Weekly Outlook

Weekly Technical Analysis For December 4th to 8th, 2017

06 Jul 18 (Fri)
02:31 pm

Weekly Technical Analysis For December 4th to 8th, 2017

EURUSD: The dollar remained under pressure last week, as investors looked to progress on tax reform and  news that Flynn will testify against Trump US Senate Republicans have enough votes to pass tax cut legislation last Friday. That would have marked a significant step toward realizing a fiscal boost that markets expect will drive inflati...

Weekly Technical Analysis For 27th of November to 1st of December, 2017

06 Jul 18 (Fri)
02:25 pm

Weekly Technical Analysis For 27th of November to 1st of December, 2017

EURUSD: The US dollar dropped significantly after FOMC minutes were published last week. According to the minutes, many of the FOMC members saw a near-term interest rate hike as warranted, but a few opposed. The document showed that most participants continue to believe that a tighter labor market will ultimately lead to inflation. T...

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...

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