Transition in Forex trading, with no significant “macro” data, and no new Trump language elements On Monday and then Tuesday have been largely debunked. Iran is not negotiating with the White House, but receiving indirect messages through Pakistan, Turkey (or other regional countries interested in conflict resolution). Talks of peace, military and diplomatic victory, and unprecedented gifts maintain hope for de-escalation. However, there are concerns of a potential ground operation in Iran, possibly as a pressure tactic. Israel shows no interest in negotiations and continues reciprocal strikes with Tehran. Markets holding onto peace hopes prevent oil from sharply rising towards $110. The Dollar acts as a safe haven, inching up to annual highs against various currencies. On the macro front, US import prices rose 1.3% in February, driven by a 3.8% increase in fuel prices. The US Energy Information Administration reported a 6.9 million barrel increase in crude oil inventories last week, far exceeding analyst expectations of a 500,000 barrel rise.
