Weekly Outlook

Weekly Technical Analysis For May 28th to June 1st, 2018

09 Jul 18 (Mon)
11:32 am

Weekly Technical Analysis For May 28th to June 1st, 2018

EURUSD: The US dollar has extended gains and reached to a six-month high against the major currencies. Last Wednesday, the Federal Reserve’s minutes signaled additional rate hikes would be needed to prevent the economy from overheating. Also, strong US data continues to point to underlying strength in the US economy. In the upcoming week, the most important release will be the US Jobs Report. The US Nonfarm Payrolls is expected to 190K jobs crea...

Weekly Technical Analysis For May 21st to 25th, 2018

09 Jul 18 (Mon)
11:26 am

Weekly Technical Analysis For May 21st to 25th, 2018

  EURUSD: US Dollar continued to extend gains against the all major currencies. The EURUSD pair found sellers from the 1.1968 resistance level at the beginning of this week and then dropped below the major level of 1.1812. US industrial production, Building Permits, NY Empire State and Philadelphia Fed Manufacturing Index; All of them ca...

Weekly Technical Analysis For May 14th to 18th, 2018

09 Jul 18 (Mon)
11:20 am

Weekly Technical Analysis For May 14th to 18th, 2018

EUR/USD: The EURUSD currency showed an upward reaction after mixed inflation figures out of the US last week. The consumer price index rose 0.2% in April, below the forecast of 0.3%. The CPI has risen 2.5% year-on-year basis, the highest rate in 14 months. Yet the yearly increase in the core rate was unchanged at 2.1%, a softer than expected reading that's likely to give comfort to...

Weekly Technical Analysis For May 7th to 11th, 2018

09 Jul 18 (Mon)
11:10 am

Weekly Technical Analysis For May 7th to 11th, 2018

EURUSD: US Dollar bullish action has continued versus the Euro for three weeks. US Nonfarm payroll employment increased by 164K in April, which was little lower than estimates but still above the 135K jobs created in March. Average hourly earnings grew 0.1%, below expectations for a 0.2% increase. However, the unemployment rate edged down to 3.9%. It is the lowest US jobless rate...

Weekly Technical Analysis For April 30th to May 5th, 2018

09 Jul 18 (Mon)
11:06 am

Weekly Technical Analysis For April 30th to May 5th, 2018

EUR/USD: US Dollar has extended gains against the Euro and the EURUSD pair reached to 3-Month high-level last week. If we look at last week; the European Central Bank kept interest rates unchanged at 0%, as expected. The Euro was under pressure by a dovish tone from Draghi. The ECB's president Mario Draghi admitted that the pace of the Eurozone recovery ha...

Weekly Technical Analysis For April 23rd to 27th, 2018

09 Jul 18 (Mon)
11:00 am

Weekly Technical Analysis For April 23rd to 27th, 2018

    EUR/USD: The EURUSD upward movement was limited at the 1.2384 resistance level and then the pair showed a bearish action last week. The Greenback gained ground versus the Euro after softer than expected inflation readings in the Eurozone. The Eurozone CPI Inflation rose by an annualized 1.3% in March, up from February’s 1.1%, but w...

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