24 Feb 19 (Sun)
Next Up, Watch Out For Powell’s Testimony And The US GDP Number EUR/USD: Last week, the Federal Reserve meeting notes indicated that interest rates could still rise later in the year if the current uncertainty over the economy clears. The EURUSD pair could not break out the daily resistance level of 1.1355. In the upcoming week, the Fed Chair Powell testifies on the Semiannual Monetary Policy Repo...
17 Feb 19 (Sun)
Keep Your Eye On The Fed Minutes This Week EUR/USD: The US Dollar hit a three-month high against the Euro last week. The Euro was under pressure with signs of weaker eurozone economic growth. The Eurozone GDP growth was at 1.2% in the fourth quarter, down from 1.6% in the previous quarter and the slowest rate of growth in over three years. The US Consumer Price Index...
10 Feb 19 (Sun)
A Busy Week Ahead; US CPI Is In Focus EUR/USD: The Euro was under pressure last week by weak economic data and growing evidence of a slowdown in the Eurozone. The European Commission lowered its growth forecast for the Eurozone last Thursday, after notable reductions in estimates for all three of the largest economies in the region - Germany, France, and Italy. The EU now expects a growth...
03 Feb 19 (Sun)
The US Jobs Report Is Behind Us: What Is Next? EUR/USD: The EURUSD pair closed last week above the key support level of 1.1446 after upbeat Non-Farm Payrolls data. The US Non-Farm Payrolls rose by 304K in January, far above the consensus forecast of 165K jobs. The government shutdown was supposed to affect the unemployment rate but it didn’t rise nearly as much as feare...
27 Jan 19 (Sun)
Why Is Next Week So Important For USD? EUR/USD: Last week, the European Central Bank kept key rates and forward guidance unchanged but downgraded its assessment by stating that the balance of risks has moved to the downside. Dovish Draghi has put selling pressure to the EURUSD pair. However, the Euro recovered loses versus the greenback last Friday and closed the week above the daily level of 1.1367.
20 Jan 19 (Sun)
All Eyes Will Be On The ECB Policy Decision EUR/USD: The US Dollar gained more value versus the Euro last week. Eurozone consumer price index came out and it was flat in December, while the annual rate of inflation fell to 1.6% from 1.9% in November, according to a revised estimate released last Thursday. In the upcoming week, watch out for the ECB Monetary Policy Decision on Thursday. There is no rate change expected...
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