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Geopolitical tensions in the Middle East

Geopolitical tensions in the Middle East | 13 August 2021

Geopolitical tensions in the Middle East


#WTI:


Foreign ministers from the Group of Seven wealthy economies said Iran was threatening international peace and security and that all available evidence showed it was behind an attack on the Mercer Street tanker. The vessel was a Liberian-flagged, Japanese-owned petroleum product tanker managed by Israeli-owned Zodiac Maritime. In a separate statement, the U.S. military said explosives experts from the Ronald Reagan aircraft carrier - which deployed to assist the Mercer Street - concluded the drone was produced in Iran. The growing tensions come as nuclear talks between Iran and Western powers that would ease sanctions on Tehran's oil exports appear to have stalled.


Trading recommendation: Buy 66.00 and take profit 68.80.


Geopolitical tensions in the Middle East


#SP500:


A positive report on the labor market in the United States will have a favorable impact on the capitalization of the stock market. Labor Department statistics showed U.S. job growth rose solidly in July amid demand for workers in the labor-intensive services industry. Nonfarm payrolls increased by 943,000 jobs last month after rising 938,000 in June, the department said in its closely watched employment report. The economy fully recovered in the second quarter the sharp loss in output suffered during the very brief pandemic recession. The unemployment rate is falling to 5.4% from 5.9% in June.


Trading recommendation: Buy 4310 and take profit 4463.


Geopolitical tensions in the Middle East


#Moderna:


Positive financial statements will have a positive impact on the share price. Product sales for the three and six months ended June 30, 2021 was $4.2 billion and $5.9 billion, respectively, from sales of 199 million and 302 million doses of the Company's COVID-19 vaccine. Net income was $2.8 billion for the three months and six months $4.0 billion for the six months ended June 30, 2021, compared to a net loss of $(241) million for the same period in 2020. The Company expects dose capacity for its COVID-19 vaccine in FY 2021 to be between 800 million and 1 billion doses.


Trading recommendation: buy 393.36 and take profit 414.10.

 

David Johnson
Analyst of «FreshForex» company
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