IRAN: Trump-'If We Don't Make A Deal, I'll Be Leading The Pack'
Apr-25 11:09
As part of a wide-ranging interview with Time Magazine, US President Donald Trump says that he would be open to meeting with either President Masoud Pezeshkian and/or Supreme Leader Ayatollah Ali Khamenei as part of efforts to reach a nuclear deal with Iran. On the prospect of Israel launching an attack on Iran's nuclear sites if a deal cannot be reached, Trump said "I think we can make a deal without the attack. I hope we can. It's possible we'll have to attack because Iran will not have a nuclear weapon."
- Trump says Israeli PM Benjamin Netanyahu "may go into a war" but that "we're not getting dragged in." Asked if the US would stay out of any such conflict Trump says "No, I didn’t say that. You asked if he’d drag me in, like I’d go in unwillingly. No, I may go in very willingly if we can't get a deal. If we don't make a deal, I'll be leading the pack."
- Another round of talks gets underway in Oman on 26 April, this time between working groups from Iran and the US, rather than the senior-level meetings that have taken place over the past two weeks in Muscat and Rome, respectively (see 'IRAN: Axios-Foreign Min Proposed Interim Deal To US Envoy', 1558BST 24 Apr).
- Speaking in the Oval Office on 24 April alongside Norwegian PM Jonas Gahr Store, Trump said talks were progressing "very well on an agreement with Iran," adding, "we're doing a lot of things, I will say—but that one is well on its way. We could have a very, very good decision, and a lot of lives will be saved."
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BUNDS: Some selling flows are going through
Mar-26 11:05
- Some selling flows are going through, all orders related as oppose to new news headline, Bund has seen around ~60k in the past 25 minutes of cumulative Volume, latest saw 3x 5k clips.
- US Tnotes, is also sold in 6k. Noted Yesterday that a break through the 110.12+/110.10 area would have suggested some potential extension up to the 4.40% Yield level.
- While 110.12+ was broken, the 110.10/110.08 will now be the initial area to watch, TYM5 printed a 110.10 low Yesterday.
OUTLOOK: Price Signal Summary - S&P E-Minis Have Traded Through The 20-Day EMA
Mar-26 11:00
- In the equity space, S&P E-Minis are trading at their recent highs. The trend condition is bearish and the latest recovery appears corrective. MA studies remain in a bear-mode set-up, highlighting a dominant downtrend. However, this week’s gains have resulted in a breach of the 20-day EMA. This signals scope for a continuation higher near-term - towards 5864.25, the Jan 13 low. A reversal lower would refocus attention on 5559.75, the Mar 13 low and bear trigger. First support to watch is 5650.75, the Mar 18 low.
- The medium-term trend direction in EUROSTOXX 50 futures is up and recent short-term weakness is considered corrective. Support to watch is the 50-day EMA, at 5293.33. It has recently been pierced. A clear break of it would highlight a stronger short-term bear threat and suggest scope for a retracement towards 5160.00, the Feb 4 low. The bull trigger is 5516.00, the Mar 3 high. Clearance of this level would resume the uptrend.
MNI: US MBA: MARKET COMPOSITE -2.0% SA THRU MAR 21 WK
Mar-26 11:00
- MNI: US MBA: MARKET COMPOSITE -2.0% SA THRU MAR 21 WK
