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EUR/USD forecast: Dollar should survive before it thrives

EUUSD forecast: Dollar should survive before it thrives

Fundamental U.S. dollar forecast for today

Investors do not believe in the U.S. economy and sell off the U.S. dollar

When the U.S. economy looks like a bubble, the dollar can’t but fall. Investors have not been confused by the biggest rise of the U.S. manufacturing PMI since February 2019. The U.S. employment in the private sector added 165,000 jobs in July, sharply missing expectations of more than 1 million new jobs. The number of jobless claims, according to the experts polled by the Wall Street Journal, should continue rising. When people had money granted by the government, they spent it. Now, they have run out of money. Democrats and Republicans can’t reach an agreement on the extra financial aid package, and this is a big problem.

Dynamics of U.S. employment


Source: Wall Street Journal
The $600 unemployment boost expired on July 31. It will result in a sharp decline in household spending and a slowdown in the U.S. GDP recovery. In the middle of summer, over 12 million people received benefits, which allowed them to pay rent, utilities, auto, and other loans. Now, financial aid has finished, and the debts continue growing.
The unemployment benefits, supporting consumer spending, is only the tip of the iceberg. The US labor market is weak, which kills the hope for the V-shaped GDP rebound. According to the poll of the National Federation of Independent Business, about 20% of firms plan to lay off workers after using the loans from the Paycheck Protection Program. According to Cornell University, one in four workers, recruited back through the program, received a notice that they could be fired again.
The grim outlook of the U.S. economy contrasts with the confidence in a soon rebound of the euro-area GDP, which is signaled by the euro-area PMI report, which is stronger than the flash data.

Dynamics of euro-area PMIs


Source: Bloomberg
According to the Societe Generale, there is no doubt the dollar has made a cyclical turn now and should continue falling amid the current Fed’s monetary policy stance and the outlook for the U.S. growth over the next few years. 33 of 62 experts surveyed by Reuters said the USD bear trend would continue for at least another six months. 15 analysts, said it would be less than six months. While 11 said it would be less than three months, just three respondents said it was already over. The consensus view suggests the EUUSD will be trading at 1.18 in August 2021, which is the highest in a year.
In my opinion, the market is too fast. It starts pricing the weak data on the U.S. nonfarm payrolls in July. As a result, volatility risks are growing. The euro could grow first, and, next, it could fall even faster, as big traders should be exiting longs. However, we should see the publication of the U.S. jobless claims data, which can push the EUUSD up above 1.192. I recommend holding the long positions opened at level 1.173 and preparing for exiting a part of trades.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/eurusd-forecast-dollar-should-survive-before-it-thrives/?uid=285861726&cid=79634
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Your AM Global Stocks Preview and a whole lot more news that you need to read: Global stocks are dropping following economic contraction in two of the world’s largest economies

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HOW TO TRADE CRYPTOCURRENCY: BITCOIN AND ETHEREUM CFD’S ON THE FOREX MARKET

