Weekly Outlook

Weekly Technical Analysis For December 7th To 11th, 2020

06 Dec 20 (Sun)
06:48 pm

Weekly Technical Analysis For December 7th To 11th, 2020

Focus On US CPI inflation And ECB Rate Decision This Week EUR/USD: The US Jobs Report is a disappointing read throughout last week.  US payrolls rose just 245k versus 460k consensus, the unemployment rate edged down to 6.7 percent, the U.S. Bureau of Labor Statistics reported last Friday. The US Dollar was under selling pressure last week as investors continue to shift to risky assets and higher return...

Weekly Technical Analysis For November 30th to December 4th, 2020

29 Nov 20 (Sun)
05:34 pm

Weekly Technical Analysis For November 30th to December 4th, 2020

Get Ready For US Nonfarm Payrolls, Powell and Mnuchin's Testimony  EUR/USD: The US Dollar was under pressure last week with traders expecting large-scale stimulus from the new US administration to combat the Covid-19 pandemic. Optimism over several COVID-19 vaccine developers, including Pfizer and Moderna announcing positive results for their offerings over the last two weeks, put the dollar under pressure as...

Weekly Technical Analysis For November 22nd to 27th, 2020

22 Nov 20 (Sun)
06:07 pm

Weekly Technical Analysis For November 22nd to 27th, 2020

Watch Out For FOMC Meeting Minutes And US GDP Number EUR/USD:  Risk appetite has improved on the back of coronavirus vaccine development news. However, German Chancellor Merkel said she is optimistic that next we can find a way out of coronavirus but at the moment the coronavirus situation remains very serious.  Last week, US Treasury Secretary Steve Mnuchin has requested that the Federal Reserve return unused funds allo...

Weekly Technical Analysis For November 16th to 20th, 2020

15 Nov 20 (Sun)
07:42 pm

Weekly Technical Analysis For November 16th to 20th, 2020

What To Watch For Trading This Week EUR/USD:  U.S. drugmaker Pfizer and German partner BioNTech said on Monday a large-scale clinical trial showed their vaccine was more than 90% effective in preventing COVID-19. the news of progress towards a COVID-19 vaccine boosted risk appetite in global markets. However, the continuing rise of new Covid-19 cases throughout Europe and the U.S. is making traders nervous. The prospect...

Weekly Technical Analysis For November 9th to 12th, 2020

08 Nov 20 (Sun)
07:53 pm

Weekly Technical Analysis For November 9th to 12th, 2020

Focus On US Inflation Numbers This Week EUR/USD:   The US Dollar has weakened over the past week. The market has taken a Biden win as a strong positive for US stocks. Risk currencies have also taken the upcoming change in US administration as a strong positive.  The impactful news item over the weekend was the news of Biden's election win. A big congrats to Kamala Harris, the first female vice-president of the United...

Weekly Technical Analysis For November 2nd to 6th, 2020

01 Nov 20 (Sun)
06:13 pm

Weekly Technical Analysis For November 2nd to 6th, 2020

Pay Attention To United States Presidential Election And Fed Interest Rate Decision     EURUSD: The Euro showed a downward movement versus the US Dollar last week as new Covid-inspired lockdowns in Europe prompted the European Central Bank to hint at more monetary easing. Prime Minister Boris Johnson announced a month-long lockdown for England, one of his top ministers and closest allies signaled the measures might have...

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