In the mid of the week the trend is changed. EURUSD downward movement is over. It is time to sell Dollars and bet to Euro in the next days till the end of this week and the first half of next week. EURUSD in August and the first days of September is trading in the levels between 1.17 - 1.20. Our trading idea is to open long position from the current levels...
The Gold correction after the serial of 4 consecutive months of rise is over. It is the time for deep correction down below $1850. Later is possible the bottom to down to $1790 where the down movement is about to end. These 4-months of Gold rise was widely expecting due to the starting new stimulus for the economy. The major central banks continue with infusion...
The closing borders nevertheless that some politics even swear that will remain open always is the major problem for the tourist industry. As individual person the Tourist is the enemy of the world. In the last two years many cities try to do anything to cut the tourist flow. There are many examples like Venice, Barcelona, Dubrovnik and so on. Today the...
Our Forex Premium position is short USDJPY from July 8th. Today free position is new short USDJPY @ 106.72-74 now with stop at 107.07 and TP 106.38. The position may close later today or during the Asian session on Monday.
Sell EURCHF @ 1.0657 SL 1.0690 TP 1.0628. We expect to hit the target today.
The project North Stream 2 is one of the biggest projects in Europe. The project that is a few steps to complete is stopped currently. Germany and Russia plan to restart the project with put of the pipeline in the last kilometers in the Baltic Sea. United States already introduction of sanctions against companies build the pipeline. The sanctions extended to the...
The Gold trades last week signal that our forecast for $1500 is possible The spot Gold price lose more than $53 during the last week and is on the way to new low prices predicted by us on May 27th. In World-Signals forecast 10-days ago predicted that the rising price of Gold will stopped. On June 5th the last trading day of the first week of the new month the...
The crisis worldwide with the CoronaVirus may push many countries to sell Gold stores to cover the current spending. The countries that will sell Gold at first point are Oil exporters like Saudi Arabia, Russia and others. Saudi Arabia passes very negative months starting in January with air strike in Iraq that killed General Qasem Soleimani. The Oil price war with...
The economy is restarting and you can see this as check the oil prices graph. It is going up and up the last days and especially in the last two days. The WTI price climbs to $33.05 after the negative prices last month. The oil prices may found a good resistance at the current level of $33.05 and if move up the next resistance may stop the rising prices at...
We expect very slowly recovery of the tourism industry. The people will not restart travel like before. They will spend many months or even years to cover the losses during the quarantine. Also they will try to make a buffer for eventually new bad days. Loans, losses recovery and making a buffer will take a lot of time. We predict recovery at about 55-65% of the...
Most of them are well known for all. Everyone hopes, that they will start recovery in a short amount of time. In West Europe we don't expect too early recovery, although some restrictions are down. World-Signals expects the economic problem to exist beyond the reach of 2020 to 2021. One of the biggest structures to suffer are the tourism - ski resorts,...
The first part of our forecast since March 26th is a fact. Then we predicted that Dow Jones will reach level of 24000 in a short time. The current forecast continue like the same as before - World-Signals expects to see Dow Jones at levels below 18000 in the next few months. It may pass full month or even two months in almost neutral trading between 22000 and...
The plan for $2 trillion will not support the market in long-term period. The Dollar will not win by the Trump plan for $2 trillion. Our expectation is temporary gains of Dow Jones, Nasdaq, S&P and so on but the Dollar may lose ground against the Euro to levels of 1.14 in the coming couple of days. The Trump idea for battle with the Corona Virus changes too...
It is the time of OPEC and OPEC+ meeting in Vienna. The worldwide expectations are focus over the new productions cut between 400 000 and 500 000 barrels per day. Russia has the last word finally and it will happen tomorrow (Friday Dec 6th). Russia is on the way to say that the current Oil price is a good price and further productions cut may cause damages ahead...
The Gold spot upward momentum is over. The pick of price close to $1557 for ounce one and a half month ago is far away. The current Gold trend moves from neutral to downtrend. In a short time we expects to see levels below $1450. The Gold price may set at $1400 or even below to $1375 till the end of the year.
The new phase of trade war between the two biggest world economics is fact. The negotiations do not leave a doubt - nothing as result. The trade war immediately react with serious down of Crude Oil price (WTI) down more the 350 pips within 2-3 hours time. Our trading strategy for tomorrow is continuing of downtrend to levels below $52.00 per barrel. The price of...
OPEC may boost oil supplies shortly is the latest expectations. The oil prices direction was up for 4-months starting from Christmas and rise from $42.35 to $66.57. In the last couple of days there are new factors that affect the oil prices. The first and most important is OPEC expectations for boost of oil supplies. The second is the sanction over Iran oil...
Weekly Strategy - New sanctions against European companies will support the dollar. 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...