21.11.2022 15:25
Target levels and forecast for the week 21.11. 25.11.
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Target levels and forecast for the week 21.11. 25.11.Recall the fundamental events that you need to pay attention to (GMT 0 time):Tue, 22AUD: RBA Governor Lowe Speaks (07:00)USD: API Weekly Crude Oil Stock (21:30)Wed, 23NZD: RBNZ Interest Rate Decision, Rate Statement, (01:00), Press Conference (02:00)EUR: Manufacturing, Services, S&P Global Composite, Services PMI (09:00)GBP: Composite, Manufacturing, Services PMI (09:30)USD: Initial Jobless Claims (13:30); Manufacturing, S&P Global Composite PMI (14:45); Crude Oil Inventories (+Cushing) (15:30); FOMC Meeting Minutes (19:00)Thu, 24EUR: ECB Publishes Account of Monetary Policy Meeting (12:30)JPY: Services PMI (00:30); CPI Tokyo Ex Food and Energy (23:30)Fri, 25USD: Holiday Thanksgiving Day Early close at (13:00)For more news see Economic Calendar.EUR/USDey zone 1.0350-1.0450 is not broken there are no fundamental factors for growth this week. A downward correction of 1.5-2 figures is needed to remove StopLoss below the 1.02 zone. Speculation on comments after the ECB meeting is possible on Thursday.GBP/USDThe pound will have a boring trading week the composition of macroeconomic data is similar to that of the European Union. In the key zone 1.1950-1.20, there is a priority for sellers. There are not enough fundamental events for a confident upward reversal, but fresh information about upcoming strikes may cause speculative selling with targets below 1.10.USD/JPYTrading interest in the key zone 140 is shifted down, but large options in the 136.50 zone will be closed this week a strong rollback up is possible. The yen does not have its factors for active movement, so we are closely following the dollar.XTI/USDEU ban on imports by sea and the restriction of the price of Russian oil (after December 5) do not guarantee the reduction in the supply of raw materials and a steady increase in prices. So far, speculators have been accumulating volumes for purchases, but as soon as countries outside the G7 optimize new logistics, prices will fall again.Profits to yall!
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