Weekly Outlook

Weekly Technical Analysis For January 18th To 22nd, 2021

17 Jan 21 (Sun)
05:09 pm

Weekly Technical Analysis For January 18th To 22nd, 2021

Focus On ECB Rate Decision And Eurozone CPI Inflation This Week EUR/USD:  Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 0.4% in December from 0.2% in November, the report published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the CPI edged higher to 1.4% and came in higher than the market expectation of 1.3%. Moreover, Annual Core PPI edged...

Weekly Technical Analysis For January 11th to 15th, 2021

10 Jan 21 (Sun)
06:51 pm

Weekly Technical Analysis For January 11th to 15th, 2021

Keep Your Eye On US Inflation Data This Week EUR/USD: The US Jobs Report was a disappointing read throughout last week. Nonfarm Payrolls (NFP) in the US fell by 140,000 in December. This reading followed November's increase of 336,000 (revised from 245,000) and missed the market expectation of +71,000 by a wide margin. Further details of the publication revealed that the Unemployment Rate stayed unchanged at 6.7% a...

Watch Out For The US Jobs Report Today

08 Jan 21 (Fri)
07:21 am

Watch Out For The US Jobs Report Today

Focus on US Non-Farm Payrolls today! The US Jobs Report will be released at 13:30 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. In the US, Democrats won effective control of the Senate this week, giving President-elect Joe Biden scope to push through more spending, which might be negative for bonds and the dollar. Yesterday, as...

Weekly Technical Analysis For January 4th to 8th, 2021

03 Jan 21 (Sun)
04:43 pm

Weekly Technical Analysis For January 4th to 8th, 2021

Pay Attention For US Nonfarm Payrolls And FOMC Minutes This Week EUR/USD:   The Euro has benefitted from weakness in the US Dollar as the pandemic pushed the Federal Reserve to pull all the monetary policy stops including slashing rates to near-zero to cushion the pandemic-led economic fallout. Risk sentiment has improved as optimism over a US fiscal stimulus package has boosted confidence in America, the wo...

Weekly Technical Analysis For December 28th, 2020 to January 1st, 2021

27 Dec 20 (Sun)
05:49 pm

Weekly Technical Analysis For December 28th, 2020 to January 1st, 2021

What To Watch For Trading This Week EUR/USD: The Brexit deal has been reached. The United Kingdom and the European Union closed in on a post-Brexit trade agreement after months of fraught negotiations EU von der Leyen said a trade deal with the UK is fair, balanced, and right. It was a long and winding road but we got a good deal. We will ensure Brexit is left behind. The single market will be fair and rem...

Weekly Technical Analysis For December 21st to 25th, 2020

20 Dec 20 (Sun)
04:47 pm

Weekly Technical Analysis For December 21st to 25th, 2020

Pay Attention To US GDP Number This Week EUR/USD:   The US Dollar was under selling pressure last week as progress toward a massive U.S. government spending bill and COVID-19 relief measures whetted risk appetite. The Federal Reserve kept rates unchanged last Wednesday and signaled that near-zero rates would continue through 2023 to support the next phase of the economic recovery as the vaccine rollout gets underway.

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