Weekly Outlook

Pay Attention To U.S. Nonfarm Payrolls Today 

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. ...

Weekly Technical Analysis For September 28th to October 2nd, 2020

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...

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

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...

Weekly Technical Analysis For September 14th to 18th, 2020

13 Sep 20 (Sun)
08:18 pm

Weekly Technical Analysis For September 14th to 18th, 2020

Pay Attention To Fed Interest Rate Decision This Week EUR/USD:   Last week, the European Central Bank left policy unchanged Thursday, as widely expected, but also marginally lifted its growth outlook for the year, buoyed by improving consumer demand. In the ECB press conference, the tone was surprisingly optimistic. Lagarde focused the success of the pandemic emergency purchase program, and the targeted longer-term r...

Weekly Technical Analysis For September 7th to 11th, 2020

06 Sep 20 (Sun)
06:51 pm

Weekly Technical Analysis For September 7th to 11th, 2020

All Eyes On ECB Interest Rate Decision And US CPI Inflation EUR/USD: The August Non-Farm Payrolls report showed that the US economy added 1.371 million jobs in August as compared to 1.4 million expected. Moreover, the July reading was also revised lower to 1...

Watch Out For The US Jobs Report Today

04 Sep 20 (Fri)
06:20 am

Watch Out For The US Jobs Report Today

Get ready for the 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. The US Dollar halt its recent slide, but economists warn sentiment remains weak due to concern about the strength of U.S. economic growth and speculation that the Federal Reserve will keep rates low for...

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