🛢 Oil reserves in the US strategic reserve have fallen by a minimum since 1984.

📊 The strategic reserve is smaller than commercial crude oil reserves. The last time such a situation was observed more than 40 years ago, and then this event led to an increase in oil purchases in the strategic reserve.

The United States will increase oil purchases, which is favorable for the growth of oil prices.

👉 Investment idea: buy limit #WTI 77.08, take profit 78.76

📈Industrial metals are in good demand, which is favorable for the Australian dollar, as Australia is among the world's leading exporters of these metals.

👉Investment idea: buy limit AUDUSD 0.6433, take profit 0.6490.

September 29th

USDJPY Buy position
Support levels: 144.37 – 143.70
Resistance levels: 145.38 – 146.07

XAUUSD Sell position
Support levels: 1625.44 – 1605.47
Resistance levels: 1653.60 – 1668.41

🛢OPEC+ discusses production cuts of 1 million barrels per day at a meeting on October 5.

📉At their last meeting on September 5, the OPEC+ countries agreed to reduce production by 100,000 barrels per day.

📈If production cuts are agreed, the oil market will get a good boost for growth. Traders will now begin to win back this event, and on October 5, growth may accelerate.

👉 Investment idea: buy limit #BRENT 87.07, take profit 89.57

🇺🇸The US Treasury has $661.9 billion in Fed accounts and today the Treasury will hold auctions for $79.5 billion, bringing its account to over $741 billion.

💰The growth of cash on the account of the Ministry of Finance leads to a reduction in dollar liquidity in the financial system and has a favorable effect on the dollar.

👉 Investment idea: sell limit GBPUSD 1.1171, take profit 1.1071

🇪🇺Inflation in the Eurozone has renewed its historical maximum and reached 10%.

📊The inflation rate is 1.7% higher than in the US, and the discount rate of the Central Bank in Europe is 2% lower than the US one. Such dynamics is negative for the euro and positive for the US dollar.

👉 Investment idea: sell limit EURUSD 0.9815, take profit 0.9738

🇬🇧 Prime Minister Liz Truss called for a vote of no confidence in the UK Parliament.

🤦 Truss's dissatisfaction arose because of the program presented to her to combat the energy crisis through sharp tax cuts.

📉The political crisis in the UK is intensifying, which will lead to sales of the pound.

👉 Investment idea: sell limit GBPUSD 1.1220, take profit 1.1105

🛢As part of the OPEC+ summit, an unexpected decision was made to cut oil production by 2 million b/d. At the beginning of the week, there were rumors in the market that the world's largest oil producers could cut production in November by 1 million b/d, but in the end we got a pleasant surprise.

🇸🇦The main reduction will be in Saudi Arabia, which will have to cut production by 0.52 million b/d..

👉Investment idea: buy limit #WTI 86.25, take profit 87.84

📈Industrial metals are in good demand, which is favorable for the Australian dollar, as Australia is among the world's leading exporters of these metals.

👉Investment idea: buy limit AUDJPY 92.81, take profit 93.38

🇺🇸The US failed to reach an agreement with Iran on a nuclear deal and uphold sanctions against the Islamic Republic.

📈For oil prices, this is a positive signal, as earlier traders feared the return of Iranian oil to the world market after the lifting of sanctions.

👉 Investment idea: buy limit #WTI 91.01, take profit 92.25.

🇬🇧The Bank of England will increase the maximum volume of daily auctions for the purchase of government bonds as part of a temporary program, the launch of which it announced on September 28.

📊"The Bank is prepared to deploy this unused capacity to increase the maximum volume of the remaining five auctions above the current level of up to £5 billion per auction," it said in a statement.

📈The British government debt market is showing growth today, which is favorable for the pound..

👉 Investment idea: buy limit GBPUSD 1.1025, take profit 1.1119.

🇺🇸A strong rise in US 10-year government bond yields is negative for gold.

👉Investment idea: sell limit XAUUSD 1674, take profit 1655.

🇬🇧Positive news from the UK.

1️⃣The Bank of England from 11 to 14 October will increase purchases of government bonds to support the debt market.

2️⃣The unemployment rate in the UK fell to a 45-year low and reached 3.5%.

👉 Investment idea: buy limit GBPUSD 1.1015, take profit 1.1094.

📣Bloomberg has voiced the hypothesis of an increase in the shortage of oil in the world market, and we fully agree with this.

1️⃣At the last OPEC+ summit, it was decided to cut oil production by 2 million b/d. Two million barrels a day is in theory, in practice the reduction will be half as much, since many countries produce oil below the previously agreed quotas.

2️⃣An additional impact on the supply deficit will be the United States, which will buy black gold in its strategic reserve from November. The American strategic reserve has lost weight to a minimum since 1984 - the States are actively supplying oil to the market in the hope of reducing the cost of energy resources before the November 8 congressional elections. After the elections, the US will begin to replenish its strategic reserve.

👉 Investment idea: buy limit #BRENT 92.40, take profit 95.37.

🇪🇺 The ECB has published fresh statistics on changes in assets on its balance sheet. The indicator decreased by €39 billion, against an increase of €33 billion a week earlier.

💼 The ECB is reducing its balance sheet, which is favorable for the euro.

👉 Investment idea: buy EURUSD 0.9715, take profit 0.9771.

📈Growth in real yield (yield minus inflation) of US 10-year government bonds is positive for the continuation of the uptrend in the USDJPY currency pair.

👉 Investment idea: buy limit USDJPY 148.54, take profit 149.15

October 17th

#DJI30 Buy position
Support levels: 29758 – 29513
Resistance levels: 30155 – 30426

GBPUSD Buy position
Support levels: 1.1250 – 1.1178
Resistance levels: 1.1358 – 1.1413

October 18th

#SP500 Buy position
Support levels: 3721 – 3679
Resistance levels: 3790 – 3844

AUDUSD Buy position
Support levels: 0.6285 – 0.6211
Resistance levels: 0.6363 – 0.6439

October 19th

#SP500 Buy position
Support levels: 3722 – 3665
Resistance levels: 3805 – 3850

XAUUSD Sell position
Support levels: 1638 – 1619
Resistance levels: 1652 – 1668

📉 The decline in prices for industrial metals will have a negative impact on the quotes of the Australian dollar, as Australia is one of the world's leading exporters of these metals.

👉 Investment idea: sell limit AUDUSD 0.6338, take profit 0.6279.