Weekly Outlook

Weekly Technical Analysis For September 13th to 17h, 2021

12 Sep 21 (Sun)
06:43 pm

Weekly Technical Analysis For September 13th to 17h, 2021

Get Ready For US CPI Inflation This Week  EUR/USD: Last week, the European central bank kept its interest rate unchanged at 0%, it indicated it would slow the pace of purchases under its Pandemic Emergency Purchase Program in the fourth quarter of 2021. The US dollar was supported last week by cautious risk sentiment stemming in part from worries about the Delta variant. U.S. producer prices rising by 8.3 percent in August, their most in over a decade, as inflationary pressure grew unrelentingly in an economy trying to break out of the shackles of the coron...

Weekly Technical Analysis For September 6th to 10th, 2021

05 Sep 21 (Sun)
09:20 pm

Weekly Technical Analysis For September 6th to 10th, 2021

Focus On US PPI Inflation And ECB Meeting EUR/USD: Last Friday, US Labor Department reported that the economy added 235K jobs in August, falling far short of economists estimate of 750K. However, the unemployment rate fell to 5.2% from 5.4% in July and July job growth was revised sharply higher, pointing to underlying strength in the economy. Comments by Federal Reserve officials will be in focus after the disappointing August employment report in upcoming week. Looking ahead, we will closely watch the PPI inflation figures on Friday. PPI numbers are expect...

Weekly Technical Analysis For August 30th to September 2nd, 2021

29 Aug 21 (Sun)
05:24 pm

Weekly Technical Analysis For August 30th to September 2nd, 2021

Keep Your Eye On US Nonfarm Payrolls This Week EUR/USD: Federal Reserve Chair Jerome Powell said the central bank could begin reducing its monthly bond purchases this year, though it won’t be in a hurry to begin raising interest rates thereafter. Powell cautioned that a move to begin winding down the bond-buying program should not be interpreted as a sign that rate hikes would soon follow. Last week’s data showed that U.S. GDP grew 6.6% quarter-on-quarter, and the GDP price index grew 6.2% quarter-on-quarter, in the second quarter. Americans also filed a to...

Weekly Technical Analysis For August 23rd to 27th, 2021

22 Aug 21 (Sun)
07:46 pm

Weekly Technical Analysis For August 23rd to 27th, 2021

Get Ready For Jackson Hole Symposium This Week EUR/USD: The safe-haven U.S. dollar reached the 9-month high-level last week. The U.S currency is supported overall by concerns that the coronavirus Delta variant could derail global economic recovery just as central banks begin to reverse COVID-19 pandemic-related stimulus. US Dollar extended gains after U.S. Federal Reserve hinted that asset tapering could begin as soon as this year. Minutes of the Fed's July meeting, released on Wednesday, showed officials largely expect to reduce their monthly bond-buying later t...

Weekly Technical Analysis For August 9th to 13th, 2021

08 Aug 21 (Sun)
07:53 pm

Weekly Technical Analysis For August 9th to 13th, 2021

Focus On US CPI Inflation This Week  EUR/USD: Last Friday, July US non-farm payrolls printed 943K versus 870K estimate. US unemployment rate dropped to 5.4% versus the 5.7% estimate. US dollar showed an upward movement against all major currencies after a strong Jobs Report.  Dallas Fed President Richard Kaplan said that a gradual and bounced tapering should start soon. Concerns have been growing that the fast-spreading delta variant of the Covid-19 virus could hamper a global economic revival that is already showing pockets of weakness. US Pres....

Weekly Technical Analysis For August 2nd to 6th, 2021

01 Aug 21 (Sun)
06:03 pm

Weekly Technical Analysis For August 2nd to 6th, 2021

Heads Up: US Nonfarm Payrolls Will Be Published This Week EUR/USD: The US dollar fell to a one-month low last week after the U.S. Federal Reserve said the job market still had some ground to cover before it would be time to ease monetary stimulus. Fed Chairman Jerome Powell remarked that interest rate hikes are a ways away and that the job market still had some ground to cover before the central bank begins to taper its assets. St. Louis Federal Reserve President James Bullard said the Fed should start reducing its $120 billion in monthly bond purchases thi...

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