Weekly Outlook

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...

Weekly Technical Analysis For October 9th to 13th, 2017

06 Jul 18 (Fri)
01:14 pm

Weekly Technical Analysis For October 9th to 13th, 2017

EUR/USD: The September Non-Farm Payrolls surprised the market last Friday, 33K jobs loss for the US economy, effected from Hurricane Harvey and Irma. On the other hand, Unemployment rate and Average hourly earnings were better than expected. After mix jobs data, no change in view for a likely hike by year-end from the Fed officials. Next w...

Weekly Technical Analysis For November 2nd to 6th, 2017

06 Jul 18 (Fri)
01:06 pm

Weekly Technical Analysis For November 2nd to 6th, 2017

EURUSD: Last week, The U.S. trade balance, GDP and jobless claims were better than expected. Trump’s tax announcement also behind us. Now, Investors will focus to next week’s U.S. Non-Farm Payrolls. Jobs report expected to reflect the loss of job growth. The expectation is 100k jobs created in September and it was at 156k a month ago. Unemployment Rate is expected to remain flat at 4.4% compared to a m...

Weekly Technical Analysis For September 25th to 29th, 2017

06 Jul 18 (Fri)
01:02 pm

Weekly Technical Analysis For September 25th to 29th, 2017

EUR/USD: The FOMC hold benchmark interest rate at 1.00-1.25% last Wednesday, as expected. The FED forecast still signals another 2017 hike and three more in 2018.The Fed officials set an October start for shrinking their $4.5 trillion stockpiles of assets. The Chair Janet Yellen spoke at the press conference. She said ‘Low 2017 inflation doesn't mean it will continue’....

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