Weekly Outlook

Weekly Technical Analysis For April 29th to May 3rd, 2019

28 Apr 19 (Sun)
07:40 pm

Weekly Technical Analysis For April 29th to May 3rd, 2019

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...

Weekly Technical Analysis For April 22nd to 26th, 2019

21 Apr 19 (Sun)
08:38 pm

Weekly Technical Analysis For April 22nd to 26th, 2019

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...

Weekly Technical Analysis For April 15th to 19th, 2019

14 Apr 19 (Sun)
07:24 pm

Weekly Technical Analysis For April 15th to 19th, 2019

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...

Weekly Technical Analysis For April 8th to 12th, 2019

07 Apr 19 (Sun)
06:39 pm

Weekly Technical Analysis For April 8th to 12th, 2019

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...

Weekly Technical Analysis For April 1st to 4th, 2019

31 Mar 19 (Sun)
08:14 pm

Weekly Technical Analysis For April 1st to 4th, 2019

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...

Weekly Technical Analysis For March 25th to 29th, 2019

24 Mar 19 (Sun)
08:50 pm

Weekly Technical Analysis For March 25th to 29th, 2019

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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