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Forex Commentaries and Forecasts
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U.S. economy is in recession
Tue, Jul 1 2008, 05:45 GMT
by Peter Mill
Forex Trading Signals and Daily Strategy
Live Forex, Stock, CFD, Gold and Crude Oil signals by World-Signals.com.Published on Tue, Jul 1 2008, 05:45 GMT
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The Crude Oil breaks above $140 today
Thu, Jun 26 2008, 20:13 GMT
by Peter Mill
The Crude Oil set new record breaking for first time the psychological level of $140 per barrel. The new oil jump was caused by warns that Libya will cut the output. Libya want United States with the oil weapon due too the continue problems with the terrorist attack victims compensations.
The OPEC president Chakib Khelil forecast that the Oil prices will reach $170 by the summer and the dollar weakened. The high oil prices will push the inflation in United States and Euro Zone where will be necessary to start with the interest rates rise.
Scott Brown energy expert in World-Signals.com confirm the OPEC president forecast and add that on the market the Crude Oil will break above $200 in October-November 2008. He also said that at the end of the year the Crude Oil prices might touch $250.
In this situation in the Euro Zone the inflation for 2008 will reach to 7% said George Marshal Forex analyzer in World-Signals.com. With such inflation the Euro Zone will fall into deep crisis and will be necessary strong interest rates rise.
Published on Thu, Jun 26 2008, 20:13 GMT
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World−Signals.com Forex analyses for the coming business week
Sun, Jun 22 2008, 17:57 GMT
by Peter Mill
The traders expect mix data this week for the situation of U.S. economy. The euro was trading at the levels above 1.56 against the euro on Friday close while the yen boost close to 107. The latest forecasts predict that the bottom in U.S. housing sector is not reached yen. The New Home Sales release this week will show new consecutive fall. The high energy prices probably will raise the spending together with the raising inflation. The U.S. economy remain in downtrend said George Marshal forex analyzer in World-Signals.com. The dollar have not the power to recovery while the euro is also hurt by the high energy prices, raising inflation in the Euro Zone and the starting problems by the high exchange rates.
Published on Sun, Jun 22 2008, 17:57 GMT
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Housing report fears hold the dollar gains
Tue, Jun 17 2008, 05:38 GMT
by Peter Mill
The dollar again break the levels above 1.55 against the euro on continue speculations for U.S. housing report today. The Fed decision to raise the interest rates will delay. It will be very stupid to raise the interest rates in a moment when the economy is in recession said George Marshal forex analyzer in World-Signals. The Fed will raise the interest rates far at the end of 2008 or even in the beginning of 2009. The inflation hurt the Euro Zone where will be necessary fast action said Mr. Marshal. The European Central Bank is close to the time when will be necessary to raise the interest rates due too the very high inflation. We can see the dollar in new pressure above 1.60 said also Mr. Marshal. The U.S. economy is weaker than ever and recession is possible.
Published on Tue, Jun 17 2008, 05:38 GMT
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The dollar rose in expectation of positive Retail Sales today
Thu, Jun 12 2008, 08:20 GMT
by Peter Mill
The dollar rose against the euro after speculations that the release of today’s important data for U.S. retail sales will be positive. The data release is expecting for 8:30 AM today. The consensus forecast is 0.5% from the prior –0.2%. Eventually stronger data will allow to the Federal Reserve to rise the interest rates further this year. The high inflation caused by the high-energy prices push the inflation. If the economy sends positive signals for recovery the Fed will start to raise the interest rates.
It is too early to talk for change of the interest rates said George Marshal forex analyzer in World-Signals.com. The U.S. economy is in recession and my personal forecast is that is necessary the Fed to hold the interest rates at 2.00% whole this year or even to cut the interest rates with another quarter percent said George Marshal.
Published on Thu, Jun 12 2008, 08:20 GMT
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The Crude Oil raises over $17 for a day
Sat, Jun 7 2008, 18:06 GMT
by Peter Mill
The Crude Oil raises over $17 for a day. This is super historical record. After the biggest ever jump the oil set new record at $139.13 for barrel. The enormous oil rise starts at levels of $121.50. Israel is one of the reasons for the big jump. An Israel minister said that attack over Iran is necessary. Some analyzers predict the oil to jump to $150 this month. Mr. Scott Brown energy expert in World-Signals.com said if Iran is attack in new war in the Persian Gulf the oil prices would jump to $300. He confirms his earlier forecast for $200 even $250 at the year-end. But if we see new war in the Gulf against Iran the oil prices will jump to $300 at the beginning of the war. The high U.S. Unemployment rate also support the oil to make this huge jump close to $140. The oil probably will reach $150 till June 20th said Scott Brown and advice all investors to buy oil in expectation for new high trading levels.
Published on Sat, Jun 7 2008, 18:06 GMT
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Huge Crude Oil jump follow after Trichet comments
Thu, Jun 5 2008, 19:13 GMT
by Peter Mill
European Central Bank continues to support the politic for strong euro. Today the bank signal that monitors the situation and the high inflation and may boost the interest rates. The inflation is high and the effect by the high oil prices will spread over the rest sectors of the economy that will boost the inflation too high. The ECB probably will necessary to raise the interest rates with more than 1% at the end of 2008 said George Marshal forex analyzer in World-Signals. The strong raise of Euro push the crude oil to jump more than $7 for few hours. The market remain very unstable and the inflation will continue to raise while the oil will set new records very soon said Peter Mill forex expert and chief of World-Signals.com.
Published on Thu, Jun 5 2008, 19:13 GMT
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Fed to raise the interest rates at the end of 2008
Sun, Jun 1 2008, 08:25 GMT
by Peter Mill
The dollar recovered against the euro and yen after the positive news for the world biggest economy. The traders predict that the situation of U.S. economy will allow to the Federal Reserve to raise the interest rates at the end of 2008. The high inflation caused by the high oil prices will stop the Fed with the interest rates cut. The forecast of George Marshal Forex analyzer in World-Signals.com is that Fed will raise the key benchmark interest rates with quarter percent in September, October 2008. The dollar was stopped with the recovery at 1.5462. It is necessary more evidences to continue with the recovery of the dollar said George Marshal. He also set his forecast that EURUSD trading level is 2008 is above the level of 1.48.
Published on Sun, Jun 1 2008, 08:25 GMT
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The dollar will fall today against the major currencies
Tue, May 27 2008, 05:49 GMT
by Peter Mill
The dollar will fall today against the major currencies. The reason for the weak dollar today is the fears about the new worse report for U.S. Consumer Confidence. Also the New Home Sales release today will show continue with the Housing sector crisis. We can see the bottom in the U.S. housing sector at the end of summer even in autumn said George Marshal forex analyzer in World-Signals.com. The dollar will test the levels of 1.60 in very short time. If the reports for the U.S. economy continue with the negative data the dollar will test successfully the levels above 1.60.
The high oil prices would not allow to the U.S. dollar to recovery. In World-Signals.com see the crisis in United States at least to the end of 2008.Published on Tue, May 27 2008, 05:49 GMT
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The European energy politic is full with mistakes
Thu, May 22 2008, 11:55 GMT
by Peter Mill
When the oil prices set new records day after day the energy politic is very important moment to stop the panic in the population by high inflation and raising prices. The one of the main energy source the oil is in low resources and is restricted. When the alternative fuels are the most important to stop the panic by absent of enough oil Europe develop project to stop the alternative fuels like methane, natural gas and others using in the transport vehicles. Few years ago Germany started with the plan to stop all nuclear reactors. If this bad plan happens the economy will stop. Finally Germany decides to back to the nuclear industry. After the idea for nuclear industry stop, Europe started plan to develop bio fuels as use agricultural production. The effect was high price jump of all foods. Europe is on the way to stop this plan. After serial of mistakes Europe make the new biggest mistake. The natural gas, methane, the cheapest gas in enormous resources will be not using. All these mistakes lead the world economy to super fuel crisis with everyday prices up of restricted resources.
The energy expert Scott Brown of World-Signals.com shows three key fuel alternatives that Europe does not use. The industry, transport vehicles and motors to use alternative fuels like methane, hydrogen and electricity. The first two are in almost unlimited resources while are necessary improving of the technology. The electricity is possible to produce by cheaper nuclear industry and the free water, wind and solar station. The starting energy crisis will be the ever-biggest crisis in the world. Scott Brown provides the forecast that the oil prices will jump to $250 till the end of 2008. In some of the possible scenarios Scott Brown see chances the oil prices to jump to $300 till the end of 2008.
Published on Thu, May 22 2008, 11:55 GMT
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No key fundamental events on the market
Mon, May 19 2008, 13:33 GMT
by Peter Mill
The markets remain mix in an absent of key economic events today. The trading in Euro-Dollar is flat. The trading is based over technical analyses. The pressure over the dollar remains as overall due too the raising speculations for continue of U.S. housing slumps.
We can see new attacks on the forex market against the dollar said George Marshal forex analyzer in World-Signals.com. These attacks will test the levels of 1.60 again. The continue raise of Oil prices will continue to hurt the U.S. economy.
There is not important event to move the market, as we will continue to see trading at the levels of 1.53/57 said Peter Mill forex expert in World-Signals.com.
The Euro-Dollar today was trading at 1.5632 and recovery to 1.5573 in the time when U.S. market open today.
Published on Mon, May 19 2008, 13:33 GMT
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Mix information on the forex market
Wed, May 14 2008, 19:32 GMT
by Peter Mill
The dollar consolidates in mix information about the Fed and ECB interest rates politic. The latest speculations show that European Central Bank will hold the interest rates at 4.0% till the end of the summer and will rise in the autumn to 4.25%. The Federal Reserve still not sends clear signals for the interest rates politic. The speculations show that will be necessary new interest rates cut with quarter or half percent to stimulate the economy. Some other analyzers predict the Fed to hold the interest rates at 2.0% and to raise at the end of the year due too high inflation cause by the record oil prices. We can see new levels of 1.60 if there are not clear signals for the situation of U.S. economy said George Marshal forex analyzer in World-Signals.com. The World-Signals.com forecast is the euro to fall to 1.48 even 1.46 against the dollar to the end of 2008.
Published on Wed, May 14 2008, 19:32 GMT
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Who can stop the raising oil?
Sat, May 10 2008, 19:29 GMT
by Peter Mill
In the last business week the Crude Oil set new trading record every day. Five days in the week with five new records. The crude oil jumped with $10 a week. This is an extraordinary week with so huge price jump. At this moment we can ask the following question: Who can stop the raising oil prices? At the same time Scott Brown energy expert in World-Signals.com answer: No one, but there are many people and events that could push the oil for new records.
OPEC is almost at the top of the technology production capacity. There is oil but there is not technology to supply the oil in fast and cheaper method. The raising consummation from China and developing world making the production daily oil not enough. At the same time United States buy oil in huge volumes making new extra oil stores. We are close to the time when China will do the same and we are close to the time when the oil production would not be enough to supply the world economy. The describing scenario of Scott Brown is too black. The oil prices can jump to $200 much faster than our first forecast for the end of 2008. We can see the oil prices above $200 these summer’s months said Mr. Brown energy expert in World-Signals.com
Published on Sat, May 10 2008, 19:29 GMT
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New psychological Oil breaks above $120 today
Tue, May 6 2008, 18:33 GMT
by Peter Mill
The Crude Oil breaks the records by the last week in spite the strong dollar. Although that the dollar is trading almost 500 pips far from the record trading levels of 1.6019 against the euro the oil set new record. This is the first break of the oil above the levels of $120 per barrel. The tendency for continues rising of the oil prices is significantly this week when the dollar is stronger. The oil will move above $120 for barrel this month as will continue to close to the levels of $130 at the end of May said Scott Brown energy expert in World-Signals.com. Mr. Brown predicted the raise of the Crude Oil to $120 in April in earlier forecast this year.
The last Crude Oil record is at $122.63 and that would not be all as the forecast remain for continue upward movement.
Published on Tue, May 6 2008, 18:33 GMT
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The dollar with 600 pips gain against the euro
Fri, May 2 2008, 06:39 GMT
by Peter Mill
The dollar is on the way to make second winning week against the euro. The dollar gained almost 600 pips from the record trading level of 1.6019 on April 22nd. The gains of the dollar against the euro, Swiss franc, and yen will continue in the coming couple of days. It is very important the U.S. Non-farm Payrolls to support the dollar today. If the report is positive the dollar gains will continue.
One of the reasons for the recovery of the dollar is the end of Fed interest rates cut. After the last correction with quarter percent the Fed will hold the interest rates at 2.00% for long time.
The second reason for the recovery of the dollar is the first weakness signals for the Euro Zone. The growth in Europe is with new correction down. The problems for Europe comes while United States probably are at the bottom and will start moving up. The next fundamental news for the Euro Zone and United States probably will continue to support the raise of the dollar said George Marshal forex analyzer in World-Signals.com.
Published on Fri, May 2 2008, 06:39 GMT
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The forecast of World−Signals.com for $120 for barrel happens
Mon, Apr 28 2008, 07:02 GMT
by Peter Mill
The world is near the top of the possible expansion of oil productions. There are not technologically chances for further increase of oil production in near-term. Also most of the oil stores are in difficult areas to produce, as is necessary time and high investments to supply. The Crude Oil almost touches $120 for barrel today and continue with the new records day after day. The forecast of World-Signals.com earlier this year for levels of $120 in April 2008 happen. We are forecasting the crude oil to trade at $120 in April in our earlier forecast: http://www.world-signals.com/forexnews/display-item.php?newsid=26
The new forecast is continuing of the raises of oil prices in whole 2008. We can see levels of $150 for barrel in September 2008 while at the end of 2008 the forecast of World-Signals.com is levels up to $160-$180. There are not chances for production expansion and also OPEC would not raise the production said Scott Brown energy expert in World-Signals.com. At the same time the consummation of oil expanded continues. China and India will continue to expand the consummation while at the same time the terrorists will continue to attack the pipelines. While at the same time at any recovery of the oil there are many traders ready to buy oil.
Published on Mon, Apr 28 2008, 07:02 GMT
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German Business Confidence at two years low
Thu, Apr 24 2008, 08:42 GMT
by Peter Mill
Europe starts to suffer by the high oil prices and the crisis over the Atlantic. The Germany Business Confidence down to the lowest level in the last two years. The biggest European economy Germany the locomotive of Europe comes in crisis period due too the high inflation caused by foods and oil prices jump. The International Monetary Fund cut Germany’s growth forecast for this year. Due too these problems for Europe the investors expect the European Central Bank action. It is expecting the bank to dump the inflation and to cut the interest rates within six months time. The dollar starts with fast recovery against the euro after the release of Germany Business Confidence during the morning European session. If the recovery continue the euro dollar trading should reach levels of 1.5550 said George Marshal forex analyzer in World-Signals.com.
Published on Thu, Apr 24 2008, 08:42 GMT
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Recession and Inflation expect the world
Sun, Apr 20 2008, 18:57 GMT
by Peter Mill
The Fed is close to the time when will stop with the interest rates cut. The forecast is that the Fed will cut the interest rates between quarter and half percent on April 30th 2008. Due too the high inflation in United States the Fed is close the time when will end the interest rates cut. We can see levels down to 1.50-1.75% and then the Fed will stop said George Marshal forex analyzer in World-Signals.com. The United States recession deeper and will continue to spread over the world economy. The years of progress are over. It is time to see high inflation. The world is very close to the time when the banknotes would not means prosperity and the resources. The one of the most important investment these days is the oil. The oil would not turn the tendency for raising prices due too the limitation of the resource.
Published on Sun, Apr 20 2008, 18:57 GMT
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The recession is fact for the world biggest economy
Wed, Apr 16 2008, 15:36 GMT
by Peter Mill
The dollar again is at new record low level against the euro. The attacks against the dollar start during the European session today. It is close to see levels above 1.60 said George Marshal forex analyzer in World-Signals.com. The traders speculate against the poor situation of U.S. economy today. The attacks against the dollar started earlier today due too the concerns for the economic results for U.S. Housing Starts and Building Permits. The new housing starts rise by the prior month slowly but the fact is the end of the winter and much more project houses start to build. The key future indicator Building Permits set new poor result. The recession is fact for the world biggest economy. This time recession with inflation add Mr. Marshal. The dollar set the new record at 1.5968 and is very close to break above 1.60. The Oil prices continue to jump day after day as by this way the dollar continue to lose. We can see levels as far as 1.65/1.67 if ECB and Fed not take together actions against the losing dollar.
Published on Wed, Apr 16 2008, 15:36 GMT
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The world economy is in crisis and we are not seeing the bottom yet
Sat, Apr 12 2008, 19:16 GMT
by Peter Mill
G-7 continues to monitor the forex market very closely and is concern about the fluctuations in exchange rates. Most of the analysers said that these words would help to the dollar not to lose so fast against the major currency. In World-Signals.com we do not believe the win of the dollar by G-7 meeting. The dollar will remain under new attacks and we can see levels of 1.60 and above this month said George Marshal analyser in World-Signals.com. At the same time the cut of oil production by OPEC will boost the oil above $112 up to $115 in very short time that will help to the euro to gain against the dollar above 1.60. The world economy is in crisis and we are not seeing the bottom yet, said George Marshal. The situation will out of control if all majors banks not start working together to avoid the consequences by the credit crisis and U.S. recession together with strong inflation in Europe. The inflation will remain the main concern for Europe. Europe will give to the world the inflation crisis, while U.S. spread the credit crisis. U.S. and Europe send to the world recession, high inflation, as the crisis already starts in Europe.
Published on Sat, Apr 12 2008, 19:16 GMT
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The credit crisis may be reached the bottom
Tue, Apr 8 2008, 19:09 GMT
by Peter Mill
The market is very dynamic today. But as overall the volumes are not high. The traders start to speculate whether the U.S. economy is reached the bottom. The forecast is that the credit crisis is in the bottom and the economy will start to recovery. At the same time the Fed will cut the interest rates once with quarter percent or maximum to half percent. The Euro-Dollar touches 1.58 today during the Asian session. The dollar recovered during the European session. The tendencies for weak dollar remains as key for the dollar are the levels above 1.58. The chances for break above 1.5903 remain high said George Marshal analyzer in World-Signals.com. The forecast is for mix trading with movements close to 1.58 again and recovery down below 1.5670.
