29 Dec 19 (Sun)
07:12 pm
Weekly Technical Analysis For December 30th to January 3rd, 2019
All Eyes Will Be On The FOMC Meeting Minutes This Week EUR/USD: The optimism over a U.S.-China trade agreement was dominated last week. Beijing said on Wednesday it is in close touch with Washington on a trade deal signing ceremony, a day after U.S. President Donald Trump said he and Chinese President Xi Jinping will have a ceremony to sign the agreement. Looking ahead, the economic calendar will bring an update on...
22 Dec 19 (Sun)
09:15 pm
Weekly Technical Analysis For December 23rd to 27th, 2019
Get Ready For The Holiday Week EUR/USD: Last week, US GDP growth was unrevised from the second estimate; US GDP printed of 2.1%, indicating the consumer was once again the major driving force behind GDP. Eurozone CPI inflation picked up to 1% in November from a three-year low of 0.7% in October, matching expectations. However, the headline rate is still well below the ECB’s goal of just under 2%. Looking ah...
15 Dec 19 (Sun)
08:23 pm
Weekly Technical Analysis For December 16th to 20th, 2019
All Eyes Will Be On The US GDP Growth And BoE Rate Decision EUR/USD: The Federal Reserve kept interest rates on hold Wednesday, signaling that the current path of monetary policy was "appropriate" to support economic growth and would likely remain in place through next year. The Fed maintained its outlook on U.S. economic growth, forecasting growth of 2.2% in 2019 and 2.0% in 2020. Growth for 2021 and 2021 was also...
08 Dec 19 (Sun)
07:18 pm
Weekly Technical Analysis For December 9th to 13th, 2019
A Busy Week Ahead: Watch Out For UK General Election, Fed and ECB Rate Decisions! EUR/USD: We got a strong US Jobs Report last Friday. The US created 260K new jobs in November, marking the biggest gain. The unemployment rate slipped to 3.5% from 3.6% and matched a 50-year low. The average wage paid to American workers rose 0.2%, to $28.29 an hour. The 12-month rate of hourly wage gains slipped to 3.1% from 3.2%. The EURUSD pair...
01 Dec 19 (Sun)
07:28 pm
Weekly Technical Analysis For December 2nd to 6th, 2019
A Huge Week For Trading: Focus On US Non-Farm Payrolls EUR/USD: The Euro extended losses versus the US Dollar after the releases of strong US economic data last week. Third-quarter economic growth was revised up to an annualized 2.1% from the first reading of 1.9%. The data was in contrast to other indicators showing a slowdown in global activity. In a separate report, durable goods gained 0.6% after falling 1.4% in the...
24 Nov 19 (Sun)
05:48 pm
Weekly Technical Analysis For November 25th to 29th, 2019
EUR/USD: The US Dollar rose versus the Euro last Friday after Trump's comments about the US-China trade deal. US President Trump said a deal with China was potentially very close. The minutes of the last FOMC policy meeting released last Wednesday. Most officials saw rates as well-calibrated, according to the meeting minutes. FOCM Minutes also signaled that monetary policy would likely remain on pause for the rest of the year unless there...
