Weekly Outlook

Weekly Technical Analysis For November 20th to 24th, 2017

06 Jul 18 (Fri)
02:15 pm

Weekly Technical Analysis For November 20th to 24th, 2017

EURUSD: The Euro rose to a 3-week high versus the greenback, with strong Eurozone and German GDP numbers. The data showed that the Eurozone economy grew by an annualized 2.5% in the third quarter, outstripping growth in the US economy. Another report showed that the German economy grew a larger-than-expected 0.8% in the third quarter, thanks to st...

Weekly Technical Analysis For November 13th to 17th, 2017

06 Jul 18 (Fri)
02:01 pm

Weekly Technical Analysis For November 13th to 17th, 2017

EURUSD: There was no exciting news or data from the US dollar last week. The Greenback only showed a reaction to US tax-reform negotiation.   US Tax reform uncertainty continues. US Senate Republicans unveiled a plan last week which would reduce the corporate tax rate to 20% from 35% and...

Weekly Technical Analysis For November 6th to 10th, 2017

06 Jul 18 (Fri)
01:47 pm

Weekly Technical Analysis For November 6th to 10th, 2017

EURUSD: We just had a significant week for the US Dollar. We faced the FOMC meeting, Non-Farm Payrolls and the next Fed Chair was named by Trump last week. The FOMC kept the benchmark interest rate at 1.00-1.25% as expected. However, the Fed said "Economic activity is rising at a solid rate, despite storms, and...

Weekly Technical Analysis For October 30th to November 3rd, 2017

06 Jul 18 (Fri)
01:40 pm

Weekly Technical Analysis For October 30th to November 3rd, 2017

EUR/USD: The ECB kept interest rates unchanged at 0% last Thursday. They extended QE program by 9 months and cut QE to €30BN from January until September 2018. After the ECB Press Conference, US dollar extended gains versus the Euro. Also, US data released over the past week; the GDP (Q3) growth, Jobless claims, Durable goods, New-home sales, all of them were better than ex...

Weekly Technical Analysis For October 23rd to 27th, 2017

06 Jul 18 (Fri)
01:23 pm

Weekly Technical Analysis For October 23rd to 27th, 2017

EURUSD: We will focus on ECB Monetary Policy Decision this week. No rate change is expected from the ECB, however, Governor Draghi’s statements about the fate of quantitative easing in Eurozone will be quite important for EURUSD. We might hear what the ECB plans to do with their stimulus program beyond the current December expiration The consensus forecast is that it will ha...

Weekly Technical Analysis For October 16th to 20th, 2017

06 Jul 18 (Fri)
01:19 pm

Weekly Technical Analysis For October 16th to 20th, 2017

EUR/USD: The US dollar dropped, versus other major currencies, after the release of downbeat U.S. data. US CPI inflation rose less than expected in September, both on a monthly and annual basis. US retail sales also increased less than the previous month. It is important to remember that the September Non-Farm Payrolls surprised the market with a 33K job loss in the US econo...

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