Cryptocurrency Trading is easier than you think, and OctaFX provides a range of tools to make a profit from cryptocurrency into a reality.
If you have any interest in trading and investment at all, it would be hard to miss that cryptocurrency tradingis the hottest ticket in the market at the moment. Cryptocurrencies such as Bitcoin, Ethereum, Litecoin and many others have excited investors with the possibility of substantial profits and a completely new way of thinking about what a currency is and how it works.
What Exactly is a Cryptocurrency? Oddly enough, the first cryptocurrency, Bitcoin, didn’t start off to create a whole new way of thinking about currency, but as a technology to prevent the same amount of regular electronic cash being sent twice to two different people.
The process of validating transactions to prevent this, via a system known as a blockchain, became known as mining, as those doing the validating received Bitcoins as a reward for validating traditional electronic transactions. These coins soon took on a value of their own, and have now become a trading juggernaut.
What Do You Need to Know About Trading Cryptocurrency? Trading cryptocurrencies don’t require any specialist knowledge, and in fact, it’s not all that different to trading in Forex, commodities or many other markets. Despite its unusual nature, crypto still rises and falls like any other market, and is still subject to predictable external factors in a way that gives you the opportunity to make substantial profits.
It’s especially easy to get into crypto with OctaFX because you can trade Bitcoin, Ethereum and Litecoin in MetaTrader 4 and 5, alongside Forex and commodities. You needn’t rely on guesswork to predict which cryptocurrencies are worth investing in and which aren’t, as our free Trading Signals plugin offers detailed technical analysis and some of the best crypto price predictions in the market.
Low Costs and Buying Power A sensible approach to any sort of investment is to minimize initial outlay to maximize the potential for profit, especially one so volatile as investing in cryptocurrency. OctaFX will set you up well in this regard, by offering some of the lowest spreads in the business, and the opportunity to trade micro-lots as small as 0.01 lot, so you don’t need a huge initial outlay to profit from Bitcoin, Litecoin or Ethereum.
OctaFX will also provide you with added muscle for your crypto trades with free leverage to maximize your profit potential, and there’s no commission to be paid for trading volume, and no deposit or withdrawal fees.
Don’t Miss the Perfect Moment When investing in something quite so volatile as a cryptocurrency, maximizing your profits relies on buying and selling with pinpoint accuracy, at the second the market offers the most potential. OctaFX will allow you to do this thanks to some of the fastest execution on the market.
Buy and sell for the price you see, with no delays, and make deposits and withdrawals instantly. Both fiat currencies and Bitcoin are accepted, without commission or delay, and the process is smooth and completely straightforward. OctaFX also maintains an excellent record of minimizing slippage, with 97.5% of all orders completed without any slippage at all.
How to Predict the Biggest Cryptocurrencies’ Price? So now you’re fully briefed on trading cryptocurrencies, maybe you’d like to know a bit more about the currencies themselves. Three of the biggest, most volatile and most exciting are Bitcoin, Ethereum, and Litecoin.
BITCOIN – THE DIGITAL GOLD Bitcoin is the first digital currency, created back in 2009. The main difference from traditional currencies (EUR, USD, JPY, etc) is that transactions are decentralized, highly secure, and what’s more, completely private. Bitcoin is one of the most volatile, discussed and popular instruments among cryptocurrencies.
Bitcoin trading mainly happens on news, for example, a bullish trend before Bitcoin forks (this is the separation of Bitcoin when cryptocurrency owners get part of a new crypto). A bearish trend is usually seen after news regarding the ban of Bitcoin in some countries (China, for example). Bitcoin can be easily predicted using technical analysis figures, making your trading more profitable. Bitcoin is the most profitable instrument for trading in USD.
Right now, the leverage for Bitcoin and other cryptocurrencies at OctaFX is set to 1:2, which is more than enough considering the high volatility of that instrument. Apart from that, you also can trade Bitcoin in micro lots (0.01) which allows planning your trading budget effectively. OctaFX sets the amount of 1 lot to 1 Bitcoin, which is comparatively low and requires less investment.
ETHEREUM – INVEST IN THE FUTURE Ethereum is the second most interesting instrument to trade in USD. Nowadays there are more and more ways to buy Ethereum for fiat without changing it into Bitcoins. That means that the price of Ethereum is now less dependent on the Bitcoin price compared to other cryptocurrencies. It can be considered an independent instrument.
Ethereum is a system to support smart contract technologies to invest in the ICOs of new start-up companies. The more start-ups are interested in Ethereum – the more expensive it becomes.
To analyze the price of the Ethereum it’s wise to research how many ICO contracts are about to be issued in exchange for Ethereum. Compare results with existing data – the more contracts, the higher the price. It’s also good to pay attention to news about other cryptocurrencies supporting ICOs and competing with Ethereum. The most important competitors are Waves and Bitshares. Technical analysis figures work well with Ethereum too.
Combining that information with the Ethereum’s volatility of the last few months, Ethereum can sometimes lead to more profit than with Bitcoin.
LITECOIN – CRYPTO SILVER Litecoin was first issued in 2011 and is quite similar to Bitcoin. If Bitcoin can be defined as the ‘gold’ of today’s cryptocurrencies, this makes Litecoin the ‘silver’.
Litecoin provides secure and fast transactions inside the blockchain, with the ability to purchase goods on the internet. The main difference from Bitcoin (and the central benefit of Litecoin) is the capability of processing much higher volumes in one transaction. While Bitcoin can only have up to 21 million coins, Litecoin offers four times as many – 84 million.
The Litecoin price now greatly depends on Bitcoin. That makes it possible to use the Pairs trading strategy with Bitcoin as the main currency to successfully forecast Litecoin changes.
One lot at OctaFX equals 100 Litecoin.
There’s currently a lot of talk around cryptocurrencies – some predict a fast rise and a dramatic fall, while others are confident that they are the currency of the future.
Sounds interesting? You can keep reading the hottest news and best articles on cryptocurrency, but you’ll get much closer to understanding how it works by cryptocurrency trading. So what are you waiting for? Start getting profit from crypto right now!
https://www.fxempire.com/news/article/trade-cryptocurrency-bitcoin-ethereum-cfds-forex-market-485383
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EUR/USD and GBP/USD Forecast October 21, 2019 - YouTube US Dollar Breaking – GBP/USD, EUR/USD Charts for Next Week & More Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD (December 16 - 20, 2019) EUR/USD Technical Analysis for November 01, 2019 by FXEmpire Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, NZDUSD ... EUR/USD Price Analysis: Rising bets for a test of 1.1400 and beyond EUR/USD Technical Analysis for April 08, 2020 by FXEmpire

