16 Jan 22 (Sun)
08:12 pm
Weekly Technical Analysis For January 17th to 21st, 2022
Weekly Technical Analysis For January 17th to 21st, 2022 What To Watch For Trading This Week EUR/USD: US Inflation is surging as COVID-19 and the recovery from the pandemic has caused bottlenecks in the supply chain. US Consumer prices jumped 7% year-on-year in December, the largest gain since June 1982, the government said on Wednesday. The US producer price index for final demand increased 0.2% last month after surging 1.0% in November. Wholesale services prices rose 0.5%, accounting for the increase in the PPI. That followed a 0.9% jump...
02 Jan 22 (Sun)
06:57 pm
Weekly Technical Analysis For January 3rd to 7th, 2022
All Eyes Will Be On US Nonfarm Payrolls This Week EUR/USD: Last week, U.S. data released on Thursday showed that initial jobless claims fell to 198,000 last week, with the job market seemingly undented by the spread of the omicron COVID-19 variant. The data also said that the Chicago PMI was a higher-than-expected 63.1 for December. Global COVID-19 infections hit a record high over the past seven days but, comforted by data suggesting the virus may turn out to be milder than in previous waves, many governments have resisted imposing widespread new lockdown...
27 Dec 21 (Mon)
06:28 am
Weekly Technical Analysis For December 27th to 31st, 2021
What To Watch For Trading This Week EUR/USD: Last week, the US dollar was down versus the Euro, with investors towards riskier assets as fears of the omicron COVID-19 variant virulence continue to fade Last Wednesday, U.S. data released and it showed that the GDP grew 2.3% quarter-on-quarter in the third quarter of 2021. US Existing home sales were at 6.46 million for November and the Conference Board Consumer Confidence index was at 115.8 for December. Additionally, the US personal consumption expenditures price gauge, which the Federal Reserve uses for its 2% i...
19 Dec 21 (Sun)
03:35 pm
Weekly Technical Analysis For December 20th to 24th, 2021
Pay Attention To US GDP Numbers And PCE inflation EUR/USD: Last week, the Federal Reserve kept interest rates near zero, but said it would step up the tapering of bond purchases and signaled up to three rate hikes next year to curb elevated inflation. The committee said it would increase the taper of its bond purchases by $30 billion a month in January, double the $15 billion monthly pace announced in November. The Fed signaled its inflation target has been met, and its announcement on ending the bond purchases paved the way for three quarter-percentage-point intere...
14 Dec 21 (Tue)
04:03 am
Weekly Technical Analysis For December 13th to 17th, 2021
Get Ready For FED, ECB And BOE Rate Decisions This Week EUR/USD: Last week,US CPI for November printed near expectations at 0.8% m/m, 6.8% y/y. This is the highest reading in the headline CPI report since 1982. The market saw optimism in last week over the Omicron variant of the new coronavirus may not be as bad as feared. BioNTech and Pfizer said on Wednesday a three-shot course of their COVID-19 vaccine was able to neutralise the new Omicron variant in a laboratory test and they could deliver an Omicron-based vaccine in March 2022 if needed. Looking ahead, watch...
05 Dec 21 (Sun)
10:08 pm
Weekly Technical Analysis For December 6th to 10th, 2021
All Eyes Will Be On US CPI Inflation This Week EUR/USD: The continued spread of the Omicron coronavirus variant globally has buoyed safe-havens like the dollar and put pressure on riskier currencies over the past week. Last Friday, the Non-Farm Payrolls showed that the US economy added just 210,000 jobs in November, the unemployment rate dropped to 4.2%, its lowest since February 2020, and wages increased. Moreover, Fed Chairman Powell said the Fed will likely discuss a faster wind-down of its stimulus program in its meeting later this month, adding to spe...
