This week will start stable after waiting for US and Canadian employment data on Friday at 9:30 am ET. The dollar managed to position itself before the close of the day last Friday. We would expect the market to sustain its dollar positions to make a final high against good employment data. Conversely, the market will take your earnings in dollars if the data does not show stable or better employment. Progressive inflation in the United States will not last and does not justify higher interest rates, Jerome Powell argued in the latest FOMC announcement. That narrowed the gap between what investors can expect to gain in the United States over Europe, thwarting the chances of a resurgent dollar and vindicating currency strategists. His statement finally managed to leave the euro at its highs and start the bet on the dollar.
Weekly Market Projections May 03 to 07. Contact us here!
EURUSD closed sell. Sell preference below 1.2010 to 1.1993. Below 1.1993 the sell pressure increases to 1.1970 and 1.1950. No buy possibilities. The major buyers bounces at 1.1990 and 1.1950.
GBPUSD closed sell. Sell preference at 1.3790 to 1.3777. Below 1.3770 the sell pressure would increase. Bullish bounces are expected between 1.3750.
USDJPY closed buy. Waiting for sell preference. Below the highs of 109.50 and 109.30 we prefer to wait for sell. Otherwise, above 109.50 there will be a price reversal to 109.70 and 110.0.
USDCAD closed in consolidation in the zone of lows. Preference waiting for buyers. Above 1.23 we expect the market to position itself as a buy. Without the minimum of sustained buys at the 1.23 levels, there is no buy scenario. Sell continue below 1.2260 up to 1.2250 and spreads.
USDCHF closed buy. Below the highs of 0.9120 and 0.9140 there is no sustained market, for now we expect possible sellers below 0.9130 to 0.9120. If the session opens buy for the dollar on Monday we would expect buy confirmation above 0.9140 to 0.9150 and 0.9170.
XAUUSD XAGUSD closed unchanged. Buyer preference for metallic commodities. Silver closed below 26.0 on Friday. We would expect confirmed buys on 26.0-26.20. Gold, closed below 1770.0. At the moment we expect buys above 1770.0 to 1775.0 above 1775.0, the buy pressure would increase to 1780.0
Bitcoin closed buy. Buyers preference over 57,000 to 58,000 and extensions.