BLASTS IN LAVAN ISLAND - NOURNEWS - [RTRS]
CANADA: Champagne Schedules Affordability Announcement As Gas Holiday Set To End
Sep-01 18:05
- Finance Minister Francois-Philippe Champagne has scheduled an "affordability announcement" for Wed at 130pm EST.
- The federal gasoline sales tax holiday is set to expire Sept 8. The holiday started in April and the finance department estimated the measure would cost CAD2.4 billion.
- Champagne told reporters Aug. 25 he was looking closely at extending the tax break.
EURGBP TECHS: Resistance Intact
Sep-01 18:00
- RES 4: 0.8652 High Jun 26
- RES 3: 0.8632 76.4% retracement of the Jun 22 - Jul 15 bear leg
- RES 2: 0.8601 61.8% retracement of the Jun 22 - Jul 15 bear leg
- RES 1: 0.8588 High Jul 30 and a key resistance
- PRICE: 0.8569 @ 16:28 BST Sep 01
- SUP 1: 0.8532 Low Aug 12 and key S/T support
- SUP 2: 0.8518/8455 Low Jul 22 / 15 and the bear trigger
- SUP 3: 0.8443 2.236 projection of the May 18 - 25 - Jun 22 swing
- SUP 4: 0.8374 76.4% retrace of the Dec 19 ‘24 - Nov 14 ‘25 bull leg
EURGBP continues to trade in a range. Key short-term resistance is at 0.8588, the Jul 30 high. A clear break of it would suggest scope for a stronger corrective bull theme and highlight a clear breach of the 50-day EMA, at 0.8570. This would open 0.8601, a Fibonacci retracement. Note that medium-term trend signals still highlight a dominant downtrend. Initial firm support to watch is 0.8532, the Aug 12 low. Clearance of it would be bearish.
