XTI/USD Short-term trading interest is biased towards purchases, but medium-term prospects can only be assessed after the OPEC meeting.
USD/JPY A technical correction is urgently needed, but everything depends on the dollar. There are no own factors to reduce.
XTI/USD Negotiations on a nuclear deal with Iran have been suspended. Iran's shelling of Iraqi territory in the area of the US Consulate General caused an outburst of confrontation between Washington and Tehran, although the US reaction is rather calm. The medium-term upward trend is not cancelled, but a technical correction is needed, for which any informational...
USD/JPY For the yen to reverse the market lacks panic, but it is very likely after the Fed meeting. A breakout of the 117.50-118 zone guarantees growth by 1.5-2 figures, but a move higher is unlikely. The tone of the BOJ press conference will depend on the technical picture that emerges after the close of the Asian session on Friday.
EUR/USD The technical market situation depends on the breakdown of the 1.1150-1.0950 range. There are no own fundamental factors for growth. Only geopolitical factors can change the active sales priority.
GBP/USD Changes in BOE policy are not expected, but speculative buying volumes above the 1.3250 zone may call for a strong technical correction, but there are not enough fundamental factors for a steady increase. there are no factors. All large sales volumes are already open, there is no new interest yet. In the area of 1.27, a strong rollback up is possible.
Against the background of the aggravation of the military conflict in Eastern Europe, the markets unanimously updated their annual lows. From the countries involved in the conflict, there is a massive outflow of capital. The dollar absolutely dominates against the backdrop of aggressive demand for defensive assets. ⠀ We warn you: now it is impossible to draw...
USD/JPY The priority of sales is not in doubt. but the need for correction is increasing. Purchases are relevant in case of confident trading above zone 116.00.
GBP/USD The current balance of volumes is shifted towards purchases, but the probability of a flat is still higher than an active growth. There are no strong statistics this week. We open long positions at the breakdown of 1.36850/80 with targets of 1.3750-1.38 and higher; sales will be relevant in case of breakdown of the protection zone 1.3450.
EUR/USD The influence of macroeconomic statistics is weak, the dynamics will depend only on geopolitics. But still, it is worth paying attention to the consumer price index of the EU countries and Lagarde's speech. The medium-term balance is shifted towards sales, we open purchases only after a steady price movement above 1.1450-1.1500.
XTI/USD Geopolitical risks support short-term growth, but when the situation in Europe normalizes, large hedging purchases will be closed, which will lead to a downward correction. The implementation of the Iran deal could trigger a downward spike with a quick pullback followed by a steady fall below zone 80.
XTI/USD There has been little progress in negotiations on a nuclear deal with Iran, but this fact does not yet affect global prices. The growth of quotations is caused by geopolitical risks, with a decrease in the degree of conflict, the oil will have a strong downward correction from a strong protection zone of 95-96.50.
GBP/USD The political scandal with Johnson has been practically worked out by speculators, a strong reaction can only be on the real resignation of the government (unlikely!). Confident priority of purchases is preserved.
EUR/USD There is a weak sales priority, active growth is unlikely. Keep an eye on the dollar!
USD/JPY A technical correction is needed, there are no own fundamental factors. We pay attention to the statistics of China and the United States.
USD/JPY The dollar continues to advance, the current balance of volumes indicates the third attempt to break through the resistance zone above 116.50. But after long holidays, China returns to the market, which can cause a fairly strong downward correction. Friday is a public holiday in Japan. ⠀
GBP/USD Speculative volumes related to BOE and NPF meeting are completely closed. Investors' appetite for buying will depend on the quality of economic reports, which will be published on Friday. Absence of fundamental factors at the beginning of week gives the market a chance to rebalance volumes, so an active flat in range of 1.37 − 1.35 is most likely. The...
EUR/USD Another wave of growth is most likely before a strong downward correction; as an alternative, we can consider a flat period within an ascending wedge, followed by strong growth. The current balance of volumes is shifted towards purchases, but the situation depends too much on the fundamental background: we are carefully listening to the comments of the...