Published on Tue, Apr 8 2008, 19:09 GMT
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U.S. Jobs market and Fed interest rates politic
Fri, Apr 4 2008, 10:06 GMT
by Peter Mill
The dollar losing continue using the moment of speculations about the situation in U.S. jobs market. The traders speculate that today’s report will show U.S. Unemployment rate at 5.0%. At the same time the world biggest economy will lose over 50 000 jobs. Also speculations for new Fed interest rates cut and the words of Bernanke that the economy is in recession push the dollar at the levels close to the record low against the euro. “We can see levels of 1.58 today even close to 1.5903 the record levels since March 17th,” said George Marshal market analyzer in World-Signals. The forecast of World-Signals.com is new interest rates cut with half percent to 1.75% while is possible new cut with 75 bps to 1.5%. This will be the last interest rates cut according to George Marshal and will keep for at least 12-months.
Published on Fri, Apr 4 2008, 10:06 GMT
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UBS suffering from U.S. subprime crisis
Tue, Apr 1 2008, 07:11 GMT
by Peter Mill
The Euro declines for second day against the dollar after the release of UBS plan for additional capital of $15 billion. The bank is the biggest European bank loser from U.S. subprime crisis. An UBS problem is the first solid signal for the spread crisis in the European Union. Europe will suffer from U.S. crisis predict some expert’s very soon. After the UBS bank news was release follow mass euro sells. The recovery of the dollar will continue.
The
expert of World-Signals.com George Marshal forecast that the euro would down to
1.5450 against the dollar. Yesterday the EURUSD was trading at 1.5896 just 6
pips away from the ever time record. After that the EURUSD recovered to 1.5653
during the morning European session.
Published on Tue, Apr 1 2008, 07:11 GMT
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EURUSD can up to 1.6150 in the first week of April
Fri, Mar 28 2008, 20:11 GMT
by Peter Mill
The dollar finished the trading week at the levels of 1.58. The dollar is very close to test again 1.59 in any new negative news for the U.S. economy or positive news for the Euro Zone. According to our analyses in World-Signals.com Euro Dollar trading will test 1.59 in the coming week. We can see levels of 1.60 up to 1.6150 in the first week of April said George Marshal analyzer in World-Signals. The speculations for U.S. jobs market are on focus now. Except that the chances for new interest rates cut with 50 bps to 75 bps raises day after day. In this situation the prediction are for successful break above 1.5902. On downturn the dollar should gain to 1.56 or 1.5550 but the chances for such movement are minimal.
Published on Fri, Mar 28 2008, 20:11 GMT
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The EURUSD is possible to turn back above 1.56 very fast
Mon, Mar 24 2008, 10:29 GMT
by Peter Mill
The dollar is again under pressure after the new recovery during the Asian session. Although that Europe celebrates the Eastern the market is very dynamic in low volumes. The rumors for deeper crisis and possible intervention far above the current trading levels push the speculations to open again new long positions. The traders continue to trade against the dollar said George Marshal analyzer in World-Signals.com. We can see fast trading move within two days to the records of 1.5905 add Mr. Marshal. The chances for continue of the dollar recovery decrease hour after hour. The expecting key U.S. fundamental events probably will push the dollar up above 1.56 till the end of Tuesday.
Published on Mon, Mar 24 2008, 10:29 GMT
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The dollar gains on profit taken elsewhere
Wed, Mar 19 2008, 20:09 GMT
by Peter Mill
The dollar recovery today against the major currencies like the euro with about 200 pips, the British pound with over 300 pips, the Gold spot with more than 50 dollars, Crude Oil with over 5 dollars and other commodities and currencies. The reason for the dollar gains is profit taken. In very high volumes the investors turn back the profit. The euro not succeeds to break for second time above the levels of 1.59 and in second day not set new records. “The profit taken will continue elsewhere,” said George Marshal analyzer in World-Signals.com. In the coming days the pressure against the dollar will remain while most of the investors predict new 75 bps interest rates cut till the summer. If the Fed continues to cut the interest rates with 75 bps to 1.5% then we can say this will be the last interest rates change into downside.
Published on Wed, Mar 19 2008, 20:09 GMT
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The investors are ready for 100 bps interest rates cut
Mon, Mar 17 2008, 18:37 GMT
by Peter Mill
The investors are ready for tomorrow’s Fed interest rates cut with 100 bps to 2.00%. The Fed must cut the interest rates fast to levels of 1.5%-2.0% to be able to reduce the consequences by the credit crisis said Peter Mill expert by World-Signals.com. The Fed had to be aggressive with the interest rates politic during the Summer-Autumn 2007, as this decision will come too late to help to U.S. recession. The dollar probably will be set on new attacks to test the levels of 1.60 tomorrow. Together with the expecting new worse U.S. housing data the chances for the dollar are just over the banks intervention.
“The situation is out of control everywhere the traders sell dollars,” said George Marshal economist in World-Signals. In this market with continue forecasts for dollar weakness the trading ideas remain in new sells of dollars.Published on Mon, Mar 17 2008, 18:37 GMT
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The Gold, EURUSD and USDCHF with new records today
Fri, Mar 14 2008, 15:30 GMT
by Peter Mill
The traders prefer to sell dollars at the end of very dynamic business week, a week where the dollar was widely losing. The euro set new trading record against the dollar at 1.5686. At the same time the Swiss Franc was trading for first time below 1.00 @ 0.9987. The Gold finally break above $1000 with new record @ 1006.70 just 30 minutes after New York opening. The traders run away by the dollar and turn all investments in other investments like Gold, Oil and other currencies. The Gold breaks $100 levels between $900 and $1000 just for 2-months. The moving up will continue and we do not see other solid psychological level to stop the raising metal.
Published on Fri, Mar 14 2008, 15:30 GMT
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Intervention fears stop the fast Euro gains
Fri, Mar 14 2008, 11:10 GMT
by Peter Mill
The fears that ECB and Fed will intervention on the market stop the traders by risky new bought of euro against the dollar. At the same time some of traders take profit by the last movements up. Still is early to talk for full profit taken process we believe in World-Signals.com. If follow profit taken process the EURUSD trading will turn down to levels of 1.5250. Most of the traders wait for levels of 1.5500 where the forecast is to open new long with target of new record level. The dollar was supported after the release of European consumer prices and wages rose more than economists forecast, as leave room to ECB to lower the interest rates in the second half of the year. The EURUSD was trading today just before the start of European session at new record of 1.5650. Some traders already speculate when are possible interventions as the forecasts show levels of 1.60 for such intervention.
Published on Fri, Mar 14 2008, 11:10 GMT
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The U.S. Retail Sales were worse than expected today
Thu, Mar 13 2008, 12:41 GMT
by Peter Mill
U.S. Retail Sales for February down to –0.6% from the prior month of 0.4% and forecast for 0.2%. At the same time the Retail Sales ex-auto for February down to –0.2% by prior 0.5% and forecast of 0.2%. The U.S. market continues to suffer by the almost starting recession. At the same time the weekly initial claims remain unchanged from the prior week at 353K by forecast for 353K. The news for worse than forecasting U.S. Retail Sales was widely expecting during the European session and the market generate this news already. In the first minutes after the news the dollar up slowly against the majors as just 3-hours before was trading at new record against the euro @ 1.5626. The all factors are against the dollar these days and there are not signs for support for the currency of the world biggest economy said Peter Mill by World-Signals.com.
Published on Thu, Mar 13 2008, 12:41 GMT
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Crude Oil forecast is to reach $125 in April 2008
Thu, Mar 13 2008, 11:06 GMT
by Peter Mill
The Crude Oil breaks above $110 for first time. The Crude Oil set new record at $110.15 during the end of U.S. session. The Crude Oil breaks above $100 for first time on February 22nd 2008. Just 22 days after this psychological break above $100 the crude oil break $110. The raising of the oil would not stop. In World-Signals.com we predict trading levels in April 2008 of $120-$125. At the end of 2008 the Crude Oil will be trading at the levels of $180-$200. Many traders turn their investments in commodity sector. The oil is on the way to set new records every day while OPEC continue to hold the production at the same volumes and the dollar continue to suffer by U.S. recession. The traders use any turning down with $1-2 to buy again expecting new records. It is necessary strong support by OPEC and the central banks to stop the market panic.
Published on Thu, Mar 13 2008, 11:06 GMT
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Just intervention on the market will stop the falling dollar
Wed, Mar 12 2008, 10:57 GMT
by Peter Mill
The Fed measures to support the dollar with $200 billion was positive just for 16-hours. After the report for Euro Zone Industrial Production the dollar lose and is close to the record trading level against the euro from yesterday. It is expecting to see try to set new record today. The possibility to see trading of EURUSD above 1.55 is more than 75%. The industrial production in the Euro Zone raise much more than the expectations up to 0.9% from the consensus 0.3, 0.4%. While the Fed action to prevent the recession and credit crisis is with long-term meaning the moment conditions remain strong negative for the dollar. To help for the dollar is necessary just one action. This was the action that happen in 2000 when ECB intervention on the market. We at World-Signals.com believe that is necessary strong intervention on the market at least twice time to turn the tendency of falling dollar.
Published on Wed, Mar 12 2008, 10:57 GMT
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The first Fed supports for the dollar from months is fact
Wed, Mar 12 2008, 09:34 GMT
by Peter Mill
The Fed makes the first support for the dollar by many times. For first time the dollar gain so much against the euro after the very disappointed reports for the U.S. growth forecast and the better than expected Euro Zone and especially Germany Sentiment Index. The dollar was trading at 1.5493 against the euro during the noon in Europe. The Fed finally takes action as announced plan for support of the credit market crisis with fresh $200B available through weekly auctions. Just for 3-hours after the news the dollar gain over 200 pips against the euro. If the Fed measures are adequate and continue to support the dollar in near-term the trade should back at the levels below 1.50. The Fed statement today is signal that finally the Fed is care about the crisis in U.S. mortgage sector. But it is necessary more steps to stop the falling dollar.
Published on Wed, Mar 12 2008, 09:34 GMT
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The first Fed supports for the dollar come today
Tue, Mar 11 2008, 19:20 GMT
by Peter Mill
Today the Fed makes the first support for the dollar by many times. For first time the dollar gain so much against the euro after the very disappointed reports for the U.S. growth forecast and the better than expected Euro Zone and especially Germany Sentiment Index. The dollar was trading at 1.5493 against the euro during the noon in Europe. The Fed finally takes action as announced plan for support of the credit market crisis with fresh $200B available through weekly auctions. Just for 3-hours after the news the dollar gain over 200 pips against the euro. If the Fed measures are adequate and continue to support the dollar in near-term the trade should back at the levels below 1.50. The Fed statement today is signal that finally the Fed is care about the crisis in U.S. mortgage sector. But it is necessary more steps to stop the falling dollar.
Published on Tue, Mar 11 2008, 19:20 GMT
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Absolutely records on the forex market
Mon, Mar 3 2008, 06:35 GMT
by George Marshal
On the world market the situation is just like a hard crisis. Record level of Oil prices, Gold prices, Euro Dollar, Dollar Swiss Franc. The investors sell dollars and move to metal trading and commodities. The Gold prices will reach $1000 this month while the Oil prices moving sure above $100. The forecast of World-Signals.com is in March to see the Gold at levels of $1050-$1100, at the same time the Oil at $110/120 while EURUSD will be trading at levels of 1.55 and the Swiss franc will be equal to the dollar even will be trading at 0.98/0.99. The Fed prepare to cut the interest rates again, but it action is too late. The U.S. economy sends many signals to the world that the crisis is deep and come into recession. It is came black time for U.S. and the dollar.
Published on Mon, Mar 3 2008, 06:35 GMT
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The dollar remains stable after Existing Home Sales
Mon, Feb 25 2008, 16:25 GMT
by George Marshal
The dollar keeps the positions from Friday. The consolidation process of Euro-Dollar at 1.4800/30 continue after the better than expected U.S. Existing Home Sales. The forecast for January was 4.80M while the release data at 10 AM today was 4.89M. The Existing Home Sales still going lower from the prior month at 4.91M. The dollar trading is in very low range today as still is waiting for new signs for the situation of the world biggest economy. The traders expect tomorrow’s key Consumer Confidence report that in the last month was at very low-level signal for recession in United States. At the same time the oil prices remain close to $100 for barrel that continue to push new negative signals for the U.S. economy.
Published on Mon, Feb 25 2008, 16:25 GMT
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The dollar and Oil are under new attacks
Wed, Feb 20 2008, 19:51 GMT
by George Marshal
The dollar recovery against the euro was for very short time. Although the good U.S. fundamental data include higher inflation and almost stopping fall of new housing starts the dollar lose the gains within 4-hours time. The traders continue to consider the euro as very attractive currency and buy at any better levels. The record oil prices above $100 make the traders very nervous. The dollar recovery during the early U.S. morning to 1.4613 but very fast lose 100 pips and at the moment is trading at 1.4717 one hour before the U.S. close. The latest U.S. economic events should be considered as positive but the fears in the investors together with the record oil prices send new negative signals for the dollar. In the coming few days the oil will hold the trading levels above $100 while the dollar will be under pressure elsewhere said Peter Mill expert in World-Signals.com.
Published on Wed, Feb 20 2008, 19:51 GMT
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Fast sells of pounds on the market
Mon, Feb 18 2008, 11:57 GMT
by George Marshal
The British pound after the temporary and speculative recovery against the dollar starts to suffer. During the morning European session today the traders in panic sell pounds. The first nationalization of bank since 1984 is fact. The suffering bank Northern Rock will be nationalize that send very bad signals for the situation in U.K. bank sector. The pound lose more than 120 pips for just few hours against the dollar. The pound will continue to suffer as the crisis deeper and is widely expecting Bank of England to cut the benchmark interest rates couple of times this year. The forecast of World-Signals.com is continuing selling of pounds. The pound will lose against the dollar in short-term and long-term period. We see chances for tiny recovery of the pound in mid-term period said Peter Mill expert in World-Signals.com. The key support at the moment is form as psychological level at 1.90 while the technical support is at 1.9337.
Published on Mon, Feb 18 2008, 11:57 GMT
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Speculative trading against the dollar
Fri, Feb 15 2008, 10:48 GMT
by George Marshal
The dollar continues to lose against the euro and Swiss franc after Bernanke speak for the economy weakness. The latest movement is based on speculative trading. The latest economic reports show some positive signals in U.S. Retail Sales and Trade Deficit. At the same time there are many signals for starting crisis in the Euro Zone also signals for starting cut of Euro Zone interest rates. On the other side the recession in the world biggest economy is still in doubt and the Fed and Bush administration will invest to avoid the recession. The latest dollar weakness is absolutely speculative and do not show the real fundamentals said Peter Mill expert in World-Signals.com. The recovery of the dollar was stopped first by the technical support but after that was not supported. At the end Bernanke again send negative signals for the dollar that effect is already in progress on the forex markets.
Published on Fri, Feb 15 2008, 10:48 GMT
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Euro Zone slowly goes to crisis
Mon, Feb 11 2008, 20:09 GMT
by George Marshal
The traders continue to search direction for the Euro-Dollar trading in the first day of the new week. The trading today was based on technical trading. The traders also continue to speculate with the situation of the U.S. economy, but this time the worries for the European economy rising also. Some signals by the Euro Zone show-starting crisis like the crisis on the other side of the Atlantic Ocean. The dollar will continue to take advance against the euro this week said Peter Mill by World-Signals.com. We expect in near-term the dollar to test at the levels below 1.44 against the euro. We see chances for successive test. The taking measures by the Fed and U.S. administration of the president Bush are normal strong and should support the U.S. economy. At the same time ECB president continue with the firm politic about the interest rates. This will be not measure on time, because the crisis in the Euro Zone is on daily order.
Published on Mon, Feb 11 2008, 20:09 GMT
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BoE to cut the interest rates with quarter percent today
Thu, Feb 7 2008, 08:25 GMT
by George Marshal
The one of the top news today is the Bank of England policy meeting. The investor’s consensus is that the bank will cut the key benchmark interest rates with quarter percent. This will be the second interest rates cut after the start with credit crisis on the island. The first bank suffering by the problems with the U.S. mortgage sector in Europe and UK was Northern Rock. Bank of England keep the highest interest rates among the four key banks in the world. The starting recession in U.S. cause some problems in UK that problems will widen if BoE not act fast. Bank of England should cut the interest rates with half percent or to make new quarter percent cut on the next meeting said Peter Mill expert in World-Signals.com. We at World-Signals.com predict Bank of England to make at least 3 corrections down with quarter percent this year. The pound loss against the dollar and is necessary to break below 1.9337 the record low since January 22nd 2008. If the pound break below this level is expecting test of the levels below 1.90 in near term.
Published on Thu, Feb 7 2008, 08:25 GMT
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The euro failed to battle with the dollar for new record
Sun, Feb 3 2008, 15:25 GMT
by George Marshal
The euro failed to battle with the dollar for new record. The result of the fail to break above 1.4960 was recovery of the dollar to levels below 1.48. The new week will be a week of speculation news that will send new negative signals to the dollar and U.S. economy. There are strong interest of many investors and banks to keep the dollar as low as possible. The traders expect the key ISM Services on Tuesday, as is expecting reading above the key level of 50 where levels up means continue expanding of the economy. The consensus forecast is for level of 53.0. The key trading at the high levels of 1.4860/1.4940 is the strong resistance where many traders are ready to sell in expectation for recovery of the dollar. The chances for euro gains against the dollar are minimal. It is expecting recovery of the dollar in the coming week. But the break above 1.4960 will be critical for the dollar stability in the coming couple of months.
