17 Nov 19 (Sun)
07:55 pm
Weekly Technical Analysis For November, 18th to 22nd, 2019
Coming Up: FOMC And ECB Meeting Minutes! EUR/USD: In last week's congressional testimony, Federal Reserve Chair Powell made clear that there would be no further cuts to U.S. interest rates barring a major deterioration in the economy. Powell said that while the economy is on track right now, there are risks to the current economic expansion. The market also got fresh US-China trade hope despite no new details on ta...
10 Nov 19 (Sun)
05:22 pm
Weekly Technical Analysis For November 11th to 15th, 2019
Keep Your Eye On Inflation Numbers From US And Eurozone This Week EUR/USD: The EURUSD pair found sellers from the 1.1165 daily resistance level and then showed a downward movement last week. The US Dollar rose versus the Euro as it advanced on hopes for an improving US trade outlook despite persisting Federal Reserve interest rate cut bets. The euro has also traded weaker after the European Commission’s forecast reflecte...
03 Nov 19 (Sun)
06:19 pm
Weekly Technical Analysis For November 4th to 8th, 2019
The Fed Decision And US Non-Farm Payrolls Data Are Behind Us, What Is Next? EUR/USD: We received a strong US Non-Farm Payrolls data last Friday. The US Nonfarm Payrolls in October increased by 128K following September's reading of 180K (revised from 136K) and came in stronger than the market expectation of 89K. The unemployment rate ticked up to 3.6% in October as expected. Annual wage inflation, as measured by average hourl...
27 Oct 19 (Sun)
05:19 pm
Weekly Technical Analysis For October 28th to November 1st, 2019
A Busy Week Ahead: Watch Out For The Fed Rate Decision And NFP! EUR/USD: The EURUSD pair showed a downward movement last week after the ECB Rate Decision. The European Central Bank left monetary policy unchanged on Thursday after unveiling a big stimulus package last month, but there are concerns the ECB's firepower has largely been spent. The meeting was the final monetary policy meeting for Draghi. Christine Lagarde as the next Pre...
20 Oct 19 (Sun)
07:29 pm
Weekly Technical Analysis For October 21st to 25th, 2019
The Brexit Turmoil Continues And A Focus On The ECB Rate Decision! EUR/USD: US Dollar eased versus the Euro last week after the US retail sales report for September was weaker than expected. Headline retail sales fell 0.3% while core retail sales fell 0.1%, missing estimates. The single currency reached its strongest level in seven weeks after the U.K. and the European Union reached a deal on Brexit However, the...
13 Oct 19 (Sun)
06:40 pm
Weekly Technical Analysis For October 14th to 18th, 2019
Pay Attention To US Retail Sales And Eurozone CPI Inflation This Week EUR/USD: The US Dollar fell versus the Euro last week after US Consumer Prices rose less than expected in September, increasing the chances of the Federal Reserve cutting rates before the end of the year. The US Consumer Price Index stayed unchanged at 1.7% on a yearly basis to miss the market expectation of 1.8%. The core CPI, which excludes volatile food and...
