Weekly Outlook

Weekly Technical Analysis For May 31st to June 4th, 2021

30 May 21 (Sun)
02:03 pm

Weekly Technical Analysis For May 31st to June 4th, 2021

Weekly Technical Analysis For May 31st to June 4th, 2021 Get Ready For US Nonfarm Payrolls This Week EUR/USD: US Dollar showed a downward movement versus the major currencies last week as the Federal Reserve's insistence that stimulus will continue kept yields low. Softer-than-expected U.S. data and fresh insistence from Federal Reserve officials that policy would stay on hold allayed investor fears about inflation forcing interest rates higher. Moreover, the U.S. GDP increased by 6.4% quarter-on-quarter during the first quart...

Weekly Technical Analysis For May 24th to 28th, 2021

25 May 21 (Tue)
06:01 am

Weekly Technical Analysis For May 24th to 28th, 2021

Focus On US GDP Growth And Core Durable Goods Orders This Week EUR/USD: The US Dollar was under pressure last week. The minutes from the Federal Reserve last policy meeting revealed there was more talk of tapering its bond purchases than investors had expected. Additionally U.S. dollars pulled back from lower Treasury yields to the rally in stocks and weaker existing home sales, but when they compared the consistent improvements in Markit Economics’ U.S This week's calendar features U.S. data Pending Home Sales, Gross Domestic Product, and Crude Oil Inventories as well as Core Durable G...

Weekly Technical Analysis For May 17th to 21st, 2021

16 May 21 (Sun)
03:36 pm

Weekly Technical Analysis For May 17th to 21st, 2021

Get Ready For FOMC Meeting Minutes This Week EUR/USD: Last week, the US CPI inflation rose 4.2% in April from a year ago, well above consensus forecasts for 3.6% and climbing to its highest rate since the eve of the 2008 financial crisis. Additionally, the US Producer Price Index increased 0.6% in April after surging 1.0% in March. The annual figure shot up 6.2%, the biggest year-on-year rise since the series was revamped in...

Weekly Technical Analysis For May 10th to 14th, 2021

09 May 21 (Sun)
06:22 pm

Weekly Technical Analysis For May 10th to 14th, 2021

Keep Your Eye On US CPI Inflation This Week EUR/USD: The US Dollar fell versus major currencies after April's U.S. jobs data came in well below expectations, putting a damper on hopes that a roaring economic recovery would spur higher rates. Nonfarm payrolls increased by 266K jobs last month after rising by 770K in March, the Labor Department said in its closely watched employment report. That's was below expectat...

Weekly Technical Analysis For May 3rd to 7th, 2021

02 May 21 (Sun)
05:42 pm

Weekly Technical Analysis For May 3rd to 7th, 2021

A Busy Week For Trading, Focus On US Nonfarm Payrolls EUR/USD: The US Dollar was under pressure as the U.S. Federal Reserve sticks to its dovish monetary policy. Last week, the Fed kept its interest rate unchanged at 0.25% as it handed down its policy decision. Fed Chairman Jerome Powell played down speculation over a potential early tapering of asset buying, saying it was not time yet and that employment still had a long w...

Weekly Technical Analysis For April 26th to 30th, 2021

25 Apr 21 (Sun)
05:04 pm

Weekly Technical Analysis For April 26th to 30th, 2021

Pay Attention To The Fed Rate Decision This Week EUR/USD: Last week, ECB leaves key rates unchanged in April monetary policy meeting, as expected. ECB said significantly faster pace of PEPP bond-buying during the first months of the year.  ECB Lagarde added pandemic continues to constrain activity. The near-term outlook remains clouded by uncertainty. Vaccine underpins the expectation of a firm rebound in economic activ...

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