Events to pay attention to today:
18.30 MSK. USA: Data on crude oil reserves from the Ministry of Energy.
EUR / USD:
On the eve of the US Congress, the head of the Fed Jerome Powell was performed, who once again stressed the need to maintain current monetary policy. The questions of congressmen that the regulator will do in case of strong inflation growth, the head of the Fed replied that the monetary authorities have all the necessary funds for this, but the Fed does not expect strong growth in consumer prices, since it requires significantly more time for this process, What are the Congressmen think. On the interbank in London, dollar interest rates are still near the historic minimum - there are no demand for dollars from bankers, and how he gets to take when the Fed "downloaded" a huge amount of liquidity into the financial system and continue to do this in the coming months. And if so, the reduction of quotations in this currency pair is advisable to use to open the position of BUY.
Investment idea: Buy 1.2130 / 1.2110 and Take Profit 1.2190.
GBP / USD:
Tonight, the Fed of the United States will increase the amount of operations in the treasury bond market, which can cause a short-term weakening of the dollar. The maximum volume of purchases Trezeris this week is scheduled for Friday. Additional dollar pressure can provide an oil market where you can expect positive data from the US MINEnergo. Oil reserves in American storage facilities are now below the five-year middle level, and this figure will continue to decline, since the cold weather in Texas caused a reduction in hydrocarbon production in this most important to the American oil market in the region.
Investment idea: Buy 1.4125 / 1.4095 and Take Profit 1.4193.
USD / JPY:
On the one hand, we can expect a decrease in quotations against the background of a surplus of dollar liquidity in the banking system. Interbank interest rates in the markets of London and New York are close to historical lows, and this factor will have a negative impact on the value of the American currency. On the other hand, the continuation of the ascending trend in the US stock market can borne investors on the purchase of USD / JPY, since the currency pair has historically correlated with the S & P 500 index. The head of the Fed Jerome Powell declared the Congressmen that the monetary authorities will continue to buy treasury and mortgage bonds in the current volume $ 120 billion for a long period of time, since inflation and employment indicators are far from the target values of the federal reserve. For the stock market, this is a positive signal.
Investment idea: Flat 105.15 -105.85.
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