Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 24 – 28 July 2017

First, a review of last week’s forecast:

 

– The main view on EUR/USD was that it would break through1.1500 and grow to the 2016 high at 1.1615. The next target would then be the maximum of August 2015: 1.1715. The main impetus for the pair’s upswing was given by the head of the ECB Mario Draghi, who said on Thursday that the euro zone stimulus program (QE) will not end and will remain unchanged. Against the background of these comments, the euro’s exchange rate against the dollar jumped by 0.5%, and the pair reached the height of 1.1680 by the end of the week session;

– As for GBP/USD, the forecast ended up being 100%. Accurate. Recall that the vast majority of experts, supported by one third of oscillators, were confident that the upward impulse of the pair had dried up, and it was expected to decline first to 1.3000, and then even lower. As a result, the pair dropped to 1.2930, then rebounded and finished the week at the level of 1.2994;

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موجز لأهم الأخبار و الأحداث العالمية في الأسبوع المنصرم

أظهرت البيانات الصادرة هذا الأسبوع نمو الاقتصاد الصيني بأكثر من المتوقع خلال الربع الثاني من العام الجاري، حيث ارتفع الناتج المحلي الإجمالي للبلاد بنسبة 6.9%. التاريخ الحدث ملاحظات الاثنين 17 يوليو نمو الاقتصاد الصيني بأكثر من المتوقع خلال الربع الثاني نما الاقتصاد الصيني بأكثر من المتوقع خلال الربع الثاني مما يشير إلى أن جهود بكين […]

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الأسهم الأمريكية تغلق على انخفاض هامشي..و”داو جونز” يسجل خسائر أسبوعية

تراجعت مؤشرات الأسهم الأمريكية خلال تداولات الجمعة متأثرة بقطاع الطاقة تزامنا مع انخفاض أسعار النفط بالإضافة إلى صدور نتائج أعمال فصلية مخيبة للآمال.   وانخفض مؤشر “داو جونز” الصناعي 31 نقطة إلى 21580 نقطة، كما تراجع مؤشر “ناسداك” (- نقطتين) إلى 6387 نقطة، بينما انخفض مؤشر “S&P 500” القياسي (- نقطة واحدة) إلى 2472 نقطة. […]

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“نايمكس” يغلق أدنى 46 دولاراً على خلفية ارتفاع متوقع لإمدادات “أوبك”

انخفضت أسعار النفط خلال تداولات الجمعة، متخلية عن مكاسبها الأسبوعية، وذلك عقب إشارة بيانات صادرة عن إحدى الشركات التي تتبع نشاط ناقلات النفط إلى أن حجم المعروض من جانب “أوبك” آخذ في الارتفاع. وذكرت “رويترز” نقلاً عن بيانات شركة “بترو لوجيستك” أن إمدادات “أوبك” النفطية في طريقها للارتفاع خلال شهر يوليو/تموز بمقدار 145 ألف برميل/يومياً […]

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انخفاض عدد منصات التنقيب عن النفط في أمريكا هامشيا بعد أسبوعين من الارتفاع

تراجع عدد منصات التنقيب عن النفط الخام في الولايات المتحدة خلال الأسبوع الجاري منصة واحدة إلى 764 منصة، وفقا لبيانات “بيكر هيوز” (BHI.N) الصادرة اليوم.   وانخفض أيضاً عدد منصات التنقيب عن الغاز منصة واحدة إلى 186 خلال الأسبوع المنتهي في الحادي والعشرين من يوليو/تموز مقارنةً مع 88 منصة في الفترة نفسها من عام 2016. منصات التنقيب عن […]

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الذهب يسجل أعلى إغلاق في شهر ويحقق مكاسب أسبوعية

ارتفعت أسعار الذهب خلال تداولات الجمعة للجلسة السادسة على التوالي بدعم من انتعاش الطلب على المعدن النفيس كملاذ آمن في مواجهة الاضطرابات بالبيت الأبيض وتراجع الدولار مقابل أغلب العملات الرئيسية.   وارتفعت العقود الآجلة للذهب تسليم أغسطس/آب عند التسوية بنسبة 0.8% أو 9.40 دولار إلى 1254.90 دولار للأوقية، وهو أعلى إغلاق في أربعة أسابيع، وحقق […]

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Treasuries Move Higher Amid Drop In The Value Of The Dollar

Treasuries showed a notable move to the upside during trading on Friday after closing nearly flat for two straight days.

