13 Jun 21 (Sun)
03:10 pm
Weekly Technical Analysis For June 14th to 18th, 2021
Keep Your Eye On The Fed Rate Decision This Week EUR/USD: Last week, ECB left key rates unchanged in May monetary policy meeting, as expected. The European Central Bank raised its growth and inflation outlooks on Thursday but promised to keep ample stimulus flowing, fearing that a retreat now would accelerate a worrisome rise in borrowing costs and choke off recovery. The US inflation data showed last week that consumer prices up 5% year-on-year, the sharpest rise in more than a dozen years and core inflation surging 0.7% in a month Looking ahead, pay attention to the Fed Monetary...
06 Jun 21 (Sun)
05:10 pm
Weekly Technical Analysis For June 7th to 11th, 2021
A Busy Week Ahead, Focus On US CPI Inflation And ECB Meeting EUR/USD: Last Friday’s data showed that US Nonfarm payrolls increased by 559K last month after a revised 278K gain in April. The jobless rate dropped to 5.8% from 6.1%.US Dollar was under pressure after the disappointing payrolls print. U.S. Treasury Secretary Yellen urged other countries to keep up spending to support their economies even as the COVID-19 pandemic wanes, and said U.S. inflation this year would be elevated but transitory. Looking ahead, we will closely watch the CPI inflation figures on Thursday. Consumer prices ar...
30 May 21 (Sun)
02:03 pm
Weekly Technical Analysis For May 31st to June 4th, 2021
Weekly Technical Analysis For May 31st to June 4th, 2021 Get Ready For US Nonfarm Payrolls This Week EUR/USD: US Dollar showed a downward movement versus the major currencies last week as the Federal Reserve's insistence that stimulus will continue kept yields low. Softer-than-expected U.S. data and fresh insistence from Federal Reserve officials that policy would stay on hold allayed investor fears about inflation forcing interest rates higher. Moreover, the U.S. GDP increased by 6.4% quarter-on-quarter during the first quart...
25 May 21 (Tue)
06:01 am
Weekly Technical Analysis For May 24th to 28th, 2021
Focus On US GDP Growth And Core Durable Goods Orders This Week EUR/USD: The US Dollar was under pressure last week. The minutes from the Federal Reserve last policy meeting revealed there was more talk of tapering its bond purchases than investors had expected. Additionally U.S. dollars pulled back from lower Treasury yields to the rally in stocks and weaker existing home sales, but when they compared the consistent improvements in Markit Economics’ U.S This week's calendar features U.S. data Pending Home Sales, Gross Domestic Product, and Crude Oil Inventories as well as Core Durable G...
16 May 21 (Sun)
03:36 pm
Weekly Technical Analysis For May 17th to 21st, 2021
Get Ready For FOMC Meeting Minutes This Week EUR/USD: Last week, the US CPI inflation rose 4.2% in April from a year ago, well above consensus forecasts for 3.6% and climbing to its highest rate since the eve of the 2008 financial crisis. Additionally, the US Producer Price Index increased 0.6% in April after surging 1.0% in March. The annual figure shot up 6.2%, the biggest year-on-year rise since the series was revamped in...
09 May 21 (Sun)
06:22 pm
Weekly Technical Analysis For May 10th to 14th, 2021
Keep Your Eye On US CPI Inflation This Week EUR/USD: The US Dollar fell versus major currencies after April's U.S. jobs data came in well below expectations, putting a damper on hopes that a roaring economic recovery would spur higher rates. Nonfarm payrolls increased by 266K jobs last month after rising by 770K in March, the Labor Department said in its closely watched employment report. That's was below expectat...
