OctaFX | OctaFX Forex Broker
Open trading account
Back

US blacklists 15 aircraft in latest venezuela sanctions move – Treasury website

The US has blacklisted 15 aircraft in the latest Venezuela sanctions move. Castin minds back, Mr Maduro and Mr Guaidó have been at loggerheads for more than a year, after Mr Guaidó - who heads the National Assembly - declared himself interim president, claiming Mr Maduro's re-election in 2018 was fraudulent.

The US stepped on 28 January, during the 2019 Venezuelan presidential crisis, and imposed sanctions on the Venezuelan state-owned oil and natural gas company PDVSA to pressure Maduro to resign. Despite international pressure and US sanctions on the crucial oil sector, Maduro has remained in power and has been supported by Russia, Cuba and a handful of other countries as well as the Venezuelan military.

In earlier news today, in efforts to remove President Nicolás Maduro from office, US Secretary of State Mike Pompeo said the US will take additional measures in support of Venezuela's opposition leader Juan Guaidó. Mr Pompeo also called on other countries to co-operate – Guaidó travelled to Colombia to meet Mr Pompeo on the sidelines of a regional conference.

Market implications

Keeping an eye on the price of oil as tensions mount – "I would fully expect there will be further action that the United States would take to continue to support President Guaidó and the Venezuelan people," Mr Pompeo told journalists today. 

 

Gold: Any correction is seen as an opportunity to enter a long position – TD Securities

Analysts at TD Securities see gold rising over the next months and project it will hit $1,650/oz sometime in the second half of 2020 Key Quotes: “Gold
Read more Previous

US Dollar Index Price Analysis: Inverted head-and-shoulders set to lift the greenback

The US Dollar Index (DXY) is trading between the 50 and 200-day simple moving average (SMA). DXY is also trading within a rising wedge channel.
Read more Next
Start livechat