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Forexchief

EURUSDAgainst 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 conclusions about the formation of any new trend. The accumulation of trading volumes in key areas is relevant until the end of this week. Large options were closed last week. The market is in a state of shock, so all technical recommendations should be considered a short-term situational assessment. The euro and oil will be especially volatile. ⠀ The statistics of the current week can cause a strong reaction only if any extreme data appears, with a strong deviation from the forecast. Own fundamental factors for individual assets have almost no effect on real dynamics.
by Kuznetsov_Sergey
GBP/USDGBP/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 situation after publication of statistics will develop in the direction of breakdown of boundaries of channel 1.3450 − 1.3750.
Long
by Kuznetsov_Sergey