Weekly Outlook

Weekly Technical Analysis For August 30th to September 2nd, 2021

29 Aug 21 (Sun)
05:24 pm

Weekly Technical Analysis For August 30th to September 2nd, 2021

Keep Your Eye On US Nonfarm Payrolls This Week EUR/USD: Federal Reserve Chair Jerome Powell said the central bank could begin reducing its monthly bond purchases this year, though it won’t be in a hurry to begin raising interest rates thereafter. Powell cautioned that a move to begin winding down the bond-buying program should not be interpreted as a sign that rate hikes would soon follow. Last week’s data showed that U.S. GDP grew 6.6% quarter-on-quarter, and the GDP price index grew 6.2% quarter-on-quarter, in the second quarter. Americans also filed a to...

Weekly Technical Analysis For August 23rd to 27th, 2021

22 Aug 21 (Sun)
07:46 pm

Weekly Technical Analysis For August 23rd to 27th, 2021

Get Ready For Jackson Hole Symposium This Week EUR/USD: The safe-haven U.S. dollar reached the 9-month high-level last week. The U.S currency is supported overall by concerns that the coronavirus Delta variant could derail global economic recovery just as central banks begin to reverse COVID-19 pandemic-related stimulus. US Dollar extended gains after U.S. Federal Reserve hinted that asset tapering could begin as soon as this year. Minutes of the Fed's July meeting, released on Wednesday, showed officials largely expect to reduce their monthly bond-buying later t...

Weekly Technical Analysis For August 9th to 13th, 2021

08 Aug 21 (Sun)
07:53 pm

Weekly Technical Analysis For August 9th to 13th, 2021

Focus On US CPI Inflation This Week  EUR/USD: Last Friday, July US non-farm payrolls printed 943K versus 870K estimate. US unemployment rate dropped to 5.4% versus the 5.7% estimate. US dollar showed an upward movement against all major currencies after a strong Jobs Report.  Dallas Fed President Richard Kaplan said that a gradual and bounced tapering should start soon. Concerns have been growing that the fast-spreading delta variant of the Covid-19 virus could hamper a global economic revival that is already showing pockets of weakness. US Pres....

Weekly Technical Analysis For August 2nd to 6th, 2021

01 Aug 21 (Sun)
06:03 pm

Weekly Technical Analysis For August 2nd to 6th, 2021

Heads Up: US Nonfarm Payrolls Will Be Published This Week EUR/USD: The US dollar fell to a one-month low last week after the U.S. Federal Reserve said the job market still had some ground to cover before it would be time to ease monetary stimulus. Fed Chairman Jerome Powell remarked that interest rate hikes are a ways away and that the job market still had some ground to cover before the central bank begins to taper its assets. St. Louis Federal Reserve President James Bullard said the Fed should start reducing its $120 billion in monthly bond purchases thi...

Weekly Technical Analysis For July 26th to 30th, 2021

25 Jul 21 (Sun)
02:31 pm

Weekly Technical Analysis For July 26th to 30th, 2021

Get Ready For The Fed Rate Decision This Week EUR/USD: Last week, the European Central Bank pledged to keep interest rates at record lows for even longer, as widely expected. Delta coronavirus variant is the highest risk in the market. German government fears the number of new coronavirus cases in Germany could soar to 100,000 a day in about two months unless many more people get vaccinated and those who refuse may face restrictions. Looking ahead, keep your eye on the Fed Monetary Policy Meeting this week. The Federal Reserve is expected to leave its bench...

Weekly Technical Analysis For July 19th to 23rd, 2021

18 Jul 21 (Sun)
06:03 pm

Weekly Technical Analysis For July 19th to 23rd, 2021

What To Watch For Trading This Week  EUR/USD: The dollar stayed strong with a safe-haven bid amid rising Covid-19 cases worldwide. High U.S. inflation is also lifting expectations of an early reduction in the Federal Reserve’s $120 billion in monthly bond purchases U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending was shifting back to services. The Fed Chair Jerome Powell reiterated on Thursday that rising inflation was likely to be transitory and that the U.S. central bank would continue to support the ec...

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