Failure of US-Iran talks was all-too predictable – but Trump could still have stuck with diplomacy over strikes 
Does international law still matter? The strike on the girls’ school in Iran shows why we need it 
Booked to travel through the Middle East? Here’s why you shouldn’t cancel your flight 
Why did Iran bomb Dubai? A Middle East expert explains the regional alliances at play 
UBS Boosts Chinese Tech and AI Stocks for 2026 as Sector Eyes Strong Growth 
Crude Oil on the Cusp: Hormuz Blockade Threats Fuel 15% Rally Toward USD 85 Target 
The strikes on Iran show why quitting oil is more important than ever 
 - EconoTimes)
Dollar index trading at 95.62 (-0.35%).
Strength meter (today so far) - Euro +0.22%, Franc +0.26%, Yen +0.95%, GBP -0.34%
Strength meter (since last week) - Euro +0.63%, Franc -0.07%, Yen +1.45%, GBP -0.46%
EUR/USD
Trading at 1.125
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range
Support
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085
Resistance
- Long term - 1.175-1.18, Medium term - 1.172, Short term - 1.163, Immediate - 1.132
Economic release today
- Euro zone unemployment rate dropped to 10.9%, lowest level in more than three years
Commentary
- Euro has reached initial target of 1.12 and now consolidating around that level. 1.13 area proving to be crucial.
GBP/USD
Trading at 1.531
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range/Sell
Support
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512,
Resistance
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.58
Economic release today
- Manufacturing PMI contracted further to 51.5 in August from 51.9 in July.
Commentary
- Pound is the worst performer this week, currently challenging key support at 1.53 area. Further decline is possible.
USD/JPY
Trading at 119.9
Trend meter
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Sell
Support
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 118
Resistance
- Long term - 130, Medium term - 127.5, Short term - 124.5
Economic release today
- PMI for manufacturing dropped to 51.7 in August from 51.9 in July.
Commentary
- Yen is the best performer this week as stock market rout renewed.
USD/CHF
Trading at 0.962
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range
Support
- Long term - 0.88, Medium term - 0.90, Short term - 0.93
Resistance
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today
- PMI rose to 52.2 in August from 48.7 in July.
Commentary
- Franc benefiting from haven flows today as risk aversion returned in the market.
