12 Apr 20 (Sun)
Weekly Technical Analysis For April 13th to 17th, 2020 What To Watch For This Week EUR/USD: US Dollar was under pressure after the US Initial Jobless Claims soared to a worse-than-expected 6.6 million despite lower estimates. This laid bare the coronavirus’ negative impact on the American economy. US Federal Reserve announced new lending plans with $2.3 trillion dollars being...
05 Apr 20 (Sun)
Keep Your Eye On OPEC Meeting And FOMC Minutes EUR/USD: US Non-Farm Payrolls plunged 701k in March, a far greater collapse than the expected, -100k. The unemployment rate rose to 4.4% from 3.5%. The coronavirus pandemic caused massive disruptions to the global trade and labor market. On the other hand, Euro was under selling pressure last week with the publication of the Eurozone’s final March PMIs. The data showed an e...
29 Mar 20 (Sun)
Watch Out For US Non-Farm Payrolls Data This Week EUR/USD: The US Dollar fell further last week as the likely passage of a $2.2 trillion U.S. package helped soothe worries of a global recession following the coronavirus outbreak and also looked set to increase the Federal Reserve’s balance sheet substantially. Federal Reserve Jerome Powell said the U.S. may well already be in a recession. But he add...
22 Mar 20 (Sun)
What To Watch For This Week EUR/USD: The Euro slumped further against the US Dollar last week as market volatility increased after the Bank of England (BoE) announced its second emergency rate cut this month. The US Dollar rose to its highest level in more than three years last week on higher demand as the dash for cash continued. Fed said swaps lines will be in amounts up to $30bln for Australia, Brazil, South Korea, Denm...
15 Mar 20 (Sun)
A Busy Week For Trading: Fed And BoJ Rate Decisions Coming EUR/USD: The US dollar gained value against all major currencies last week amid deepening panic about the coronavirus. The Euro showed a downward movement after the European Central Bank disappointed by not cutting rates The European Central Bank (ECB) surprisingly announced that it was not cutting rates. Instead, the ECB introduced measures to support bank lend...
08 Mar 20 (Sun)
Pay Attention To The ECB Rate Decision And US CPI Inflation This Week EUR/USD: Last week, the US Central Bank, Federal Reserve delivered a surprise rate cut to cushion the potential impact from the spread of coronavirus on the economy. The Fed’s decision to cut rates came two weeks ahead of a regularly scheduled policy meeting. The last time the Fed made a rate cut between scheduled meetings was in October 2008 at the he...
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