US makes demands and threatens to harden approach on Iran

  • The US on Monday demanded Iran dropping its nuclear program and pulling out of the Syrian civil war .
  • The US also threatened it will carry out severe economic sanctions if not given the appropriate attention.
  • However, Pompeo said if Iran made major changes, the US is willing to ease its aggressive stance towards the country and even support their economic re-establishment with the world.
  • Iran responded by stating the US has violated the International nuclear deal .
  • Further negative comments on the matter could weaken the USD and could strengthen Oil prices.

U.S. and Canadian regulation introduce Operation Crypto-Sweep

  • The North American Securities Administrators Association are introducing investigations aimed at unregistered securities offerings and ICOs
  • The operation has launched 70 investigations, with 35 already facing completed or awaiting enforcement actions.
  • Regulators are after several alleged schemes, including websites with fake addresses and photos appearing legitimate with the intention of tricking people to register with them.
  • Regulators intentions to clean out the cryptocurrency market comes amid increasing attention to virtual currencies by federal regulators.
  • The news is good for the future of the crypto market but is bad currently as it repels Investors and creates disbelief .

Today’s other economic highlights

  1. Canada : Wholesale Sales (MoM) (Mar) 15:30 (GMT +3) SURVEY +0.6% PRIOR -0.8% mom Could strengthen the CAD
  2. API Weekly Crude Oil Stock 23:30 (GMT +3) any reading below the PRIOR +4.854 M could support Oil Prices
  3. Speakers : UK BoE Gov Carney Speaks 11:15 (GMT +3)

IronFX Daily Report ‘May 22nd’

1

XMXM

4.9 rating based on 1,168 ratings
4.9/5 1168
2

DerivDeriv

4.9 rating based on 144 ratings
4.9/5 144
3

LQDFXLQDFX

3.5 rating based on 93 ratings
3.5/5 93
4

FBSFBS

3.6 rating based on 99 ratings
3.6/5 99
5

FXTMFXTM

3.9 rating based on 43 ratings
3.9/5 43
1

PrimeBitPrimeBit

3.9 rating based on 7,130 ratings
3.9/5 7130
2

BinanceBinance

4.3 rating based on 7,662 ratings
4.3/5 7662
3

bybitbybit

4.2 rating based on 3,323 ratings
4.2/5 3323
4

XBTFXXBTFX

1.9 rating based on 4,449 ratings
1.9/5 4449
5

BitMEXBitMEX

3.8 rating based on 6,911 ratings
3.8/5 6911