OmarNAMOUCHI

"Russian to slow its advence in Special Mil Ops in Ukraine" TASS

Long
OmarNAMOUCHI Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Hello Traders,

TASS the official New Agency in Russia announced this morning "The Russian army deliberately slowed down its advance in the special military operation in Ukraine in order to reduce civilian casualties, Russian Defense Minister Sergey Shoigu said".

This news still not be priced by the market, i think any slow down in war is good news for the EUR and the globale economy.

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"Euro drops <0.99 Dollar, hits 20y low after #Russia turns off gas supply."

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Setp-09th-2022 : ECB raise rate by 75bp.
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Putin: The mobilisation events starts today. 08:11 Sep 21
Putin: The order on partial mobilization has been signed - Interfax. 08:09 Sep 21
Putin: The West has engaged in nuclear blackmail against Russia. 08:13 Sep 21
Putin: I tell the West: we have lots of weapons to reply, it is not a bluff. 08:14 Sep 21
Putin: We will use all resources we have to defend our people. 08:14 Sep 21
Putin: The government must provide funds to increase production of weapons - Tass. 08:15 Sep 21
Russian Defence Min. Shoigu: Russia continues to progress in the Donetsk region. 08:33 Sep 21
Russian Defence Min. Shoigu: We are fighting not only with Ukraine but the collective West. 08:33 Sep 21
Russian Defence Min. Shoigu on Partial Mobilisation: 300,000 reserves will be called up. 08:42 Sep 2

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US. ISM Manufacturing PMI surprised lower then the consensus.
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"The lowest reading for the ISM manufacturing index since covid hit, suggests industrial production could soon fall again."

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"Another moderation in the ISM prices paid component in September, but we'll wait for the services version to form a full picture."

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EURUSD is trading above 50ma on the 60min.

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"Fed Minutes: Participants agreed that at some point, it would be appropriate to slow the pace of rate increases while assessing the cumulative effects of policy adjustments."

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AUDUSD is testing the 100MA on the 60min chart.
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30min before US. Inflation prints of SEP.
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DXY : 16min ahead of the US. CPI Report
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AUDUSD 08min ahead of the US. CPI data.

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"I want to pointout that the printing of the data was on the sametime political events in the UK. Gov. see chart below. I think the UK political event created a Risk-On sentiment in the market the EUR to raise vs the USD for the next 20min on the back of that catalyst"

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Hello Traders.

The EU leaders are communicating with markets about new solution for the 🆖 crisis in the bloc. The recent chart show the price of electricity are falling and this could be a catalist for hugh bid on the EURUSD.

On the technical front, the EURUSD price action is locked inside a tringle formation that can break lower or push higher, i see no trade opportunity on it until next week 🇪🇺 ECB interest rate decision is over. By then market will have clarity on the direction of the ECB monetary policy.

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The EURUSD is ending this week 🆙 1.19%, it is retesting the upper boundary of the triangle formation. Any major break to upside of the EUR/$ will push the exchange rate higher to "1" the parity level.
This afternoon in the london session, there was comunication between the 🇺🇸 US defence minister and his 🇷🇺 Russian counter part: This is a positive news for the market and descaltion of the ☢️ Nuclear threats that irrupted in the last weeks on the media. I think the weakness in the USD happenind due to that communication and the RiskOff sentiment was washed away and the US. Equities bounced to upside see on the chart of EURUSD and NASDAQ100 below.

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🇺🇸 🇯🇵 (Reuters): "Oct21st 2022, The Ministry of Finance intervened in several stages from around 09:35 p.m. (1235 GMT)." #JPY #Chart

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EUR/USD is being rejected by the 200MA on Daily.
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DXY is bouncing off the 200MA on Daily time fram.
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⚠ Double Bottom Formation on USD Index.

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November U.S. CPI and Core CPI. Surprised Lower.
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⚠ Dansk Bank Analyst: ""In the near term, our bearish case for EUR/USD is under pressure. However, we still think EUR/USD is a sell-on-rallies rather than a buy-on-dips."
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Hawkish ECB Press Conference on Dec 15th-2022 made the spread to widen between the Italien 10 Year Gov bond and the German 10 Year Bund. This show that market participants are pricing more risk for EU singale market.
According to Dansk Bank Analyst: "In the near term, our bearish case for EUR/USD is under pressure. However, we still think EUR/USD is a sell-on-rallies rather than a buy-on-dips."
So with this being said, i'll have to start to look for short EUR/USD.



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