Published on Sun, Feb 3 2008, 15:25 GMT
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If the EURUSD break above 1.4960 will follow 1.52
Wed, Jan 30 2008, 10:22 GMT
by George Marshal
The dollar is in very delicate situation close to the record low level against the euro. Any strong action by the traders will break the key resistance levels of 1.4960 and the trading will move above 1.50. The break of this psychological level will start real panic on the markets. The panic will move the dollar at 1.52-1.53 very fast. It is very important for the dollar to not beak above 1.49 in these days. The market is ready to accept new half percent interest rates movement down to 3.00%. But Bernanke is unpredictable and always surprises are possible. The U.S. economy still is possible to avoid recession said Peter Mill expert in World-Signals.com but it is necessary adequate actions of the Fed and Barnanke.
Published on Wed, Jan 30 2008, 10:22 GMT
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New Fed action will follow in the coming week
Fri, Jan 25 2008, 16:23 GMT
by George Marshal
The optimism for the situation of U.S. economy is at the lowest level since the start of the crisis for U.S. mortgage sector. The expectations are high that Fed action was not enough this week when the Fed cut the benchmark interest rates with 3/4th of the percent. The forecast is the Fed to cut the interest rates with half percent to 3/4th of the percent. May be many traders memory Bernanke speech few months ago when he said after half percent interest rates cut that is the last cut? May be the traders who believe to Bernanke are too low already. It seems that Bernanke do not know what doing and how to avoid the almost starting recession. I do not see chances for strong U.S. economy with Bernanke said Peter Mill expert in World-Signals.com. This man make step after step from bad to worse. The chances for U.S. economy to recovery were high but after Bernanke actions the chances are minimal already.
Published on Fri, Jan 25 2008, 16:23 GMT
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The technical corrections on the forex market continue
Tue, Jan 22 2008, 13:21 GMT
by George Marshal
In the period when there are not key economic events the most important for the traders is the technical trading together with the speculations about the Fed and ECB interest rates politic. Most of the traders use the very good bottom of EURUSD @ 1.4365 and open long positions in high volumes expecting new high levels. Although that the situation in the European Union is not clear with forecast for slow down of economic growth together with cutting of the key benchmark interest rates. At the same time the fears of U.S. recession come into Europe and most of the economists predict worse situation in the Euro Zone. It is widely expecting the Fed to cut the interest rates at the end of January with 50 to 75 bps while ECB to cut the interest rates with 50 bps to the end of 2008. In World-Signals.com predicts that ECB have to cut the interest rates more than 50 bps to the end of 2008, while for the Fed this interest rates correction have to be the last of the serial correction by the last couple of months.
Published on Tue, Jan 22 2008, 13:21 GMT
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The US economy problems will come into European Union soon
Thu, Jan 17 2008, 07:59 GMT
by George Marshal
The dollar was strongly supported by European Central Bank council member Yves Mersch who said that ECB should exercise caution as risks to economic growth mount, prompting investors to bet the ECB is shifting its stance toward a cut in interest rates. The crisis in the US housing sector and the fears for expecting recession should come into EU warn ECB. If the leading economic in the world come into recession the chances for recession and serious economic crisis in EU are more than 50% said Peter Mill expert in World-Signals.com. ECB have to think earlier with the interest rates politic and instead to raise the interest rates to think for eventually cut and balancing between the inflation and the expecting problems in the Euro Zone.
Published on Thu, Jan 17 2008, 07:59 GMT
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The Gold trades set all 4−days consecutive records
Sat, Jan 12 2008, 20:43 GMT
by George Marshal
The Gold spot continue to move to new records. Many traders already expect the psychological break of $1000 for the Gold after the touch of $900 this week. The investors trade just like the world is in war and the most important investments are the well knows precious metals. The Gold set new record on Friday @ 897.80 after 4 consecutive days with new records. In spite the situation with the dollar the chances for successive break above $900 in the coming few days are sure. World-Signals.com predicts levels above $1000 for the Gold in 2008.
Published on Sat, Jan 12 2008, 20:43 GMT
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New Gold spot record on the market
Tue, Jan 8 2008, 13:31 GMT
by George Marshal
The spot Gold set new record during the European trading at $876.20. It is ever time high level. The Gold move for first time the level above $800 in November 2007. The gold trading is close to test the next psychological level of $900 in the coming weeks. The traders sell any currency especially dollars and bet to sure investments like the Gold and Oil. The forecast of World-Signals.com is break above $900 in February 2008 and levels above $1000 in the mid of 2008. At the beginning of 2007 the gold was trading at the levels of $605 as move over $250 for a year or 40% raise.
Published on Tue, Jan 8 2008, 13:31 GMT
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Very disappointed reports for US Jobs market
Fri, Jan 4 2008, 13:42 GMT
by George Marshal
Very disappointed reports for the US non-farm payrolls with rise of just 18K in forecasting of +70K. At the same time the Unemployment rate up to 5.0% with 0.2% higher than the forecast and 0.3% high than the prior month. The analysis in the consensus expectations do not show so big difference and may be in the coming month there will be correction of the these reports. The dollar breaks above 1.48 after the report versus the euro and is ready to close the record levels of 1.4950 from November 2007. At the same time Peter Mill expert in World-Signals.com said that the traders prepare for trading levels of 1.50 this month.
Published on Fri, Jan 4 2008, 13:42 GMT
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Stronger dollar in the last business day for 2007
Mon, Dec 31 2007, 08:29 GMT
by George Marshal
It is better most of the U.S. consumers to make shopping at the last day of the year to help the economic using the very good prices in the shops and to forget about the job today. Stop working today and go to shopping is the best help for the U.S. economy that have to send positive signals in the beginning of 2008. For the last business day in 2007 the market is in very low volumes. Practically the trading will be dynamic today in these very low volumes. The start of 2008 is very important and many traders will follow the trading direction during the year the trading by the first week of 2008 direction. As overall today the dollar will make recovery against the majors currencies.
Published on Mon, Dec 31 2007, 08:29 GMT
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The dollar is again the new loser on the market
Fri, Dec 28 2007, 07:00 GMT
by George Marshal
The U.S. Durable Orders send the one of the most important signal to the traders to start with the new fast sell of dollars. The dollar loses more than 300 pips against the euro during the trading of low volumes in the market holiday. In World-Signals.com predict new dollar lows with chances for test of the record low levels since November this year. The situation for the dollar and U.S. economy remain black while at the same time the European Central Banks continue to support the strong Euro. In this situation the dollar is one the losing position again. The market situation changed very fast and the dollar is again the loser by this situation said Peter Mill expert in World-Signals.com.
Published on Fri, Dec 28 2007, 07:00 GMT
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World−Signals.com expect stable dollar in the coming weeks
Sun, Dec 23 2007, 19:52 GMT
by George Marshal
Optimism for the world biggest economy keeps the dollar stable at the end of the year. Just a day before the holiday the traders prefer to close their short EURUSD positions, but the tendency for new dollar recovery after the holiday remains. The dollar will test the levels below 1.40 to the end of 2007 or at the beginning of 2008. The U.S. economy is in good condition and after the holiday will send positive fundamental signals. In World-Signals.com the tendency is for positive news for the U.S. economy and continue recovery of the dollar. We expect test of 1.40 in very short time probably the end of the year before.
Published on Sun, Dec 23 2007, 19:52 GMT
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The pound−dollar will test 1.96 in near term
Thu, Dec 20 2007, 10:44 GMT
by George Marshal
The British pound fell below the level of 2.00 and even test the levels of 1.99 today after the solid decision by Bank of England to cut the interest rates with quarter percent this month. The traders speculate by the statement today that BoE is ready to cut the interest rates again in the beginning of 2008. The recovery of the dollar against the pound will continue, as the key supports are form at 1.9800 and the levels of 1.9550/1.9600. These both levels will be tested till the end of 2008. We at World-Signals.com hold short positions in target of 1.19600 in near term.
Published on Thu, Dec 20 2007, 10:44 GMT
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The year 2007 is called "The year of the inflation"
Sun, Dec 16 2007, 10:33 GMT
by George Marshal
The year 2007 we at World-Signals.com call the year of the highest inflation in the whole world. This high inflation comes in the world biggest economy after the Friday’s consumer price index report. Almost all countries of the world suffer by extremely high inflation this year. The inflation this year was cause by couple of factors one of the most important is the high oil prices and the weak dollar. The rumors and fears for the starting recession in U.S. together with the problems with the world economic growth send the currency investments as losing. Finally this high U.S. inflation causes the Fed to think about the new interest rates correction. The high inflation would not allow to Bernanke to cut the key benchmark interest rates again. The dollar is attractive currency again and many traders will start to accumulate dollars in expectations for recovery. The dollar there is broad space for recovery after the huge losses during the last couple of years.
Published on Sun, Dec 16 2007, 10:33 GMT
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The Fed finally acts to support the dollar
Tue, Dec 11 2007, 20:54 GMT
by George Marshal
This time the Fed follows the expectations and supports the dollar and U.S. economy with normal quarter percent interest rates cut. The Federal Reserve cut the key benchmark interest rates to 4.25% from 4.50% today to stimulate the housing sector and the mortgage crisis. At the same time Fed keep the high interest rates still higher than the ECB. In the coming 1-3 months will decide whether the Fed action is successive. If the U.S. economy continues to suffer the Fed is ready to cut the interest rates again. Fed action was adequate this time after not appropriate politic in the last couple of months said Peter Mill expert in World-Signals.com. The dollar will start to gain while on the other side ECB signal for interest rates couple of months with not real action. These speculations by ECB not help to the dollar and aim to push the dollar as low as possible against the euro add Peter Mill.
Published on Tue, Dec 11 2007, 20:54 GMT
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Many rumors and speculations against the dollar on the market
Fri, Dec 7 2007, 12:12 GMT
by George Marshal
There are many interests from European Central Bank and Federal Reserve to keep the dollar as low as possible and use any moment to send the dollar to the last records against the euro. The dollar is under pressure due too the continue speculations about the economic slowing down and the crisis with U.S. housing sector. The Fed will cut the interest rates, as the act with quarter percent will be helpful for the economy and for the dollar. Ben Bernanke but sometimes is ready to surprise the market and will be happy to see the dollar under new attack from the major currencies. We do not believe in the strong dollar with Bush and Bernanke said Peter Mill expert in World-Signals.com.
Published on Fri, Dec 7 2007, 12:12 GMT
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BoE cut the benchmark interest rates with 25 bps to 5.5%.
Thu, Dec 6 2007, 12:18 GMT
by George Marshal
Bank of England cut the benchmark interest rates with 25 bps to 5.5% for first time in two years. The reasons for the interest rates cut were the credit costs and the falling housing prices. The most of the traders expect BoE to cut the interest rates on the next meeting but BoE fast with the decision. Probably it will start serial of interest rates cut by BoE in the coming months said Peter Mill expert in World-Signals.com after the decision of BoE today.
Published on Thu, Dec 6 2007, 12:18 GMT
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It's time to start to value the dollar again
Wed, Dec 5 2007, 20:24 GMT
by George Marshal
The latest economic data show that the biggest economy in the world will avoid the recession. It’s time the people to stop talk for recession and making speculations about it. The economic data is good and signal expansion, the inflation is low and Fed could continue control the situation with new interest rates cut. The better economic news for the US economy minimal the chances for interest rates cut with half percent. The traders expect on Tuesday the Fed to cut the interest rates with quarter percent. That will stimulate the economy and the rumors for recession have to be eased. It’s time to start to value the dollar again said Peter Mill expert in World-Signals.com.
Published on Wed, Dec 5 2007, 20:24 GMT
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Crude Oil target of $100 will delay with few weeks
Mon, Dec 3 2007, 20:07 GMT
by George Marshal
After the big Oil jump comes the recovery. The Crude Oil backed over $11 from the record high of $99 for barrel. The tendency for recovery of the Oil continues if the dollar will continue with the recovery. The Crude Oil was traded at $87 today a record low level since the end of October 2007. The stability of the U.S. economy and the dollar recovery will stop the raising oil and the prices for over $100 a barrel delay with few weeks. After this recovery for the psychological level of $100 will start to talk probably in the beginning of 2008. In World-Signals.com we predict stop of the oil recovery in the coming days and levels above $92 for barrel.
Published on Mon, Dec 3 2007, 20:07 GMT
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The Fed is ready to cut the interest rates
Fri, Nov 30 2007, 10:49 GMT
by George Marshal
It is very necessary the Federal Reserve to cut the interest rates again to stimulate the U.S. economy. The speculations for such interest rates cut became stronger after Bernanke raising the speculations. On December 11th the Fed is ready to cut the interest rates. After the prior Fed decision when Bernanke was firm with the words that would keep the interest rates politic firm for a longer time, we at World-Signals.com do not believe him. The Fed is necessary to cut the interest rates again and probably by the Fed is already agree with such correction. There are chances for new aggressive interest rates cut with half percent to be one cut but effective cut.
Published on Fri, Nov 30 2007, 10:49 GMT
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Expecting EUR/USD at 1.50 this week
Mon, Nov 26 2007, 06:50 GMT
by George Marshal
The dollar was across the board since Friday and continues to take ahead this early morning. But this process is temporary, as most of the traders will prefer to sell dollars at these low levels having a mind the record from Friday. Many traders believe that the dollar will fell at the levels of 1.50 and would not stop to lose against the major currencies. World-Signals.com recommends coming into long positions of EUR/USD with target above 1.50. The level of 1.50 has to see this week. The chances for continue dollar recovery like the recoveries from Friday afternoon are very low.
Published on Mon, Nov 26 2007, 06:50 GMT
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Bush−Bernanke − the men who will destroy the dollar
Wed, Nov 21 2007, 07:47 GMT
by George Marshal
New records on the market set the dollar after the continue rumors that the crisis with the U.S. housing sector is not over and the new Building licenses down to 14-years low, while the starting new housing up for first time this year. The combination of the two men Ben Bernanke and G. Bush is the worst for the dollar. These two men don’t care about the dollar and don’t know what to do. The interests of Mr. Bush are the wars and terrorists while Ben Bernanke is just usual Federal Reserve employ. Therefore Alan Greenspan is often in the camera focus with advises and interviews with warns about the starting crisis. The crisis in U.S. is on the way to become into recession with very deep problems that will take effect over the whole world economy few years.
Published on Wed, Nov 21 2007, 07:47 GMT
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World−Signals.com predicts Fed interest rates cut with 25 bps within few months time
Sun, Nov 18 2007, 14:40 GMT
by George Marshal
Some analyzers talk that there is consensus that Fed will leave the interest rates unchanged, but we at World-Signals.com do not see such consensus. The Fed is not ready with the interest rates decision and the chances for interest rates cut with 25 bps are not minimal. May be are necessary new stimulation for the U.S. economy to start with positive news after the mortgage crisis. An interest rates cut with still 25 bps will be very helpful for the economy. The inflation is in good level to cut the interest rates still one time. If the Federal Reserve and Ben Bernanke not cut the interest rates on December 11th 2007 it will be necessary interest rates cut at the beginning of 2008. The last comments by the Federal Reserve do not indicate clear actions. After the last interest rates cut the Fed signal that will hold the interest rates politic at the current level of 4.5% for longer time.
Published on Sun, Nov 18 2007, 14:40 GMT
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The dollar loses all gains from Friday and Monday
Wed, Nov 14 2007, 14:49 GMT
by George Marshal
After the dollar recovery against the euro from the beginning of the week the process with the dollar losing is again fact. The dollar loses all gains from Friday and Monday and is trading close to the record level against the euro at 1.4751. Currently the dollar is at the levels above 1.4700 as reached 1.4728. The first resistance levels are at 1.4720 followed by the record high of 1.4750. The level of resistance at 1.4750 is vulnerable and the chances for break above are high. The slow raise of the Retail Sales for October was one of the events supporting the euro. The big fears for the situation in the U.S. market sectors forecast will be release in short time while the traders believing that the Federal Reserve will cut the interest rates in December raises. In near term the dollar will be trading at 1.50, as the test of 1.4751 will happen this week is the forecast of World-Signals.com.
Published on Wed, Nov 14 2007, 14:49 GMT
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The clever investors start to accumulate dollars again
Sun, Nov 11 2007, 12:24 GMT
by George Marshal
The world
biggest economy succeeds to narrow the trade deficit. The low U.S. Dollar help
to the exporters and that cause the low U.S. trade deficit. The low level of
the dollar causes the effect by the narrow trade deficit. The Bush
administration will continue to hold the dollar at very low levels till the end
of Bush as president. The Federal Reserve is ready to cut the interest rates
again on December 11th 2007 with quarter a percent but the forecast
in World-Signals.com is for new aggressive interest rates cut in 2008 down to
3.50%-3.75%. After that the U.S. economy will start to overtake the crisis
while Europe and the rest world will come into deep recession. Some of the
investors are already in process of accumulating dollars in a very long-term
trading process while in 2008 the dollar will start to gain. Till then the
EURUSD will continue with target of 1.50 even to 1.55 while the pound should
break 2.18 against the dollar.
Published on Sun, Nov 11 2007, 12:24 GMT
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Chances for interest rates cut of BoE raising today
Thu, Nov 8 2007, 11:21 GMT
by George Marshal
Some chances for surprising interest rates cut of Bank of England are possible today. The high level of the interest rates put some questions about the UK housing market. The high interest rates cool the housing sector at the same time the manufacture sector is going down. At the moment the UK interest rates are at 5.75%. For the moment most of the traders expect Bank of England to hold the interest rates unchanged at 5.75% but the chances for rate cut raises and if not today on the next BoE meeting is possible interest rates cut with 25 bps. The pound trading is sure above 2.10 against the dollar and is on the way to test 2.11 soon.
