28 Apr 19 (Sun)
Why Is This Week So Important For USD? EUR/USD: The US Dollar reached near a two-year high versus the Euro last week. Economic growth in the US unexpectedly accelerated in the first quarter. The US Gross Domestic Product registered a seasonally adjusted annual rate of 3.2% growth in the first three months of 2019, above expectations for a reading of 2.0% and an increase from 2.2% in the final three months of las...
21 Apr 19 (Sun)
Keep Your Eye On The US GDP Growth This Week! EUR/USD: A sharp drop in the Euro supported the US dollar last week. The EURUSD pair broke down 1.1285 and then moved down towards the daily support level of 1.1219. Concerns that the Eurozone Economy is slowing were strengthened in after weaker-than-expected manufacturing reports from Germany and France. Looking ahead, there’s a wave of economic data coming out this week. F...
14 Apr 19 (Sun)
What To Watch For This Week! EUR/USD: The European Central Bank left interest rates on hold as expected Last Wednesday, as policymakers continue to evaluate whether its most recent stimulus is enough to offset downward pressure on growth. At the March meeting minutes of the FOMC, a majority of Federal Reserve policymakers were adamant that the central bank should continue to keep monetary policy tightening on hold for th...
07 Apr 19 (Sun)
All Eyes Will Be On The ECB Policy Decision And FOMC Minutes EUR/USD: March US Payrolls surged by 196K but Wage Growth was disappointing. US Nonfarm Payrolls rose by 196K in March, above consensus expectations for 175K. The jobless rate held steady at 3.8%, in line with consensus. However, Wage inflation grew 3.2% on an annualized basis, slowing from the prior month’s reading of 3.4%. A busy week ahead, we will focus on...
31 Mar 19 (Sun)
Weekly Technical Analysis For April 1st to 4th, 2019 EUR/USD: Euro was under pressure last week by the latest Brexit negotiations. Britain’s Parliament rejected the Brexit deal for a third time, raising the chances of a long delay to its EU withdrawal. The Brexit turmoil is weighing on the single currency. If we look at last week’s US data, the gross domestic product increased at a 2.2% annualized rate in the October-Dece...
24 Mar 19 (Sun)
The Fed Decision Is Behind Us, Next Up; US GDP Growth EUR/USD: The Federal Reserve left interest rates unchanged last Wednesday. The Fed surprised markets by announcing there will be no more rate hikes in 2019. They said it would stop its balance-sheet reduction program in September. Additionally, Fed policymakers cut their outlook on U.S. economic growth for 2019 and beyond.
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