21 Jul 19 (Sun)
07:37 pm
Weekly Technical Analysis For July 22nd to 26th, 2019
Keep Your Eye On ECB Rate Decision And US GDP Growth This Week EUR/USD: The US Dollar was under pressure last week after Federal Reserve officials bolstered expectations of an aggressive rate cut this month to address weakening inflation. New York Federal Reserve President John Williams said that the Fed will “act quickly” to support the economy as “it’s better to take preventative measures than to wait for disaster to u...
14 Jul 19 (Sun)
04:32 pm
Weekly Technical Analysis For July 15th to 19th, 2019
Pay Attention To US Retail Sales And Eurozone CPI Data This Week EUR/USD: Last week, Federal Reserve Chair Jerome Powell sent a clear signal that the Fed will cut interest rates for the first time in a decade later this month. In Powell’s testimony, he said that since Fed officials met last month, “uncertainties around trade tensions and concerns about the strength of the glo...
07 Jul 19 (Sun)
07:36 pm
Weekly Technical Analysis For July 8th to 12th, 2019
What To Watch For This Week EUR/USD: The US Dollar surged sharply last Friday following positive results from US Non-Farm Payrolls Data. The US employment numbers for June came in better-than-expected with 224K versus 160K estimate. However, there was a small revision. The unemployment rate ticked up, helped by an uptick in the participation rates. Wages disappointed versus expectations. In the upcoming week, we...
30 Jun 19 (Sun)
07:46 pm
Weekly Technical Analysis For July 1st to 5th, 2019
G20 Meeting Is Behind Us, The Focus Is Now On US Non-Farm Payrolls EUR/USD: Last Thursday. the US GDP expanded 3.1% on a yearly basis in the first quarter to match the market expectation and the previous estimate. Additionally, US Core PCE Deflator rose 1.6% year on year basis in May, which held below the Fed’s target as forecast, doing little to change market expectations that the U.S. central bank could cut rates at their...
23 Jun 19 (Sun)
05:17 pm
Weekly Technical Analysis For June 24th to 28th, 2019
All Eyes Will Be On US GDP Number And G20 Meeting EUR/USD: The US Dollar traded lower after the Fed Rate Decision last week. The Federal Reserve kept interest rates unchanged Wednesday but signaled it was ready to lower interest rates to combat growing global and domestic risks. At his press conference, Federal Reserve Chairman Jerome Powell conceded there were some significant changes to the Fed's policy statement but su...
16 Jun 19 (Sun)
08:27 pm
Weekly Technical Analysis For June 17th to 21st, 2019
Watch Out For Central Bank Meetings This Week EUR/USD: The U.S. dollar surged last Friday as retail sales picked up in May, indicating a rebound in the American economy. In the upcoming week, the Federal Reserve will announce its latest monetary policy decision on Wednesday. Investors will look for any signal that policymakers intend to cut at their next meeting. Last week’s weak inflation reports have led traders to thin...