Published on Thu, Nov 8 2007, 11:21 GMT
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China will set the end of the dollar as world currency
Wed, Nov 7 2007, 16:05 GMT
by George Marshal
On the markets today all charts was at fantastic movements. The dollar continues to suffer after China’s signal to change the huge dollar reserve into better currency than the dollar. It seems that power of the dollar as world currency is over. The dollar breaks above 1.47 for EUR and 2.10 with the GBP. At the same time the Gold jump with $20 just for couple of hours the crude oil break $98 and is on the way to test the psychological level of $100. The key world finance figures are not worries with the market situation. It is their normal reaction, reaction that will set many companies, investors and people in deep crisis. The next targets forecasts by World-Signals.com of EURUSD is 1.50 very sure to happen and GBPUSD at 2.15 while the Gold to jump above $860 and the Crude at $102 in a week time.
Published on Wed, Nov 7 2007, 16:05 GMT
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The Crude Oil will be at levels of $101 after 1−week time
Tue, Nov 6 2007, 20:32 GMT
by George Marshal
The Crude Oil for first time in the history breaks above $97.00 earlier today. The crisis with the oil prices and the dollar are connected and the low levels of the dollar will mean high oil prices. The World-Signals.com forecast for EURUSD is 1.50 in very short time while the Crude Oil forecast was for levels of $99-$100 in 15th-20th of November 2007. The new update in the forecast is for levels of $101/102 in the second half of November. The oil is a key weapon for the terrorists that start to be using first are the fears that push so high oil prices. While the oil jump to a new records almost every day the inflation in the U.S. will deeper by the so weak dollar. The forecast by our trading center is buying Crude Oil at prices below $95. The Crude Oil should recovery if break below $92.00.
Published on Tue, Nov 6 2007, 20:32 GMT
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The traders wait before the new test above EURUSD 1.45
Mon, Nov 5 2007, 20:05 GMT
by George Marshal
The dollar was flat during the first business day for the week. One of the news supported the dollar was the release of ISM Services. The traders will wait for new signal that the U.S. economy is close to recession to start new race of euro up to 1.47. Some of the traders are tired to race up and up and will be waiting for momentum. After 4 consecutive weeks of dollar loses against the euro this week will be not exception and almost all investors predict new low levels of the dollar. For today just not significant dollar recovery as is needed break below 1.4440 and then 1.4400 to see more deep recovery. In World-Signals.com predict very difficult test below these levels with higher chances for movement back above 1.45 for EURUSD.
Published on Mon, Nov 5 2007, 20:05 GMT
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Again the dollar lose on the market although the excellent Non−farm payrolls
Fri, Nov 2 2007, 13:00 GMT
by George Marshal
With or without recession the dollar has one direction with target 1.50 and 1.60 for EURUSD. The target with GBPUSD is at 2.10 after that 2.15. And 300K new jobs to open in the prior month the dollar is heading for 1.50 and nothing will stop. Sell everywhere dollars is the save. This is not a currency. These are inflation paper not dollars! The world biggest suffering currency is knows as dollar these months. There are not reasons the reason is that this currency is called dollars.
Published on Fri, Nov 2 2007, 13:00 GMT
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New bad news for the dollar again
Fri, Nov 2 2007, 10:20 GMT
by George Marshal
The dollar is again the loser on the market after the Fed cutting of the interest rates. Also the speculations that today’s reports in U.S. jobs market will send new worse signals for the economy. At the same time the France is agree with the ECB politic and the strong Euro will keep Europe by the inflation cause by the high oil prices. The World-Signals.com forecast is that the investors are ready to test 1.45, as break above 1.45 will signal 1.50 to the end of 2007. The expecting report for U.S. jobs market would not send positive signals and the dollar will leave the consecutive losing week.
Published on Fri, Nov 2 2007, 10:20 GMT
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Quarter a percent benchmark interest rates cut today.
Wed, Oct 31 2007, 18:08 GMT
by George Marshal
The Federal Reserve on today’s meeting decides to cut the key benchmark interest rates with quarter a percent to 4.5%. After many mistakes by the Federal Reserve Bernanke try to help to the economy using the key management of the economy with the interest rates. Today’s Federal Reserve action was the reasons for already 4-weeks upward trend of EURUSD. The market generates this decision but still the dollar is too weak with many negative factors to start solid recovery.
Published on Wed, Oct 31 2007, 18:08 GMT
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World−Signals.com forecast scenario for the EURUSD during the FOMC
Wed, Oct 31 2007, 17:12 GMT
by George Marshal
Bernanke is ready to send the EURUSD at 1.50 in very short time. The coming FOMC decision today is for Interest rates cut with 0.25% or aggressive cut with 0.50%. The meeting ahead the dollar is trading at new record low levels against the euro, pound and Swiss franc. The most expecting scenario according to World-Signals.com experts is in spite the Fed action the EURUSD to break 1.45 today after that to follow recovery. Although the very positive U.S. GDP-Adv. today the dollar remain under pressure due to the expecting interest rates cut.
Published on Wed, Oct 31 2007, 17:12 GMT
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New Crude Oil record after huge bought
Wed, Oct 31 2007, 16:13 GMT
by George Marshal
Just for a moment the Crude Oil recovery as many traders buy huge amount of barrels at the levels below $90 and close to $91. After that the Crude Oil set new record @ $93.90. The forecast of World-Signals.com is the barrel to touch $98-$100 in the time of 17-20 November 2007. The crisis with Turkey-Iraq border, the Bush warns for war with Iran and the cutting production in Mexico together with the weak dollar are the factors setting the new record with the Crude Oil price today. The analysis in World-Signals.com shows that to the end when Bush has to leave the president post will start a war with Iran. In this scenario on the market never will back the Crude Oil at levels below $100.
Published on Wed, Oct 31 2007, 16:13 GMT
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Is the final day for EURUSD jumping into records?
Wed, Oct 31 2007, 11:35 GMT
by George Marshal
The market generates all expectations for the expecting cut of the U.S. Interest rates today. But if the Fed act strongly and cut the interest rates with 50 bps to 4.25% the dollar should test 1.47 even today. Otherwise if the Fed keeps the interest rates the dollar also will test the levels above 1.45 to 1.47. A serial of negative reports are expecting this week for the U.S. economy that will signal new momentum to test 1.45 even ahead the FOMC meeting today. This is the fourth consecutive week with falling dollar. No lights in the tunnel for dollar recovery in near-term. No support for the dollar.
Published on Wed, Oct 31 2007, 11:35 GMT
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Mexico shut down the oil production due too storm
Mon, Oct 29 2007, 11:16 GMT
by George Marshal
The oil crisis became deeper as Mexico shut down the production. The season of the storms in the Mexican gulf is in full power. To keep the platforms and the workers of the coming storm the third-largest supplier of crude to U.S. halted the oil supplies. The oil break $93.00 and reach $93.15 in the continue process of targeting $100 per barrel. In a very short time is expecting the crisis with Turkey-Iraq border to deeper that will push the oil with another 2-5 dollars into upward direction. The forecast of World-Signals.com is open long @ 92.50/60 target @ 93.80/95.
Published on Mon, Oct 29 2007, 11:16 GMT
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Forecast for Crude Oil and world economy in 2008
Fri, Oct 26 2007, 13:49 GMT
by George Marshal
There is not analogy in the history with the price of the oil. Is the world in such a crisis for oil? The chart of the Crude Oil is solid into upward direction in geometry progress. If we are using the strong raise of the oil prices and the weak dollar the levels of $100 are not just realistic, these levels are low. The long-term forecast for 2008 seems that the crude oil will be trading above $100. In World-Signals.com making a forecast for oil prices in 2008 between $140 and $180 for barrel. What will be the effect of such fantastic trading levels? First these levels will be not fantastic following the war against the terrorism. The oil is the most important weapon for the terrorists. The fears by stopping of oil supply by the regions like Iraq and the whole Persian Gulf will totally destroy the world economy. China continue to expand and using more and more by the black gold. Russia is the big winner by the high oil prices and back on the world scene using the huge storages of oil. The world economy will suffer more and more by the high oil prices and the huge inflation that will follow. The high oil prices will jump everywhere the inflation. The dollar, not just the dollar but also the euro the pound, the yen will be not the same currency. The investments will turn into goods and much more investors will buy gold, oil, shares. It comes black times for the world economy.
Published on Fri, Oct 26 2007, 13:49 GMT
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Three ever time records on the markets today
Fri, Oct 26 2007, 06:55 GMT
by George Marshal
Three worlds records or ever time high today. Is today the black Friday or just the start of the world economy crisis? On the market this morning there are three new records. The record level of EURUSD that is in progress at the moment as still is not known where will stop at 1.4370, 1.44 or 1.50. The second the oil prices so fast break above $90 that this level $90 is so low as many investors will buy for the expecting jump to $100. At the moment the Light Crude Oil in New York is at $92 and it seems would not stop easy. $100 for the barrel forecasting for the New Year probably will happen earlier and for the New Year and the start of 2008 the Crude Oil will be trading at $105-$110, a forecast by World-Signals.com. The third all time record on the markets today is the Gold at $778 and is in progress for levels above the psychological level of $800.
Published on Fri, Oct 26 2007, 06:55 GMT
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World−Signals.com recommend buy EURUSD again
Tue, Oct 23 2007, 19:47 GMT
by George Marshal
The dollar backed at the positions the weekend before. After temporary recovery by closing long positions the dollar is again under pressure. Most of the traders sell new dollars against the euro in expectation for levels of 1.45 and above. The break above 1.43 will happen in the coming 24 hours, as the test of the record positions is sure in near term. The forecast by World-Signals.com is opening long positions as buy on dips.
Published on Tue, Oct 23 2007, 19:47 GMT
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New record EURUSD level ahead G7 meeting
Fri, Oct 19 2007, 11:39 GMT
by George Marshal
G7 will not discuss the crisis with EURUSD at all. The rumors are for discussion over the exchange rate between the dollar/yen and euro/yen. Just the France is the only one country worries about the strong euro. The rest key economics around the world are not care about the strong euro. That was one of the reasons for the new record EURUSD today set at 1.4319 ahead the opening of the European session. After G7 meeting today in Washington the crisis with the strong euro and weak dollar will became deeper. Deeper will be the crisis with the oil and gold prices. G7 would not help, G7 will make a problem to the world economy is our latest analyses in World-Signals.com
Published on Fri, Oct 19 2007, 11:39 GMT
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The oil prices at $90 per barrel a signal for $100 at the end of 2007
Fri, Oct 19 2007, 06:24 GMT
by George Marshal
The crisis with the Turkish army and the starting attack of the Turkish army into the north Iraq was just a reason for the new jump in the oil prices. The crisis with the oil is very deep and the investors prefer to buy at any price. The hopes for recovery of the oil prices are minimal. OPEC is not ready to increase the production. The prices breaks above 90 dollars for barrel is a reason many investors to believe that the early forecasts by this year for $100 per barrel will happen to the end of 2007. The oil prices rise for already 5-weeks starting at $78 for barrel. The world-signals.com Energy service predicts $100 for barrel in December 2007.
Published on Fri, Oct 19 2007, 06:24 GMT
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Still the bottom with the U.S. Housing sector is not reached
Wed, Oct 17 2007, 14:59 GMT
by George Marshal
The reports for September situation in the U.S. Housing sector is not difference than the prior months. Again the U.S. Housing starts and Building permits are far below the forecast. The very poor result continues to follow month after month and still the bottom is not reached. After the news release the dollar break 1.4200 against the euro and 2.04 with the British pound. Although the cutting key interest rates with 50 bps to 4.75% the effect by the prior high level of 5.25% will continue to influence few months in more. At the same time the high inflation will not allow to the Fed to cut the interest rates again to help to the crisis in the U.S. mortgage sector according to world-signals.com.
Published on Wed, Oct 17 2007, 14:59 GMT
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The traders do not believe to G7 meeting
Mon, Oct 15 2007, 10:23 GMT
by George Marshal
There is not optimism among the traders about the G7 meeting. The many key European finance men are in battle to keep the Euro as strong as possible for longest possible time. They will do everything to collapse the G7 agreement about the foreign exchange market. The chances for unanimous decision are less than 10%. Using these facts the dollar is again the new loser at the beginning of this week and is on the way to test 1.4280 today. After that the levels of 1.4440 and 1.45 is forming as key resistance.
Published on Mon, Oct 15 2007, 10:23 GMT
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The EURUSD is in consolidation ahead key economic events
Fri, Oct 12 2007, 12:10 GMT
by George Marshal
The EURUSD trading is within the range of 1.4160/1.4195. Break below 1.4160 will provoke movement to 1.4120/25. The market is into consolidation ahead the important events for the U.S. economy expecting this morning. If the data for the U.S. economy is worse than the forecasting the EURUSD is on the way to break 1.4195 and to provoke 1.4240 and then 1.4280. The first key events today are Retail Sales and Producer Price Index. The chances for positive data are higher for the moment according to World-Signals.com.
Published on Fri, Oct 12 2007, 12:10 GMT
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Although better U.S. Trade Deficit the dollar is weak
Thu, Oct 11 2007, 14:50 GMT
by George Marshal
Forget about the fundamental reasons and go ahead as sell dollars. With these words we at world-signals.com describe the market situation this morning after the opening of US session. The US Trade deficit narrow to -$57.6 with almost 2B lower than the forecast. Although the excellent trade balance report today the dollar stay weak again. After this break above 1.42 and is on the way to test 1.4280 after that and 1.44. The Initial Claims report was 308K in forecast of 315K again better than the forecast. The final market situation of EURUSD is new jump with strong euro against the dollar.
Published on Thu, Oct 11 2007, 14:50 GMT
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The oil quotes in dollars, a reason for the wars
Wed, Oct 10 2007, 07:06 GMT
by George Marshal
The U.S. is in a war with Iraq to prevent the oil trading not just the oil but also the trading of the oil with U.S. dollars not with euro. The crisis in Iraq and the continue violence is on the way the Bush administration to escape by the war as start new war with Iran. Just once the trading of the oil on the world markets start with euro this will be the end of the United States domination over the world. As European Union is going stronger and stronger for the United States will be hard to keep the leading position in the world. Therefore the using of the war is one of the last but very important chances for the United States and the dollar in the big game. Although the dollar weakness and the crisis in the U.S. mortgage sector the currency that will control the oil quotes and in this quotes we should add the Gold too will control the world. Here in World-Signals.com making the scenario that the new war with Iran is needed for the United States to keep the oil as dollar estimated product.
Published on Wed, Oct 10 2007, 07:06 GMT
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Finance Ministers should push ECB to intervention on the market
Sun, Oct 7 2007, 14:00 GMT
by George Marshal
Whether European Central Bank will start selling Euro to stop the fall of the dollar is the key news for the traders on Monday. In Luxemburg the finance ministers are meeting to discuss the weak dollar and the strong euro. If they decide to help to the dollar the ECB will start to sell euro in market intervention. World-Signals.com memory in the year of 2001 after such intervention when EURUSD was traded at 0.83 the euro recovery of about 500 pips just for an hour. Then the intervention was signal for the end of the strong dollar. If ECB and the ministers act tomorrow the dollar have to continue with the recovery by the last week.
Published on Sun, Oct 7 2007, 14:00 GMT
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Optimism pushes the dollar higher today
Wed, Oct 3 2007, 20:00 GMT
by George Marshal
Optimism among the traders follows after rumors that the crisis in the U.S. mortgage sector is in the deepest point and will follow recovery. The traders believe that G7 meeting will send positive signals for the dollar. At the same time the action of the Federal Reserve with the aggressive benchmark interest rates cut will start to affect over the U.S. housing market in near term. The Fed is on the way to cut again the interest rates this month. The EURUSD trading just fall below 1.4100 and are over 180 pips higher than the lowest trading point at 1.4281. At the moment the dollar follow the World-Signals.com forecast from yesterday with target trading level of 1.3840.
Published on Wed, Oct 3 2007, 20:00 GMT
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The EURUSD should recovery to 1.3840
Tue, Oct 2 2007, 19:46 GMT
by George Marshal
The dollar is on the way for correction against the euro after the cutting of many long positions this week. The fears by the high level of EURUSD are the reason for the dollar recovery. The recovery will continue in spite the bad economic release these days and the worse expectations for the world biggest economy. The recovery will continue, as the forecast is EURUSD to touch levels of 1.3840. The high Euro level will be negative for the Euro Zone if the trading at the levels above 1.40 continue for long time. The US economy is close to recession warning again the former Fed chairmen Greenspan as when he talks the true is such. The market but already generated most of the expecting recession and is the time to recovery.
Published on Tue, Oct 2 2007, 19:46 GMT
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Slowly but sure the dollar lose new pips
Thu, Sep 27 2007, 18:01 GMT
by George Marshal
Slowly but sure the dollar lose new pips against the euro. After the report for U.S. New Home Sales the rumors was confirmed that the crisis in the housing sector is deep. The forecast is for test of the levels of 1.42 tomorrow ahead the key reports for Personal Income and Spending. The forecast here in World-Signal.com is the crisis to continue till the end of 2007. The Fed will cut still once the interest rates. Even is possible new aggressive benchmark interest rates cut with half percent.
For the coming Asian session the forecast is EURUSD long @ 1.4135/45 target 1.4180 and recovery back to 1.4135 again.
Published on Thu, Sep 27 2007, 18:01 GMT
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World−Signals.com EURUSD trade signal for the coming 2−3 days
Mon, Sep 24 2007, 12:38 GMT
by George Marshal
The dollar is flat today ahead key economic week. The traders speculate with the expecting report for U.S. Consumer Confidence and Housing reports later this week. The expecting data is for new worse results that will add extra pressure to the dollar to test the levels of 1.4180/1.42. The World-Signals.com forecast is open long EURUSD position @ 1.4050/70 hold for 1.42. The key support level is at 1.4040 the break below will reverse the listed forecast with test below 1.40.
