The euro became rare / the dollar market is waiting for the decision of the board of governors
The most important event in the currency and coin market on Sunday was the arrival of the coin price to Channel 14 and its stabilization above this limit, which has been unprecedented since August 25.
Behind the scenes of the increase in the price of coins
Considering that the ounce was stable, the most important reason for the increase of the coin was expectations and the rise of the dollar.
Traders believed that the growth of the coin price was more than the price of the dollar, and they pointed to the coin bubble, which increased by 100,000 to 1,700,000 tomans.
Herat dollar to Tehran dollar signal
The dollar price in Tehran market increased by more than 200 tomans and became 30,700 tomans. At the same time, in the dollar market, we are looking at the Herat market. Technical analysts believe that if the Herat dollar exceeds 30,900 tomans, the Tehran dollar will be allowed to enter the channel at 31,000 tomans. If the Herat dollar rejects the resistance of 31,200, the volatility in the Tehran currency market will be more intense.
The coin behind the sensitive border
According to Eco Iran, one thing that exists in the market is the behavior of the coin price. The coin stands behind the important resistance of 14 million and 200 thousand tomans. Traders give two reasons.
The first reason: in the previous years, when the coin was above 14 million 200 thousand tomans, it was accompanied by a cascade decline.
The role of the market maker in creating the gap between cash and future dollars
Second, traders look at the behavior of currency market makers. The currency market maker has subtly placed a distance between the spot and futures dollar prices. This was clear in Herat market and the difference between the cash price and the future price reached over 300 Tomans. Traders think that when the dollar is 300 tomans higher in tomorrow’s transactions, it means an increase, but when the cash market is 300 tomans lower than tomorrow, it means that the market maker’s ability to control the cash price is high.
Therefore, if Farda exploits this gap with tricks, the price can fall on a larger scale. For this reason, in the behavior of currencies and coins, the rise is seen with caution.
Footprints of two councils in the currency market
They were discussing the decisions of the two councils in Dushanbe market. The first council was the money and credit council. The deputy official of the central bank announced that according to the decision of this council, if an account has more than 100 deposit transactions per month worth 35 million tomans, it is considered a commercial account. Traders say that this decision may have an impact on the market in the short term, but in In the long term, it causes distrust in the rial.
The second council was the council of governors. This council is supposed to examine one of the most important axes of Iran’s cooperation with the Agency. According to the western media reports about Iran’s progress in the nuclear fields, some think that it is possible for the Council of Governors to take a stand against Iran.
The currency market is waiting for the decision of the Board of Governors
Although some say that the current phase is not the phase of hard encounters. Traders say that until the day when the result of the Council of Governors comes, the market will have the status of the last two or three days and expectations will be adjusted depending on the outcome of the meeting.
The euro became scarce
1: In the Ferdowsi currency market, the euro was scarce and because of that, the rate of the euro exceeded the dollar.
The headline rate and the dollar have come close
The second point was about Tether. The rate of Tether in Sunday’s trading was almost equal to Tehran’s cash dollar. Tether is used in digital currency transactions, that’s why its price fluctuation is important for some activists.