1οΈβ£ π¨π° Reserve Bank of New Zealand rate decision on Wednesday. According to forecasts, the key rate will be increased from 2.5% to 3%. If expectations come true, the New Zealand dollar will have the opportunity to strengthen its positions, which could lead to an increase in the NZD/USD pair to 0.6500 .
2οΈβ£ π England inflation data on Wednesday. Analysts predict inflation to rise to 9.8%, which will accelerate the process of sliding the economy into recession. Against this background, the GBP/USD pair may fall to1.1900.
3οΈβ£π’Data on US oil inventories on Wednesday. It is expected that stocks of oil and oil products rose last week, which could put additional pressure on Brent and WTI, provoking a decrease in their value to $92 and $85 respectively;
4οΈβ£ πΊπΈ Minutes of the last meeting of the US Federal Reserve on Wednesday. According to forecasts, the US regulator will once again signal its readiness for further rate hikes in order to fight inflation. Against this background, the dollar index (DXY) may test107.00;
2οΈβ£ π England inflation data on Wednesday. Analysts predict inflation to rise to 9.8%, which will accelerate the process of sliding the economy into recession. Against this background, the GBP/USD pair may fall to
4οΈβ£ πΊπΈ Minutes of the last meeting of the US Federal Reserve on Wednesday. According to forecasts, the US regulator will once again signal its readiness for further rate hikes in order to fight inflation. Against this background, the dollar index (DXY) may test
π¬π§πΊπΈThe growth of the yield spread between short-term UK and US government bonds will have a positive impact on the value of the British currency.
π Investment idea: buy limit GBPUSD 1.1990, take profit 1.2052.
π Investment idea: buy limit GBPUSD 1.1990, take profit 1.2052.
Forwarded from FreshForex Analytics EN
πͺπΊThe cost of natural gas in Europe has reached $2,450 per thousand cubic meters. The indicator is one step away from the historical maximum, and in the coming days we can see a new record for prices.
πSuch dynamics is positive for American gas, which now costs almost 8 times cheaper than European. The difference in prices will gradually narrow as US energy companies increase gas exports to the European market, which will lead to a reduction in blue fuel stocks in US storage facilities.
πInvestment idea: buy limit #GAS 8.845, take profit 9.091.
πSuch dynamics is positive for American gas, which now costs almost 8 times cheaper than European. The difference in prices will gradually narrow as US energy companies increase gas exports to the European market, which will lead to a reduction in blue fuel stocks in US storage facilities.
πInvestment idea: buy limit #GAS 8.845, take profit 9.091.
August 16th
USDCNH Sell position
Support levels: 6.7720 β 6.7540
Resistance levels: 6.8270 β 6.8450
#BRENT Buy position
Support levels: 91.44β 90.08
Resistance levels: 94.37 β 96.79
USDCNH Sell position
Support levels: 6.7720 β 6.7540
Resistance levels: 6.8270 β 6.8450
#BRENT Buy position
Support levels: 91.44β 90.08
Resistance levels: 94.37 β 96.79
Forwarded from FreshForex Analytics EN
πBitcoin is trading near the upper limit according to the Bollinger Bands indicator, which is advisable to use to open sell positions.
πΊπΈThe US Treasury will today hold another round of auctions for the placement of treasury bonds in the amount of $30 billion, which will reduce the surplus of dollar liquidity in the financial system. The withdrawal of liquidity has traditionally had a negative impact on the value of bitcoin.
πInvestment idea: sell limit BTCUSD 24715, take profit 22672.
πΊπΈThe US Treasury will today hold another round of auctions for the placement of treasury bonds in the amount of $30 billion, which will reduce the surplus of dollar liquidity in the financial system. The withdrawal of liquidity has traditionally had a negative impact on the value of bitcoin.
πInvestment idea: sell limit BTCUSD 24715, take profit 22672.
August 17th
EURUSD Sell position
Support levels: 1.0127 β 1.0046
Resistance levels: 1.0201 β 1.0274
#SP500 Sell position
Support levels: 4264β 4178
Resistance levels: 4325 β 4391
EURUSD Sell position
Support levels: 1.0127 β 1.0046
Resistance levels: 1.0201 β 1.0274
#SP500 Sell position
Support levels: 4264β 4178
Resistance levels: 4325 β 4391
Forwarded from FreshForex Analytics EN
πRising yields on US government bonds will have a positive impact on the value of USDJPY, as the Central Bank of Japan limits the growth of yields on Japanese government bonds.
π°The capital of traders always goes to those assets with higher returns. To buy American papers, you first need to buy a dollar, and we expect high demand for the American currency.
πInvestment idea: buy limit USDJPY 134.50, take profit 135.20.
π°The capital of traders always goes to those assets with higher returns. To buy American papers, you first need to buy a dollar, and we expect high demand for the American currency.
