According to a Reuters news, the Secretary of State, Mike Pompeo, who is expected to speak later today, will likely announce that the United States is softening its position on Israeli settlements in the occupied West Bank, a Trump administration official said on Monday. “Pompeo is expected to say the administration of President Donald Trump will no longer abide by a 1978 State Department legal opinion that the settlements were “inconsistent with international law,” according to the official. The move is likely to be welcomed by right-wing Israeli Prime Minister Benjamin Netanyahu and anger the Palestinians, as well as other countries seeking to resolve the Middle East conflict,” the news reported. Markets implications: Middle East conflict is always positive for the price of oil, and in terms of FX, the Canadian Dollar has a direct and positive correlation to oil prices. Oil has been on the rise of late, bumped up on the latest optimism surrounding Sino and China trade talks and prospects of a trade deal. WTI bulls stopped in their tracks on $58 handle USD/CAD retreats to 1.3200 area on broad USD weakness FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Secretary of State Pompeo: Iran’s most recent action will deepen its isolation – RTRS FX Street 3 years According to a Reuters news, the Secretary of State, Mike Pompeo, who is expected to speak later today, will likely announce that the United States is softening its position on Israeli settlements in the occupied West Bank, a Trump administration official said on Monday. "Pompeo is expected to say the administration of President Donald Trump will no longer abide by a 1978 State Department legal opinion that the settlements were "inconsistent with international law," according to the official. The move is likely to be welcomed by right-wing Israeli Prime Minister Benjamin Netanyahu and anger the Palestinians, as well as other… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
