6/26/ · Q1 GDP growth (%) coincided with forecast Forex and Cryptocurrency Forecast for June 28 - July 02, - Analytics & Forecasts - 26 June - Traders' Blogs 6/28/ · USD/JPY Forecasts USD/CAD Forecasts USD/CHF Forecasts GBP/USD Forecasts AUD/USD Forecasts NZD/USD Forecasts Forex and Cryptocurrency Forecast for June 28 - July 02, Welcome to this week's forex forecast for the week ending July 2nd, I'm TraderBart with A1 Trading, and this week I'll be looking at NZDCHF, EURCHF, GBPAUD & XAUUSD. NZD/CHF Price is staying just below the channel's top at and is already showing some rejection to this zone
USD/INR Forecast: July
The data on the labor market and the US economy released last week did not have much positive to please. Q1 GDP growth 6. And then there were some disappointments. Initial jobless claims were K with a forecast of K. The increase in durable goods orders for May was lower than expected at 2. And capital goods orders fell into the negative zone, minus 0. And all this is against the back of Markit's business growth in Germany Despite the slowing American economy, the risk appetite of those willing to invest in it has not subsided, but, on the contrary, even grew.
They were backed by President Joe Biden's Senate-approved infrastructure plan. This plan includes the construction of new roads and bridges, ports, investments in water supply, clean energy and broadband internet. Such an infusion will create thousands of new jobs and add points to the United States in the economic confrontation with China. The outflow of funds to the stock markets weakened the dollar.
The DXY dollar index fell from Starting from 1. A meeting of the Bank of England took place on Thursday, June As for the specific momentary steps of the regulator, no one expected any surprises from it. It was clear to everyone that the Bank of England would not make drastic moves and would leave the parameters of its monetary policy unchanged, forex forcast for july 2021. So it happened: the asset buyback program was maintained at £bn and the interest rate at 0.
However, investors had hoped that positive UK labor market data would prompt the Bank's management to start discussing moves to wind down programs for quantitative easing QE soon. Just as their colleagues from the other side of the Atlantic intend to do. However, then the degree of optimism went down. The first tub of cold water was poured on Wednesday June 23 following the publication of the June Markit PMI for the UK services sector.
It turned out to be lower than in May: And then a whole chilling waterfall followed: the Bank of England not only did not change the parameters of the quantitative easing QE program but did not give a hint that these parameters could be changed in the foreseeable future. And barely pushing off from it, it was able to complete the week 20 points higher, at the level of 1, forex forcast for july 2021. And they were all right: despite the fact that the dollar was falling against the euro and the pound in the first half of the five-day period, it was growing against the Japanese yen, reaching the height of True, the Japanese currency failed to gain a foothold there, and it placed the last chord at Although these currencies are virtual, the news regarding them is quite real.
Let's start with a brief overview, forex forcast for july 2021. The cause of death, Forbes reports citing the Spanish Ministry of Justice, is believed to have been suicide after a Spanish court decided to extradite McAfee to the United States. There, among other things, he was accused of money laundering, tax evasion and orchestrating altcoin fraud. And if John McAfee was already 75, then these scammers were barely 17 and 20 years old, respectively.
According to Forex forcast for july 2021, the Cajee brothers' scam could become the largest in the history of the cryptocurrency market.
These amounts are large, of course. But the main losses for investors do not come from the actions of fraudsters, but because of the regulators. Along with the fall of the crypto market, the hash rate of the BTC network also decreased. However, according to a number of experts, this may be due to the relocation of miners from China to other countries. However, having shown a minimal drawdown of up to 22 points, it quickly returned to where it was a week ago, to the point mark.
Without it, altcoins would most likely just go into free forex forcast for july 2021. As for the forecast for the coming week, summarizing the views of a number of experts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, forex forcast for july 2021 can say the following:. Recall that after the June 16 meeting, the hawkish forecasts of Federal Reserve executives have dramatically revived the market's appetite for the dollar.
Inspired by their rhetoric, investors rushed to buy USD even despite weak US macro statistics. As a result, having started on June 16 from a height of 1. And it turned around again and went up on Monday, June What is that? Have investors changed their minds? Or is it just a correction on the downtrend path? On the one hand, representatives of the FRS continue to insist that the US labor market is still far from the pre-crisis level, and therefore, for now, it is necessary to maintain soft financial conditions.
But on the other hand, Jerome Powell and his colleagues recognized the need to discuss the process of winding up stimulus programs QE. There was also a signal of their intention to raise interest rates earlier than expected.
The ECB, on the contrary, declares that they are not going to rush to reduce QE volumes, and that the current inflation rate in the Eurozone does not cause concern. And these factors are already not playing on the side of the dollar.
