Weekly Outlook

Weekly Technical Analysis For October 25th to 29th, 2021

24 Oct 21 (Sun)
07:56 pm

Weekly Technical Analysis For October 25th to 29th, 2021

All Eyes Will Be On ECB Rate Decision And US GDP Growth This Week EUR/USD: Last week, U.S. Federal Reserve officials said while asset tapering should begin soon, it was too soon to hike interest rates. Fed Governor Randal Quarles said he favors an initial move to begin asset tapering in November 2021, but added that mounting inflationary pressures that could require a policy response were also a concern Atlanta Fed President Raphael Bostic, said he expects high inflation to persist into 2022 and the U.S. central bank should raise interest rates by the end of 2022.

Weekly Technical Analysis For October 18th to 22nd 2021

17 Oct 21 (Sun)
07:59 pm

Weekly Technical Analysis For October 18th to 22nd 2021

What To Watch For Trading This Week  EUR/USD: Last week, the US consumer price index increased 0.4% from August, according to Labor Department data released Wednesday. Compared with a year ago, the CPI rose 5.4%, matching the largest annual gain since 2008. Excluding the volatile food and energy components, so-called core inflation rose 0.2% from the prior month. Minutes of the Fed September meeting confirmed last week that a tapering of stimulus is all but certain to start this year, although policymakers are sharply divided over inflation and what they should do ab...

Weekly Technical Analysis For October 11th to 15h, 2021

10 Oct 21 (Sun)
08:05 pm

Weekly Technical Analysis For October 11th to 15h, 2021

A Busy Week For Trading; Focus On US CPI Inflation And FOMC Minutes. EUR/USD: Last week, Nonfarm Payrolls (NFP) in the US rose by 194K in September. This reading missed the market expectation of 500K by a wide margin. On a positive note, the August print of 235K got revised higher to 366K. Further details of the publication revealed that the Unemployment Rate declined to 4.8% from 5.2% in August, compared to analysts' estimate of 5.1%. Additionally, the Labor Force Participation Rate edged lower to 61.6% from 61.7%, and the wage inflation, as measure by the Avera...

Weekly Technical Analysis For October 4th to 8th, 2021

03 Oct 21 (Sun)
07:32 pm

Weekly Technical Analysis For October 4th to 8th, 2021

Get Ready For US Nonfarm Payrolls This Week EUR/USD: The US dollar began the last quarter of 2021 near its highest levels of the year and its best week since June, as currency markets braced for U.S. interest rates to rise before those of major peers. The expectations are raising for a tapering of Federal Reserve stimulus from November and a possible interest rate hike in late 2022.  Last week, the final revision of U.S. growth for the second quarter returned a surprise 0.1% increase over the prior reading of 6.6%.  Moreover, US Personal income in...

Weekly Technical Analysis For September 27th to October 1st, 2021

26 Sep 21 (Sun)
08:05 pm

Weekly Technical Analysis For September 27th to October 1st, 2021

Weekly Technical Analysis For September 27th to October 1st, 2021 Heads Up: The US GDP Growth Will Be Published This Week EUR/USD: The Federal Reserve said on Wednesday it will likely begin reducing its monthly bond purchases as soon as November and signaled interest rate increases may follow more quickly than expected as the U.S. central bank turn from pandemic crisis policies gains momentum FOCM Meeting showed that maintaining bond buying of $120 billion per month. Inflation levels are elevated on transitory factors. The economy has made...

Weekly Technical Analysis For September 20th to 24th, 2021

19 Sep 21 (Sun)
06:13 pm

Weekly Technical Analysis For September 20th to 24th, 2021

Pay Attention To The Fed Rate Decision This Week EUR/USD: Last week, the US dollar held three-week highs against a basket of major currencies after a raft of strong U.S. economic data rekindled expectations for earlier policy tightening by the U.S. Federal Reserve. U.S. retail sales unexpectedly increased in August, rising 0.7% from the previous month despite expectations of a 0.8% fall, while a business sentiment survey by the Philadelphia Fed also showed a big improvement. Moreover, Inflation in the US, as measured by the Consumer Price Index (CPI), edged lower to...

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