FOREX: Key EURUSD Resistance Building ~1.0530

Kremlin spokesperson Dmitry Peskov told reporters that Moscow is yet to receive signals from the White House about a meeting or call between Russian President Vladimir Putin and US President Donald Trump, noting a "certain amount of time" was needed before a meeting could take place, per Reuters. 

• Comes after Peskov said on Friday: “Putin’s ready, we’re waiting for signals. Everyone is ready.”
• Putin said in an interview on Friday: "We have always said, and I want to emphasise this again, we are ready for these talks on the Ukrainian issue."
• In the interview, Putin appeared to offer Trump a sweetener, supporting Trump’s claims that the US presidential election was “stolen” and the Ukraine war could have been avoided if Trump were president: “...if they hadn't stolen victory from him in 2020, the crisis that emerged in Ukraine in 2022 could have been avoided."
• The comments are consistent with regular Kremlin comments signposting openness to talks, but the more conciliatory language appears to signal a more genuine pivot to reopening lines of communication than during the Biden administration.
• Putin's comments came after Trump issued his first threat to Russia since taking office: “If we don’t make a “deal,” and soon, I have no other choice but to put high levels of Taxes, Tariffs, and Sanctions on [Russia]...”
• Politico notes: “Putin and his inner circle aren’t taking Trump’s recent sanction threats seriously, instead seeing it as posturing ahead of actual direct talks about the war in Ukraine.”

TYH5 108.50/110.50 RR , bought the call for 17 in 30k (ref 109.03).

• Despite the Risk Off tone, led by Tech, the Bank Index (SX7E) is doing better, trading circa flat on the day, now edging to session to close the opening gap.
• This chart remains one of the most interesting one at the start of 2025, with the next big level seen up to 163.34, the 2014 high.
• No surprises in seeing the Tech sector as the worst performer, (SX8P) has seen its biggest single move since 15th October, and looking to test the 800.00 level