Iran’s Zolfaghari disgraces US ceasefire attempts

Sagar Dua FXStreet

An Iranian military spokesperson has mocked United States (US) attempts at a ceasefire deal, insisting Americans were only negotiating with themselves, according to Associated Press (AP), the Guardian reported.

Iran’s Lt. Col. Ebrahim Zolfaghari said on state television that the US’s strategic power had turned into “strategic failure”. These comments from Tehran came after US President Donald Trump sent a 15-point settlement proposal to Iran.

Additional remarks

The one claiming to be a global superpower would have already gotten out of this mess if it could. Don’t dress up your defeat as an agreement. Your era of empty promises has come to an end.

Have your internal conflicts reached the point where you are negotiating with yourselves?

Our first and last word has been the same from day one, and it will stay that way: Someone like us will never come to terms with someone like you,” Not now, not ever.

Author

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

GBP/USD treads water around 1.3500 as Hormuz risks support USD

After closing the previous week in positive territory, GBP/USD trades with caution around 1.3500 on Monday. The pair faces headwinds from a modest US Dollar rebound as mood sours on persistent uncertainty surrounding the reopening of the Strait of Hormuz and US-Iran talks.

EUR/USD steady near 1.1550 as USD selloff pauses

EUR/USD keeps its range near 1.1550 in the second half of the day on Monday, holding the retreat from fresh highs since June 17, touched in reaction to the disappointing US jobs data on Friday. Renewed Middle East tensions lend support to the safe-haven US Dollar, capping the pair's upside attempts despite improved Eurozone sentiment data.

Gold holds firm as Fed rate outlook, Middle East developments remain in focus

Gold (XAU/USD) holds firm on Monday as buyers take a breather following last week’s sharp rally, with the broader market theme still centred on the Federal Reserve’s (Fed) interest-rate outlook and developments in the Middle East. At the time of writing, XAU/USD trades around $4,333, little changed on the day.

Pi Network: Mild bearish bias caps PI corrective rebound

Pi Network extends losses Monday after a bearish close the previous day, as price remains capped below the $0.1000 psychological threshold. Speculative demand for PI is low, with Open Interest holding above $9 million as broader market sentiment improves. The technical outlook for PI indicates a mild bearish bias as the $0.0961 resistance level remains intact.

US Payrolls miss – RBA on deck tomorrow

It would be remiss of me not to kick off this morning’s report with a rundown of last Friday’s US jobs report, which was a belter. Headline payrolls fell by 23,000, versus expectations of an 80,000 gain. The BLS noted that May was revised down by 66,000 (from 129,000) and June by 37,000 (from 57,000), resulting in combined May-June revisions of 103,000 lower than previous reports.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.