US President Trump, on Iran, says they have a big force going towards Iran; watching Iran very closely and would rather not see something happen on Iran; will be doing a 25% secondary tariff on Iran
Trump's statements regarding Iran indicate escalating tensions, particularly with the mention of a secondary tariff and a military presence.
Australian S&P Global Manufacturing PMI Flash (Jan) 52.4 (Prev. 51.6)
US House passes package of FY26 funding bills in a major step towards averting government shutdown on Jan 31st; sending to Senate for final votes
US President Trump, on Iran, says they have a big force going towards Iran; watching Iran very closely and would rather not see something happen on Iran; will be doing a 25% secondary tariff on Iran
US President Trump says Venezuelan oil will be divided up
US President Trump says the US will work with NATO on Greenland security; there are good things for Europe within the framework
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This could lead to increased volatility in oil prices and potentially strengthen safe-haven assets like gold, while also impacting USD's strength against other currencies. Traders should closely monitor related commodities and FX markets for shifts in sentiment as the situation evolves.
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