25 Oct 20 (Sun)
06:52 pm
Weekly Technical Analysis For October 26th to 30th, 2020
Get Ready For ECB Interest Rate Decision And US GDP Number EUR/USD: The US Dollar fell versus the Euro as a disappointment over stimulus may not send investors rushing into the world reserve currency. U.S. President Donald Trump and Joe Biden participated in a restrained final presidential debate before the Nov. 3 presidential election. The final debate between the two presidential candidates was more restrained than...
11 Oct 20 (Sun)
05:26 pm
Weekly Technical Analysis For October 12th to 16th, 2020
All Eyes On US Inflation Numbers This Week EUR/USD: In the last week, FOMC Minutes showed that many participants noted that their economic outlook assumed additional fiscal support. With longer-term interest rates already very low, there did not appear to be a need for enhanced forward guidance at this juncture or much scope for forwarding guidance to put additional downward pressure on yields. Participants also noted that outcome...
04 Oct 20 (Sun)
06:37 pm
Weekly Technical Analysis For October 5th to 9th, 2020
Watch Out For FOMC Meeting Minutes This Week EUR/USD: Last Friday, the US Non-Farm Payroll report printed at +661K, well below the +900K reading expected. The US unemployment rate drops to 7.9% from 8.4%, but average hourly earnings came in at just +0.1% m/m versus +0.5% eyed President Donald Trump and First Lady Melania Trump have tested positive for Covid-19 last week. Trump’s condition is improving as he is being trea...
02 Oct 20 (Fri)
06:59 am
Pay Attention To U.S. Nonfarm Payrolls Today
Focus on US Non-Farm Payrolls today! The US Jobs Report will be released at 12:30 p.m. (GMT). Why Is This Important? The Non-Farm Payrolls track the change in the number of people employed by the US in manufacturing, construction, and goods companies. It does not include farming industry employment. The US Jobs Report is so important for the upcoming Fed decisions. President Donald Trump and First Lady Melania Trump have tested positive for Covid-19. We will begin our quarantine and recovery process immediately. We will get through this together, President Trump said. ...
27 Sep 20 (Sun)
08:41 pm
Weekly Technical Analysis For September 28th to October 2nd, 2020
A Busy Week For Trading: Watch Out For US Nonfarm Payrolls And US GDP Data EUR/USD: The US Dollar rose versus the Euro last week. The greenback was supported by weakness in the euro and the pound as the second wave of Covid-19 infection threatens further lockdowns in the EU and U.K. On the other hand, the US Commerce Department reported last week durable goods orders increased just 0.4% in August from the prior...
20 Sep 20 (Sun)
06:39 pm
Weekly Technical Analysis For September 21st to 25th, 2020
Keep Your Eye On Federal Reserve Chair Jerome Powell's Testify EUR/USD: Last week, the U.S. Federal Reserve’s decision is not to provide additional stimulus at its latest meeting. The Federal Reserve kept rates unchanged Wednesday and signaled that interest rates would stay close to zero at least through 2023, to support the economy's ongoing recovery. This was widely expected, but the central bank also lifted its gr...
