XTI/USD The US has decided to ease sanctions against Iran, in particular. now companies from Russia, Europe and China can continue to work at Iran's nuclear facilities. This is the first step towards the lifting of sanctions on the purchase of Iranian oil. We are waiting for a correction to the nearest support, but there are no factors for a global fall.
XTI/USD OPEC countries still cannot bring production to the level of accepted quotas, so at the meeting on February 2, the Cartel will keep its plans unchanged. Negotiations with Iran will resume today, there is a chance to lift sanctions on oil sales by the end of the week. There are no reasons for a confident turn down yet.
USD/JPY Trading interest is shifted towards purchases, but the pair entered the zone of a strong technical correction. There are no fundamental factors of our own, we are following the dollar. Before the publication of the NFP active movement is unlikely. ⠀
GBP/USD Johnson banned the publication of a detailed report on the Gray investigation, so this factor no longer affects the pound. Pay attention to the PMI of industry and services in Britain. We are waiting for the main reaction to the decision of the BoE meeting, the markets are waiting for the rate increase. If the rate remains unchanged, the pound risks losing...
EUR/USD We pay attention to inflation in consumer prices and GDP, as well as PMI of industry and services. A strong reaction to the ECB meeting is unlikely; short-term speculation is possible on Thursday's comments. The arrangement of trading volumes is still biased towards sales, but the result may upset this balance.
USD/JPY Kuroda confirmed that the BOJ is not ready to tighten measures and will maintain the current amount of monetary stimulus for at least another 6-8 months. The yen continues to ignore its fundamental factors and is actively used as a protective asset, so the current trend depends only on external circumstances. Medium-term trading interest implies a range of...
GBP/USD Johnson announced the abolition of social distancing rules under Plan B. Today, the representatives of Britain and the EU in the Brexit process, Elizabeth Truss and Maros Sefcovic should formulate the next «interim» results but the reaction of the pound to this information is unlikely. Balance of volumes is shifting towards purchases. The fate of the...
EUR/USD he process of electing the president of Italy will begin today. Mario Draghi remains the most likely contender for the post, but any rise in Italian bond yields on the back of a declining euro will be short-lived. There are no own factors for sharp movements, all attention is focused on the Fed meeting. The medium-term sales priority remains. ⠀
XTI/USD The US and China have reached an agreement to release oil from China's strategic reserves by February 1st. The EU's top diplomat confirmed progress in talks with Iran on a return to a nuclear deal. Regardless of the current negative for oil and the failed US reports, the oil will rise to the 90 zones on the old pending sales.
USD/JPY Trading interest is biased towards selling, but strong buying interest is accumulating above the 115 zones. Pay attention to the information and press conference BOE.
EUR/USD Speculation on the theme of the presidential elections in Italy neutralizes all the factors for the euro. Before the preliminary election results, current cautious purchases with targets above the 1.15 zone. ⠀
GBP/USD The pound rose on expectations of the resignation of Prime Minister Johnson and the readiness of the British government to lift quarantine measures by the end of January, but there are still not enough votes to vote on a vote of no confidence. We are carefully studying economic reports, as expectations for the rate of increase in BOE rates are serious....
GBP/USD Johnson is not ready to escalate the conflict with the EU over the Northern Ireland protocol ahead of regional elections in Stormont. Britain cannot cope with Omicron, the resources of military hospitals and personnel have been mobilized. The absence of a new quarantine is keeping the pound in an upward channel so far, but there is no strong impetus for...
EUR/USD The fundamental background of the EU is now much less important than information from the US. The pair continues to move within the channel 1.1250-1.1400, there is a weak priority of purchases, but there are no factors for an upward breakdown yet. Lagarde's speeches are unlikely to change the balance of power. You should pay attention to the statistics of...
XTI/USD OPEC+ outside OPEC has left unchanged plans to increase oil production in February. The current growth is supported by events in Kazakhstan and pipeline problems in Libya. Trading volumes are accumulating for a downward correction, after which a transition to a flat is most likely before any progress appears in the US-Iranian negotiations.
Talks on Iran will resume today, but the US continues to deny any progress. The OPEC + non-OPEC meeting will take place tomorrow, but the Cartel's policy is not expected to change. Another downward correction wave is technically needed before the growth continues.
Below zone 114, large sell volumes are visible, so any fundamental factor in the dollar will be used by speculators for a technical correction. A strong reaction to Chinese statistics is possible on Thursday. ⠀
The number of COVID patients is growing at a record pace. The British Minister of Health said that there are no plans to tighten the quarantine yet, but analysts are confident that the current restrictions will be extended until at least the end of January. Revision of the current measures of social isolation is expected tomorrow, decision will have an impact on...