Soldiers of IRGC's aerospace unit have launched a successful attack on Al Assad military base – IRGC

Ross J Burland FXStreet

Iran is in a "high state of alert" in the wake of the killing of Iranian general Qasem Soleimani by the US and is ready to strike US and European bases in the Middle East if need be, Islamic Revolutionary Guard Corps official Maj. Gen. Mortada Qurbani said on Tuesday.

"The brave soldiers of IRGC's aerospace unit have launched a successful attack with tens of ballistic missiles on Al Assad military base in the name of martyr Gen.Qasem Soleimani."

More to come

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

GBP/USD faces daily resistance near 1.3650

GBP/USD resumes its decline, reversing Tuesday’s bullish attempt and failing once again to break above 1.3650. Cable’s decent pullback follows an acceptable advance in the Greenback as investors continue to assess latest US PCE and GDP data.

EUR/USD remains sidelined around 1.1670 post US-PCE

EUR/USD alternates gains with losses around 1.1670 on Wednesday. The pair’s retracement comes on the back of modest gains in the US Dollar in the wake of the release of July PCE data and another revision of Q2 GDP figures.

Gold surrenders some weekly gains; back toward $4,600

Gold now faces some renewed downside pressure and seems to challenge the key $4,600 mark per troy ounce on Tuesday. That said, the yellow metal’s correction comes after three daily upticks in a row, fading at the same time Tuesday’s move to fresh tops around $4,700.

Bitcoin recovery stalls near $80,000 as ETF inflows mount, whale demand strengthens

Bitcoin price is trading in the green on Wednesday, holding above $78,000 while struggling to extend its recovery above the $80,000 mark. Institutional demand is strengthening, with steady inflows and BlackRock’s tax-deferred Bitcoin-to-ETF swap volume reaching $5 billion.

Nvidia: How will the company perform as its switches from a chip maker to an AI finance house?

The main event for markets this week takes place this evening, after US markets close. Nvidia, the AI giant, will report results for last quarter. Another monster report is expected. Revenues could come in above $92bn, and earnings per share could come in at $2.09.

Canada hits US goods with tariffs; The rate market sees a problem

On September 8, Canada begins charging its own importers 15%, 25% and 50% on roughly 700 lines of American goods. The measure is billed as dollar for dollar, and on the arithmetic of covered trade it is. What it is not is a tax on the United States.