There are unconfirmed reports in the Iranian press about Israeli planes landing in Saudi Arabia, unloading military equipment as a preparation for an air strike in Iran. This could be the reason for the drops in European stocks this morning, and gains in the US dollar. According to Israel’s Globes, this is what’s causing fear in the markets: A trader told “Globes”, “This is the talk of the day in London. Traders there interpret the report to means that Israel may be close to attacking Iran, hence the fears and market losses.” The US dollar index rose from 85.60 in the early hours of the European morning to 86 later in the day. This is felt in EUR USD as well as the commodity currencies. Another “safe haven” currency, the Japanese yen, is also on the move: USD/JPY fell to 89.25 before bouncing a little bit higher. This report about the preparations in Saudi Arabia join other unconfirmed reports about 12 American warships that crossed the Suez canal from the Mediterranean to the Red Sea on their way to Iran. There’s an additional report about martial law in northwest Iran, in fear that an Israeli-American attack will come from Azerbaijan and Gergioa. It’s important to emphasize that none of these reports are confirmed. Nevertheless, rumors have an impact on the markets, at least a temporary impact. With nothing else to move the markets during the European session, these rumors could be driving risk aversive trading. Ready to connect with real Forex traders? Currensee is the first Forex trading social network. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Bucksapalooza – Currensee Presents a Give-Back Event Yohay Elam 12 years There are unconfirmed reports in the Iranian press about Israeli planes landing in Saudi Arabia, unloading military equipment as a preparation for an air strike in Iran. This could be the reason for the drops in European stocks this morning, and gains in the US dollar. According to Israel's Globes, this is what's causing fear in the markets: A trader told "Globes", "This is the talk of the day in London. Traders there interpret the report to means that Israel may be close to attacking Iran, hence the fears and market losses." The US dollar index rose from 85.60 in… 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.