Bond prices moved higher in morning trading and remained firmly positive throughout the afternoon. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 3.4 basis points to 2.232 percent.

The decrease extended a recent downward trend by the ten-year yield, which fell to its lowest closing level in over three weeks.

Treasuries benefited from continued weakness in the value of the U.S., which fell to a nearly two-year low against the euro.

Political concerns contributed to the dollar’s slide this week as well as the interpretation of comments from European Central Bank Chief Mario Draghi.

Overall trading activity was somewhat subdued, however, with a lack of major U.S. economic data keeping some traders on the sidelines.

The Federal Reserve is likely to be in focus next week, with the central bank due to announce its latest monetary policy decision next Wednesday.

While the Fed is widely expected to leave interest rates unchanged, traders will pay close attention to the accompanying statement.

Economic data may also attract attention next week, with traders likely to keep an eye on reports on new and existing home sales, durable goods orders, consumer confidence and second quarter GDP.

The material has been provided by InstaForex Company – www.instaforex.com

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Crude Oil Rally Ends With A Thud

Crude oil futures tumbled Friday, giving back strong gains from earlier in the week amid concerns that next week’s OPEC meeting will fail to address the global supply glut.

Sept. WTI oil settles at $45.77/bbl, down $1.15, or 2.5%, on Nymex. Prices were down 2.1% for the week, tumbling from a 6-week high set Wednesday.

Reports suggest Saudi Arabia will insist on compliance from Libya and Nigeria, the two OPEC nations that have been thus far exempt from supply cuts.

Meanwhile, the U.S. rig count from Baker Hughes is due this afternoon, and may confirm U.S. production is finally slowing down due to stubbornly low oil prices.

The material has been provided by InstaForex Company – www.instaforex.com

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Dollar Sinks To Near 2-Year Low Against Euro

The dollar is losing ground against all of its major rivals Friday afternoon. The buck has been sinking against both the Euro and the Japanese Yen for the majority of the week and has now reached nearly a 2-year low against the Euro.

Political concerns have contributed to the dollar’s slide this week, as well as hawkish comments from European Central Bank Chief Mario Draghi, suggesting a possible policy tweak.

U.S. special counsel Robert Mueller is reportedly expanding the Russia probe to include Trump’s business transactions stoked worries about economic agenda.

Media reports suggested that Muller is examining a broad range of transactions involving Trump’s businesses as well as those of his associates.

Investigators are looking at Russian purchases of apartments in Trump buildings, Trump’s involvement in a controversial SoHo development with Russian associates, the 2013 Miss Universe pageant in Moscow and Trump’s sale of a Florida mansion to a Russian oligarch in 2008, according to the reports.

The International Monetary Fund on Thursday approved “in principle” a new loan worth $1.8 billion to Greece.

However, the arrangement has been approved in principle, which means it will become effective only after IMF receives specific and credible assurances from Greece’s European partners to ensure debt sustainability.

Further, a second executive board decision is needed to make the arrangement effective.

Greece’s debt remains unsustainable, the IMF noted. In the medium term, Athens needs to achieve primary surplus target of 3.5 percent of GDP.
The dollar has tumbled to a nearly 23-month low of $1.1675 against the Euro Friday afternoon, from an early high of $1.1618.

The buck rose to an early high of $1.2952 against the pound sterling Friday, but has since eased back to around $1.30.

The UK budget deficit widened more-than-expected in June as debt interest increased notably after inflation lifted the cost of index-linked bonds.

Public sector net borrowing, excluding interventions, increased by GBP 2.0 billion from a year ago to GBP 6.9 billion in June, data from the Office for National Statistics showed Friday. The expected figure was GBP 4.9 billion.

The greenback has dropped to nearly a 1-month low of Y111.125 against the Japanese Yen this afternoon, from an early high of Y112.077.

The material has been provided by InstaForex Company – www.instaforex.com

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Gold Jumps 2% This Week, At Monthly Peak

Gold futures continued to rise Friday, extending weekly gains as stocks languished. With risk aversion picking up, gold has jumped to highest in more than a month due to its safe haven appeal

August gold climbed $9.40, or 0.8%, to settle at $1,254.90/oz, having picked up 2% this week. Silver has also rallied, fighting back from yearly lows over the past two weeks.

Commodities were boosted this month by a weaker U.S. dollar. The greenback has dropped sharply this summer amid renewed speculation the Federal Reserve will keep interest rates on hold until at least December.

The material has been provided by InstaForex Company – www.instaforex.com

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