02 Sep 18 (Sun)
The Biggest trading event of the month! US Nonfarm Payrolls Is In Focus! EURUSD: The EURUSD pair hit the key resistance level of 1.1720 and then pulled back last week. After an aggressively bearish five days, Wednesday's US GDP helped the US Dollar. The U.S. economy grew at a slightly faster pace than estimated in the second quarter, with the rate of growth the fastest it has been since late 2014. The US GDP...
26 Aug 18 (Sun)
US GDP Is In Focus; Will EURUSD Continue To Recover? EUR/USD: The US Dollar has extended losses for a second consecutive week. The Euro rose versus the greenback and closed last week above the daily level of 1.1607. Investors took Powell’s Friday speech as a more dovish stance in the Jackson Hole Symposium. Federal Reserve chairman Jerome Powell emphasized the central bank’s plans for gradual interest rate hik...
12 Aug 18 (Sun)
USD Bullish Action Continues EUR/USD: The US dollar has extended gains last week and hit a 13-month high versus all major currencies. Strong USD is dominated in the market as emerging market turmoil stokes haven demand. US tensions with Iran, Turkey, and Russia remain unresolved and trade war worries continue to escalate. If we look at last week's US inflation number; in the 12 months through July, the CPI incre...
12 Aug 18 (Sun)
USD Bullish Action Continues EUR/USD: The US dollar has extended gains last week and hit a 13-month high versus all major currencies. Strong USD is dominated in the market as emerging market turmoil stokes haven demand. US tensions with Iran, Turkey, and Russia remain unresolved and trade war worries continue to escalate. If we look at last week's US inflation number; in the 12 months through July, the CPI in...
09 Jul 18 (Mon)
Will The EURUSD Rise Continue? EUR/USD: The EURUSD pair jumped up after US Jobs Report was published last Friday. The Non-Farm Payrolls rose by 213K in June, which is higher than the consensus estimate for the creation of 200K jobs. The previous month’s reading of NFP was revised to 244K from the 223K registered initially. However, the unemployment rate unexpectedly rose from 3.8% to 4.0%. Average hourly earnings advanced 0.2% month-on...
09 Jul 18 (Mon)
Keep Your Eye On US NFP and FOMC Minutes EUR/USD: The first half of 2018 is behind us now. The US Dollar rally came under threat after US GDP slowed to a 2.0% annual rate in the first quarter, missing estimate of 2.2%. Also, Core PCE reading came out at 2.3% as the same as previous number. The EURUSD pair re-tested the 1.1531 key support level, but could not break down it. The FOMC meeting notes and US Jobs Report will be important releases of next wee...
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