EUR USD

[xtreamforex.com]

EUR/USD broadens increases above 1.1400 in front of US mid-term races

The EUR/USD match broke to the upside amid the American session and achieved a new every day high at 1.1423. Close to the finish of the session was merging increases, close to the best and 70 pips over the low, in front of the US mid-term races. The ongoing move higher occurred in the midst of a slide of the US dollar in all cases. The DXY dropped to 96.26 and it was going to post the most reduced close since October 23 as US yields pulled back. US decisions on Tuesday could impact on the US dollar relying upon the outcomes that are probably going to begin turning out amid Wednesday’s Asian session. Likewise on Wednesday, the FOMC will begin its 2-day meeting. No adjustment in rates is normal and the effect on business sectors could be minor thinking about that there won’t be a question and answer session.
Xtreamforex EUR/USD levels to watch
Support levels – (1.1368.)( 1.1328) ( 1.1300)
Resistance levels – (1.1436) (1.1464) (1.1504)
GBP/USD hoping to clutch 1.3050 in front of Tuesday’s legislative issues overwhelming news stream

The GBP/USD is proceeding to battle close to the 1.3050 level heading into Tuesday’s London advertise session as a prominent absence of a serviceable Irish outskirt answer for Brexit transactions sees Sterling merchants swarming on features that are overwhelming on expectation however thin on points of interest as EU-UK talks keep on going no place. GBP/USD investigation: running with time as the opponent, however a long way from an answer on Irish barrier Tuesday is a political day for the business sectors, with minimal useful information on the financial logbook, yet a constant flow of Brexit features in the UK and US mid-term decision results due later in the day, and the GBP/USD sees a lot of chances to encounter more extensive market unpredictability. This week opened on untimely expectations filled by gossipy tidbits that the UK could be inches from anchoring a useful Brexit understanding, however as the week twists out its undeniably evident this isn’t the situation, and the check is rapidly coming up short on schedule for the opposite sides to achieve balance, and the Irish outskirt contradiction remains a basic, yet unsolvable issue. On the US side, Americans are casting a ballot in basic mid-term decisions for the duration of the day, and surveys indicate President Donald Trump’s Republican gathering attempting to cling to voters that cleared them into the President’s office in 2016.
Xtreamforex -GBP/USD levels to watch
Support levels – (1.2985) (1.2929) (1.2893)
Resistance levels – (1.3077) (1.3113) (1.3169)
USD/JPY: is peaceful in Tokyo in front of US congressional midterm decision confrontation

USD/JPY has been steady on the 113 handle notwithstanding the developing conclusion that Democrats will win the House making it harder for Trump’s residential motivation to traverse Congress. USD/JPY exchanged between a scope of 113.07 and 113.34 yet settled a little on the delicate side when US 10yr treasury yield plunged and was finishing the day level generally speaking at 3.20%. The 2yr yield floated back up 2bp to 2.91%, where it shut Friday while the Fed finance fates yields repriced the possibility of another rate climb in December at 75% (from 80%).
Xtreamforex – USD/JPY levels to watch
Support levels – (113.07) (112.93) (112.80)
Resistance levels – (113.34) (113.47) (113.61)
Read more:https://www.xtreamforex.com/academy/...ry/forex-news/

[World-Signals.com]

Trading ideas for EURUSD this week.
EURUSD currently hit the highest level of 1.2266. This is the record high level for the last 5-months. The highest trading level of EURUSD in 2021 is 1.2349. The big questions is the potential of Euro to hit 1.2349 and the levels above this key resistance.
Since the beginning of April 2021 EURUSD is in upward trend.
In the last week of May is expected to show key news for U.S. Durable Goods report on Thursday and Initial Claims to confirm that the jobs market recovery is very slow.
World-Signals.com trading strategy this week is to use short positions with target at 1.2210. If it breaks below 1.2210 we can see levels of 1.2165. The move above 1.2266 is sure to happen but the move may stop at 1.2290/1.2300. The level of 1.2349 may not hit this month. So use the current levels to trade into both directions and if you use long positions try to open at 1.2170 up to 1.2210 and expect target 1.2260.

[World-Signals.com]

EURUSD trading strategy ahead key events.
During the current European session the trend of EURUSD will change. The current downward trend started last Friday and is about to end today. The Dollar gained about 130-140 pips in this period of 4 days.
For today the key event is ISM Manufacturing PMI(May) at 14:00 GMT. But overall the key event that everyone is waiting for is Friday Non-farm payroll report. It is expecting a positive report that may support the dollar. The event is already generated by the market. But till the event World-Signals.com expects to see temporary recovery of the Euro as possible levels up to 1.1885.

[World-Signals.com]

The higher U.S. consumer price may support the dollar in a short term period.
Inflation climbs for third straight month: U.S. consumer prices rose 5.4% in June from a year ago, again higher than expected.

The dollar became stronger after today's key report for U.S. inflation. The Dollar gained about 55 pips after the release of the news.
This year World-Signals.com expects to see the highest inflation in the last decade. As the dollar gains today by this news in a mid and long-term period the dollar may lose against the major currencies.
But the higher inflation is a signal that Fed policy to hike U.S. interest rates is close. The Fed last month announced that it will make two interest rate hikes with the minimum 0.25% but this high inflation may push the Fed to make higher than expected rates hike.

At the same time the inflation in the biggest European economy is 2.3% the same as expected and the same as in prior month of year base.
The Germany Consumer Price Index was released earlier today of 2.3% of year base and 0.4% for June the same as expected and prior month too.
For tomorrow (Wednesday July 14th) the most important event is Fed's Chair Powell testifying schedule or 16:00 GMT.

The news for U.S. Consumer prices may strengthen the Dollar in a short term period. Our prediction is to see EURUSD at levels of 1.1600.

[Matiusper]

The higher U.S. consumer price may support the dollar in a short term period.
Inflation climbs for third straight month: U.S. consumer prices rose 5.4% in June from a year ago, again higher than expected.

The dollar became stronger after today's key report for U.S. inflation. The Dollar gained about 55 pips after the release of the news.
This year World-Signals.com expects to see the highest inflation in the last decade. As the dollar gains today by this news in a mid and long-term period the dollar may lose against the major currencies.
But the higher inflation is a signal that Fed policy to hike U.S. interest rates is close. The Fed last month announced that it will make two interest rate hikes with the minimum 0.25% but this high inflation may push the Fed to make higher than expected rates hike.

At the same time the inflation in the biggest European economy is 2.3% the same as expected and the same as in prior month of year base.
The Germany Consumer Price Index was released earlier today of 2.3% of year base and 0.4% for June the same as expected and prior month too.
For tomorrow (Wednesday July 14th) the most important event is Fed's Chair Powell testifying schedule or 16:00 GMT.

The news for U.S. Consumer prices may strengthen the Dollar in a short term period. Our prediction is to see EURUSD at levels of 1.1600.

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