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USDCAD TECHS

Bearish Focus

AUDUSD TECHS

Corrective Pullback

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Consolidating At Trendline Support

EURGBP TECHS

Support Remains Under Pressure

GBPUSD TECHS

Key Resistance Exposed

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US Secretary of State Anthony Blinken tweets: "My G7 counterparts and I reaffirmed our commitment to a political resolution for ending the conflict in Syria and support to the reauthorization of the UN cross-border aid mechanism. We'll continue working to advance all aspects of UNSCR 2254 and end the suffering of Syrians."

  • Syria was one of the topics of discussion at the in-person G7 foreign ministers summit from 3-5 May, with a number of bilateral meetings between the foreign ministers also taking place.
  • While the Syrian civil war may have slipped below the radar in the geopolitical risk league table in recent months/years, the conflict continues to draw in regional and global powers in the form of Russia and Turkey, while acting as a breeding ground for Islamist terrorist networks due to the lawless nature of large swathes of the country.
  • Significant US involvement in Syria remains an unlikely prospect though.