A transition day on the Forex market, as major geopolitical elements are absent from Trump’s language. Statements made on Monday and Tuesday, including negotiations with the “right people” and nearing a full agreement, have been largely debunked. Iran refuses to negotiate with the White House and dismisses any potential agreement on current terms. Despite receiving indirect messages via countries like Pakistan and Turkey, actual negotiations are out of the question. This contrasts with Trump’s optimistic language around peace, military and diplomatic victory, and unprecedented gifts, hinting at de-escalation but potentially masking aggressive troop deployment. Israeli airstrikes on Tehran remain a concern. The markets retain hope for peace, preventing a surge in oil prices towards $110, and keeping the Dollar stable against major currencies.