Published on Mon, Sep 24 2007, 12:38 GMT
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The week of the records
Thu, Sep 20 2007, 12:58 GMT
by George Marshal
This week is possible to call as the “Week of the records”. New records in the main crosses EURUSD, followed by new record with the gold spot trading and new Crude Oil record. The dollar is again the big loser on the markets. The other currencies remain stable compare with the dollar, which break above the psychological 1.40 level during the morning European session. It is expecting the reaction in the US session today but most of the analyzers predict new record low levels of the dollar. The dollar will remain weak while not one send signals to support the world most popular currency. If the Fed stays away in 2008 we predict to talk the euro as the most popular currency. The situation is so bad if there is not real action that EURUSD is on the way for 1.50 to the end of 2007.
Published on Thu, Sep 20 2007, 12:58 GMT
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After the Fed action the dollar is at new record low
Wed, Sep 19 2007, 16:15 GMT
by George Marshal
The Federal Reserve cutting of the key benchmark interest rates with half percent has to be helpful reaction to stop the slowing down U.S. economy. The act with quarter a percent would not help but a half percent is a good decision. At the moment the dollar is set at new pressure to the psychological EURUSD @ 1.40. But in World-Signals.com believe further dollar recovery after the Fed interest rates decision. Currently the record low level was set at 1.3988 touching three days during the U.S. and Asian sessions. The break above will follow 1.4025/30. The short-term forecast is EURUSD @ 1.3830/70.
Published on Wed, Sep 19 2007, 16:15 GMT
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The British pound lose 150 pips for a day against the dollar
Mon, Sep 17 2007, 16:44 GMT
by George Marshal
The crisis with the fifth largest mortgage lender in the U.K. “Northern Rock” shows the tendency in the pound trading. Most of the investors run away by the British pound as consider that the crisis will spread over the other banks and the whole banking and mortgage sector. The pound lose more than 150 pips for the first business day by this week. The pound is in losing trading already for third day. For this period the pound lose about 400 pips against the dollar. The forecast is for continue losses as the forecast is for levels down to 1.97 and 1.9650 where is forming key support level.
Published on Mon, Sep 17 2007, 16:44 GMT
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U.S. economy and the Fed interest rates politic
Sat, Sep 15 2007, 18:58 GMT
by George Marshal
The fears for the US housing slumps spread over the rest U.S. economy sectors were proofed yesterday by the release of Retail Sales report. The traders prefer to avoid the dollar positions ahead the Fed interest rates decision on Tuesday. The traders expect at least a quarter-percentage point cut. The dollar also closed for second week into negative territory against the euro. If the Fed cut the interest rates with 0.25% they will be ready for new rate cut on the next meeting or to the end of 2007 if necessary. The forecast is for continuing of the speculations about the Fed interest rates politic and the effect of the U.S. housing slumps to the other economic sectors.
Published on Sat, Sep 15 2007, 18:58 GMT
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Is the dollar starts to recovery after the new record of 1.3928?
Thu, Sep 13 2007, 10:50 GMT
by George Marshal
After the new record of EURUSD today at 1.3928 during the morning European session the dollar is on the way to make recovery against the Euro and Swiss Franc. The most of the technical indicators are into signal of opening short position. The market already generated most of the negative influence over the U.S. economy by the slowing growth and the negative reports by U.S. jobs sector and interest rates cut. At the same at these record low dollar levels many traders prefer buying cheep dollars and to sell after the FOMC meeting when the effect by the cutting interest rates will start to feel on the market and on the mortgage sector.
Published on Thu, Sep 13 2007, 10:50 GMT
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No one help to the dollar. New record EURUSD low level
Wed, Sep 12 2007, 11:20 GMT
by George Marshal
Second successful tests of EURUSD record level during the afternoon European session. The dollar is in critical situation after the not adequate measurements of the Fed to help to the U.S. economy. The dollar is on the way to move above 1.39 and very fast should crash into the psychological 1.40 level. In a day without key U.S. economic reports the speculations move the all resources against the dollar. ECB burn the fire as continue to support the strong euro. The high euro will make some problems next year in some of the Euro Zones. Currently the dollar is set at 1.3887 the second day record low level and continues to fall.
Published on Wed, Sep 12 2007, 11:20 GMT
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The dollar is with new record low level against the euro today
Wed, Sep 12 2007, 08:37 GMT
by George Marshal
The traders are very nervous today in expectations for new Fed signals what will happens with the U.S. Interest rates politic. The traders are not confident by the Fed action with the help of the losing power world biggest economy. At the same time the ECB is on the way to raise the interest rates with quarter a percent. The traders attacked the record high level of 1.3851 today ahead the opening of European session and the trading level set new record at 1.3882. Currently the euro take a step back but is on the way for 1.40 attack this week.
Published on Wed, Sep 12 2007, 08:37 GMT
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Fed rate cut should move the euro/dollar above 1.3850
Tue, Sep 11 2007, 20:32 GMT
by George Marshal
The dollar stay at record low level versus the euro on rate cut expectation. The forecast is Fed to cut the benchmark interest rates with half percent to 4.75% to stimulate the losing power U.S. economy. At the same time the Fed will help to the crisis in the mortgage sector.
The World-Signals trading forecast is open long EURUSD in break above 1.3850 hold short if not break above this level. Be ready for rally to 1.39 in successful break above 1.3850.
Published on Tue, Sep 11 2007, 20:32 GMT
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Test of 1.3850 of EURUSD is on the daily order
Mon, Sep 10 2007, 12:53 GMT
by George Marshal
The dollar is set on heavy attacks across the board after the Friday report with US jobs market. Slowly the dollar fell above 1.38 against the euro. The first serious resistance is forming at the record low level of 1.3851. Most of the traders will use this level to sell EURUSD but if the reports and speculations continue into the negative effect over the dollar the test of 1.3851 is expecting as successful.
The World-Signals forecast for today is opening long positions with fast exit at the levels below 1.3850.
Published on Mon, Sep 10 2007, 12:53 GMT
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Fed rate cut is necessary after US non−farm payrolls report
Sat, Sep 8 2007, 11:01 GMT
by George Marshal
The dollar collapse against the major currencies after the US non-farm payrolls report. The data was the first drop of new jobs in four years. This report push the most of the traders to predict Fed interest rates cut on September 18th with quarter a percent to 5.00%. The Fed action is necessary to stimulate the economy again and at the same time to overtake the crisis in the US mortgage sector. The dollar is in serious pressure attacks by the traders. But the Fed reaction with interest rates cut is a step in the positive side that will help to the crisis’s sectors of the world biggest economy.
Published on Sat, Sep 8 2007, 11:01 GMT
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Dynamic US morning session is expecting
Tue, Sep 4 2007, 10:37 GMT
by George Marshal
After the US market holiday on Monday the restart in the USA trading today is expecting with bog interest by the traders. The forecast for dynamic will be confirmed by the release of ISM Index report and Construction Spending at 10 AM. The reports have to send some signals about the interest rates politic. There is not clear view what will do the Fed with the interest rates as some traders predict rate cut to 5.00% or hold at the current level at least to the end of 2007.
The dollar started the afternoon European session with recovery against the euro and cable but will be necessary new confirmation to continue taking advantage against the rest currencies.
Published on Tue, Sep 4 2007, 10:37 GMT
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Bernanke is the reason for the low dollar today
Fri, Aug 31 2007, 07:05 GMT
by George Marshal
The dollar was set at new cycle of pressure after Ben Bernanke speech on housing and monetary policy. The top economist is not cared about the low dollar and the actions about the U.S. economy seem not suitable for the low dollar. The forecast for the end of week trading is new low dollar levels against the euro. Test of the levels 1.37 and above are expecting. The forecast today:
Open long EURUSD @ 1.3630/45 Target @ 1.3745.
Published on Fri, Aug 31 2007, 07:05 GMT
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Whether the Fed rate cut will be effective?
Sun, Aug 26 2007, 18:24 GMT
by George Marshal
The interest rates politic are the moving factor for the forex market for most of the traders. This is one of the most important factors for the world exchange crosses. During the whole 2007 till now the Fed keep the interest rates unchanged and followed many speculations what will do the Fed with the interest rates. At the last few weeks’ starts to talk that Fed will fast to cut the interest rates to help to US mortgage sector. Whether it will be a positive news for the dollar or not? Its means how effective will be the rate cut and the affect over the US economy and mortgage sector. The rate cut of 0.5% this year and new 0.5% at the beginning of 2008 will be a good step to stimulate the housing sector and the dollar will up. Otherwise the situation for the dollar remains dark with forecast against the euro of 1.40 and above 2.08 against the pound.
Published on Sun, Aug 26 2007, 18:24 GMT
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New bad news for the dollar set above 1.36 today
Fri, Aug 24 2007, 11:41 GMT
by George Marshal
The dollar was set on pressure again. The ECB signals for expecting new interest rates hike followed by the serious rumors for Fed rate cut on the next meeting are one of the reasons for the weak dollar. On the other side some economists predict that the US economy come into recession and the traders fast to sell the bought dollars after Fed injection in the market. It is expecting new signals for the mortgage sector today with the report of new home sales for July. The dollar felled above 1.36 for euro today and very fast will climb the chart to the record high levels of 1.3850.
Published on Fri, Aug 24 2007, 11:41 GMT
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The Fed is preparing for interest rates cut
Mon, Aug 20 2007, 14:29 GMT
by George Marshal
Bernanke admit for his mistake in the policy politic how he is on the top economist post. His speeches give new signals that the Fed will try to repair the situation in the US mortgage sector. The Fed will probably cut the interest rates with at least 25 bps to September to stimulate the housing sector and the economic growth. At the same time the inflation remains the biggest problem for the Fed and the interest rates politic. It seems if the inflation is under control the Fed will cut the interest rates with 25 bps to 75 bps to the end of 2007.
Published on Mon, Aug 20 2007, 14:29 GMT
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The most winning dollar week is on time
Wed, Aug 15 2007, 19:11 GMT
by George Marshal
The intervention on the market of fresh money was a good decision to stop the falling dollar. If the Fed and the rest bank were not interested by the situation in the world economy and the dollar situation the dollar already would break the level of 1.40 EURUSD. At the moment the situation is good for the dollar and the downtrend will continue as are expecting levels of 1.3250/1.33. This week seems that will be the most profitable week for the dollar since much time.
Still is early to predict whether the dollar recovery is solid and returning trade at the level of EURUSD above 1.38 are also expecting if the Fed forget about the major world currency.
Published on Wed, Aug 15 2007, 19:11 GMT
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Forex Many players are ready to sell dollars again
Mon, Aug 13 2007, 13:17 GMT
by George Marshal
The China is a responsible forex player on the world market. One of the most important forex player in the world, control the forex market with his huge forex reserves especially in dollars. Due too the crisis in the US mortgage sector the top three world banks, the Federal Reserve, ECB and BoE invest into the market fresh cash money. It is necessary fast reaction to hold the balloon that explosion will cause serious problems in the world economy. The dollar on the market temporary ups against the Euro, Pound and Swiss franc. But most of the players are ready to sell dollars again in expectations for new record low dollar levels.
Published on Mon, Aug 13 2007, 13:17 GMT
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Black horizons for the dollar
Thu, Aug 9 2007, 07:23 GMT
by George Marshal
China should crash the dollar although that the dollar is at multi level low. If the crisis between the US and China continue the Chinese should start selling the US Treasuries that will move the dollar at so low levels like EURUSD 1.45. At the same time the GBPUSD should down to 2.20. The US economy is at delicate situation when most of the economic sectors will start to suffer by the high interest rates. But in this moment the inflation is too high to allow to the Fed to cut the interest rates from the current level of 5.25%. In spite the some dollar recovery moments the forecasts of World-Signals.com for the trading till the end of 2007 are for new record low dollar levels against the euro and pound.
Published on Thu, Aug 9 2007, 07:23 GMT
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Fears for Fed rate cut push the dollar above 1.38 again
Sun, Aug 5 2007, 20:15 GMT
by George Marshal
The dollar lose on the market on Friday due too fears that the Fed will cut the interest rates at the end of the year to stimulate the economy. The US economy suffers in different sectors like the housing market the mortgage sector and that should spread over the rest economic sectors. But at the same time the inflation is the other factor that will stop the Fed by fast rate cut. The high oil prices will open the inflation this year.
On the market the dollar will continue to suffer. The investors start buying euros and other currencies against the dollar in expectation for levels of 1.40 for EURUSD and 2.08 for GBPUSD.
Published on Sun, Aug 5 2007, 20:15 GMT
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ECB leave interest rates at 4.00%. Will rise twice to the end of 2007
Thu, Aug 2 2007, 11:54 GMT
by George Marshal
The European Central Bank left its benchmark interest rate at 4.00%. This is a 6-years high after all 8-interest rates raise since 2005. The decision was widely expecting. ECB signal that new interest rates raise will follow in September 2007. The new interest rates raise will be needed due too the high inflation. If the oil prices continue to up and at the same time the dollar recovery against the major currencies the inflation in the Euro Zone will up very strong that will be necessary at least two interest rates raises to the end of 2007.
Published on Thu, Aug 2 2007, 11:54 GMT
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New signals for spill over the housing slumps
Mon, Jul 30 2007, 06:25 GMT
by George Marshal
The dollar advanced against the euro during the last few days from the record low level of $1.3852. The investors avoid riskier assets and repatriate dollars. There are signals for spill over the housing slumps. With the start of the new month the investors will continue expecting new signals for the US mortgage situation and the most important employment sector. It is expecting the US economy to add less new jobs compare with the prior month. The trading will break below 1.36 level but some of the traders will try to buy euros for dollars expecting new record high euro/dollar levels.
Published on Mon, Jul 30 2007, 06:25 GMT
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US economic growth pushed the oil prices up.
Sun, Jul 29 2007, 12:52 GMT
by George Marshal
The Crude oil jump and close on Friday in New York @ $77.01 after the report that shows US economy growth is more than expected. The expanding economy will mean fuel demand rise. At the same time the OPEC have not act with the needed raise of the oil production compare with the oil demand. On the other sector the crisis in Iran continue to support high oil prices. For the high oil prices is also conduce to speculations forecasting trading levels close to $95-$100 at the end of 2007. The high oil prices will push the inflation everywhere that will cause new interest rates raises worldwide.
Published on Sun, Jul 29 2007, 12:52 GMT
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The Crude Oil rose with 4.7% for 8−hours
Thu, Jul 26 2007, 07:20 GMT
by George Marshal
The Crude Oil rose fast after the recovery by Monday and Tuesday this week. The Sweet Crude Oil Future for September recovered to levels of $72.88 while just for 8-hours up to $76.33. The raise of the Crude Oil is with 4.7% and is highest jump for the last few months. The Crude Oil is close to the record from the mid of July 2006 at $78.09. Most of the analyzers predict levels of $95.00 this year and test of the psychological level of $100 for the Brent. The expanding of the world economy and needed by more Crude Oil will cause serious problems of all sectors of the world economy. The raising prices of the Crude will push the inflation in all countries that will cool the economy and growth. At the same time the dollar up with over 100 pips against the euro that helped for the so huge Crude Oil raise yesterday.
Published on Thu, Jul 26 2007, 07:20 GMT
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New record EURUSD level. Forecast for the next 36−hours.
Tue, Jul 24 2007, 14:06 GMT
by George Marshal
Again the dollar fell to a new record low level against the euro at 1.3851. The trader’s worries for US subprime mortgage dominant on the forex market. The traders still worries about the situation in the US housing sector that will cause negative results for the rest sectors of the world biggest economy. During the last 2-weeks the dollar weakness was at slow speed against the euro when the dollar fell above 1.37. In the coming days the traders continue to expect new low dollar levels. Most of the traders sell dollars across the board in expectations for new record levels during August 2007.
World-Signals.com forecast for the coming 36-hours. The dollar will continue to suffer worldwide mainly during the euro. Many traders will prefer to open long @ 1.3780 with target 1.3890 and 1.39945 to the end of the business week.
Published on Tue, Jul 24 2007, 14:06 GMT
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When the dollar will start to recovery?
Mon, Jul 23 2007, 10:45 GMT
by George Marshal
In an absent of economic data the dollar slowly recovery against the euro during the morning European session. Most of the traders are doubt about the dollar power and will prefer to sell dollars again. The situation in the US housing sector is using by the investors to explain the very weak dollar. As overall the whole economic situation in the US is not so bad. But at the same time the situation in the European economy is in excellent condition. Therefore the dollar is set under pressure across the board.
The dollar will remain weak because the traders will continue to speculate. The whole summer is poor for the US economy and the dollar as usual is weak. Eventually dollar recovery we expect to see far at the beginning of the autumn.
Published on Mon, Jul 23 2007, 10:45 GMT
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Trading signals for EURUSD for the week 23−27 July 2007
Sun, Jul 22 2007, 11:30 GMT
by George Marshal
The EURUSD trading signal for the coming business week is open long @ 1.3780 target 1.3935 reverse below 1.3755.
The level of 1.3755 is key support level. The break below opens the neutral trade that will signal for levels of 1.3690.
Key factors moving the EURUSD trading in the coming 5-business days:
- US Interest rates speculations
- US housing sector data release
- The speculation about US inflation after the close Crude oil prices to the record high levels.
- Germany IFO data
- ECB interest rates speculations.
Published on Sun, Jul 22 2007, 11:30 GMT
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UK economy growth continues to accelerate
Fri, Jul 20 2007, 11:04 GMT
by George Marshal
The UK economic growth accelerated quicker than expecting. Still the UK economy is in very good progress and the high interest rates could not cool the economy. After the report and following the high inflation worldwide the Bank of England is ready for new interest rates raise to 6.00%. In the last few weeks the pound up to e 27-years record high against the dollar and all signals continue to support the raising of the pound.
All these factors compare with the bad situation in the US housing sector and the pressure for the dollar the pound became the most profitable currency by the last few months. The UK economy accelerated too fast and all factors continue to support the British pound.
