25 Jul 21 (Sun)
Get Ready For The Fed Rate Decision This Week EUR/USD: Last week, the European Central Bank pledged to keep interest rates at record lows for even longer, as widely expected. Delta coronavirus variant is the highest risk in the market. German government fears the number of new coronavirus cases in Germany could soar to 100,000 a day in about two months unless many more people get vaccinated and those who refuse may face restrictions. Looking ahead, keep your eye on the Fed Monetary Policy Meeting this week. The Federal Reserve is expected to leave its bench...
18 Jul 21 (Sun)
What To Watch For Trading This Week EUR/USD: The dollar stayed strong with a safe-haven bid amid rising Covid-19 cases worldwide. High U.S. inflation is also lifting expectations of an early reduction in the Federal Reserve’s $120 billion in monthly bond purchases U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending was shifting back to services. The Fed Chair Jerome Powell reiterated on Thursday that rising inflation was likely to be transitory and that the U.S. central bank would continue to support the ec...
11 Jul 21 (Sun)
Weekly Technical Analysis For July 12th to 16th, 2021 Get Ready For US CPI Inflation And Retail Sales Data This Week EUR/USD: Last week, the European Central Bank released the results of an 18-month review, in which the central bank raised its inflation target to 2% and said moderate overshoots would be tolerated. The new ECB strategy set the bank inflation target at 2%, giving up its previous formulation of below but close to 2%, and signaled that periods of low inflation, as currently experienced, may require more persistent monetary pol...
04 Jul 21 (Sun)
All Eyes Will Be On FOMC And ECB Meeting Minutes This Week EUR/USD: The US Dollar has strengthened broadly since FOMC surprised markets last month by signaling it could tighten policy earlier than expected. Last Friday, the data showed that U.S. nonfarm payrolls beat expectations, increasing by 850K jobs last month after rising 583K in May. However, the US Unemployment rate rose to 5.9% from 5.8% in May. In the upcoming week, the minutes of the FOMC meeting due Wednesday is expected to provide investors with an insight into the Fed’s thinking on monetary policy. I...
27 Jun 21 (Sun)
Pay Attention To US Nonfarm Payrolls This Week EUR/USD: Last week's data showed that the US personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, increased 0.5%, below expectations of an 0.6% increase. In the 12 months through May, the core PCE price index shot up 3.4%, the largest gain since April 1992. Fed policymakers have been offering differing viewpoints on how long inflation is likely to stay high and when it will be appropriate to tighten monetary policy after the Fed last week surprised markets by forecas...
20 Jun 21 (Sun)
What To Watch For Trading This Week EUR/USD: The US dollar rose to its highest level in two months versus major peers after the Federal Reserve unexpectedly brought forward its projections for interest rate hikes into 2023. U.S. Federal Reserve was taking a more hawkish stance than expected and planning for two interest rate increases of 25 basis points in 2023, a year earlier than expected. Additionally, Fed Chair Powell indicated that the members of the FOMC had begun the conversation on stopping the bank’s massive bond-buying program. In the upcoming we...
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