Fecha Actual:June 19, 2021

G7 finance ministers rule out digital global currency

The G7 Finance Ministers and Central Bank Governors met on May 28, while the Finance Ministers were from June 4 to 5, 2021. The Heads of the International Monetary Fund (IMF), Group of the World Bank, Organization for Economic Cooperation and Development (OECD), Eurogroup and the Financial Stability Board (FSB). Among the topics agreed and discussed, they ruled out the creation of a global digital currency that was so much commented on as a result of the growth of cryptocurrencies. However, they did not suppress in the future starting to operate in the context of digital payments that adequately addresses the relevant legal, regulatory and supervisory requirements through appropriate design and adhering to applicable standards.

They maintained that they are committed to international cooperation to ensure common standards, including supporting international standard-setting bodies in reviewing existing regulatory standards. They emphasized the importance of addressing any identified gaps. These clarifications left a space for the dialogue to regulate digital payment methods and cryptocurrencies to continue in the future.

Market projections

EURUSD closed its trading on Friday in buy. The preference is to sell below 1.22. Sell start at 1.2150 to 1.2130 (if Monday’s open goes on sell). Otherwise, when the buyer closes on Friday, it may return to 1.22. From 1.22 it buys back to 1.2210 with an extension to 1.2230. Caution at maximum levels of 1.22

GBPUSD closed its trading day on Friday. The preference is to sell below the highs of 1.42. If the opening on Monday is a buyer, we have the possibility of buy at 1.4170 to 1.4190. Otherwise, if sellers open, we start to sell at 1.4150 to 1.4135. Below 1.4130 to 1.4110 and 1.41.

USDCAD closed its trading session on sell. The cross remains above its lows. The preference is to wait for buyers over 1.2090 to 1.21 and 1.2120. Otherwise, if the Monday opening opens seller, sell will remain from 1.2070 to 1.2060 and 1.2050. Caution with sell over 1.2050 and 1.2030.

USDCHF closed sell. Below 0.90 it remains sold. Sell start at 0.8990 to 0.8967. If buyer opens on Monday, we return to buys from 0.90 to 0.9020. Then, above 0.9030 the buy pressure is maintained until 0.9050. Caution with buys at the highs of 0.9050.

XAUUSD closed buyer on Friday. However, the 1900.0 level remains at the top. If Monday’s open opens higher, we start buy from 1897.40 to 1903.0 and the 1909.50 level. Caution with buy at the levels of 1900.0 may be testing at highs. Otherwise, we have sell in 1880.0 to 1868.60. Silver is holding buyer, the level of 27.90 is expected. After the 27.90 interval, we expect to buy at 28.0.

BTCUSD closed sell on its last day. Above 36,000 the level of positioning is maintained. Buys are preferred above 37,400 through 38,300 and 39,000.

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