Weekly Outlook

Get Ready For The US Non-Farm Payrolls Today

03 Dec 21 (Fri)
05:03 am

Get Ready For The US Non-Farm Payrolls Today

Get Ready For The US Non-Farm Payrolls Today All eyes will be on the US Non-Farm Payrolls today! The US Jobs Report will be released at 13:30 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. Scientists in South Africa, where the Omicron variant was first discovered last month, said existing vaccines should still pr...

Weekly Technical Analysis For November 29th December 3rd, 2021

02 Dec 21 (Thu)
01:52 pm

Weekly Technical Analysis For November 29th December 3rd, 2021

Pay Attention To US Nonfarm Payrolls This Week Last week, the US data showed that GDP grew 2.1% quarter-on-quarter in the third quarter and that 199,000 initial jobless claims were filed throughout the week. The U.S. dollar rose as a hawkish tilt by Federal Reserve policymakers, buoyed by strong U.S. data, contrasted to more dovish monetary outlooks in Europe and Japan Several U.S. Federal Reserve policymakers said they would be open to speeding up the tapering of the central bank bond-buying programme if the high rate of inflation held, and move more quickly to raise inter...

Weekly Technical Analysis For November 22nd to 26th, 2021

21 Nov 21 (Sun)
09:02 pm

Weekly Technical Analysis For November 22nd to 26th, 2021

Get Ready For FOMC Minutes And US GDP Numbers EUR/USD: US Retail sales surged 1.7% last month, the Commerce Department said on Tuesday. Data for September was revised higher to show retail sales increasing 0.8% instead of 0.7% as previously reported. Sales have now risen for three straight months. Strong U.S. retail sales data last week added fuel to the dollar recent rally, which started after a strong U.S. inflation print bolstered market bets that the Federal Reserve will have to raise rates around the middle of next year. Moreover, US Initial claims for...

Weekly Technical Analysis For November 15th to 19th, 2021

14 Nov 21 (Sun)
09:58 pm

Weekly Technical Analysis For November 15th to 19th, 2021

Focus On US Retail Sales Data This Week EUR/USD: The U.S. dollar showed its best week in almost five months against major peers last week, amid bets for earlier Federal Reserve interest rate hikes after data this week showed the fastest U.S. inflation in three decades. The U.S. consumer price index surged 6.2% on an annual basis, with gasoline leading a broad-based increase that added to signs that inflation could stay uncomfortably high well into 2022 amid snarled global supply chains. Moreover, last week's U.S. data showed that the producer price inde...

Weekly Technical Analysis For November 8th to 12th, 2021

07 Nov 21 (Sun)
09:48 pm

Weekly Technical Analysis For November 8th to 12th, 2021

Pay Attention To US CPI Inflation This Week EUR/USD: Last week, The Fed announced a $15 billion monthly cut to its $120 billion in monthly purchases of Treasuries and mortgage-backed securities, but chair Jerome Powell said the U.S. central bank would be patient in deciding when to raise its benchmark overnight interest rate from near zero levels. US Dollar supported by strong US Jobs Report on Friday. Nonfarm Payrolls (NFP) in the US rose by 531K in October. This reading beat the market expectation of 455K. Additionally, the Unemployment Rate declined to 4.6% from 4.7%. In...

Weekly Technical Analysis For November 1st to 5th, 2021

31 Oct 21 (Sun)
06:50 pm

Weekly Technical Analysis For November 1st to 5th, 2021

Weekly Technical Analysis For November 1st to 5th, 2021 Focus on Fed Rate Decisions And US Nonfarm Payrolls This Week EUR/USD: Last week, US Gross domestic product increased at a 2.0% annualized rate last quarter, the Commerce Department said in its advance GDP estimate on Thursday. That was the slowest since the second quarter of 2020 when the economy suffered a historic contraction in the wake of stringent mandatory measures to contain the first wave of coronavirus cases Moreover, The ECB left policy unchanged, as widely expected, holding...

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