News

EURUSD upward movement may stop at least at 1.19 and above
Posted by Admin on Sunday, 23 July 2017

The upward movement of EURUSD is so strong that the stop is expecting far above 1.19. The rumors that Fed will not hike interest rates this year or one 25 bps up to 1.50% as maximum is one of the factors to move the Euro from 1.11 to 1.16. The World-Signals.com trading strategy this week is to keep long positions or to open long positions using any correction down. The target for this week is at 1.1750. But we recommend keeping the position with target at 1.19 and above. The main focus this week is Fed Interest rates decisions on Wednesday. It is not expecting change of interest rates.

EURUSD consolidate already 5-weeks at 1.12
Posted by Admin on Saturday, 24 June 2017

EURUSD could not find a clear direction already 5-weeks. The process of consolidation continues at levels of 1.12. It is waiting for a key event that would move the market into new direction. The consolidation process may continue next week with slightly movements within the trading range of 1.1110 and 1.1290. The events that are important for the last week of June are U.S. Durable orders on Monday and GDP report on Thursday. World-Signals.com trading strategy during the week is trading within the trading range. We will use the support and resistance levels to open long and short positions. If the trading breaks below the support level we are ready for short positions. The chances for short positions below the support level are lower than break above the resistance level.

EURUSD is in consolidation till Friday Nonfarm payroll report
Posted by Admin on Sunday, 28 May 2017

This week start with a holiday in United States - Memorial Day. But the focus on Monday is at 13:00 GMT ECB President Draghi's Speech. EURUSD trading in the last week is almost flat and in consolidation process of 1.1150-1.1260. The Euro lost the initiatives to gain against the dollar as the consolidation process may continue till Friday when is the one of the most important data from United States. At 8:30 AM Eastern Time on Friday expects the important Nonfarm Payrolls and Unemployment rate. The next key events this week are on Wednesday Fed's Beige Book and ISM Index. World-Signals.com trading strategy this week is to trade into a consolidation line 1.11-1.13 and expect Friday's data for a new direction of EURUSD.

Macron closes to win French elections help to the euro
Posted by Admin on Monday, 24 April 2017

The Euro gains at the start of the new week after the news that Marine Le Pen won the second position at French vote but without chances to became the new French president. The French election is the factor that moves the forex market and the Euro will continue gains against the dollar till Friday end of trading. It is widely expecting Emmanuel Macron to win the elections in France. The trading strategy of World-Signals.com this week is to open long EURUSD positions at technical corrections with target above 1.09. Also you can focus over the ECB Interest rates decisions on Thursday but it is not expecting changes of the current interest rates level.

The dollar may lose about 100 pips ahead Nonfarm payrolls report
Posted by Admin on Monday, 03 April 2017

This week the most important news is far in the last business day of the week. The Unemployment report and NonFarm Payrolls are on focus. It is expecting worse results than a prior week. Nevertheless the dollar gains in the last 4 days by last week and stop the gains today. The current support level is at 1.0595 while we found resistance at 1.0730. World-Signals.com trading strategy this week is to open long EURUSD position with target above 1.0730 close to 1.08 level when is possible turn down at current levels.

EURUSD trading closing Fed interest rates hike and France elections
Posted by Admin on Monday, 13 March 2017

It is started a very dynamic week for the forex market according to World-Signals.com. Undoubtedly the main focus this week is on Wednesday Fed interest rates decision. It is widely expecting Fed to hike the interest rates with 25 bps to 1.00% but the signals after that may push the market into new trend. Currently the EURUSD consolidate at levels of 1.06. Almost all economic news from United States in the last couple of months is positive but that do not allow the dollar to gain. On the other side of the Atlantic in the second economic in Euro Zone France is close to very important elections that may change anything. The France elections are on April 23rd and probably second tour one week later. For EURUSD the first support is formed at 1.0495 while we see resistance at 1.0715 and 1.0830. World-Signals.com trading strategy this week is trading within the support/resistance levels as the effect of Fed interest rates hike is already generated by the market.

Again support for the dollar in the coming week
Posted by Admin on Sunday, 19 February 2017

The Euro takes advantage against the Euro for two days only in serial of almost 7 losing days. Better than expected data for United States support the gains of the dollar. Meanwhile in the Euro Zone day after day the fears about the economic rises. One of the key supports for the dollar comes by the Fed Chairman Janet Yellen who hints that on the next Fed meeting in March is possible hike of the Interest rates. The major support level is formed at 1.0580 followed by 1.0520. The resistance is formed at levels of 1.0670. On Monday is a holiday in United States for the President's Day so we expect flat market as overall while during the week the dollar may gain below 1.0520. World-Signals.com trading strategy is to keep or open short positions at levels above 1.0640 and target 1.0520 and below.

The first steps of Donald Trump on focus for the investors
Posted by Admin on Sunday, 22 January 2017

The forex market in the next couple of days expects the first steps of the new president of United States. As overall the steps of Donald Trump is to restart the U.S. economy and cut the unemployment. If he executes his words in action the dollar probably very fast will go to parity with the euro. The fundamental news may not influence so much this week over the forex trading. World-Signals.com trading idea this week after 4 losing weeks for the dollar is stop of the process and slowly recovery of the dollar. Although that the trend remains bullish at the mid of the week we expect that end. World-Signals.com recommend using the moment to close any long positions and change into short.