Thursday, February 29, 2024

Iran has escalated against the US, the threat of the Strait of Hormuz, and the Houthis

 

Iran has escalated the threat of the Strait of Hormuz and the Houthis. “This is Jauja.” Etcheverry

Due to the complicated market conditions due to the decision of the FED, “it is unlikely that Powell will touch interest rates; no surprises are expected,” said Javier Etcheverry, head of ActivTrades. Subjected to a global debt crisis: threats from the Strait of Hormuz for Iranian control, Iran advancing against the US, and the Houthi unrest in the Red Sea. “This is the king.” Markets are in full force: the SP 500, Nasdaq, DAX, and Eurostoxx at the top. “The party is not there for what lies ahead,” Etcheverry reiterated.

In oil, the increase was justified by the tension in the Strait of Hormuz and the Red Sea. The demand will not change, and the bearish movement is broken to enter the line of 87.5 and 83 dollars, the crude oil zone. “If we want to see gold as a refuge, at the moment we only see a bearish divergence,” at the floor of two thousand dollars per ounce. Threats come from everywhere.

World Nation News Desk
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