Forex forcast for july 2021 macroeconomic indicators published next week may tip the scales in one direction or another. Data on the German consumer market will be released on Tuesday June 29 and Thursday July 1, and a preliminary consumer price index will be released on Wednesday, showing the level of inflation in the Eurozone as a whole.
As for the statistics from the United States, we will find out the change in the ISM business activity index in the country's manufacturing sector on July 1. And data on the US labor market will come out on June 30 and July 02, including such forex forcast for july 2021 important indicator as the number of new jobs created outside the agricultural sector NFP. The next target for the bears is the March 31, forex forcast for july 2021, low.
The nearest support is 1. The first serious resistance is in the 1. The goal is to update the May 25 high at 1. As a reminder, British Prime Minister Boris Johnson has postponed the full opening of the country's businesses for a month. This is due to an increase in cases of infection with the Delta coronavirus strain, first discovered in India, which doubles the risk of hospitalization. The number of infections has approached 20, forex forcast for july 2021, a day, and this is putting pressure on the pound.
Although only 18 people died from COVID during the same period. The ratio is less than 0. The increasingly unstable relations between London and Brussels after Brexit continue to put pressure on the pound. This is especially true for trade between Northern Ireland and the rest of the UK.
The nearest resistance is 1. More distant targets are 1. Trend indicators are also overwhelmingly in the red zone. Graphical analysis draws the following trading ranges: 1. As for the events of the coming week, we can note the publication of UK GDP data on Wednesday June 30, as well as the speech of the head of the Bank of England Andrew Bailey on Thursday July 1.
Who will forex forcast for july 2021 USD haven currency or JPY's safe haven? Or, if you like, you can ask the question the other way around: a safe haven currency JPY or a safe haven USD? Graphical analysis believes that having pushed off the support in the In terms of macro statistics, the Bank of Japan will release the Tankan Index for Q2 of this year on July This Large Producers Index reflects the general business environment for the country's large, mostly export-oriented companies.
A reading above 0 is positive for the JPY, while a reading below 0 is negative. The index is projected to rise to 15, up from 5 in Q1 So, the current crypto winter could turn out to be much harsher than in As mentioned above, investors are actively closing long positions and liquidating futures transactions.
And the heads of financial giants JPMorgan and Goldman Sachs have again declared bitcoin an unwanted investment. Investor and founder of the hedge fund Scion Capital, Michael Burry who had predicted the mortgage crisis, warned forex forcast for july 2021 subscribers about the collapse of the cryptocurrency market.
Parabolic [uptrends] will not pass. The investor also noted that the problem of the digital asset market lies in too much leverage. Burry had earlier warned that the market had inflated "the biggest bubble in history. The author of the bestselling "Rich Dad Poor Dad" entrepreneur Robert Kiyosaki joined Michael Burrie. He also expects the crypto market to collapse.
The biggest crash in world history is approaching. Buy more gold and silver. However, as usual, there are not only those who sell in the market, but also those who buy. Thus, for example, the founder of the Point72 Asset Management Fund Steve Cohen, unlike Jim Cramer, on the contrary, reformatted completely to cryptocurrency.
The MicroStrategy company also replenished its reserves of the main cryptocurrency, having bought another 13, coins. This Michael Saylor firm now ownsBTC, forex forcast for july 2021, making it the largest corporate investor in digital assets. In terms of forecasts, the scenario described by the popular PlanB analyst is interesting. As usual, the specialist relies on a stock-to-flow ratio S2F model. PlanB emphasizes that the current price pattern is consistent with a bearish scenario, however he is confident that bitcoin will hit its all-time high by October.
Perhaps they will spread to July. Notice: These materials are not investment recommendations or guidelines for working in financial markets forex forcast for july 2021 are intended for informational purposes only, forex forcast for july 2021.
Weekly Forex Forecast 28th June - 2nd July 2021 #dawnforexacademy
, time: 12:31Forex Forecast: 28 June - 2 July - KeySoft
6/26/ · Q1 GDP growth (%) coincided with forecast Forex and Cryptocurrency Forecast for June 28 - July 02, - Analytics & Forecasts - 26 June - Traders' Blogs Welcome to this week's forex forecast for the week ending July 2nd, I'm TraderBart with A1 Trading, and this week I'll be looking at NZDCHF, EURCHF, GBPAUD & XAUUSD. NZD/CHF Price is staying just below the channel's top at and is already showing some rejection to this zone 6/26/ · Weekly Forex Forecast 28th June – 2nd July #dawnforexacademy; Weekly Forex Forecast 21st – 25th June #dawnforexacademy; Weekly Forex Forecast 14th – 18th June #dawnforexacademy; #WeeklyForexForecast 7th – 11th June ; #EURUSD Forex Forecast 4th June ; #USDCAD Forex Forecast 4th June ; #USDJPY Forex Forecast 4th June
No comments:
Post a Comment