06 Jul 18 (Fri)
02:38 pm
EURUSD: US Non-farm payrolls increased by 228K in November, following a 244K a month earlier that was revised down from the initial increase of 261K. The data exceeded the consensus estimate for the creation of 200K jobs. The unemployment rate held at 4.1% last month, in line with expectations. Average hourly earnings rose by 0.2% in November, below forecasts for a gain of...
06 Jul 18 (Fri)
02:31 pm
EURUSD: The dollar remained under pressure last week, as investors looked to progress on tax reform and news that Flynn will testify against Trump US Senate Republicans have enough votes to pass tax cut legislation last Friday. That would have marked a significant step toward realizing a fiscal boost that markets expect will drive inflati...
06 Jul 18 (Fri)
02:25 pm
EURUSD: The US dollar dropped significantly after FOMC minutes were published last week. According to the minutes, many of the FOMC members saw a near-term interest rate hike as warranted, but a few opposed. The document showed that most participants continue to believe that a tighter labor market will ultimately lead to inflation. T...
06 Jul 18 (Fri)
02:15 pm
EURUSD: The Euro rose to a 3-week high versus the greenback, with strong Eurozone and German GDP numbers. The data showed that the Eurozone economy grew by an annualized 2.5% in the third quarter, outstripping growth in the US economy. Another report showed that the German economy grew a larger-than-expected 0.8% in the third quarter, thanks to st...
06 Jul 18 (Fri)
02:01 pm
EURUSD: There was no exciting news or data from the US dollar last week. The Greenback only showed a reaction to US tax-reform negotiation. US Tax reform uncertainty continues. US Senate Republicans unveiled a plan last week which would reduce the corporate tax rate to 20% from 35% and...
06 Jul 18 (Fri)
01:47 pm
EURUSD: We just had a significant week for the US Dollar. We faced the FOMC meeting, Non-Farm Payrolls and the next Fed Chair was named by Trump last week. The FOMC kept the benchmark interest rate at 1.00-1.25% as expected. However, the Fed said "Economic activity is rising at a solid rate, despite storms, and...
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