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Weekly Strategy - New sanctions against European companies will support the dollar
Category: Forex Forecasts & Signals
Posted by on August 19, 2018 at 10:36 AM
EURUSD (1.1438)
Trend: Neutral
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 will move the Dollar is the new trade war Unites States against one third of the world. Turkey is the last country with sanction and that push Turkey to avoid Dollar trading. This is the last country release by the Dollar but new countries will follow the tendency to avoid Dollar in international trading.
The Dollar nevertheless may continue with the gains because many new European companies will face with sanction due to North Stream 2. This will give a new fresh power for the dollar this week but as overall the trading will remain into neutral direction. trading strategy is to trade within the trading range of 1.1300 and 1.1525 this week.

Russia cut U.S.Treasury securities with 50% as it never happens in the past
Category: Forex News
Posted by on June 18, 2018 at 12:41 AM
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 with the trade war raise every day. The most affected countries are China, Germany, Canada, India, Euro Zone and others. These countries are backing off.
In a short-term the Dollar will gain but in long-term the effect over the Dollar may become negative. trading strategy is to hold short EURUSD positions in a short-term period.

Weekly Strategy - Trump - Kim Chen Un meeting and Fed interest rates decision on focus this week
Category: Forex Forecasts & Signals
Posted by on June 11, 2018 at 12:32 AM
EURUSD (1.1796)
Trend: Neutral/Downward
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 by the Singapore meeting are important for the forex market and the Dollar.
The other key event is from the last week in Canada. The faction in the Group of G7 will cause influence over the financial markets and mainly in Euro - Dollar.
The major fundamental event is schedule for Wednesday FOMC Interest rates decision. It is widely expecting Fed to hike the interest rates with 25bps to 2.00%. ECB interest rates decision is schedule for Thursday but is not expecting changes.
As overall the events may support the Dollar as we can see levels again back down to the key support at 1.1510. trading strategy this week as overall is to trade into neutral direction and after the mid of the week into downward direction.

Daily Strategy - The Dollar with strong support ahead Non-farm payroll week
Category: Forex Forecasts & Signals
Posted by on May 28, 2018 at 12:46 AM
EURUSD (1.1726)
Trend: Neutral/Downward
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 economy in Euro Zone. Also on Wednesday we will focus over United States GDP report that also may send positive signal.
But the major fundamental news this week is schedule for Friday - U.S. Non-farm payroll report and Unemployment rate. It is also expecting positive news that already the market generated with the latest Dollar gains. The positive news for the Dollar may continue follows the end of the Trade war with China. trading strategy this week is to trade into neutral direction in the first day of the week after the correction at the start of trading and to open short positions for new gains of the Dollar during the mid of the week.

Daily Strategy - 3-weeks downtrend of EURUSD end and may go up this week
Category: Forex Forecasts & Signals
Posted by on May 14, 2018 at 12:17 AM
EURUSD (1.1953)
Trend: Neutral/Upward
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 in the Euro Zone with report on Wednesday that may send a signal whether ECB will hike the key interest rates soon. For the Euro Zone the most important events comes on Tuesday GDP in Germany and Europe. It is not expecting so positive report that started to generate in EURUSD exchange rate already and may continue few days more.
In United States the Retail Sales may also send negative signal to the Dollar.
According to the above information and follow the technical signals trading strategy is to keep open long positions for the first part of the week. In the second half of the week we will continue with the long positions or will start with trading in neutral direction with positions with 30-40 pips profit.

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