Published on Fri, Jul 20 2007, 11:04 GMT
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New dollar records day after day
Thu, Jul 19 2007, 12:50 GMT
by George Marshal
The dollar trading is close to the record low against the euro set today few hours ago at 1.3832. The expectations are for new record levels today. The trader’s fears about the cut of Fed interest rates set the dollar under pressure worldwide. At the moment most of the traders believe that Fed will cut the interest rates with quarter a percent in the coming 1-3 months time. We at World-Signals.com support the idea that the already almost record high oil prices will push new inflation pressure that will not allow to the Fed to the cut the interest rates. But the speculations when will be able Fed to the cut the interest rates will set the dollar above 1.40 in the coming weeks.
Published on Thu, Jul 19 2007, 12:50 GMT
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The GBP set new record high levels
Tue, Jul 17 2007, 10:09 GMT
by George Marshal
The GBP continue to gain against the euro as set new record above 2.0440 now. The speculations for positive news for the UK economy and continue raise of the interest rates push the pound to a 27-years record. The pound will continue with the gains because the dollar is very low and the traders prefer to bet on sure currencies like the pound. The world-signals.com signal for today is opening long with target close to 2.05 level even and above.
Published on Tue, Jul 17 2007, 10:09 GMT
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There are positive signals for the dollar after few months
Fri, Jul 13 2007, 10:27 GMT
by George Marshal
The dollar continues to suffer worldwide after the rumors for the interest rate differential closing between the Europe and US. The latest signals show new quarter of percent rate raise in Europe while the Federal Reserve will hold the interest rates unchanged or even will cut the rates. The chances for dollar recovery in the coming weeks are minimal. The traders are ready to test EURUSD level of 1.40. But in the coming months the dollar have good perspective. The record high oil prices will push the US inflation that will send positive signals to the investors the US economy will start to raise again and the most suffering housing sector will start to expend in spite the high interest rates that even should raise at the end of 2007, beginning of 2008.
Published on Fri, Jul 13 2007, 10:27 GMT
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The markets await Bernanke comments today
Tue, Jul 10 2007, 07:11 GMT
by George Marshal
The markets await new evidences for the world biggest economy and the interest rates politic. The Bernanke speech later today will focus over the US inflation and the interest rates politic. After the end of the speculations that Fed will cut the interest rates follow new rumors that Fed will hold the rates at 5.25% while the other central banks will raise the rates during 2007. After the latest speculations the dollar temporary ups versus the euro but back at the levels above 1.36. Later today after the Bernanke comments are expecting movements as if the news are worse for the dollar the test of 1.3689 should happen today.
Published on Tue, Jul 10 2007, 07:11 GMT
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The yen will continue to fall against the dollar and euro
Sat, Jul 7 2007, 07:12 GMT
by George Marshal
Like the forecast of World-Signals.com the yen continue weakness after the recovery to the level of 122.12. The Friday’s economy data support the dollar against the yen. Most of the investors open long positions in expectations for new record low levels above 124.15 a record high since June 22nd. We at World-Signals are opening long positions. The forecast was based on fundamental reports and interest rates speculations that will push the yen down to new record low levels against the dollar and euro at the same time. Analyzing the technical indicators is expecting some downward corrections that will open best chances for opening new long positions.
Published on Sat, Jul 7 2007, 07:12 GMT
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BoE is preparing for rate raise today
Thu, Jul 5 2007, 09:50 GMT
by George Marshal
The Bank of England will raise the interest rates with a quarter to 5.75% if happen the latest forecasts. The pound up to a 27-years low level when stay clears that BoE preparing for new rates rise. The market already generates the expecting rate raise but will wait and speculate for the next BoE action. The interest rates in UK are too high and may be this level will be the top. The key resistance level was set at 2.0205. After the BoE action today if the cable break above 2.0205 will follow the new target at 2.0330.
Published on Thu, Jul 5 2007, 09:50 GMT
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Heavy speculations push the dollar weak
Mon, Jul 2 2007, 14:17 GMT
by George Marshal
Today on the forex market is one of the most speculative day for the last couple of months. The Euro was higher across the board due too continue speculations about the interest rates politic. At the same time the speculations continue to push the yen high, as Bank of Japan will raise the interest rates within the coming 3-months with a quarter of percent. At the same time the release of US Institute for Supply Management's factory index rose to a 14-months high at 56.0 does not help to the dollar. The speculations continue and the dollar is set on serious attack by the trader’s speculations.
Published on Mon, Jul 2 2007, 14:17 GMT
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The Fed will keep the rates at 5.25% today
Thu, Jun 28 2007, 11:23 GMT
by George Marshal
A couple of key news moving the forex market today. The most important news is the expecting Fed interest rates to keep at 5.25% later today. The Fed chairmen Ben Bernanke, close monitor the US growth, very important factor for the interest rates. Today is expecting the gross domestic product for the first quarter to up with 0.2% considering the prior estimate. The analysis and economist are in consensus for the Fed action today to keep the rates unchanged at 5.25% a level for already a year. Some economist predicts that Fed will keep the interest rates on hold to the end of 2008. It is too much time while is almost sure that to the end of 2007 the Fed will hold the rates or will cut once.
Published on Thu, Jun 28 2007, 11:23 GMT
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US Durable Orders fell much more than the forecast
Wed, Jun 27 2007, 13:53 GMT
by George Marshal
The dollar ups during the European session against the euro today. After that the US Durable orders for May fell to 2.8% much lower than the forecast. Currently the dollar ups was stop at 1.3414 where the traders prefer to open long positions day ahead FOMC meeting decision. The US Durable Orders send bad signals for the US economy and the dollar was set on pressure again. The traders who are believe that Fed will keep the interest rates unchanged raising and that still keep the dollar otherwise the dollar will fall above 1.35.
Published on Wed, Jun 27 2007, 13:53 GMT
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About the Fed interest rates politic in 2007
Mon, Jun 25 2007, 13:15 GMT
by George Marshal
Like the normal for Monday the trading on the market is mixed. The traders expect new evidences for the situation in the US economy. Still the signals are not clear what will do the Fed with the interest rates during 2007. The half of the year is over as the speculations for Fed rate cut started at the end of 2006. The worst scenarios forecasted Fed rate cut with 0.5% to the mid of 2007. The most optimistic forecast ups with 0.25%. For the moment the most realistic scenario for 2007 is the Fed to cut with 25 bps to 5.00% or to keep the interest rates unchanged. The decision will come by two main factors. The first is the US housing sector reports and the second US inflation. The first factor is present this week with Existing home sales and New home sales.
Published on Mon, Jun 25 2007, 13:15 GMT
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BoJ will intervention on the market at the levels above 126.50
Sat, Jun 23 2007, 14:28 GMT
by George Marshal
The big loser on the market by the last two weeks is the yen. The yen fell against the euro to a new record levels. At the same time the dollar up versus the yen to record high level since the beginning of December 2002. After the two time rate hike to 0.5% the most of the traders believe that the rate hike was faster than the necessary and in near future Bank of Japan would not hike the rates again. We at World-Signals.com expect when the yen fall to the levels of 126.50/127.50 Bank of Japan to start intervention on the market. Our forecast is: Bank of Japan will act alone and would not be supported by other banks. If the current market situation with the Japan economy and the investor’s expectations are not changed the yen will continue to fall to the psychological level of 130.00.
Published on Sat, Jun 23 2007, 14:28 GMT
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Speculations move ECB interest rates hike move the dollar down
Sat, Jun 23 2007, 07:17 GMT
by George Marshal
The dollar loses on the market on Friday after the speculations for increase of European borrowing costs and the high oil prices. The dollar was set on pressure and the interest rates differential will low too fast if ECB raise the interest rates and at the same time the Fed cut the rates. The dollar lose about 90 pips against the euro on Friday breaking some key resistances and if the speculations continue for ECB rate hike while Fed should cut their interest rates the dollar will down to 1.36. At the same time the dollar lose about 130 pips against the Swiss franc.
Published on Sat, Jun 23 2007, 07:17 GMT
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US Initial claims up with 13K by prior week
Thu, Jun 21 2007, 12:56 GMT
by George Marshal
The dollar loses temporary 25 pips against the euro after the release of US initial claims for the last week. The initial claims report was 324K up with 14K by the forecasts. But the initial claims change is not in wide range by the normal situation by the last couple of months. The effect over the dollar will be temporary. World-Signals.com expect to see continue of the dollar recovery. The recovery will be very slow and the traders at the moment trade according to the new situation with the technical analysis. There the stochastic indicators show long signals for EURUSD. This will back the trading at the levels above 1.34 again.
Published on Thu, Jun 21 2007, 12:56 GMT
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The yen is forming strong resistance at 123.75
Thu, Jun 21 2007, 10:17 GMT
by George Marshal
The yen remain firm against the dollar. In spite the latest speculations that Bank of Japan will hold the interest rates unchanged for longer time and the some positive signals for the US economy the yen is firm. The current key resistance is forming at 123.75. The break above is less expecting by the investors. This will cause recovery of the yen in the coming few days. If new events and news push the break above 123.75 the yen will fall to the levels of 125 very fast.
The World-Signals.com forecast for today is to open short positions selling close by the resistance level or buy on break above 123.75.
Published on Thu, Jun 21 2007, 10:17 GMT
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Not clear signals for the Fed after the US housing sector report
Tue, Jun 19 2007, 17:35 GMT
by George Marshal
After the release of US housing data today the traders does not receive clear signal what will do the Fed with the interest rates politic in 2007. The building permits for May up with 44K and with 31K up by the forecast. The news is positive and some investors believe that the US housing sector will going stronger and the bottom is reached. The dollar lose about 20 pips after the news but still the investors will wait to see more evidence for the economy and what Fed will do with the interest rates.
Published on Tue, Jun 19 2007, 17:35 GMT
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After bad US data the GBPUSD will move up
Mon, Jun 18 2007, 13:01 GMT
by George Marshal
The cable moves again up versus the dollar after the Friday morning in the USA. The trader’s bets to Fed rate cut in the coming 3 months with 25 bps to 5.00%. The situation in the world biggest economy after the serial of good fundamental release is in consolidation for the negative release. The first was low US inflation that will allow to the Fed to cut the interest rates together with worse Michigan Sentiment and fears for very poor US housing sector. At the same time the UK hold the interest rates at 5.5% the highest level among the major currencies.
Published on Mon, Jun 18 2007, 13:01 GMT
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The dollar will lose in the coming week
Sat, Jun 16 2007, 20:24 GMT
by George Marshal
The dollar was set on pressure after Friday reports. The investors expect after the latest fundamental release the Federal Reserve to cut the interest rates with 25 bps to 5.00%. If the rumors for the expecting rate cut are confirm by the coming economic reports the dollar will lose the gains by the last month and will back at the levels of 1.36 trading with the Euro. It is necessary fast reaction by the Federal Reserve to support the dollar otherwise the difficult made gains will be losing by very short time.
Published on Sat, Jun 16 2007, 20:24 GMT
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Low core inflation will give to the Fed signal for rate cut.
Fri, Jun 15 2007, 12:57 GMT
by George Marshal
The inflation in the US is not enough for the investors to believe that Fed will keep the interest rates unchanged. The core inflation rose just 0.1% as the forecast was for 0.2%. That push most of the traders to believe that Fed will cut the interest rates with quarter point during the coming few months. The overall inflation ups to 0.7% forecasting for 0.6%.
In the first 20-minutues after the report release the dollar lose about 25 pips against the euro but remain firm versus the yen. After the CPI releases the speculations what will do the Fed with the interest rates for 2007 would be more actual. World-signals.com expects strong speculations in the coming couple of days.
Published on Fri, Jun 15 2007, 12:57 GMT
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The EURUSD is in consolidation ahead key economic report
Thu, Jun 14 2007, 10:09 GMT
by George Marshal
In low volumes the traders waiting for the coming important US inflation report on Friday. The market is in consolidation at the levels of 1.3300. The World-Signals.com forecast for today is trading into 25/40 pips range. Currently the key support is @ 1.3262. The break below will be testing in the coming 24-hours till the inflation report on Friday. The traders widely expecting signals for the Fed interest rate politic. If the tendency is for unchanging interest rates for 2007 the dollar recovery will continue with movement down below the psychological level of 1.30.
Published on Thu, Jun 14 2007, 10:09 GMT
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How strong are the recent dollar gains?
Tue, Jun 12 2007, 20:22 GMT
by George Marshal
Tomorrow (Wednesday) is the most important Fed’s Beige Book and on Friday are expecting US inflation data. These events are very important for the traders. Eventually high US inflation will mean Fed to keep the interest rates unchanged. In this case the dollar will continue to gain versus the euro and Swiss franc. But let’s not forget that the recent dollar gains were based just on these expectations, so the market already generates most of the expectations.
The dollar is still too weak to make strong gains like the strong losses versus the major currencies by March-April 2007. It is necessary break below the psychological level of 1.3000 for EURUSD and then to follow the dollar recovery down to the key levels of 1.2865.
Published on Tue, Jun 12 2007, 20:22 GMT
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US inflation speculations support the dollar
Mon, Jun 11 2007, 10:44 GMT
by George Marshal
The traders speculate with the expecting US inflation report later this week. The even is very important for confirmation what Fed will do with the interest rates politic. The traders turn their expectations for keeping of the interest rates unchanged while the US inflation is high and the economy going well. Still the big problem for the US growth is the housing sector. But the high interest rates cause many of the Americans to avoid to buy new homes with such high interest rates.
The dollar will continue with the recovery in the coming 48-hours, as first is necessary break below the key support level of 1.3320.
Published on Mon, Jun 11 2007, 10:44 GMT
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Surprising good is the US Trade deficit
Fri, Jun 8 2007, 12:36 GMT
by George Marshal
Just was released the excellent data for the US Trade Balance for April. With a forecast of -$63.5B, the US Trade deficit for April was -$58.5B. This is much better than any expectations. For the prior month the result was -$63.9B. The deficit in the US falls after the big mainly military expenses from the last couple of months with the war in Iraq. Also the trading with China set the big US trade deficit in the months before.
Published on Fri, Jun 8 2007, 12:36 GMT
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ECB forecast higher inflation in E−13
Thu, Jun 7 2007, 13:54 GMT
by George Marshal
After the emotions by ECB interest rates hike and the comments of Trichet that in the 13-nations using the single European currency the inflation will be 2.0%. The forecast for 2.0% was up from the prior forecast for 1.8%. Also ECB set as forecast for E-13 inflation for 2008 of 2.0% also.
On the market today the dollar ups versus the euro with about 50 pips following the comments from yesterday. Also the US initial claims were again strong and good for the US Unemployment sector.
The speculations for Friday’s key US Trade Balance data started. The expectations are for minimal changes from the prior month. For the investors the US Trade Balance data is not an important factor for the moment. The US interest rates politic and the ECB politic are the top events.
Published on Thu, Jun 7 2007, 13:54 GMT
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ECB interest rates politic in focus
Wed, Jun 6 2007, 09:28 GMT
by George Marshal
The most important event for the traders today is the widely expecting raises of the interest rates in the euro zone with 25 bps up to 4.00%. The decision of European Central Bank will be released at 7:45 AM today. The trading today remains flat in expectations for ECB. The traders will focus not to the current event that is expecting and the market generated the expecting interest rate raise. The traders focus over the ECB coming expectations and whether should expect new interest rates rise to the end of 2007. If there is such possibility the dollar will fall versus the euro again otherwise the dollar will start to recovery the losses after Bernanke comments yesterday.
Published on Wed, Jun 6 2007, 09:28 GMT
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The dollar suffers ahead ECB
Tue, Jun 5 2007, 08:09 GMT
by George Marshal
Speculations with the European Central Bank interest rates hike moves the dollar down today. The traders expect the interest rates level at 4.00% after tomorrow meeting but also the traders speculate that ECB will make still one rate hike to the end of 2007. The dollar falls to level of 1.3513. The world-signals.com forecast is the pick of the dollar fall versus the euro to be tomorrow ahead and after the ECB meeting. The traders speculate also with the economic situation in the U.S. and especially the inflation release schedule for next week.
Published on Tue, Jun 5 2007, 08:09 GMT
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No new report available until June 10th 2007
Wed, May 30 2007, 12:24 GMT
by George Marshal
No new report available until June 10th 2007
No new report available until June 10th 2007
Published on Wed, May 30 2007, 12:24 GMT
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Better than expected US Consumer Confidence after today's speculations
Tue, May 29 2007, 14:59 GMT
by George Marshal
After massive speculations this morning during the European session the dollar starts to recovery after the better than expected US Consumer Confidence data. The US consumer confidence for May was 108.0 compare with the result for the prior month of 104.0 and forecast of 104.5. The news for the dollars are positive but many traders still prefer to speculate with the expectations for negatives US data. Also the trader’s worry about the Fed interest rates action. The speculations push the rumors for Fed rate cut soon. The world-signals.com forecast this week is for positive US data and if the speculations absent the dollar recovery will continue.
Published on Tue, May 29 2007, 14:59 GMT
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Fears for negative US economy situation move the dollar down
Tue, May 29 2007, 10:34 GMT
by George Marshal
The dollar current downward trend was broken today. The traders start a profit taken by the recent short positions. The dollar loses about 70 pips against the euro during the European session. The fears for negative economic situation in the world biggest economy push most of the traders to close their short dollar positions. The break above 1.35 and holding at these levels for more than few hours will signal for the end of dollar recovery. Till the end of the weekend the speculations and fears for the economic release will dominant on the market.
Published on Tue, May 29 2007, 10:34 GMT
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Technical trading during the markets holiday
Mon, May 28 2007, 10:47 GMT
by George Marshal
The major world markets today are closed. The market is flat and in low volumes. The traders will wait at the end of the week when are the major economic events. For today the cable move down about 20 pips versus the dollar. Also the dollar is recovering against the Swiss franc. For today’s traders we advice trading into 15/25 pips range. Hold positions by the prior week waiting for the coming fundamental release.
The trading today is dominate by the technical analysis in a absent of any economic news for the day.
