20 Dec 20 (Sun)
04:47 pm
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.
13 Dec 20 (Sun)
08:05 pm
All Eyes Will Be On The Fed Rate Decision This Week EUR/USD: Last week, ECB left rates unchanged, expands PEPP by €500 billion to end-March 2022. ECB increased PEPP program by EUR500 billion to EUR1.85 trillion. Extends PEPP horizon to March 2022, PEPP reinvestment until the end of 2023, and extends TLTRO3 terms to June 2022. ECB's Lagarde said that Euro appreciation is important, adds that it puts dow...
06 Dec 20 (Sun)
06:48 pm
Focus On US CPI inflation And ECB Rate Decision This Week EUR/USD: The US Jobs Report is a disappointing read throughout last week. US payrolls rose just 245k versus 460k consensus, the unemployment rate edged down to 6.7 percent, the U.S. Bureau of Labor Statistics reported last Friday. The US Dollar was under selling pressure last week as investors continue to shift to risky assets and higher return...
29 Nov 20 (Sun)
05:34 pm
Get Ready For US Nonfarm Payrolls, Powell and Mnuchin's Testimony EUR/USD: The US Dollar was under pressure last week with traders expecting large-scale stimulus from the new US administration to combat the Covid-19 pandemic. Optimism over several COVID-19 vaccine developers, including Pfizer and Moderna announcing positive results for their offerings over the last two weeks, put the dollar under pressure as...
22 Nov 20 (Sun)
06:07 pm
Watch Out For FOMC Meeting Minutes And US GDP Number EUR/USD: Risk appetite has improved on the back of coronavirus vaccine development news. However, German Chancellor Merkel said she is optimistic that next we can find a way out of coronavirus but at the moment the coronavirus situation remains very serious. Last week, US Treasury Secretary Steve Mnuchin has requested that the Federal Reserve return unused funds allo...
15 Nov 20 (Sun)
07:42 pm
What To Watch For Trading This Week EUR/USD: U.S. drugmaker Pfizer and German partner BioNTech said on Monday a large-scale clinical trial showed their vaccine was more than 90% effective in preventing COVID-19. the news of progress towards a COVID-19 vaccine boosted risk appetite in global markets. However, the continuing rise of new Covid-19 cases throughout Europe and the U.S. is making traders nervous. The prospect...
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