Weekly Outlook

Weekly Technical Analysis For November 22nd to 26th, 2021

21 Nov 21 (Sun)
09:02 pm

Weekly Technical Analysis For November 22nd to 26th, 2021

Get Ready For FOMC Minutes And US GDP Numbers EUR/USD: US Retail sales surged 1.7% last month, the Commerce Department said on Tuesday. Data for September was revised higher to show retail sales increasing 0.8% instead of 0.7% as previously reported. Sales have now risen for three straight months. Strong U.S. retail sales data last week added fuel to the dollar recent rally, which started after a strong U.S. inflation print bolstered market bets that the Federal Reserve will have to raise rates around the middle of next year. Moreover, US Initial claims for...

Weekly Technical Analysis For November 15th to 19th, 2021

14 Nov 21 (Sun)
09:58 pm

Weekly Technical Analysis For November 15th to 19th, 2021

Focus On US Retail Sales Data This Week EUR/USD: The U.S. dollar showed its best week in almost five months against major peers last week, amid bets for earlier Federal Reserve interest rate hikes after data this week showed the fastest U.S. inflation in three decades. The U.S. consumer price index surged 6.2% on an annual basis, with gasoline leading a broad-based increase that added to signs that inflation could stay uncomfortably high well into 2022 amid snarled global supply chains. Moreover, last week's U.S. data showed that the producer price inde...

Weekly Technical Analysis For November 8th to 12th, 2021

07 Nov 21 (Sun)
09:48 pm

Weekly Technical Analysis For November 8th to 12th, 2021

Pay Attention To US CPI Inflation This Week EUR/USD: Last week, The Fed announced a $15 billion monthly cut to its $120 billion in monthly purchases of Treasuries and mortgage-backed securities, but chair Jerome Powell said the U.S. central bank would be patient in deciding when to raise its benchmark overnight interest rate from near zero levels. US Dollar supported by strong US Jobs Report on Friday. Nonfarm Payrolls (NFP) in the US rose by 531K in October. This reading beat the market expectation of 455K. Additionally, the Unemployment Rate declined to 4.6% from 4.7%. In...

Weekly Technical Analysis For November 1st to 5th, 2021

31 Oct 21 (Sun)
06:50 pm

Weekly Technical Analysis For November 1st to 5th, 2021

Weekly Technical Analysis For November 1st to 5th, 2021 Focus on Fed Rate Decisions And US Nonfarm Payrolls This Week EUR/USD: Last week, US Gross domestic product increased at a 2.0% annualized rate last quarter, the Commerce Department said in its advance GDP estimate on Thursday. That was the slowest since the second quarter of 2020 when the economy suffered a historic contraction in the wake of stringent mandatory measures to contain the first wave of coronavirus cases Moreover, The ECB left policy unchanged, as widely expected, holding...

Weekly Technical Analysis For October 25th to 29th, 2021

24 Oct 21 (Sun)
07:56 pm

Weekly Technical Analysis For October 25th to 29th, 2021

All Eyes Will Be On ECB Rate Decision And US GDP Growth This Week EUR/USD: Last week, U.S. Federal Reserve officials said while asset tapering should begin soon, it was too soon to hike interest rates. Fed Governor Randal Quarles said he favors an initial move to begin asset tapering in November 2021, but added that mounting inflationary pressures that could require a policy response were also a concern Atlanta Fed President Raphael Bostic, said he expects high inflation to persist into 2022 and the U.S. central bank should raise interest rates by the end of 2022.

Weekly Technical Analysis For October 18th to 22nd 2021

17 Oct 21 (Sun)
07:59 pm

Weekly Technical Analysis For October 18th to 22nd 2021

What To Watch For Trading This Week  EUR/USD: Last week, the US consumer price index increased 0.4% from August, according to Labor Department data released Wednesday. Compared with a year ago, the CPI rose 5.4%, matching the largest annual gain since 2008. Excluding the volatile food and energy components, so-called core inflation rose 0.2% from the prior month. Minutes of the Fed September meeting confirmed last week that a tapering of stimulus is all but certain to start this year, although policymakers are sharply divided over inflation and what they should do ab...

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