Published on Mon, May 28 2007, 10:47 GMT
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The dollar gains for 4 consecutive weeks against the euro
Sat, May 26 2007, 13:06 GMT
by George Marshal
For 4 consecutive weeks the dollar ups against the euro after 6 losing weeks. The dollar gains 83 pips during the last week and all 239 pips from the record high level of 1.3681. During the last week the dollar recovery was not so big and the power of the dollar recovery is in process to weak. Still the traders speculate with the Fed interest rates politic and the growth of the US economy.
The coming week will offer a large number of economic events that will be key for the further dollar trend. If the dollar gain this week the recovery of the dollar will be stable in the coming few months.
Published on Sat, May 26 2007, 13:06 GMT
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Mix picture after the latest economic data
Thu, May 24 2007, 13:21 GMT
by George Marshal
The traders are not active today. Most of the traders expected today some significant information by the release of US initial claims and durable orders. The data does not provide any conclusions what will be the Fed action and when will cut the interest rates. After 25 minutes are expect the new home sales for April. The forecast is for 860 000 houses compare with 858 000 for the prior month.
On the forex market the key support for the dollar is at 1.3415 and the break below will follow the test of the levels of 1.3355. Still the technical trading dominates this week.
Published on Thu, May 24 2007, 13:21 GMT
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The US economy slow down does not mean low inflation
Wed, May 23 2007, 13:16 GMT
by George Marshal
Today’s trading on the forex market is based mainly on the technical analysis in an absent of new economic data for the U.S. The traders speculate for the situation in the world’s biggest economy and when Fed will cut the interest rates. The slow down in the US economy would not mean decrease of the inflation. The situation in the labor market is excellent and that should power up the inflation. Therefore the rate cut is not a good scenario.
After fast dollar recovery to 1.3415 follow movement into upward to 1.3501. The investors still don’t trust to the dollar and is necessary new confirmations for the dollar recovery to turn the most of the orders into short positions.
Published on Wed, May 23 2007, 13:16 GMT
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Free EURUSD signal by World−Signals.com for May 22nd
Tue, May 22 2007, 09:30 GMT
by George Marshal
The investors turn their strategies and starting to bet to the dollar. After 3 consecutive weeks of dollar gains versus the euro and the signals for delay with Fed interest rates cut the dollar losses. For the last 3-weeks the dollar ups about 220 pips versus the euro. The World-signals.com forecast is continuing of the dollar recovery in the coming days.
World-Signals.com offer you free signal for today:
Open short EURUSD @ 1.3470/90 with exit target @ 1.3420/35. Break above 1.3490 reverse the forecast.Published on Tue, May 22 2007, 09:30 GMT
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EURUSD 1.3681 will be the top level for 2007
Mon, May 21 2007, 13:11 GMT
by George Marshal
The dollar up versus the euro after speculations that the widely expecting ECB rate hike is already calculated in the EURUSD exchange rate. The latest analysis shows that the record high level of EURUSD of 1.3681 is the top and the break above will be impossible. Later if there are some new significant reasons is possible break above otherwise the dollar starts with the recovery. The break below the last support at 1.3461 was strong signal to the investors to close their euro positions and turn the dollar investments as positive.
Published on Mon, May 21 2007, 13:11 GMT
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The dollar gained versus the euro for third consecutive week
Sat, May 19 2007, 20:18 GMT
by George Marshal
The dollar ups versus the euro for third consecutive week after serial of six losing weeks. The dollar up just 35 pips during the last week and the recovery for the coming week is not sure. The absent of key US data will burn the new speculations for the expecting rate cut. Most of the traders will try to open new positions expecting new low dollar levels. The technical analysis shows dollar recovery in the coming weeks. If the dollar starting with new gains on Monday the whole week will be positive for the dollar. Otherwise the expectations are for fast euro jump versus the dollar to levels of 1.3630.
Published on Sat, May 19 2007, 20:18 GMT
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World−Signals.com free EURUSD signal for May 18th
Fri, May 18 2007, 07:21 GMT
by George Marshal
Very strong resistance of EURUSD was forming at the level of 1.3460. The break below will be strong signal for the traders for opening short positions. For the moment this week is the third consecutive week of dollar gains versus the euro after six losing weeks. The news pushing the dollar gains during the week were the following key factors:
-Expecting delay with Fed rate cut
-Positive US housing market data
-Very good US Initial Claims report by the last week
-High jump of US Industrial production
Today’s World-Signals.com free signals is the following:
Sell EURUSD on high movement above 1.35 target the key support. The breaks below 1.3460 will signals for 1.3405/15 otherwise reverse.
Published on Fri, May 18 2007, 07:21 GMT
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The Japan economy and the Yen suffer. Buy USDJPY
Thu, May 17 2007, 08:16 GMT
by George Marshal
The top news for today is focusing over the Japan economy and the yen. Bank of Japan kept the interest rates unchanged at 0.5%. The world second largest economy cooled in the first quarter. The concerns for slow down export in USA cut the company spending. The yen continue to suffer against the euro and dollar as versus the dollar is close to 121 levels. The World-Signals.com forecast remains in the same direction. The yen will fall against the dollar. Buy long USDJPY is our forecast.
Published on Thu, May 17 2007, 08:16 GMT
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Three positive news for the dollar today
Wed, May 16 2007, 14:33 GMT
by George Marshal
Better than expecting fundamental news for the US economy force the dollar against the major currencies. First unexpected raise in new Housing starts for April up to 1528K and less than expected Building permits. Further the Industrial Production supported the dollar with raise to 0.7% by prior month of –0.2%. And last the support for the dollar was based on technical analysis. The there main reasons for the dollar raise during the morning US session push the dollar with over 30 pips against the euro and also 30 pips against the yen. The coming few hours are important for the dollar recovery or turning of the attention to the expecting Fed rate cut.
Published on Wed, May 16 2007, 14:33 GMT
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Signal for USDJPY currency for today May 16th
Wed, May 16 2007, 07:37 GMT
by George Marshal
The yen not
used the moment when the dollar was set on pressure after the release of US
inflation data. Also the speculations for soon Fed rate cut even some
speculations shows two rate cuts during this year not help to the yen to
recovery. The breaks below the technical and psychological level of 120.00 not
happen. The yen is very weak after the latest reports for the situation with
the Japan economy and the rumors for not rate hike soon.
For today
our forecast the follow:
Open long USDJPY close to 120.00/25 with target 120.55 reverses below 119.85. Break above 120.60 changes the target to 120.90.
Published on Wed, May 16 2007, 07:37 GMT
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The Fed rates cut are more likely to happen
Tue, May 15 2007, 14:56 GMT
by George Marshal
After poor dollar recovery during the European session follow new weakness of the dollar. The investor’s fears for the US economy situation combine with the expecting Fed rate hike push most of the investors to sell dollars. After the release of US inflation data today the fears raise that Fed will cut the interest rates soon and even twice for the year. By this way the interest rates difference between the euro zone and US will narrow faster. The situation with the US economy is not bad there are many signals for cooling and combine with the low inflation the next Fed decision have to be rate cut. The forecast for the coming hours is open long EURUSD, GBPUSD position and short USDCHF.
Published on Tue, May 15 2007, 14:56 GMT
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EURUSD signals for today May 14th
Mon, May 14 2007, 07:23 GMT
by George Marshal
For the
first business day for the new week on the forex market are expecting movements
of Euro/dollar into both directions. The focus of the investors is again over
the speculations for the Fed and ECB interest rates politic. The investors
expect new signals by ECB for the interest rates politic. Current all
expectations are for ECB rate hike with 25 bps in June 2007.
The World-signals.com forecast for today is the follow:
Sell EURUSD @ 1.3540/55 wit target 1.3470/90.
Open long EURUSD position @ 1.3470/90 with target 1.3530/45.
The break below 1.3470 will reverse the current forecast.
Published on Mon, May 14 2007, 07:23 GMT
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The dollar gains against the euro for second consecutive week
Sat, May 12 2007, 20:13 GMT
by George Marshal
The trader’s speculations set a new direction, as most of the traders believe that the interest rates difference between US and Euro Zone won’t narrow so much like the recent expectations. The dollar ups against the euro for second consecutive week after 6-weeks losses against the euro. The interest rates difference will remain at the range for the moment of 1.5% to 0.75-1.00% between USA and Euro Zone. The positive news for the dollar would not mean continue of the dollar recovery because the US economic growth is still not enough to set the dollar new gains. If the dollar up against the euro for third consecutive week the signal to the investors will be clearer and much of them will prefer to close their euro positions.
Published on Sat, May 12 2007, 20:13 GMT
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GBPUSD recovery continues
Fri, May 11 2007, 09:14 GMT
by George Marshal
The pound recovery continues after the Bank of England hike of the interest rates to 5.5%. The investors expect BoE to act with the interest rates since the beginning of the year and finally when the long time expecting rate hike happen the investors make their corrections. The pound recovery from the record high level of 2.0132 to 1.9762 and the recovery continue. Most of the traders follow the technical analysis to close their long positions in a profit taken moment. In the coming few weeks the cable recovery will continue with target 1.9520. But is a risky trading because still many investors waiting for continue of the dollar weakness and bet their wins with the cable breaking above 2.00 again.
Published on Fri, May 11 2007, 09:14 GMT
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USDJPY breaks the key resistance and continue into upward
Thu, May 10 2007, 10:15 GMT
by George Marshal
The yen losses against the dollar and euro continue today. The Japan currency is under pressure due too continues speculations for the weak economic situation and Bank of Japan waiting for new evidence to make new step with the rate hike. The long term forecast for USDJPY trading is movement up to levels of 122.20. The current key support level is formed at 119.52 and the first resistance is at 120.90 as at the moment resistance at 120.44 is testing. The test at this level of 120.44 has to successful and the yen will fall to 120.70 before to touch the next resistance at 120.90. The break above 121 will have also psychological moment.
Published on Thu, May 10 2007, 10:15 GMT
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EURUSD forecast after Fed decision
Thu, May 10 2007, 09:10 GMT
by George Marshal
After the Fed interest rates decision and the Fed comments the dollar remain strong. But in the coming hours we predict that the dollar will lose of the recent gains against the euro. The reason is the speculations that Fed will cut the interest rates twice for the year. This means interest rates at the level of 4.75% at the end of 2007.
The US inflation is the reason for the Fed to keep the interest rates unchanged but the world biggest economy continues to slow down. To stimulate the economy and the housing market that is one of the most suffering sectors the Fed will act as cut the interest rates. If the dollar keeps the recent gains there is a chance to start profit taken. As these chances are not so strong how the chances for dollar fall against the euro.
Published on Thu, May 10 2007, 09:10 GMT
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The traders open room in EURUSD trading
Tue, May 8 2007, 12:57 GMT
by George Marshal
The euro fell against the euro during the European session as the traders open more room for tomorrow in eventually strong signal for Fed rate cut. The dollar recovery will open a good moment for many traders to speculate as open long positions tomorrow ahead and during the Fed news release. The dollar ups with almost 70 pips against the euro for the last few hours. Currently the first key support is forming at 1.3535 and at that level many traders will open long positions or will wait till tomorrow to doing it. If the euro falls below 1.3535 the trading will open a new market situation and the traders will wait with their market action. Still the profit taken moment is not starting but some of the traders already closed their long positions.
Published on Tue, May 8 2007, 12:57 GMT
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EURUSD forecast for today
Tue, May 8 2007, 07:06 GMT
by George Marshal
The trading ahead the key central banks interest rates decision is into neutral direction. The EURUSD consolidate at the levels of 1.36 with movements of 25/35 pips. The forecast remain for trading into short range. Try to catch these movements as place the target level not more than 35 pips. For today at 10 AM ET expect U.S. Wholesale Inventories but the traders will focus over tomorrow FOMC policy announcements and mainly the Fed comments for the further action. It is widely expecting Fed to leave the interest rates unchanged and to signal for rate cut during 2007. If the signals for Fed rate cut are clear the dollar will break the current record low level against the euro at 1.3681.
Published on Tue, May 8 2007, 07:06 GMT
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Today's forecast for EURUSD
Mon, May 7 2007, 10:37 GMT
by George Marshal
The today’s forex forecast is trading close to levels of 1.3600. The traders will not take the risk ahead the Federal Reserve meeting on Wednesday. The words of Fed for the interest rates expectations during 2007 are on focus. On Wednesday are not expecting changes of the current interest rates level.
The trading today is expecting at levels of 1.3570 to 1.3660. For the European session the dollar will continue to fall against the euro slowly to levels of 1.3630/45. If the resistance there is not enough the dollar will fall to 1.3660. Till the news from Wednesday the traders will not start buying dollars and is expecting new test of the record low dollar levels against the euro.
Published on Mon, May 7 2007, 10:37 GMT
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The market is already generating the negative US unemployment report
Fri, May 4 2007, 12:36 GMT
by George Marshal
The dollar have not lucky day after the report from 8:30 AM this morning. The US unemployment rate up with 0.1% to 4.5% as the forecast. The other key event is non-farm payrolls down to 88 000 new jobs for April. This level is less than expecting. After the serial of good fundamental release by this week at the end of the week the US unemployment sector offer bad news. But the market generates most of the expectations and still is possible to hold at the current levels and to be the first week for dollar gains from the last six weeks.
Published on Fri, May 4 2007, 12:36 GMT
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Today is a key moment for further dollar trend
Fri, May 4 2007, 09:07 GMT
by George Marshal
The market is nervous ahead the most important US non-farm payroll rate today. The current forecast is for adding of new 100 000 new jobs in US compare with 180K by the prior month. The unemployment rate is expecting at level of 4.5% with 0.1% higher than the report for March. The traders will use the moment to trade with high volumes today. If the release of the fundamental data today is worse than the forecasting the dollar will fall to levels above 1.36 and even will reach to the record level of 1.3680. Otherwise if the dollar keeps the recent gains this will be the first week from six weeks when the dollar will up against the euro.
Published on Fri, May 4 2007, 09:07 GMT
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Is the time for dollar recovery became?
Thu, May 3 2007, 14:24 GMT
by George Marshal
Today may be many traders starting to ask whether the dollar is reached the high level against the euro and pound? Is the time for dollar recovery became? These are the top questions today after the release of ISM Services. After the positive ISM Index by Tuesday, followed by the growing Factory orders, better than forecasting Productivity and Initial Claims the dollar will make successive week against the euro for first time since six weeks. After today’s economic release we confirm the World-Signals.com forecast by the last week for dollar recovery to levels of 1.3300/40. If this level is break down the dollar will up to levels of 1.3130/45. But for the moment the forecasts for tomorrow-key US non-farm payroll report are not so optimist and that should break the starting dollar recovery. For the moment the US economy making positive surprises so is possible to expect the same situation tomorrow.
Published on Thu, May 3 2007, 14:24 GMT
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Positive signals for the US economy
Thu, May 3 2007, 13:49 GMT
by George Marshal
The dollar ups against the major currency after the release of positive news for US initial claims and Productivity for the first quarter. The first quarter productivity was at 1.7% for annual rate, compare with 2.1% by the prior quarter and higher than the forecasting at 1.1%. Productivity is a measure of how much an employee produces for each hour of work. It is a factor related with the inflation.
At the same time the number of employees filling claims by the last week down to 305 000 much lower than the forecasts. This is a three-month low level and is a good sign ahead the Friday’s unemployment report.
The dollar already ups against the euro with more than 40 pips ahead and couple of minutes after the opening of US market. We predict that the dollar recovery will continue during the whole US session if the ISM Services became as high as the forecast.
Published on Thu, May 3 2007, 13:49 GMT
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Two main reasons for the weak dollar
Thu, May 3 2007, 07:24 GMT
by George Marshal
The big question for the whole 2007 for the dollar and forex market is whether Federal Reserve will cut the interest rates. The speculations start since the autumn of 2006 and still are the most actual news moving the forex market. A week ago most of the traders forecasting Fed rate cut to the end of 2007 at least once. This means at the end of the year US interest rates at 5.00%. But this week the situation is not the same. The concerns for the US inflation bring new rumors that Fed will keep the interest rates unchanged. Even some analyzers predict rate hike during 2007 if the US inflation is not set on control. The second most important event moving the forex market is the US economic growth. The latest fundamental release shows slowing down of the world biggest economy. But the key element is how slow is the US economy and is it temporary or sign of serious slowing down. Just when are giving the right answer of these questions the dollar should start recovery.
Published on Thu, May 3 2007, 07:24 GMT
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Negative expectations for US non−farm payrolls stop the raising dollar
Wed, May 2 2007, 14:49 GMT
by George Marshal
Together with the release of very positive US Factory orders was release the latest forecast for US non-farm payroll expectations. The private report show expectations for adding new jobs at 64 000. This is far below the prior expectations and is the smallest since July 2003. The US Factory orders was 3.1% far above for the prior month of 1.0%. By the both news the US non-farm payroll is much more important for the traders and this news does not allow to the dollar to make new gains. The expectations before the private report for US non-farm payrolls show adding of 100-115K new jobs.
Published on Wed, May 2 2007, 14:49 GMT
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How strong is the dollar recovery by the last 24−hours
Wed, May 2 2007, 11:18 GMT
by George Marshal
The dollar firms against the major currencies after the yesterday 11-months record high level of ISM Index. The traders turn their attention over the US economy situation and the latest news show positive situation. The dollar should continue to gain against the euro and pound as raising the speculations that Fed is possible to leave the interest rates unchanged this year. Also the dollar is supported by the technical element. Many indicators show that the dollar is undervalued and some traders prefer to close their long positions. World-Signals.com latest forecast is for dollar recovery against the euro to levels of 1.3300/40. Still is too early for more dollar gains against the euro. While the Euro Zone economy continue with the better performance and the world economic growth going very well the dollar will remain under pressure and close to the record low levels.