πInvestment idea: buy limit USDJPY 134.50, take profit 135.20.
Forwarded from Serg Udutov
πAccording to Gazprom's management, natural gas prices in Europe will reach $4,000 per 1,000 mΒ³ in autumn against the backdrop of low gas reserves in underground storage facilities, which implies a 60% increase from current levels.
πThis situation will provoke a powerful price rally in the North American gas market, since gas in the United States is now 8 times cheaper than in Europe.
πInvestment idea: buy limit #GAS 9.29, take profit 9.55.
πThis situation will provoke a powerful price rally in the North American gas market, since gas in the United States is now 8 times cheaper than in Europe.
πInvestment idea: buy limit #GAS 9.29, take profit 9.55.
Forwarded from FreshForex Analytics EN
πΊπΈ π¨π³Geopolitical tensions between the US and China due to the situation in Taiwan will increase in the near future, which will lead to an outflow of capital from the Chinese currency. The USDCNH currency pair is aimed at testing the March high of 6.8373, and against this background, it is advisable to use the nearest support level for purchases.
πΠΠ½Π²Π΅ΡΡΠΈΡΠΈΠΎΠ½Π½Π°Ρ ΠΈΠ΄Π΅Ρ: sell limit USDCNH 6.7610, take profit 6.8373.
πΠΠ½Π²Π΅ΡΡΠΈΡΠΈΠΎΠ½Π½Π°Ρ ΠΈΠ΄Π΅Ρ: sell limit USDCNH 6.7610, take profit 6.8373.
Forwarded from Serg Udutov
#FOREX #GBPUSD
UK consumer inflation data came out today with +10.1% (previous +9.4%) = a record since 1981. [infographic attached]
Inflation continues to grow against the backdrop of a severe shortage of energy resources and the use of reserve volumes. Britain and Europe continue to suffer because of their unreasonable but inevitable (for political reasons) sanctions against the Russian Federation.
However, the Anglo-Saxons are doing a little better than their neighbors in the west (which is obviously not in vain was BREXIT), because they still have the opportunity to milk their other colonies: Britain began to import LNG from Australia in the face of a shortage of energy resources in the European market.
There is no doubt that the people there, accustomed to comfort, will soon begin to take to the streets of the cities, fueling their last hope in ephemeral liberalism and desiring help from their governments. But, in Britain, in all European countries, clowns sit in governments, which are completely controlled by American capital. Therefore, the flow of capital from the western part of the mainland to America for their new local wars is still very far from its apogee.
Now from the lyrics to the pound technique: there is a high uncertainty on the pair due to the lack of a trend movement, and there is no desire to trade "twitching". However, two equally likely magnets pass through the red and blue corners highlighted in the graph. To enter one of the sides, I want to see another small trade.
*This post is not an investment or trading recommendation
UK consumer inflation data came out today with +10.1% (previous +9.4%) = a record since 1981. [infographic attached]
Inflation continues to grow against the backdrop of a severe shortage of energy resources and the use of reserve volumes. Britain and Europe continue to suffer because of their unreasonable but inevitable (for political reasons) sanctions against the Russian Federation.
However, the Anglo-Saxons are doing a little better than their neighbors in the west (which is obviously not in vain was BREXIT), because they still have the opportunity to milk their other colonies: Britain began to import LNG from Australia in the face of a shortage of energy resources in the European market.
There is no doubt that the people there, accustomed to comfort, will soon begin to take to the streets of the cities, fueling their last hope in ephemeral liberalism and desiring help from their governments. But, in Britain, in all European countries, clowns sit in governments, which are completely controlled by American capital. Therefore, the flow of capital from the western part of the mainland to America for their new local wars is still very far from its apogee.
Now from the lyrics to the pound technique: there is a high uncertainty on the pair due to the lack of a trend movement, and there is no desire to trade "twitching". However, two equally likely magnets pass through the red and blue corners highlighted in the graph. To enter one of the sides, I want to see another small trade.
*This post is not an investment or trading recommendation
Forwarded from FreshForex Analytics EN
π¬π§Inflation in the UK in July exceeded 10%, although initially the Bank of England expected double-digit inflation only in September. The debt market now expects that the Bank of England may raise the rate by 0.75% in September, which provoked an increase in the yield of British government bonds and supports demand for the pound.
πInvestment idea: buy limit GBPJPY 161.77, take profit 162.84.
πInvestment idea: buy limit GBPJPY 161.77, take profit 162.84.
August 18th
GBPUSD Sell position
Support levels: 1.2000 β 1.1919
Resistance levels: 1.2077 β 1.2135
#SP500 Sell position
Support levels: 4227β 4156
Resistance levels: 4289 β 4341
GBPUSD Sell position
Support levels: 1.2000 β 1.1919
Resistance levels: 1.2077 β 1.2135
#SP500 Sell position
Support levels: 4227β 4156
Resistance levels: 4289 β 4341