The week closed with good projections in the manufacturing and services sector for the euro zone. Germany, France and the United Kingdom presented a record in the month of May. This is due to the recovery in demand since the start of closures and blockades. Among the small minority of companies citing pessimistic expectations, this was primarily attributed to Brexit-related issues. Some also cited concerns about the prospect of lengthy international travel restrictions. Despite this, there was noticeable relief from concerns about future blockages and adverse effects. Private activity is resuming its course with a speedy recovery. Next week will be waiting for the GDP production data from the United States. On Thursday 27 it presents the preliminary GDP and it is estimated without variations. Even so, the dollar expects it to rise at its main crosses next week.
Market projections week 24 to 28 May. Click here for free online trading advice.
EURUSD closed seller. Sell preference for the opening of next Monday ideally from 1.2160 to 1.2150. Bullish bounces are expected at the cross in the price zone between 1.2130 and 1.2140. Possible change of strategy at those levels towards buys. We rule out buyer scenarios below 1.22.
GBPUSD closed seller. Sell preference for Monday’s open below 1.4150 to 1.4130. Buyers bounces are expected between 1.4130 and 1.4120. Within these levels we will have possible strategic changes to buy.
USDJPY buy preference at 109.0 to 109.15 and extensions.
USDCAD buy preference over 1.2050. From 1.2070 to 1.2090. Then we continue to buy only above 1.21. If not, let’s go to short strategies below 1.2090.
XAGUSD XAUUSD closed mixed. Gold remains on buy while silver remains for sell. In gold over 1880.0 the scenario is buy preference. Buys remain until 1885.0 and 1888.90. Silver remains sell. We will expect buys about 27.60 up to 27.80 and 28.0
Bitcoin closed lower. More sellers are expected up to 32,000 and 30,000. No buy strategies yet convenient.