UKRAINE: Anti-Graft Bodies Raid Offices, Apartments Of Zelensky's Chief Aide
Wires report that Ukrainian anti-graft bodies National Anti-Corruption Bureau (NABU) and Specialised Anti-Corruption Prosecutor's Office (SAPO) are searching the office and apartments of Andriy Yermak, head of President Volodymyr Zelensky's Office and a key power broker in the governing administration.
- The searches are believed to be part of Operation Midas targeting Ukraine's largest corruption scandal since the beginning of the Russian invasion. Earlier this month, Ukraine's independent anti-graft agencies brought charges against several people from President Zelensky's inner circle.
- The case is another instance of a deepening rift between Ukraine's special services. NABU and SAPO detectives have found themselves in the crosshairs of the Security Service of Ukraine (SBU), accountable directly to the President's Office. Earlier this week, Ukrainska Pravda reported that Yermak ordered the SBU to move against SAPO head Oleksandr Klymenko.
- President Zelensky has resisted calls to fire Yermak, who remains his most senior aide and Ukraine's chief peace talks negotiator, despite being engulfed by the escalating corruption scandal. Analysts have described him as Zelensky's key gatekeeper, who has gradually made himself indispensable and amassed extensive informal influence.
- The ouster of the grey cardinal would represent a major development in the internal power struggle in war-torn Ukraine amid sensitive peace negotiations. The corruption scandal has weighed on the morale of the Ukrainian public and complicates talks with Western partners, whose domestic constituencies demand closer scrutiny of foreign aid.
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GBPUSD TECHS: Clears The Bear Trigger
- RES 4: 1.3527 High Oct 1
- RES 3: 1.3471 High Oct 17 and a key short-term resistance
- RES 2: 1.3422 50-day EMA
- RES 1: 1.3377 20-day EMA
- PRICE: 1.3221 @ 08:26 GMT Oct 29
- SUP 1: 1.3212 Intraday low
- SUP 2: 1.3142 Low Aug 1 and a key support
- SUP 3: 1.3041 Low Apr 14
- SUP 4: 1.2971 1.382 proj of the Sep 17 - 25 - Oct 1 price swing
A bear threat in GBPUSD remains present and this week’s sell-off strengthens this theme. The pair has breached 1.3249, the Oct 14 low and a bear trigger. The break confirms a resumption of the downtrend that started Sep 17 and sights are on 1.3220 next (pierced), a 0.764 projection of the Sep 17 - 25 - Oct 1 price swing. The break lower has also exposed key support at 1.3142, Aug 1 low. Initial resistance is 1.3377, the 20-day EMA.
SILVER TECHS: Monitoring Support At The 50-Day EMA
- RES 4: $56.153 2.500 proj of the Aug 20 - Sep 16 - 17 price swing
- RES 3: $55.444 2.382 proj of the Aug 20 - Sep 16 - 17 price swing
- RES 2: $55.000 - Round number resistance
- RES 1: $49.456/54.480 - High Oct 23 / 17 and the bull trigger
- PRICE: $46.167 @ 08:23 GMT Oct 29
- SUP 1: $45.652 - 50-day EMA
- SUP 2: $41.135 - Low Sep 17
- SUP 3: $40.000 - Round number support
- SUP 4: $38.087 - Low AUg 27
Trend signals in Silver are bullish and the latest sharp pullback is considered corrective. Note that the trend condition has been in overbought territory and the deeper retracement is allowing this to unwind. Attention is on support at the 50-day EMA, at $45.652. It remains intact but a break would signal scope for a deeper retracement. Key resistance has been defined at $54.480, the Oct 17 high. Initial resistance is at $49.456, the Oct 23 high.
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