Articles

Major US stock indices are moving to session lows.

• The Dow industrial average is now down around 850 points or -1.98% at 42114.88.
• The S&P index is down -78 points or -1.25% at 5969.73.
• The NASDAQ index is down -283.1-1.44% at 19379.62

Both the NASDAQ and the S&P index are testing their 100-hour moving averages. For the S&P index the 100 hour moving average is at 5962.84. The low price reached 5964.26, just above the 100 hour moving average.

For the NASDAQ index the 100-hour moving average is at 19384.13. The current prices are just above those levels.. The low price just reached 19369.32 – below the level.

This article was written by Greg Michalowski at www.forexlive.com.

Israel military:

• identified missile launched from Iran toward the territory of the state of Israel
• DefenSe systems are operating to intercept the threat.
• The public is instructed to enter a protective space and remain there until further notice

This article was written by Greg Michalowski at www.forexlive.com.

Sky news is reporting Israeli army:

• Destroyed a facility for producing metallic uranium, infrastructure for converting enriched uranium, and laboratories in Isfahan

This article was written by Greg Michalowski at www.forexlive.com.

France’s Macron:

• Iran carries heavy responsibility in the destabilization of the region.
• We cannot live in a world where Iran has nuclear weapons.
• France calls on restraint from parties.
• Regrets Iran didn’t take overtures from United States.
• We will be on our partners assigned in the region, including with our armed forces.
• Urges French citizens not to go to the region
• Iran program was close to a critical stage
• France still believes in diplomatic route on Iran
• That is why France didn’t recommend attack from Israel
• I wish today is for diplomatic talks to resume.
• Support Israel is not unconditional or without any limits
• Should Israel be attacked by Iran, France would take part in defense of Israel
• France would not take part in offensive on Iran however.
• Europeans should be included in future talks on Iran nuclear issue, but sees renewed diplomacy as difficult.

This article was written by Greg Michalowski at www.forexlive.com.

Russia’s Putin spoke to both Iranian President Pezeshkian and Israeli PM Netanyahu:

• Told Netanyahu that issues surrounding Iran’s nuclear program must be solved through diplomacy
• Told Iran’s Pezeshkian that Russia offers condolences for the dead, denounces Israeli’s actions as being in violation of UN charter

This article was written by Greg Michalowski at www.forexlive.com.

Iran’s supreme leader Khamenei is addressing the Iranian people and says:

• Armed forces will leave Israel hopeless
• Israel will not remain unscathed
• Tehran will not go for half measures in its response.
• Iran is getting ready to launch 100 ballistic missiles toward Israel

This article was written by Greg Michalowski at www.forexlive.com.

Iran will not participate in US/Iranian nuclear negotiations on Sunday. State TV is also announcing that the supreme leader Khamenei will address the Iranian people shortly.

US Pres. Trump said the US still had a meeting planned with Iran on Sunday but was unsure whether it would take place.

This article was written by Greg Michalowski at www.forexlive.com.

Baker Hughes rig count for the current week:

• Oil rig -3 at 439
• Natural gas -1 at 113
• Total recount -4 at 555

Versus a year ago the oil rig count is down from 485 or -46 rigs. That is a decline of 9.5%. Despite the decline,US oil production is at 13.43 million barrels per day, up from approximately 13.10 million bpd one year ago (+2.5%)

This article was written by Greg Michalowski at www.forexlive.com.

European stocks ended the day broadly in negative territory, weighed down by geopolitical tensions and weaker global sentiment. All major regional indices posted losses, with Italian and Spanish markets underperforming.

Closing levels:

• German DAX: 23,516.24, ▼255.22 (-1.07%)

• France’s CAC: 7,684.69, ▼80.43 (-1.04%)

• UK’s FTSE 100: 8,850.62, ▼34.31 (-0.39%)

• Spains Ibex: 13,910.59, ▼178.30 (-1.27%)

• Italy FTSE MIB: 39,438.74, ▼509.64 (-1.28%)

For the trading week:

• German DAX:-3.24%

• France’s CAC: -1.54%

• UK’s FTSE 100: +0.14%

• Spains Ibex: -2.37%

• Italy FTSE MIB: -2.86%

This article was written by Greg Michalowski at www.forexlive.com.

The NY Times is reporting that Israel has resumed the attacks on Iran. The strikes are centered on Fordo, one of the main underground nuclear sites.

Israel wants to cease Iranians production of nuclear weapons. I would expect that endeavor to continue until the mission is complete.

This article was written by Greg Michalowski at www.forexlive.com.

Present trump is now telling Reuters that

• Iran has sustained a devastating hit.
• It is unclear if Iran still has a nuclear program
• He is not concerned about a regional war breaking out as a result of Israel’s strike on Iran.
• I tried to save Iran’s humiliation and death.
• Israelis ultimate objective is to ensure Iran does not possess a nuclear weapon

This article was written by Greg Michalowski at www.forexlive.com.

• US knew of the attack ahead of time.
• The battle with Iran is not over.
• Expect that Iran will attack Israel
• The surprise is the secret of success
• Plans to talk with Iranian people directly

Meanwhile the Israeli UN envoy says

• They do not know how long operation in Iran will take place
• Will continue to act until we know that we have eliminated the threat from Iran

This article was written by Greg Michalowski at www.forexlive.com.