Weekly Overview on Market

  1️⃣ The main news over the weekend

 Democrats pave the way for Biden's $ 1.9 trillion COVID-19 rescue plan.

 - Biden: It can take 10 years to fully restore employment to current rates and needs an emergency relief plan.

 - US Treasury Secretary Yellen: Without strong relief measures, the economic recovery will be long and slow.

 - Lower-than-expected "non-farm" data.  The unemployment rate dropped to a record low for nearly a year.

 The AstraZeneca vaccine has limited effectiveness against the new South African variant of the coronavirus.

 Nigeria, the world's second-largest bitcoin market, bans cryptocurrency trading.

 - Germany plans to expand the blockade.

 - Bank of England Governor Bailey: Expect a boom in consumption after the blockade is lifted.

 2️⃣ Notable facts and data this week

 This week investors should pay attention to the speeches of several central bank officials:

 * On Tuesday, the President of the European Central Bank Lagarde joined the European Parliament's debate over the European Central Bank's 2019 Annual Report.

 * On Wednesday, Lagarde took part in a webinar on news figures organized by The Economist.

 * On Thursday, Fed Chairman Powell delivered a speech at an online event hosted by the Economic Club of New York.

 * From Wednesday to Thursday, the three major organizations EIA, IEA, and OPEC will release their monthly reports, if the report shows that the oil market is optimistic it may boost oil prices further.

Short Term Stock Tips

Key Point for Forex Trader You Need Know

 

[Monthly Review] January is over. Let the fun begin

The level of market prices is influenced continuously by worldwide political and economic news. We suggest reviewing those that had the most significant impact on the financial markets in January.

The key headlines:

1.The inauguration of the 46th President of the USA Joe Biden

2.The ECB and the FED rate decisions

3.U.S. earnings report season

4.The rollout of vaccination in the U.K. and Europe

5.Bitcoin's historical price records

U.S. President Biden urged Congress to take immediate action on his 1.9 trillion dollar COVID-19 relief proposal

For More Information Join Us On WhatsApp ✆ – +601548770298

Telegram Channel Link - https://t.me/moneyliferesearch

               Forex Trading Signals

Monthly Overview on Oil

Monthly change: XBRUSD -3.15%

Oil prices rose in January due to the U.S. oil inventories continuing to descend towards the five-year average. The rebalancing of the oil market continues despite the rising coronavirus cases since late 2020. According to the U.S. Energy Information Administration, inventories have fallen in 24 of the last 30 weeks. As a result, oil reserves are now 6% higher than the pre-pandemic average for the five-year 2015-2019 period compared with a surplus of 14% at the end of June.

The XBRUSD pair has traded in the price range of 54.80 and 56.04 for the last two weeks and declined on Friday. Investors have concerns about lockdowns in Europe, which could hinder demand recovery caused the decline.

The bullish trend is prevailing in the oil market, but it needs more triggers to continue growth. Perhaps it will be the decision of OPEC+ quotas on 3 February. 

 For More Information Join Us On WhatsApp ✆ – +601548770298

Telegram Channel Link -  https://t.me/freexauusdgoldsignals 

Technical Gold Overview February 1 to 5, 2021:

 + Gold this new week, the goal at the beginning of the week is a sell soup, everyone.  Close so last weekend was a withdrawal candle, showing that the sellers were still dominant.  Gold is likely to head towards lower milestones like 1800-1810.

 You should watch Sell this week.  Buy bottom positions should set SL short.  because if the price breaks through the psychological resistance of 1800. it is likely that the price will continue to fall deeply.

 + Our prediction is that the price will be 1800-1810 in the first days of the week, then there will be a slight recovery.  In my opinion next week the price will be difficult to move up because the sellers seem to have the upper hand.

+ My recommendation is the mainstream SELL soup.  with the following level: 1825 1810 1800

 ===> HAPPY TRADING NEW WEEK, NEW MONTH SUCCESSFUL !!!

For getting a proper signal for XAUUSD GOLD with the entry-level, target, and stop-loss level subscribe to our paid signal services.

Comex Trading Signals