19.12.2022 17:11

Target levels and forecast for the week 19.12. 23.12.

Dear Clients and Partners!

Target levels and forecast for the week 19.12.  23.12.Recall the fundamental events that you need to pay attention to (GMT 0 time):Tue, 20AUD: RBA Meeting Minutes (00:30)CNY: PBoC Loan Prime Rate (01:15)JPY: BoJ Interest Rate Decision (03:00)NZD: GlobalDairyTrade Price Index (14:30)USD: API Weekly Crude Oil Stock (21:30)Wed, 21USD: Crude Oil Inventories (+Cushing) (15:30)Thu, 22GBP: GDP (07:00)USD: GDP, GDP Price Index, Initial Jobless Claims (13:30)JPY: National Core CPI (23:30): Monetary Policy Meeting Minutes (23:50)Fri. 23Christmas  Holiday  Early closing of stock exchanges USD: Core Durable Goods Orders, PCE, Core PCE Price Index (13:30)For more news  see Economic Calendar.We remind you that this week there are only three full-fledged trading days, the decrease in trading volumes begins on Wednesday. Large options closed on Friday, but some will be fixed today and tomorrow. We do not recommend opening new positions.EUR/USDThe fundamental background is weak, and speculation on information from the ECB is over. Balance of volumes is shifted to the sales zone, but sharp movements are unlikely.GBP/USDOn Thursday, the report on GDP for the third quarter in the final estimate will be published. Traders are waiting for a drop of 0.2% q/q, which is not so bad. If there is no serious deviation from the forecast, then there will be no reaction.USD/JPYAs a result of the BOJ meeting, speculators can remove the large StopLoss of bears in the zone above 138.50, but the downward trend remains.XTI/USDIt is categorically not recommended to open new sales  we are waiting for a strong technical correction and the removal of StopLoss above the 77.50-80.00 zone. There are no fundamental factors for a reversal upwards.Profits to yall!#EURUSD #GBPUSD #USDJPY #XTIUSD #Profits #ForexChief #forexsignals #MarketFocus #forexnews #Stock #StopLoss #EconomicCalendar #worldnews #forexmarket #ECB

Sincerely yours,
ForexChief Team