Weekly Outlook

Weekly Technical Analysis For August 5th to 9th, 2019

04 Aug 19 (Sun)
07:56 pm

Weekly Technical Analysis For August 5th to 9th, 2019

The Fed Rate Decision Is Behind Us, What Is Next? EUR/USD: The Federal Reserve cut interest rates by 25 basis points and they announced it will end the balance sheet reduction program in August, two months earlier. Additionally, Powell signaled that more cuts are not guaranteed in the FOMC press conference. The US President Donald Trump announced a new round of tariff hikes on Chinese imports. He said that starting Sept 1st US will put an additional tar...

Weekly Technical Analysis For July 29th to August 2nd, 2019

28 Jul 19 (Sun)
07:34 pm

Weekly Technical Analysis For July 29th to August 2nd, 2019

A Huge Week For Trading: Watch Out For The Fed Rate Decision And US NFP EUR/USD: The European Central Bank kept rates unchanged in last week's meeting. The ECB Chair Draghi indicated the bank was prepared to cut rates in September and consider other options for easing. However, he also said the risk of a recession in the region was low. US Gross Domestic Product (GDP) expanded by 2.1% on a yearly basis in the second qu...

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

21 Jul 19 (Sun)
07:37 pm

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

Keep Your Eye On ECB Rate Decision And US GDP Growth This Week EUR/USD: The US Dollar was under pressure last week after Federal Reserve officials bolstered expectations of an aggressive rate cut this month to address weakening inflation. New York Federal Reserve President John Williams said that the Fed will “act quickly” to support the economy as “it’s better to take preventative measures than to wait for disaster to u...

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

14 Jul 19 (Sun)
04:32 pm

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

Pay Attention To US Retail Sales And Eurozone CPI Data This Week EUR/USD:  Last week, Federal Reserve Chair Jerome Powell sent a clear signal that the Fed will cut interest rates for the first time in a decade later this month. In Powell’s testimony, he said that since Fed officials met last month, “uncertainties around trade tensions and concerns about the strength of the glo...

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

07 Jul 19 (Sun)
07:36 pm

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

What To Watch For This Week EUR/USD: The US Dollar surged sharply last Friday following positive results from US Non-Farm Payrolls Data. The US employment numbers for June came in better-than-expected with 224K versus 160K estimate. However, there was a small revision. The unemployment rate ticked up, helped by an uptick in the participation rates. Wages disappointed versus expectations. In the upcoming week, we...

Weekly Technical Analysis For July 1st to 5th, 2019

30 Jun 19 (Sun)
07:46 pm

Weekly Technical Analysis For July 1st to 5th, 2019

G20 Meeting Is Behind Us, The Focus Is Now On US Non-Farm Payrolls EUR/USD: Last Thursday. the US GDP expanded 3.1% on a yearly basis in the first quarter to match the market expectation and the previous estimate. Additionally, US Core PCE Deflator rose 1.6% year on year basis in May, which held below the Fed’s target as forecast, doing little to change market expectations that the U.S. central bank could cut rates at their...

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