The economy is restarting and you can see this as check the oil prices graph. It is going up and up the last days and especially in the last two days. The WTI price climbs to $33.05 after the negative prices last month.
The oil prices may found a good resistance at the current level of $33.05 and if move up the next resistance may stop the rising prices at...
We expect very slowly recovery of the tourism industry. The people will not restart travel like before. They will spend many months or even years to cover the losses during the quarantine. Also they will try to make a buffer for eventually new bad days.
Loans, losses recovery and making a buffer will take a lot of time. We predict recovery at about 55-65% of the...
Most of them are well known for all. Everyone hopes, that they will start recovery in a short amount of time.
In West Europe we don't expect too early recovery, although some restrictions are down.
World-Signals expects the economic problem to exist beyond the reach of 2020 to 2021.
One of the biggest structures to suffer are the tourism - ski resorts,...
The first part of our forecast since March 26th is a fact. Then we predicted that Dow Jones will reach level of 24000 in a short time. The current forecast continue like the same as before - World-Signals expects to see Dow Jones at levels below 18000 in the next few months.
It may pass full month or even two months in almost neutral trading between 22000 and...
The plan for $2 trillion will not support the market in long-term period.
The Dollar will not win by the Trump plan for $2 trillion. Our expectation is temporary gains of Dow Jones, Nasdaq, S&P and so on but the Dollar may lose ground against the Euro to levels of 1.14 in the coming couple of days.
The Trump idea for battle with the Corona Virus changes too...
It is the time of OPEC and OPEC+ meeting in Vienna. The worldwide expectations are focus over the new productions cut between 400 000 and 500 000 barrels per day.
Russia has the last word finally and it will happen tomorrow (Friday Dec 6th). Russia is on the way to say that the current Oil price is a good price and further productions cut may cause damages ahead...
The Gold spot upward momentum is over. The pick of price close to $1557 for ounce one and a half month ago is far away. The current Gold trend moves from neutral to downtrend. In a short time we expects to see levels below $1450. The Gold price may set at $1400 or even below to $1375 till the end of the year.
The new phase of trade war between the two biggest world economics is fact. The negotiations do not leave a doubt - nothing as result. The trade war immediately react with serious down of Crude Oil price (WTI) down more the 350 pips within 2-3 hours time.
Our trading strategy for tomorrow is continuing of downtrend to levels below $52.00 per barrel.
The price of...
OPEC may boost oil supplies shortly is the latest expectations. The oil prices direction was up for 4-months starting from Christmas and rise from $42.35 to $66.57. In the last couple of days there are new factors that affect the oil prices. The first and most important is OPEC expectations for boost of oil supplies. The second is the sanction over Iran oil...
Weekly Strategy - New sanctions against European companies will support the dollar.
Support/Resistance: 1.1300 - 1.1525
This week we recommend focusing on Wednesday of FOMC Minutes, ECB Monetary Policy Meeting Accounts on Thursday and Germany GDP on Friday. But the focus is not so over the fundamentals events. The key events that...
Step by step the dominant of the Dollar is close to end. Russia who own $95 billion of U.S. Treasury securities cut it to $48 billion in April 2018. The cut is almost 50% and if China follows Russia the pressure over the Dollar will raise dramatically.
Trade war that already started between United States and rest world is a fact. The number of countries connected...
Weekly Strategy - Trump - Kim Chen Un meeting and Fed interest rates decision on focus this week.
Support/Resistance: 1.1510 - 1.1890
The politic is more important this week than the fundamental events. Probably the event for the year is the expecting meeting on Tuesday in Singapore between Trump and Kim Chen Un. The results...
Daily Strategy - The Dollar with strong support ahead Non-farm payroll week.
Support/Resistance: 1.1560 - 1.1785
This week start with a holiday in United States. It is a Memorial Day and holiday in U.K. for Spring Bank Holiday.
In Germany on Wednesday there are important events that may send positive signals for the biggest...
Daily Strategy - 3-weeks downtrend of EURUSD end and may go up this week.
Support/Resistance: 1.1825 - 1.2050
The potential of the Dollar gains are on the way to end. The Dollar gained against the Euro for 3-weeks about 550 pips. The downtrend end on Wednesday and turned into neutral. This week the focus is over the inflation...
Support/Resistance: 1.1830 - 1.2070
The U.S. Unemployment rate down to a new record low level of 3.9% from 4.1% last month. Non-farm payroll report was positive since month of March but not so much as the expectations. Nevertheless the key Friday's report was positive together with the interest rates divergence with Euro...
Daily Strategy - Interest rates on focus and ECB to keep it unchanged this week.
Support/Resistance: 1.2215 - 1.2350
This week the most important event is ECB Interest rates decision. It is widely expecting ECB to leave the interest rates unchanged. ECB probably will focus as a main reason to leave the interest rates at the...
Daily Strategy - Geopolitics instead Fundamental for the Forex trading forecasts.
Support/Resistance: 1.2215 - 1.2395
Retail Sales is on focus today as we expect positive report. Also expect today Empire Manufacturing, Business Inventories and Net Long-Term TIC Flows.
The expecting new sanctions against Russia and the escalating...
Support/Resistance: 1.2215 - 1.2360
The events that will move the forex market are the continue trade war between United States and China. Also the effect of U.S. Nonfarm payroll will take a place at the beginning of the week. The Dollar lost about 50-60 pips after the Friday's key report and may lose still more pips at the beginning...