The strong data for U.S. ISM Services today for March of 63.7 very higher than the key border of 50.00 do not help the Dollar. ISM Services consensus expectation was 58.5 also higher than one month earlier of 55.3. The potential of the Dollar ends at levels below 1.17 and many investors open long positions with expectations to hold EURUSD long above 1.20.Read More
The positive news from Alaska for Oil (Alaska’s North Slope holds heavy oil of billions barrels shows 4-years study) is a very important news for oil industries in the long-term period.
At the same time the locomotive of the world economy - Asia started to weaken as the Chinese buyers orders went to lower levels.
At the same time we can see technical corrections of Oil prices based on a couple of indicators.
Each American citizen is on the way to receive $1200. How will they spend the money?
The question of how it is planned to order the use of the money from the helicopter, 37% of the surveyed applications, is sought in order to collect shares on the stock market.
The Gold spot new target is $1748.00. The target is valid for the next week. Gold spot current price is $1708.00. The recommended SL level is $25.Read More
The Dollar already generated the news about the new stimulus for the U.S. Economy. The effect of the $1.9 trillions plan supports the Dollar wins and gains of about 330-380 pips against the Euro in the last 10-days.
EURUSD reached the lowest level of 1.1835 today that is the lowest level since November 23rd 2020. In the last couple of days the fundamental data did not take a mind in the trading so after the strong stimulus the investors may go back to the fundamentals.
EURUSD to test the record levels since the beginning of January 2021 at 1.2349. The test of the highest level this year and at all since April 2018 is on the way to happen next week.
Few hours earlier we saw very good economic news for the United States but nevertheless these news did not support the Dollar. The positive report for Durable Goods orders from 1.2% to 3.4% was not accepted by the investors and even the good decline of Initial Jobless Claims to 730K from 841K.
EURUSD hit the top of 1.2169 as this level was a signal for the selling process. The Dollar recovered from the high of 1.2169 a level reached on January 26th 2021. The recovery is already generated of 70 pips. The tendency for continued recovery remains for the next couple of hours.
The fundamental focus comes for tomorrow the key data for the U.S. Retail Sales and FOMC Minutes. The investors predict a positive Retail Sales report that is already generated by the market.
There remains little more than 24-hours to complete this week's trading. EURUSD in this second week of February is currently trading at about +90 pips from the start of the week. The lossing process of the Dollar continues.Read More
The new business week started sluggish in the first part of Monday. There is not a clear direction and as overall the trading EURUSD is into neutral direction. The trading level (EURUSD) below 1.20 is a very good entry for many investors to buy Euros.Read More
The Swiss Franc remains one of the most strong currencies. The Franc is currently trading at USDCHF 0.8878. To get the best trading performance, open a short position and expect your profit till the end of the week. The expected trading level by World-Signals.com for profit is at the range of 0.8780 - 0.8805.Read More
This flat market today Monday January 18th (U.S. Holiday - Martin Luther King Jr. Day) will not be the same on January 20th when is Inauguration Day in Washington. What will follow on this day we can see but the markets may boom in very unexpected events.Read More