02 Aug 20 (Sun)
07:38 pm
Weekly Technical Analysis For August 3rd to 7th, 2020
Watch Out For The US Non-Farm Payrolls This Week EUR/USD: The Federal Reserve kept rates unchanged last Wednesday and pledged to keep the monetary spigot wide open until the economy has weathered the impact of the virus. Fed reiterated commitment to using a full range of tools to support the US economy. Fed also added that Economic activity, financial conditions, and employment has improved somewhat in recent months but still well...
26 Jul 20 (Sun)
05:49 pm
Weekly Technical Analysis For July 27th to 31st, 2020
Get Ready For Fed Interest Rate Decision This Week EUR/USD: EU summit closed with 750 billion Euros of the aid package last week. European leaders finally agree over 750 billion Euros of fiscal stimulus. After laborious talks of five days, policymakers of the bloc managed to the bifurcation of 360 billion of loans and 390 billion of grants as a part of the Recovery Fund. The Gold, Silver, and Euro surged after European l...
19 Jul 20 (Sun)
08:21 pm
Weekly Technical Analysis For July 20th to 25th, 2020
Weekly Technical Analysis For July 20th to 25th, 2020 What To Watch For Trading This Week EUR/USD: The Euro stayed strong against the US Dollar after the ECB Rate Decision last week. The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25%, and -0.50%,...
12 Jul 20 (Sun)
07:32 pm
Weekly Technical Analysis For July 13th To 17th, 2020
Pay Attention To US CPI inflation And ECB Rate Decision This Week EUR/USD: Investors have turned to the safe-haven asset as the COVID-19 cases surged last week, and dampened hopes of an economic recovery. U.S. Supreme Court ruling allowed prosecutors access to U.S. President Donald Trump’s financial record. The ruling dealt a blow to Trump’s battle to keep the details of his finances und...
06 Jul 20 (Mon)
05:49 am
Weekly Technical Analysis For July 6th to 10th, 2020
US Jobs Report Is Behind Us, What Is Next? EUR/USD: US Nonfarm Payrolls showed huge moves last week. The US economy produced a gain of 4.8 million jobs, beating the estimate of 3.03 million. The unemployment rate fell to 11.1%, down from 13.3% beforehand. At the same time wage growth remains an area of concern, as wages continue to fall. The US economy has shown signs of recovery, with gains in the past two releases. On...
29 Jun 20 (Mon)
06:46 am
Weekly Technical Analysis For June 29th to July 3rd, 2020
A Busy Week Ahead: Focus On US Non-Farm Payrolls And FOMC Meeting Minutes This Week EUR/USD: The pandemic cases are rising in California, Florida, and most of the other US states. Investors continue to worry about the surge in United States COVID-19 cases and the Fed’s warnings about the banks’ resilience are weighing on the market sentiment. In the latest report, IMF sees a global contraction of -4.9% vs -3.0% in the...
