20 Jun 21 (Sun)
What To Watch For Trading This Week EUR/USD: The US dollar rose to its highest level in two months versus major peers after the Federal Reserve unexpectedly brought forward its projections for interest rate hikes into 2023. U.S. Federal Reserve was taking a more hawkish stance than expected and planning for two interest rate increases of 25 basis points in 2023, a year earlier than expected. Additionally, Fed Chair Powell indicated that the members of the FOMC had begun the conversation on stopping the bank’s massive bond-buying program. In the upcoming we...
13 Jun 21 (Sun)
Keep Your Eye On The Fed Rate Decision This Week EUR/USD: Last week, ECB left key rates unchanged in May monetary policy meeting, as expected. The European Central Bank raised its growth and inflation outlooks on Thursday but promised to keep ample stimulus flowing, fearing that a retreat now would accelerate a worrisome rise in borrowing costs and choke off recovery. The US inflation data showed last week that consumer prices up 5% year-on-year, the sharpest rise in more than a dozen years and core inflation surging 0.7% in a month Looking ahead, pay attention to the Fed Monetary...
06 Jun 21 (Sun)
A Busy Week Ahead, Focus On US CPI Inflation And ECB Meeting EUR/USD: Last Friday’s data showed that US Nonfarm payrolls increased by 559K last month after a revised 278K gain in April. The jobless rate dropped to 5.8% from 6.1%.US Dollar was under pressure after the disappointing payrolls print. U.S. Treasury Secretary Yellen urged other countries to keep up spending to support their economies even as the COVID-19 pandemic wanes, and said U.S. inflation this year would be elevated but transitory. Looking ahead, we will closely watch the CPI inflation figures on Thursday. Consumer prices ar...
30 May 21 (Sun)
Weekly Technical Analysis For May 31st to June 4th, 2021 Get Ready For US Nonfarm Payrolls This Week EUR/USD: US Dollar showed a downward movement versus the major currencies last week as the Federal Reserve's insistence that stimulus will continue kept yields low. Softer-than-expected U.S. data and fresh insistence from Federal Reserve officials that policy would stay on hold allayed investor fears about inflation forcing interest rates higher. Moreover, the U.S. GDP increased by 6.4% quarter-on-quarter during the first quart...
25 May 21 (Tue)
Focus On US GDP Growth And Core Durable Goods Orders This Week EUR/USD: The US Dollar was under pressure last week. The minutes from the Federal Reserve last policy meeting revealed there was more talk of tapering its bond purchases than investors had expected. Additionally U.S. dollars pulled back from lower Treasury yields to the rally in stocks and weaker existing home sales, but when they compared the consistent improvements in Markit Economics’ U.S This week's calendar features U.S. data Pending Home Sales, Gross Domestic Product, and Crude Oil Inventories as well as Core Durable G...
16 May 21 (Sun)
Get Ready For FOMC Meeting Minutes This Week EUR/USD: Last week, the US CPI inflation rose 4.2% in April from a year ago, well above consensus forecasts for 3.6% and climbing to its highest rate since the eve of the 2008 financial crisis. Additionally, the US Producer Price Index increased 0.6% in April after surging 1.0% in March. The annual figure shot up 6.2%, the biggest year-on-year rise since the series was revamped in...
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