Weekly Outlook

Weekly Technical Analysis For August 31st to September 4th, 2020

30 Aug 20 (Sun)
06:46 pm

Weekly Technical Analysis For August 31st to September 4th, 2020

A Huge Week For Trading: Watch Out For US Nonfarm Payrolls Data EUR/USD: The Euro stayed strong versus the US Dollar last week. The Euro has rallied more than 10% since virus turmoil shook global markets in March, buoyed by the European Union’s policy response to the crisis, and as low-interest rates in the U.S. weaken the dollar.  On the other hand, the US dollar weakened last Friday, giving back early gains af...

Weekly Technical Analysis For August 24th to 28th, 2020

23 Aug 20 (Sun)
07:54 pm

Weekly Technical Analysis For August 24th to 28th, 2020

Get Ready For Jackson Hole Symposium And US GDP Number EUR/USD: In the last week, the Federal Reserve warned that the path to U.S. economic recovery from the Covid-19 outbreak remained highly uncertain, with the recovery in hiring starting to slow. In the Eurozone area, the minutes from the July meeting of the ECB’s governing council, released on Thursday, noted that several policymakers questioned whether the 1.35 tril...

Weekly Technical Analysis For August 17th to  21st, 2020

16 Aug 20 (Sun)
05:40 pm

Weekly Technical Analysis For August 17th to  21st, 2020

A Busy Week Ahead: Focus On FOMC Meeting Minutes This Week EUR/USD: The EURUSD pair continued to be driven by global risk sentiment last week. Russia's Health Ministry has registered 1st coronavirus vaccine in the world. Safe havens showed some profit-taking actions after the coronavirus vaccine news. Concerns continue to grow over the US stimulus package following President Donald Trump’s accusation that congressi...

Weekly Technical Analysis For August 10th to 14th, 2020

09 Aug 20 (Sun)
08:47 pm

Weekly Technical Analysis For August 10th to 14th, 2020

Pay Attention To US CPI Inflation This Week EUR/USD: US Nonfarm Payrolls (NFP) rose by 1.8 million in July. This reading beat the market expectation of 1.6 million by a small margin and followed June's print of 4.791K. Further details of the publication revealed that the Unemployment Rate fell to 10.2% to come in better than an estimate of 10.5.  In the upcoming week, The Eurozone GDP will be published on Friday and i...

The US Non-Farm Payrolls; What To Expect

07 Aug 20 (Fri)
07:15 am

The US Non-Farm Payrolls; What To Expect

All eyes will be on 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. U.S. Republicans and Democrats have so far failed to reach an agreement on the cost of fiscal stimulus measures that many investors say is necessary to prevent the economy from losing more momentum...

Weekly Technical Analysis For August 3rd to 7th, 2020

02 Aug 20 (Sun)
07:38 pm

Weekly Technical Analysis For August 3rd to 7th, 2020

Watch Out For The US Non-Farm Payrolls This Week EUR/USD: The Federal Reserve kept rates unchanged last Wednesday and pledged to keep the monetary spigot wide open until the economy has weathered the impact of the virus. Fed reiterated commitment to using a full range of tools to support the US economy. Fed also added that Economic activity, financial conditions, and employment has improved somewhat in recent months but still well...

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