Published on Wed, May 2 2007, 11:18 GMT
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The dollar temporary ups after positive ISM Index data
Tue, May 1 2007, 14:20 GMT
by George Marshal
The dollar up against the major currencies after 10 AM this morning when the ISM Index in US for April was 54.7 much better than the forecast and up from the prior month. The traders turn to the dollar and for the first 15-minutes after the new release the dollar gain over 30 pips against the euro and over 45 pips against the pound. The recovery but is not sure because many traders will use the moment to open long positions and to buy other currency different than the dollar. Still the main reason for the dollar extremely weakness against the cable and euro are the expectations for Fed rate cut at least once to the end of the year.
Published on Tue, May 1 2007, 14:20 GMT
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The current key support level for EURUSD is 1.3585/90
Tue, May 1 2007, 07:58 GMT
by George Marshal
The European markets are closed today due too the international labor day. The market is mostly with light volume. But some traders will use the moment to continue with the speculations. The traders wait to buy euros against the dollar at levels below 1.36. While the Fed will not act with the interest rate cut on next week the expectations are for rate cut in the period of June-September. Currently the key support level is formed at 1.3585/90. This level is using by the traders as buying level of euros. Next week the euro/dollar trading will break above 1.37 as is possible to break above 1.37 this week too.
Published on Tue, May 1 2007, 07:58 GMT
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New dollar record low level – Forecast for EURUSD
Fri, Apr 27 2007, 20:57 GMT
by George Marshal
After worse than expected US GDP-Adv data for Q1 the dollar break the key resistance at 1.3668 against the euro touching 1.3681. This is the ever-high level of euro against the dollar. The situation in the US economy really concerns the investors and the Fed has to cut the interest rates soon. For short time the dollar recovery against the euro as one of the key region the Michigan Sentiment-Rev show positive results. Finally at the end of the day trading the dollar also remain under pressure. If the US economy continues to generate negative news the trading will break 1.37 and far at the range of 1.38/1.40 is expecting the end of the current strong upward movements.
Published on Fri, Apr 27 2007, 20:57 GMT
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Traders expect GDP−Adv data today
Fri, Apr 27 2007, 07:25 GMT
by George Marshal
The investors and traders await the key US GDP data today. The data is very important for the further speculations about Fed interest rates politic. The current expectations for GDP-Adv is 1.8% compare with 2.5% by the prior period. Some expectations are even for worse data to 1.4%. If the data is worse than the expectations the chances for Fed rate cut will up and the dollar will lose against the major. Currently the dollar find good bottom at level of 1.3584 and form this level as the first support level. The break below will open the space for 1.3545.
Published on Fri, Apr 27 2007, 07:25 GMT
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EURUSD touched double resistance level
Wed, Apr 25 2007, 19:36 GMT
by George Marshal
The crisis in the US housing sector continue. The latest proofs come by the release of new home sales for March. The result was 858K new homes compare with the prior month of 848K and forecasting 890K. After that the dollar fell against the euro to 1.3665 just few pips to the record high since December 2004. The break above the level of 1.3668/70 is double resistance, the first technical and second psychological. The analysis for the market expectations and the speculations are clear that in the coming days the break above this resistance is sure. The forecasts predict EURUSD trading at levels between 1.37 and 1.40 in May 2007.
Published on Wed, Apr 25 2007, 19:36 GMT
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The dollar fell after bad US fundamental data today
Tue, Apr 24 2007, 15:00 GMT
by George Marshal
The US housing sector suffer after the release of worse than expectations data for US existing home sales today. The sales of existing homes during March reach level of 6.12M compare with the prior month of 6.69M. The high US interest rates cold the housing market and that cause economic slow down. After the period of few years with interest rates of 1.00% at the moment the Americans does not fast to buy new homes. The bad situation in the US economy was confirmed today by the release of consumer confidence data. The data was 104.0 for April compare with 107.2 by prior month. The dollar act on the market moving with about 80 pips up and is very close the record high of 1.3668 since December 2004.
Published on Tue, Apr 24 2007, 15:00 GMT
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Fed rate cut is necessary to stimulate the economy
Mon, Apr 23 2007, 20:26 GMT
by George Marshal
It is start
the economic week with the data for US Consumer Confidence and Existing Home
Sales. The traders will focus over the new fundamental reports and will
speculate with the expecting rate cut in US and the slow down of the biggest
economy.
The
speculations are widely that Fed will try to stimulate the economy making at
least one rate cut this year. The dollar losses on the market were affect by
the fast rate hike starting from 1.00% to 5.25%. If the Fed keeps the interest
rates unchanged during 2007 this will have also negative effect over the dollar
because the US economy will slow down much more.
Published on Mon, Apr 23 2007, 20:26 GMT
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When the dollar will stop fall against the euro?
Fri, Apr 20 2007, 21:04 GMT
by George Marshal
The
speculations about the Fed interest rates politic push the dollar to the record
low level against the euro. Except the speculations for rate cut in US on the
other side the European economy and specially the locomotive of the Europe
Germany show better economic data. ECB is preparing for rate hike in June and
to the end of the year is expecting ECB to hike the interest rates twice. All
these speculations made the dollar not prefer currency for the investors. The
dollar will remain weak till the moment when these speculations are over. This
will happen when really Fed cut the interest rates. Till this moment the dollar
will continue to lose on the market and the expectations are for levels EURUSD
of 1.40.
Published on Fri, Apr 20 2007, 21:04 GMT
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Forecast for the USDJPY trading in the coming days
Fri, Apr 20 2007, 06:46 GMT
by George Marshal
The yen make a pause during the last two days recovery against the dollar to levels of 117.60. But after that the traders again continue to sell yens. The trading starts to move again to levels of 120. The yen recovery to 117.60 was based on speculations that Bank of Japan will hike the interest rates in the coming months. At the same time the speculations are for Fed interest rates cut. But the Japan economy remain weak and the indicators continue to show not satisfy growth. The yen fell to 118.76 during the Friday Asian session. In the coming couple of days the expectations push the yen down to 120 levels and above.
Published on Fri, Apr 20 2007, 06:46 GMT
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Fundamental analysis for the GBPUSD breaks above 2.00
Tue, Apr 17 2007, 10:14 GMT
by George Marshal
Just like the World-Signals forecast by the recent days the cable break the level above 2.0000 making 15-years record. The main reason for the cable strong gains against the dollar are speculations based on not so strong fundamental reasons. The dollar is weak and the traders avoid any dollar holds betting on the cable.
If we analyses the fundamental situation between USA and UK we will not find significant difference. The interest rates in the US are higher than the UK. The tendency and in both countries are mixed with mostly expectations for leaving of the interest rates unchanged. The situation in the world’s biggest economy is not so bad and most of the indicators show growth in USA. The unemployment sector is never being in so good situation, the trade balance is recovering, just the housing market is worse than the normal, but it is normal having a mind the high interest rates of 5.25% in USA.
The balloon market continues based on speculations and for the GBPUSD trading should continue to levels above 2.04.
Published on Tue, Apr 17 2007, 10:14 GMT
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The cable reaches 15−years record against the dollar
Mon, Apr 16 2007, 14:12 GMT
by George Marshal
The cable is the big winner after the whole speculations about the world economic situation, interest rates politic and G-7 meeting in Washington. The cable was trading during the afternoon European session at 1.9940 a record high level against the dollar for the last almost 15-years. The cable will break the psychological level of 2.0000 in the coming few days. The speculations make the British pound the prefer currency for the traders and investors. The cable is stable and attracts the investors who fast to sell dollars and yens. The trading continues according to our scenario by the recent weeks with target above 2.0000. Hold your long-position is our recommendation.
Published on Mon, Apr 16 2007, 14:12 GMT
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Jump Asian start for the Euro
Mon, Apr 16 2007, 07:27 GMT
by George Marshal
The euro made jump-start during the start of Asian session up with 50 pips against the dollar reaching to 1.3576, a new 2-years record high level. The trading is close to the record ever high since the euro in operation. Temporary the dollar recovery against the euro during the start of the European session, but as overall the tendency is movement above 1.37. It is normal Monday the trading to remain into not clear trend. The traders will waiting to see the situation in the US Retail Sales sector and the speculations for the US Consumer Price Index will be the factors moving the trading today. World-Signals recommend waiting for low EURUSD levels and opening long positions.
Published on Mon, Apr 16 2007, 07:27 GMT
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Expect new record EURUSD trading levels
Sat, Apr 14 2007, 07:34 GMT
by George Marshal
Like our expectations the dollar break the level above 1.35 and continue
to the record target of 1.3668. The positive data for the US Trade Deficit did
not help to the dollar. The traders potential would not be stopped with the
fundamental events. The euro/dollar trading has to break above 1.37 level to be
able to recovery. The traders continue to speculate with the interest rates and
with the fears for the US economy situation. The balloon continues to expand
and the euro should reach levels again the dollar like 1.40 in May-June 2007.
Published on Sat, Apr 14 2007, 07:34 GMT
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Forecast for the EURUSD trading
Fri, Apr 13 2007, 12:59 GMT
by George Marshal
The dollar fell to new 2-years record and is close to the record high since the euro operation of 1.3668. In spite the positive US Trade Balance data the dollar remain at the levels above 1.35. The expectations continue for weak dollar in the coming weeks. The losing dollar is like a balloon now. There are so clear fundamental reasons for the so weak dollar against the euro. The traders speculate making huge profits, but when the profit taken start the dollar will make at least 250 pips recovery for few hours. But still these speculations will continue and we are targeting the levels above 1.37.
Published on Fri, Apr 13 2007, 12:59 GMT
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Expecting decision of ECB to leave the Interest rates unchanged
Thu, Apr 12 2007, 12:09 GMT
by George Marshal
ECB leave the Interest rates unchanged at 3.75%. ECB will wait to see the inflation result that should push the Interest rates to 4.00%. Some rumors shows that ECB will hike the interest rates to 4.00% in June. It seems that the financial men of the Euro Zone are not concern by the high value of the Euro that should cause negative effect to the European exporters. While the ECB obviously prepare to hike the interest rates soon, the Fed rising of benchmark refinancing rate is over. This is one of the main news that pushes the dollar low in the recent months.
Published on Thu, Apr 12 2007, 12:09 GMT
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Clear signals for the EURUSD trading are fact
Thu, Apr 12 2007, 05:57 GMT
by George Marshal
The euro/dollar trading breaks new record high level during the Asian session. This is 2-years new record high and strongly moves to the record high of 1.3668 since December 2004. Everything from the world situation like the crisis with Iran, the situation with the US economy, European economy, ECB interest rates politic is negative for the dollar. Even the very positive Friday Job market did not help to the dollar. This is clear signal that the dollar have what to lose in the coming months. The break above the level of 1.36 is sure, even is sure that the euro/dollar trading should reach the level of 1.38.
Published on Thu, Apr 12 2007, 05:57 GMT
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The cable is ready to test 2.00 level
Wed, Apr 11 2007, 07:38 GMT
by George Marshal
The pound gains against the dollar strong after the Eastern holiday and will be ready to test the psychological level of 2.00. Currently the key resistance is forming at 1.9913 followed by the psychological level of 2.00. The pound will break the level above 2.00 in the coming days. It seems that the pound is the strongest currency in the world for the moment. Rumors for eventually raising of the BoE interest rates and the good situation in the UK economy are the main reasons for the pound gains. Also the traders worldwide prefer to sell dollars and turn their investments into the UK currency. The US situation continues to draw back investors turning their plans and investments into much more security currency like the pound.
Published on Wed, Apr 11 2007, 07:38 GMT
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Traders will prefer to take profit by USDJPY trading
Tue, Apr 10 2007, 13:50 GMT
by George Marshal
The traders operating with the yen will prefer to take profit ahead the G-7 meeting this week. The G-7 meeting starts on Friday. The rumors talks that G-7 should make some decisions after the negative reaction by the prior meeting when were discussing the yen weakness. Finally the result was not good for the yen fall again. Till the end of the week the main event that will move the yen will be the rumors for the G-7 meeting and what actions should be taken to stop the falling yen. The yen is close to break the levels above 120. The current resistance was forming at 119.38. The break above will follow 119.70 and break above the psychological level of 120.00.
Published on Tue, Apr 10 2007, 13:50 GMT
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Speculation for serial of negative news for the dollar
Tue, Apr 10 2007, 06:07 GMT
by George Marshal
After the Eastern Monday the trading start with new power on the first
business day for the whole world this week. The dollar fell sharply against the
euro and in the coming hours will test the current high at 1.3440. The
speculations for worse US Trade Balance data and tension with China trade push
again the dollar to the wall. There is no space to move and the dollar will
start to break new resistance. The trader’s bets that the European economic
continue to grow and ECB will hike the interest rates again. On the other side
still the trades are concern that Fed should cut the interest rates. Our
forecast is that the dollar should reach the levels of 1.3510 this week.
Published on Tue, Apr 10 2007, 06:07 GMT
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Good US Job's report and the reasons for the weak dollar
Fri, Apr 6 2007, 12:52 GMT
by George Marshal
After one of the biggest speculation for 2007 cause the break of EURUSD above 1.3410 yesterday the traders back on the ground. The US economy Jobs report is not so bad. Even the US Jobs market is in fantastic good situation! When the world biggest economy is having Unemployment rate of 4.4%? When? The US economy adding one of the highest levels new jobs 180K. And that’s not all. The US economy going well in Interest rates 5.25% with 1.5% higher than in the Euro Zone. Then many traders ask themselves why the dollar is so weak when the situation in the US economy is not so bad how is represent? The reasons are many, but mainly fears, speculations and trading game against the fundamental reasons. The big fish and the Bush administration want weak dollar and doing everything to keep the dollar low. Any dollars recovery will be temporary till the end of Mr. Bush as president of US.
Published on Fri, Apr 6 2007, 12:52 GMT
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Forecast for the USDJPY trading during April−May 2007
Fri, Apr 6 2007, 07:09 GMT
by George Marshal
The yen remain weak against the dollar in spite the negative data for the dollar. The situation in the Japan economy is still in doubt whether Bank of Japan will be able to hike the interest rates again or will keep the level of 0.5% for the whole 2007. The traders prefer to sell yens in expecting levels above 120. The 4-years high of 122.17 will happen again on the market latter this month or latest in May 2007. The chances for rate hike are minimal and we predict that the interest rates will hold at 0.5% for the whole 2007. Currently the key support level is forming at 117.21 a key level that should be using for opening long positions.
Published on Fri, Apr 6 2007, 07:09 GMT
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Sell dollars and trade according to the speculations
Thu, Apr 5 2007, 19:29 GMT
by George Marshal
The traders speculate that the coming unemployment report on Friday will give a signal that Fed will cut the interest rates. The moment of speculation was using by the traders and the dollar hit new record high for the last 2-years at 1.3440. The speculations will continue with full power and the dollar will break the record high levels since the euro is in trading of 1.3660. The speculation for the US Interest rates politic is the top event for the dollar for 2007. If the Fed leaves the interest rates unchanged the dollar will fall above 1.37. If the Fed cut the interest rates during 2007 the euro/dollar trading will move above 1.40. All scenarios are negative for the dollar. Bet on speculations and trade as sell dollars.
Published on Thu, Apr 5 2007, 19:29 GMT
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The traders expect positive news for the US non−farm payroll tomorrow
Thu, Apr 5 2007, 08:22 GMT
by George Marshal
The traders expecting very positive news for the Friday key US non-farm payroll report. The current expectations are for level of 135K, with 38K better than the prior month. The positive news for the US unemployment sector will dispel the fears that Fed will cut the interest rates this year. But the positive expectations are still not affecting on the market where the euro/dollar trading remain at levels above 1.33 and close the 2-years high of 1.3410. For today the market will continue into neutral movement. The break above 1.34 is sure if tomorrow key fundamental data is worse than the expectations. On the other side the dollar will recover and move down below 1.33.
Published on Thu, Apr 5 2007, 08:22 GMT
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Fed leave the interest rates unchanged at 5.25%
Wed, Apr 4 2007, 15:51 GMT
by George Marshal
After the Fed decision to leave the interest rates unchanged the traders widely sell dollars. The Fed is not ready to cut the interest rates while the traders expecting Fed to hint for rate cut in the coming months. The main factors that will affect to the further Fed decisions are the US inflation and US economic growth.
In the coming days we expect to see the euro/dollar trading at high levels close to 1.35. It seems that nothing will stop the dollar except the key resistance that form at 1.3485. We recommend opening long EUR/USD positions with target 1.3485.
Published on Wed, Apr 4 2007, 15:51 GMT
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Dollar little strong ahead FOMC today
Wed, Apr 4 2007, 15:50 GMT
by George Marshal
The dollar made little rise against the euro expecting the key Fed statement later today. The dollar was traded at 1.3323 after the end of US session yesterday and fall to 1.3288 during the beginning of morning US session today. The investors expecting to hear growing concerns in the US economy and interest rate cut further this year. It is widely expecting at 14:15 today Eastern Time Fed to leave the interest rates unchanged.
Published on Wed, Apr 4 2007, 15:50 GMT
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Worries for the US economic push the dollar low
Wed, Apr 4 2007, 15:49 GMT
by George Marshal
The trading today is based on speculations ahead US Housing Starts and Building Permits. Also the traders speculate what will do the Fed with the interest rates tomorrow when at 14:15 ET is schedule the FOMC policy announcement. The expectations are Fed to leave the interest rate unchanged and to signal for rate cut in the coming 1-2 months. The worries for the US economy growth continue to dominant and that will cause new rumors for rate cut in the world biggest economy. The dollar will remain weak and in the coming 1-2 weeks will target the levels of 1.35.
Published on Wed, Apr 4 2007, 15:49 GMT
Archive
- U.S. economy is in recession
Published On Tue, Jul 1 2008, 05:45 GMT - The Crude Oil breaks above $140 today
Published On Thu, Jun 26 2008, 20:13 GMT - World-Signals.com Forex analyses for the coming business week
Published On Sun, Jun 22 2008, 17:57 GMT - Housing report fears hold the dollar gains
Published On Tue, Jun 17 2008, 05:38 GMT - The dollar rose in expectation of positive Retail Sales today
Published On Thu, Jun 12 2008, 08:20 GMT
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