Weekly Outlook

Weekly Technical Analysis For October 4th to 8th, 2021

03 Oct 21 (Sun)
07:32 pm

Weekly Technical Analysis For October 4th to 8th, 2021

Get Ready For US Nonfarm Payrolls This Week EUR/USD: The US dollar began the last quarter of 2021 near its highest levels of the year and its best week since June, as currency markets braced for U.S. interest rates to rise before those of major peers. The expectations are raising for a tapering of Federal Reserve stimulus from November and a possible interest rate hike in late 2022.  Last week, the final revision of U.S. growth for the second quarter returned a surprise 0.1% increase over the prior reading of 6.6%.  Moreover, US Personal income in...

Weekly Technical Analysis For September 27th to October 1st, 2021

26 Sep 21 (Sun)
08:05 pm

Weekly Technical Analysis For September 27th to October 1st, 2021

Weekly Technical Analysis For September 27th to October 1st, 2021 Heads Up: The US GDP Growth Will Be Published This Week EUR/USD: The Federal Reserve said on Wednesday it will likely begin reducing its monthly bond purchases as soon as November and signaled interest rate increases may follow more quickly than expected as the U.S. central bank turn from pandemic crisis policies gains momentum FOCM Meeting showed that maintaining bond buying of $120 billion per month. Inflation levels are elevated on transitory factors. The economy has made...

Weekly Technical Analysis For September 20th to 24th, 2021

19 Sep 21 (Sun)
06:13 pm

Weekly Technical Analysis For September 20th to 24th, 2021

Pay Attention To The Fed Rate Decision This Week EUR/USD: Last week, the US dollar held three-week highs against a basket of major currencies after a raft of strong U.S. economic data rekindled expectations for earlier policy tightening by the U.S. Federal Reserve. U.S. retail sales unexpectedly increased in August, rising 0.7% from the previous month despite expectations of a 0.8% fall, while a business sentiment survey by the Philadelphia Fed also showed a big improvement. Moreover, Inflation in the US, as measured by the Consumer Price Index (CPI), edged lower to...

Weekly Technical Analysis For September 13th to 17h, 2021

12 Sep 21 (Sun)
06:43 pm

Weekly Technical Analysis For September 13th to 17h, 2021

Get Ready For US CPI Inflation This Week  EUR/USD: Last week, the European central bank kept its interest rate unchanged at 0%, it indicated it would slow the pace of purchases under its Pandemic Emergency Purchase Program in the fourth quarter of 2021. The US dollar was supported last week by cautious risk sentiment stemming in part from worries about the Delta variant. U.S. producer prices rising by 8.3 percent in August, their most in over a decade, as inflationary pressure grew unrelentingly in an economy trying to break out of the shackles of the coron...

Weekly Technical Analysis For September 6th to 10th, 2021

05 Sep 21 (Sun)
09:20 pm

Weekly Technical Analysis For September 6th to 10th, 2021

Focus On US PPI Inflation And ECB Meeting EUR/USD: Last Friday, US Labor Department reported that the economy added 235K jobs in August, falling far short of economists estimate of 750K. However, the unemployment rate fell to 5.2% from 5.4% in July and July job growth was revised sharply higher, pointing to underlying strength in the economy. Comments by Federal Reserve officials will be in focus after the disappointing August employment report in upcoming week. Looking ahead, we will closely watch the PPI inflation figures on Friday. PPI numbers are expect...

Weekly Technical Analysis For August 30th to September 2nd, 2021

29 Aug 21 (Sun)
05:24 pm

Weekly Technical Analysis For August 30th to September 2nd, 2021

Keep Your Eye On US Nonfarm Payrolls This Week EUR/USD: Federal Reserve Chair Jerome Powell said the central bank could begin reducing its monthly bond purchases this year, though it won’t be in a hurry to begin raising interest rates thereafter. Powell cautioned that a move to begin winding down the bond-buying program should not be interpreted as a sign that rate hikes would soon follow. Last week’s data showed that U.S. GDP grew 6.6% quarter-on-quarter, and the GDP price index grew 6.2% quarter-on-quarter, in the second quarter. Americans also filed a to...

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