Latest news from the Vienna talks / Possible reaction of the financial markets with the beginning of the week
According to Tejarat News, both Iran and the United States say that the agreement in Vienna is not out of reach, but the other must make the final decision. The head of the Russian negotiating team also considers the possibility of reaching an agreement by the end of this month (AD). In recent weeks, news from Vienna has been generally promising, but the final outcome is still unclear. It seems that in the last two days of this week, the atmosphere of negotiations has been positive. Under these circumstances, the reaction of financial markets to Vienna talks what will be?
Before that, the latest positions of the negotiating parties will follow.
What do the parties say?
ایران
Iranian Foreign Minister Hossein Amir-Abdollahian traveled to Germany today, Friday, February 20, to attend the Munich Security Conference. “Based on Iran’s initiatives, we are very close to a good and achievable agreement,” he said upon arrival.
He added: “It is the Western parties that must show their true initiative and flexibility.” They are the ones who can determine whether the negotiations will be concluded in the next few days or in the next few weeks (ایسنا).
He had previously said in an exclusive interview with the British Financial Times that Iran wanted a “political statement” from the US Congress on its commitment to the nuclear deal to ensure that Washington would not withdraw from the IAEA.
According to Amir Abdullahian, Tehran also wants all sanctions imposed by Trump to be lifted (EconomyOnline).
Mohammad Marandi, media adviser to the Iranian negotiating team in Vienna, also said today: “If the Americans and Europeans make the right decision, there will be a good chance of reviving Borjam in the coming days.”ایسنا).
America
In contrast, a State Department spokesman said “significant progress” had been made in the Vienna talks. As a result, if Iran “shows seriousness”, an agreement will be possible within a few days.
“If Iran shows seriousness, we can and should reach an agreement on the bilateral return to full implementation of the UN Security Council within a few days,” he said.
The State Department spokesman added: “But anything beyond that jeopardizes the possibility of reaching an agreement.”ایسنا).
Positive signals from the negotiation process
Meanwhile, Mikhail Ulyanov, chairman of the Russian negotiating team, said today that the Vienna talks were in the “final stage” and that an agreement was likely to be reached by the end of this month.IRNA).
The Israeli newspaper Haaretz quoted Israeli sources familiar with the Vienna talks as saying: “Most likely, Iran and the United States will soon sign an agreement to revive the UN Security Council.”
According to the newspaper, Borjam includes a specific time frame and some of its clauses are scheduled to expire in about 8 years. If the timetable is not updated, some clauses of the agreement are due to expire sooner and in the next few years. This will enable Iran to resume its enrichment without restriction (Selection).
The possible reaction of the markets to the developments in Vienna
The price of the dollar
Last night, the news of the preparation of a draft agreement to revive Borjam immediately provoked a reaction from the markets. So much so that the dollar overnight welcomed the deal to revive Borjam.
Reuters published details of the draft of the agreement to revive Borjam. Although the contents of this report were distorted by official domestic sources, the markets reacted to this news at night.
As of 10 pm on Thursday, February 17, 2014, the selling price of tomorrow’s dollar decreased to 26,200 tomans. Herat Saturday dollar also returned to the channel of 25 thousand tomans, at this time stood at 25 thousand and 700 tomans.
Gold and coins
Today, the gold and coin market in Iran was closed, but on the last working day of the week, gold price 18 grams descending and Prices for coins It was bullish. Of course, the positive news from Vienna came mainly after the markets closed.
Earlier, Ali Sadeghin, a financial markets expert, told Tejaratnews: “If positive news is transmitted from Vienna and the dollar changes to levels below 26,500 tomans, there is a high probability that the price of gold and coins will return to lower channels.”
He added: “Now there is no expectation of a sharp and significant increase or decrease in the market. Only relatively reliable news from Vienna, both positive and negative, can have a serious effect on prices.
Mohammad Keshtiarai, the second vice president of the Tehran Gold Union, also told Tejaratnews about the gold price forecast: “Considering that the stability of the dollar price on the eve of the remaining negotiations remains stable, the gold price stability is expected to continue next week.”
Exchange
The stock market has been volatile with a negative slope over the past week. However, the stock exchange will probably start its work on Saturday, according to the news that an agreement has been reached in the Barjam negotiations, and will probably start growing in some rial groups.
Nima Mirzaei, a stock market expert, told Tejarat News in this regard: “According to the news that we had in the last two days, I think the market will pay more attention to Rial stocks tomorrow.” However, if we pay attention to the small agreements announced so far and the composition of the negotiating team, the situation for the banking group will probably be better than the car.