11 Jul 21 (Sun)
Weekly Technical Analysis For July 12th to 16th, 2021 Get Ready For US CPI Inflation And Retail Sales Data This Week EUR/USD: Last week, the European Central Bank released the results of an 18-month review, in which the central bank raised its inflation target to 2% and said moderate overshoots would be tolerated. The new ECB strategy set the bank inflation target at 2%, giving up its previous formulation of below but close to 2%, and signaled that periods of low inflation, as currently experienced, may require more persistent monetary pol...
04 Jul 21 (Sun)
All Eyes Will Be On FOMC And ECB Meeting Minutes This Week EUR/USD: The US Dollar has strengthened broadly since FOMC surprised markets last month by signaling it could tighten policy earlier than expected. Last Friday, the data showed that U.S. nonfarm payrolls beat expectations, increasing by 850K jobs last month after rising 583K in May. However, the US Unemployment rate rose to 5.9% from 5.8% in May. In the upcoming week, the minutes of the FOMC meeting due Wednesday is expected to provide investors with an insight into the Fed’s thinking on monetary policy. I...
27 Jun 21 (Sun)
Pay Attention To US Nonfarm Payrolls This Week EUR/USD: Last week's data showed that the US personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, increased 0.5%, below expectations of an 0.6% increase. In the 12 months through May, the core PCE price index shot up 3.4%, the largest gain since April 1992. Fed policymakers have been offering differing viewpoints on how long inflation is likely to stay high and when it will be appropriate to tighten monetary policy after the Fed last week surprised markets by forecas...
20 Jun 21 (Sun)
What To Watch For Trading This Week EUR/USD: The US dollar rose to its highest level in two months versus major peers after the Federal Reserve unexpectedly brought forward its projections for interest rate hikes into 2023. U.S. Federal Reserve was taking a more hawkish stance than expected and planning for two interest rate increases of 25 basis points in 2023, a year earlier than expected. Additionally, Fed Chair Powell indicated that the members of the FOMC had begun the conversation on stopping the bank’s massive bond-buying program. In the upcoming we...
13 Jun 21 (Sun)
Keep Your Eye On The Fed Rate Decision This Week EUR/USD: Last week, ECB left key rates unchanged in May monetary policy meeting, as expected. The European Central Bank raised its growth and inflation outlooks on Thursday but promised to keep ample stimulus flowing, fearing that a retreat now would accelerate a worrisome rise in borrowing costs and choke off recovery. The US inflation data showed last week that consumer prices up 5% year-on-year, the sharpest rise in more than a dozen years and core inflation surging 0.7% in a month Looking ahead, pay attention to the Fed Monetary...
06 Jun 21 (Sun)
A Busy Week Ahead, Focus On US CPI Inflation And ECB Meeting EUR/USD: Last Friday’s data showed that US Nonfarm payrolls increased by 559K last month after a revised 278K gain in April. The jobless rate dropped to 5.8% from 6.1%.US Dollar was under pressure after the disappointing payrolls print. U.S. Treasury Secretary Yellen urged other countries to keep up spending to support their economies even as the COVID-19 pandemic wanes, and said U.S. inflation this year would be elevated but transitory. Looking ahead, we will closely watch the CPI inflation figures on Thursday. Consumer prices ar...
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