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Jan 22nd 2024 EUR/USD is consolidating ahead of an expected breakout.
Euro/Dollar could not find a way either up or down and started
consolidating at levels around 1.09. It seems that the consolidation around
1.09 will continue for a few days, after which we can expect some active
movements. Until then, we can take advantage of the small movements, buying
and selling for a profit of 30-35 pips.
On Wednesday are the first key fundamental data for Europe and the United
States, but expectations are for small corrections compared to the previous
month (S&P Global Manufacturing PMI(Jan) and S&P Global Services
PMI(Jan).
If there is no break in the narrow consolidation of 1.0855 - 1.0910 on
Wednesday, we expect a break at these levels on Friday.
Dec 3rd 2023 EUR/USD will reverse trend this week.
Regardless of what happens this week, our prediction is that EUR/USD
selling will continue. The dollar will regain lost ground from the last
month. In November, the dollar lost more than 400 pips against the Euro
in a continuous decline. With the beginning of December, the rise of the
Euro ended.
GoForecasts.com expects a rebound in the dollar supported by anticipation
of good employment data at the end of the week.
EUR/USD could return to 1.0950 levels after, which would start a faster
dollar recovery to 1.0650 - 1.0710 levels at the end of the week.
Oct 29th 2023 The war in Israel and a lot of economic data this
week will determine the EUR/USD rate
The start of the new week is expected to be dynamic in view of
the expected important political and economic events. How far will the
Israeli attack on Palestine continue? If it turns out to be true that
Israel is losing a significant part of the special forces and therefore
temporarily stopped the ground operation, it may affect further actions.
On the other hand, the week is important for data on unemployment and
new jobs in the United States. Already on Monday, data on the GDP of the
largest economy in the Eurozone - Germany, as well as data on inflation
- are expected.
Overall, GoForecasts.com expects the dollar to remain strong against the
Euro throughout the week, with trade likely to reach EUR/USD levels of
1.0450.
Aug 26th 2023 The dollar still has some potential to grow.
After the sharp devaluation of the dollar at the beginning of
July, a smooth recovery followed, which lasted more than a month. The
strong dollar will continue until the end of this week, when data on unemployment
in the United States and newly created jobs are expected. US Gross Domestic
Product data is expected on Wednesday. The dollar has the potential to
continue rising against the Euro during the week, but already much weaker.
We expect to see levels below 1.07 possibly up to 1.0660. The data, which
is expected by consensus on Friday, does not give grounds for big movements,
but surprises are always possible. After Friday, GoForecasts.com experts
assume a reversal of the upward trend, but with less potential. The dollar
remains generally strong against the Euro. There are not many positive
signals in the Eurozone, at least in the data so far.
Aug 20th 2023 Crude oil will continue to rise in price this week
During the week of August 20 to August 25, we can expect high oil prices.
The OPEC+ countries sharply cut production in August, having already started
from the previous month.
With the pace of production cuts, a sharp rise in the price of oil is
expected unless China goes into crisis. The probability that oil prices
will reach levels around $90-$95 by the beginning of September is quite
high according to GoForecasts.com forecast.
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