USDJPY The balance of volumes has shifted to the buying zone, but it is not worth opening new positions yet − the technical correction continues. If the dollar does not interfere, then the bears can make a full-fledged retest of the protection zone of 137.80−136.50 and wait for the results of the BOJ meeting at these levels.
GBPUSD Reaction to the two rounds of the election of a new prime minister can be considered weak − the pair remains in a strong range of 1.2050−1.1750. Statistics of the current week are unlikely to give a strong enough impulse to break through the borders. The balance of volumes is still shifted to the sales zone and any political negativity can drop the pound...
EURUSD The pair broke the parity level for the first time in 20 years, and this situation is unsustainable. Sellers are cautiously mastering the area of 0.9950−0.9850, but fixing profits too quickly and cannot consolidate yet. Key price zones remain, although the euro still has a chance for a positive. The level of 1.0050−1.0150 is accumulating buying interest,...
Tesla made a leap and exited the Ichimoku cloud. After a three-month decline in quotes to the level of $600 per contract, Tesla made a growth spurt and broke through the trend line of the long-term downward channel. The situation was significantly changed by the Chinese market and sales growth in June was 142% and 135% higher than in the same period in 2021, as...
USD/JPY The yen made a rather unpatriotic attempt to rally after the assassination attempt on Shinzo Abe, but Nikkei 225 futures in Osaka shed 1.4% of their positive and the situation remained volatile. Investors continue to buy the yen and US government bonds. The main buying interest is above 137.50. The potential for a rollback down is still weak.
GBP/USD Johnson's resignation may reduce the degree of political uncertainty, which held back the growth of all trading assets involving the pound. Major speculators are just getting ready for strong action and are accumulating buying interest above the 1.20 zone and new buying interest is accumulating. There is still not enough foundation to break through the...
EUR/USD The couple stopped at the threshold of parity. The fundamental background favours the strengthening of the dollar, but the pace of the euro's decline depends on the macroeconomic data of the current week. The balance of volumes is shifted in the direction of sales, but a technical correction is needed, at least to the zone of 1.0350-1.0420.
XTI/USD Buyers are trying to make up for losses and will use even insignificant fundamental factors to move up. Oil is supported by rising supply-side risks associated with Kazakh oil flows. Only the worsening of the epidemiological situation with a new lockdown in China can correct the intentions of buyers.
XTI/USD OPEC+ maintains the same momentum: production growth will not exceed 648 thousand barrels per day, although this is not enough for a confident market balance. Force majeure in Ecuador and Libya remains a short-term speculative factor. In the medium term, interest in buying remains. Active sales are possible after a confident breakdown of the 101.50-100.00 zone.
USD/JPY There is growing concern among Japanese industrialists about the prospects for economic growth amid rising commodity prices and the coronavirus outbreak in Asia. Working out the reaction to the statistics, which showed a decrease in confidence in the country's economy, is almost completed, but the trade interest in buying remains. The growth scenario can...
GBP/USD The pound does not have its own fundamental factors. Tomorrow is the release of the Services PMI and Bailey's speech. No important information is expected, especially since it is not customary in Britain to announce a correction in monetary policy and/or the key rate. So we follow in the wake of the euro and follow the dollar.
EUR/USD The pair is trying to catch on to the fourth figure. To fall below 1.0350, a strong informational occasion is needed (see the minutes of the ECB and the Fed), otherwise, all southern impulses will die in this zone. Any correction can be used to open purchases with rather modest targets: 1.0550-1.0650.
Alerian MLP ETF risks falling to 2021 low ETF Alerian, after updating the two-year high of $42 per contract as part of a long-term uptrend, began a rapid flight to the $30 support level, breaking through the trend line of the two-year uptrend channel. The current downward dynamics of Alerian's decline puts investors in a stupor, the presence of gaps only confirms...
The US may be left without Russian gold. The US Treasury Department plans to issue a decree banning the import of new gold from Russia. The relevant information is contained on the official website of the administration of President Joe Biden. Thus, the Biden administration will expand targeted sanctions to further restrict Russia's access to global financial...
USD/JPY Results of the last meeting of the BOJ were not in favour of the yen, so the growth of inflationary indicators did not excite traders: the price showed a formal reaction, falling by only a few tens of points. Substantial pullbacks down can be used to open new longs, but there is a strong protection zone ahead with 1998 highs. It can be broken only on...
GBP/USD Business activity in the UK is falling, while the inflation rate is growing and does not pay attention to the actions of BOE. This week's information flow may improve the overall impression, but the likelihood of a new uptrend is extremely small. Purchases can be relevant only after a confident breakdown of the zone 1.2500/20.
EUR/USD The pair is stuck in a range of 100 points, and there are no fundamental factors to get out of this swamp yet. ECB is trying to regain control of inflation while avoiding even a hint of a recession. Short positions dominate the balance of volumes. If the bears can overcome the zone 1.0350/00, the chances of an upward reversal will be minimal.
XTI/USD The Cartel will likely stick to the production plan that was announced at the previous meeting − a total increase in production by 648 thousand b/d. We are waiting for the results of Biden's visit to Saudi Arabia, which will resolve several geopolitical issues. So a calm OPEC+ meeting is expected, although unpleasant surprises, as at the last summit, are...