Daily Strategy - Geopolitics instead Fundamental for the Forex trading forecasts. EURUSD (1.2330) Trend: Neutral 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...
EURUSD (1.2277) Trend: Neutral 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...
EURUSD (1.2304) Trend: Neutral Support/Resistance: 1.2240 - 1.2360 The most important news that will move the Dollar is the starting trade war between United States and China and the effect over the economy. If the United States duty helps to economic growth the effect probably will be temporary within couple of months. The Dollar may growth during these months...
EURUSD (1.2371) Trend: Neutral Support/Resistance: 1.2240 - 1.2415 The major news from the last week will continue to influence over the forex trading. The Federal Reserve changes the key interest rates with 25 bps up to 1.75% and the big difference with the Euro Zone will stop the fall of the Dollar fast. Our trading strategy for today is to trade into neutral...
EURUSD (1.2339) Trend: Neutral Support/Resistance: 1.2260 - 1.2415 The biggest event come not today but tomorrow on Wednesday but is widely dominate over the forex market. It is FOMC Rate Decision as is expecting Fed to hike Interest rates with 25 bps. It is expecting the key Interest rates to up to 1.75% from the current 1.50%. For today is possible temporary...
Daily Strategy - The Dollar may gain today before fall against the Euro. EURUSD (1.2372) Trend: Neutral/Upward Support/Resistance: 1.2295 - 1.2415 For today is expecting confirmation for the good U.S. jobs data with the report for Initial Claims and Continuing Claims. Also the other key event today is Philadelphia Fed all data schedule for 8:30 AM...
Daily Strategy - Nevertheless positive Non-farm payroll report the dollar will lose again EURUSD (1.2333) Trend: Neutral/Upward Support/Resistance: 1.2270 - 1.2395 For today the key fundamental data comes from United States. It is not expecting some big changes from the prior month of CPI and Core CPI schedule for 8:30 AM ET. After the one of the best Non-farm...
EURUSD (1.2406) Trend: Neutral/Upward Support/Resistance: 1.2290 - 1.2480 From the prior week the traditional Initial Claims on Thursday show better report than expected and probably will continue with the perfect stat today. But do not forget for Friday's most important data U.S. Nonfarm payrolls report. The other very important event today is at 12:45 GMT ECB...
EURUSD (1.2309) Trend: Upward Support/Resistance: 1.2250 - 1.2390 The key moment from the start of the new business week are followed for 10:00 AM ET - ISM Services as the expectations are for negative data compare with the prior month. As overall the good days for the dollar are over. Slowly but sure the dollar will continue to lose pips against the Euro. Our...
EURUSD (1.2192) Trend: Neutral/Downward Support/Resistance: 1.2125 - 1.2280 After temporary stop of the Dollar gains against the Euro in two days the trend into downward continue. Today we recommend to focus in the morning for data from Europe but mainly focus over the United States data at 8:30 AM and 10:00 AM Eastern Time. It is expecting the key Personal Income...
Daily Strategy - Trade in short EURUSD positions with small profit today. EURUSD (1.2274) Trend: Neutral/Downward Support/Resistance: 1.2205 - 1.2360 The release of FOMC Minutes showed risk of inflation lag to target in 2018. In the first minutes of FOMC release the dollar lose some pips while after that start to gain against the Euro. A new portion of...
Daily Strategy - Dynamic day is expecting due to fundamental events. EURUSD (1.2327) Trend: Neutral Support/Resistance: 1.2270 - 1.2390 Today is a rich day of fundamental events from Europe and United States. The most important event comes in the morning at 8:00 AM GMT Non-monetary policy's ECB meeting. The rest important events are 30 minutes and one hour later...
Daily Strategy - Temporary recovery of the dollar against the Euro. EURUSD (1.2383) Trend: Neutral/Downward Support/Resistance: 1.2320 - 1.2495 After the rest day in United States the new week started with less economic events in United States. The key events today come from Germany and EU at 10:00 AM GMT Germany ZEW Survey - Current Situation, ZEW Survey -...
EURUSD (1.2542) Trend: Neutral/Upward Support/Resistance: 1.2390 - 1.2580 The last day of this dynamic and full of fundamental events week will release another events like: Housing Starts and Building Permits at 8:30 AM ET, Import Prices ex-oil, Export Prices ex-ag. and Michigan Consumer Sentiment - Prelim. These events probably will not change the current trend...
EURUSD (1.2461) Trend: Neutral/Upward Support/Resistance: 1.2330 - 1.2490 The dollar recovery against the Euro for a short time after yesterday reports for CPI and Retail Sales. But it was temporary and the dollar losses continue few hours after the key U.S. data. For today the key events are at 8:30 AM Eastern Time is Initial Claims, Continuing Claims, PPI, Core...
Daily Strategy - Important events will move EURUSD at 1.24 and above EURUSD (1.2379) Trend: Neutral/Upward Support/Resistance: 1.2285 - 1.2400 For today the most important events come from Euro Zone and Germany. These events are Germany, Euro Zone GDP, Euro Zone Industrial Production at 10:00 AM GMT. In United States pay attention to Retail Sales, CPI at 13:30...
EURUSD (1.2322) Trend: Neutral/Upward Support/Resistance: 1.2205 - 1.2340 If you follow our forecast for EURUSD from the first business day of this week you know that we expected consolidation at the current level. The dollar gains for the last 6-days are over. The consolidation process may end if we see levels above 1.2340. The fundamental events today are not...
EURUSD (1.2289) Trend: Neutral Support/Resistance: 1.2205 - 1.2340 At the beginning of the new business week expect U.S. Treasury Budget report at 14:00 Eastern Time. As overall continue to use technical analysis today. The dollar gains against the Euro are limited and may end today. World-Signals.com trading strategy for today is to open long position during...