Syria response time-frame unclear | 13/04/18

[IronFX The Global Leader in Online Trading]( 13th April 2018 [start trading]( [open demo account]( All trading involves risk. It is possible to lose all your capital. Main Points of Today Syria response timeframe unclear - The US seem to weigh their options regarding an attack on Syria, as President Trump tweeted that the timeframe is still uncertain. - The White House blurred the picture even more as in a statement yesterday it was mentioned that “no final decision has been made”. - Russia called for a Security Council meeting on Friday in order to re-discuss the issue and urged for calmness. - Theresa May on the other hand seems to have the support of her cabinet to take action in response to the chemical attack. - Risk appetite seems to gain ground, hence the USD seems to be gaining ground against safe havens currently. Should there be further positive headlines we could see the USD strengthening. Bitcoin rose yesterday and pulled a number of crypto’s with it - Bitcoin surged yesterday rather unexpectedly providing a parallel effect on Lite Coin, Etherium and Ripple. - Fundamentals seem to be unclear, however media cite that the surge was prompted as investors which shorted the crypto, were squeezed as Bitcoin remain stable. - Analysts consider that there is a positive feeling among traders in the past few days which could open room for higher grounds. - We see the case for the Bitcoin to continue to rise, as long as positive headlines reel in. Today’s other economic highlights - Germany: Final HICP rate for March, Survey: +1.5% yoy Prior: +1.5% yoy, 06:00 GMT, could be positive for EUR - Eurozone: Trade Balance for February, Survey: +20.2B Prior:+19.9B, 07:30 GMT, could support the EUR - US: IEA Monthly Report, 08:00 GMT, could affect oil prices U. Michigan preliminary Consumer Confidence for April, Survey: 100.5 Prior: 101.4,14:00 GMT, could weaken the USD JOLTS Job Openings for February, Survey: 6.173M Prior:6312M, 14:00 GMT, could weaken the USD US Baker Hughes Oil Rig Count, Survey: N/A Prior: 808, 17:00 GMT, any reading>808 could weaken Oil prices - Speakers: FOMC members Rosengren (12:00, GMT) and Bullard (13:00, GMT) as well as Dallas Fed President Kaplan speak. [Download full report]( THE MARKET USD/JPY [Image title] - Support: 106.95(S1), 106.43(S2), 105.65(S3) - Resistance: 107.90(R1), 108.57(R2), 109.20(R3) BTC [Image title] - Support: 7425(S1), 6235(S2), 4115(S3) - Resistance: 8895(R1), 9775(R2), 11355(R3) [View all Market insights]( [View IronFX Week Ahead report]( Economic Calendar Prepared by: Peter Iosif [Facebook]( [Linkedin]( [Instagram]( [Twitter]( [Google+]( [YouTube]( - Tel: +44 (0) 20 3282 7777 - Email: support@ironfx.com Disclaimer: This information is not considered as investment advice or investment recommendation but instead a marketing communication. High Risk Trading Warning: Our services include products that are traded on margin and carry a risk of losing all your initial deposit. Before deciding on trading on margin products you should consider your investment objectives, risk tolerance and your level of experience on these products. Trading with high leverage level can either be against you or for you. Margin products may not be suitable for everyone and you should ensure that you understand the risks involved. You should be aware of all the risks associated in regards to products that are traded on margin and seek independent financial advice, if necessary. Please read IronFX’s Risk Disclosure statement. Licences and Authorisations IronFX is a trade name of Notesco Financial Services Limited (formerly IronFX Global Ltd). Notesco Financial Services Limited is authorised and regulated by CySEC (License no. 125/10) Group Licences and Authorisations 8Safe UK Limited is authorized and regulated by the Financial Conduct Authority (FCA no. 585561) GVS (AU) Pty Limited is authorized and regulated by ASIC (AFSL no. 417482) IronFX does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. [Unsubscribe](