World Signal analysis

[World-Signals]

Fed Interest Rates and GDP reports on focus to the end of the week.
The EURUSD trading found a good support line at 1.2055. Although EURUSD trading is possible down correction to 1.2038 where is the next support level the trend into upward direction starts again.
The most important coming events that will take effect over the trading crosses are Fed Interest Rate Decision, Fed's Monetary Policy Statement and FOMC Press Conference. The policy trading probably will remain unchanged with focus over the stimulus of the economy.
Tomorrow the most important events are Germany unemployment and the Harmonized Index of Consumer Prices. Do not forget that much more important is Gross Domestic Product Annualized for Q1 on Thursday 12:30 GMT where the consensus is for 6.5% growth compared to 4.3% in the prior period. On Friday GDP date will be released for Germany and the Euro Zone too.
World-Signals.com trading strategy is to use these two key support levels of 1.2038 and 1.2055 as stops and open long positions with targets above 1.2130 in the next two days or target 1.2150 in the next couple of days.

 

[World-Signals]

Trading ideas for EURUSD this week.
EURUSD currently hit the highest level of 1.2266. This is the record high level for the last 5-months. The highest trading level of EURUSD in 2021 is 1.2349. The big questions is the potential of Euro to hit 1.2349 and the levels above this key resistance.
Since the beginning of April 2021 EURUSD is in upward trend.
In the last week of May is expected to show key news for U.S. Durable Goods report on Thursday and Initial Claims to confirm that the jobs market recovery is very slow.
World-Signals.com trading strategy this week is to use short positions with target at 1.2210. If it breaks below 1.2210 we can see levels of 1.2165. The move above 1.2266 is sure to happen but the move may stop at 1.2290/1.2300. The level of 1.2349 may not hit this month. So use the current levels to trade into both directions and if you use long positions try to open at 1.2170 up to 1.2210 and expect target 1.2260.

 

[World-Signals]

Fed Interest Rates - Focus over the higher inflation
Today at 14:00 Eastern Time will be published the decision of the US Federal Reserve on interest rates in the country. The expectations for today's meeting are that the interest rates will not be changed and will remain at the level of 0.25%.
The Fed's press conference, which will start at 14:30 Eastern Time, is also expected with increased interest. Investors are waiting for comments from Fed Chairman Jerome Powell on inflation, the state of the economy, and future moves by the central bank.
World-Signals.com recommends focusing over U.S. Inflation as probably the risk of high inflation is real.

 

[Shing1985]

Good, keep it up.

 

[World-Signals]

EURUSD trading strategy ahead key events.
During the current European session the trend of EURUSD will change. The current downward trend started last Friday and is about to end today. The Dollar gained about 130-140 pips in this period of 4 days.
For today the key event is ISM Manufacturing PMI(May) at 14:00 GMT. But overall the key event that everyone is waiting for is Friday Non-farm payroll report. It is expecting a positive report that may support the dollar. The event is already generated by the market. But till the event World-Signals.com expects to see temporary recovery of the Euro as possible levels up to 1.1885.

 

[World-Signals]

The higher U.S. consumer price may support the dollar in a short term period.
Inflation climbs for third straight month: U.S. consumer prices rose 5.4% in June from a year ago, again higher than expected.

The dollar became stronger after today's key report for U.S. inflation. The Dollar gained about 55 pips after the release of the news.
This year World-Signals.com expects to see the highest inflation in the last decade. As the dollar gains today by this news in a mid and long-term period the dollar may lose against the major currencies.
But the higher inflation is a signal that Fed policy to hike U.S. interest rates is close. The Fed last month announced that it will make two interest rate hikes with the minimum 0.25% but this high inflation may push the Fed to make higher than expected rates hike.

At the same time the inflation in the biggest European economy is 2.3% the same as expected and the same as in prior month of year base.
The Germany Consumer Price Index was released earlier today of 2.3% of year base and 0.4% for June the same as expected and prior month too.
For tomorrow (Wednesday July 14th) the most important event is Fed's Chair Powell testifying schedule or 16:00 GMT.