In the section you will find technical analysis of EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/JPY, NZD/USD, USD/CAD, USD/RUB, as well as trade signals and recommendations on the current market situation. Forex forecasts for today, tomorrow, every day is updated daily, subscribe to news and get FOREX forecasts currency pairs for your mail every day. EUR USD forecast for tomorrow, this week and month. Euro Dollar converter. Dollar to Euro and Euro to Dollar exchange rate and forecast. The forecast in tables by day: Monday, Tuesday, Wednesday, Thursday and Friday. EURO TO DOLLAR FORECAST FOR TOMORROW, WEEK AND MONTH. 2020/11/12. EUR TO USD TODAY. Current EUR to USD exchange rate equal to 1.1808 Dollars per 1 Euro. Today's range: 1.1806-1 ... EUR/USD Price Forecast – Euro Shows Negativity The Euro initially tried to rally on Wednesday, but then broke down towards the 50 day EMA. This is a continuation of the overall consolidation range. EUR/USD Price Forecast: Here's What To Expect Today Investing.com UK 14:56 EUR/USD: Upside remains capped by 1.1820 ahead of ECB Forum FXstreet 14:50 EUR/USD Price Forecast – Euro Bounces From 50 Day EMA FX Empire 14:48 EUR/USD Analysis and Forecast for today, tomorrow, week. This section includes EUR/USD daily forecasts for today and tomorrow. Professional forecasts from private traders, leading experts and analysts of Forex brokers. We are selecting only the high quality forecasts of the main currency pair of Forex market (euro dollar) with the highlight to their simplicity and plainness. It’s vital for ... EUR USD Forecast takes into account such matters and includes them in the predictions. EUR USD Forecast Takes Time. When it comes to making predictions, especially for major currency pairs like the eur usd forecast, time is significant. Since there is a lot to look at, we try to narrow everything down and focus on the most critical parts of it all. Euro Forecast: Performance after US Elections, COVID-19 Vaccine is a Bad Omen for EUR/JPY, EUR/USD 2020-11-11 15:00:00 US Dollar Cycle Analysis: Implications for DXY, EUR/USD, AUD/USD The EUR/USD pair extended its weekly decline to 1.1745, to stabilize in the 1.1770 price zone during American trading hours, as volatility shrank due EUR/USD recovers modestly after dropping to ... EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since May 18, 2020 when EUR/USD traded near 1.09. 2020-11-02 12:23:00 EUR/USD Weekly Forecast: Biden knocking on White House’s doors, covid out of control The EUR/USD pair hit a two-month high of 1.1919 this week but ends it in the red a handful of pips above the ...

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EUR/USD and GBP/USD Forecast October 21, 2019 - YouTube

Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, AUDUSD, and XAUUSD through December 20, 2019. Watch this video before trading these currency ... EUR/USD Price Analysis: Rising bets for a test of 1.1400 and beyond www.ntvforex.com/news/?id=224d66 24 minutes ago By Pablo Piovano EUR/USD managed to v... - EUR/USD Forecast November 01, 2019, Technical Analysis. Find more information about Forex and Commodities News (https: ... Future Direction Hinges on Current Range Forex Strategy for Oct . 29 ... For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore... Find more information about Forex and Commodities News (https: ... Weekly Forex Forecast And Analysis - BEST Upcoming Trades - EUR/USD, AUD/USD And Gold (XAU/USD) - Duration: 15:51. 1% FX Capital ... In today’s session, we discussed the precarious positioning of USD as the year nears an end, Cable’s big jump on the election results and the Euro’s upside potential. -Subscribe to DailyFX ... Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, NZDUSD, and USDCAD through June 12, 2020. Watch this ...

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