21 Oct 18 (Sun)
07:31 pm
Weekly Technical Analysis For October 22nd to 26th, 2018
Next Up, Will The ECB Meeting Support Euro? EUR/USD: The EURUSD pair showed a bearish action last week after the Fed Meeting Minutes were published. The Federal Reserve stated it will gradually raise interest rates as the upbeat economic data continued and inflation remained within its target range. The Fed said the GDP appeared to be rising at a strong rate in the third quarter, similar to its pac...
14 Oct 18 (Sun)
07:43 pm
Weekly Technical Analysis For October 15th to 19th, 2018
Pay Attention To The Fed Minutes This Week! EUR/USD: The EURUSD pair found buyers just below the 1.1446 key support level and reached the daily resistance level of 1.1607. The US Dollar was under pressure as U.S. inflation missed expectations. The Consumer Price Index rose 0.1% last month, and 2.3% for the yearly basis, lower than the forecast for a 2.4% rise. In the u...
07 Oct 18 (Sun)
07:00 pm
Weekly Technical Analysis For October 8th to 12th, 2018
The US CPI Is In Focus; Will EUR/USD Continue To Fall? EUR/USD: The US Dollar extended gains versus the Euro last week. The EURUSD pair found sellers from the daily resistance level of 1.1607 and then closed the week just below the 1.1531 key level. Last Friday, the September’s US Non-Farm Payrolls data came out less than expected due to the effects of Hurricane Florence...
30 Sep 18 (Sun)
07:33 pm
Weekly Technical Analysis For October 1st to 5th, 2018
The US Nonfarm Payrolls Are In Focus This Week: Are US Dollar Bulls Back In Control? EUR/USD: The US Dollar stayed tall versus the Euro in the last week of Q3 and the EURUSD pair closed the week just below the major level of 1.1607. Last Wednesday, the Federal Reserve lifted federal-funds rates by 25 basis points for the third time this year and signaled it was prepared to increase again in December. In a surprising twist, th...
23 Sep 18 (Sun)
06:54 pm
Weekly Technical Analysis For September 24th to 28th, 2018
Next Up, Wednesday’s FOMC Meeting: What To Expect From The FED EUR/USD: The US dollar pulled off a three-month low hit versus the Euro last week. The US-China trade conflict is growing. We have seen the US announce tariffs of $200bn on Chinese exports to the US – with the potential for more to come. China retaliated with the announcement of tariffs in the range of 5-10% on $60bn US imports. The FOMC Monetary Policy Meeti...
16 Sep 18 (Sun)
04:58 pm
Weekly Technical Analysis For September 17th to 21st, 2018
Keep Your Eye On Eurozone And UK CPI Numbers! EURUSD: The US Dollar extended losses last week against the major currencies mainly due to the soft US CPI. Annual core-CPI declines to 2.2% in August vs 2.4% expected. However, It still pointed to a steady increase in inflation pressures that should keep the Federal Reserve on track to gradually raise interest rates. Additionally, the ECB kept policy unchanged as e...