The news for U.S. Consumer prices may strengthen the Dollar in a short term period. Our prediction is to see EURUSD at levels of 1.1600.

 

[World-Signals]

New Mexico news dropped the oil price today.
The oil price quickly moved down after the release of the news that New Mexico broke oil production records.
"New Mexico broke an oil production record in May, pumping an average 1.22 million barrels daily as the Permian Basin returned to output growth again."
The Oil price dropped about 150 pips after one hour of the news release and is on the way to continue downward direction. The top level of oil price WTI New York was at $76.95 on 6th of July 2021 and since then the trend is down. The huge recovery since July 19th is impossible but temporary we may see levels close to $70 in a few days time.
World-Signals.com trading strategy is to bet into short positions. If you are not into short positions already at levels of $71.50-$72.00 and above you can enter now or wait this level to open short with a target close to $70.00.

 

[World-Signals]

Russia's largest gold company is running out of gold
The discoveries of new gold deposits in Russia are much slower than mining, and as a result, the country may face the depletion of precious metal reserves.

Pavel Grachev, CEO of the largest Russian gold mining company Polyus, said this in an interview with RBC. According to him, a critical moment may come in the next few decades.

The current reserves of gold in the country are about 7.5-8 thousand tons, and the production of metal is kept at the level of 330 tons per year. “If this trend is not reversed, then on the horizon of 10-20 years the industry may face a structural shortage of the raw material base,” warned Grachev.

This will not immediately affect the price of gold, which is currently at $ 1761. But in the long run, Russia is an important player in both gold mining and sales. Until 3 years ago, Russia was the main buyer, after which it became one of the largest sellers of gold in the world.

Source

 

[capitalstreetfx01]

TRADE SIGNAL AS ON 18-10-2021 - CAPITAL STREET FX

USDZAR

BUY = 14.6474

TARGET= 14.6619

SL= 14.6151

NATURAL GAS​

SELL = 5.190

TARGET= 5.028

SL= 5.364



TWITTER

BUY = 62.77

TARGET= 63.83

SL= 62.06



LITECOIN USD

BUY = 187.02

TARGET= 189.50

SL= 186.46



EURO STOXX 50

BUY = 4172.0

TARGET = 4193.0

SL= 4153.0

 

[World-Signals]

EURUSD - Daily analysis - Downtrend is over, pay attention to geopolitics.
As the elections in the United States approach, we increasingly begin to pay attention to geopolitics, which affects the currency markets, and especially the dollar, at the expense of technical and fundamental analysis.
In reality, only one working week remains until the all-important elections, where the world decides which way it will go next. Escalation of the two major conflicts into full-scale wars is a completely possible scenario.
This would affect the United States depending on how involved the US would be. A further escalation of the wars could strengthen the dollar as US industry would produce more of the real good - weapons, as opposed to peace, where services are the driving force of the US economy.
We expect new developments in the last days of the campaign, be it new attacks against Trump or escalation in the Middle East, after another batch of missile attacks against Tehran (Iran).
On Monday, we don't really have any important data for the United States or Europe. On Tuesday we expect data on Consumer Confidence, Housing Price Index and JOLTS Job Openings.
Big expectations for fundamental news from the United States are expected in the second half of the week, with the important Nonfarm Payrolls (Oct) report at the end.
Expectations for Nonfarm Payrolls (Oct) are for a sharp decline in the numbers to weaker jobs data. That is why the dollar stopped the EURUSD downward trend in the last almost month.
Thus, from the great growth of the dollar (EURUSD) from 1.12 at the end of September, to 1.0761 on October 23, 2024. This trend ended in the 43rd week of this year (the last week) to pass into expectations of a decline in the dollar and return to levels above 1.08.
Thus, the downtrend is over and a break below 1.0760 is unlikely until at least Friday.
Use the moment to trade in a neutral trend with a move of 25-40 pips or an uptrend in anticipation of levels above 1.0860.
Let's also mention the BRICS meeting, which leaves the Dollar as the leading world currency in international payments for now, but more and more the Dollar will give way to the power of China, Russia and the rest of the world.

Source: World-Signals