13 Sep 20 (Sun)
Pay Attention To Fed Interest Rate Decision This Week EUR/USD: Last week, the European Central Bank left policy unchanged Thursday, as widely expected, but also marginally lifted its growth outlook for the year, buoyed by improving consumer demand. In the ECB press conference, the tone was surprisingly optimistic. Lagarde focused the success of the pandemic emergency purchase program, and the targeted longer-term r...
06 Sep 20 (Sun)
All Eyes On ECB Interest Rate Decision And US CPI Inflation EUR/USD: The August Non-Farm Payrolls report showed that the US economy added 1.371 million jobs in August as compared to 1.4 million expected. Moreover, the July reading was also revised lower to 1...
04 Sep 20 (Fri)
Get ready for the US Non-Farm Payrolls today! The US Jobs Report will be released at 12:30 p.m. (GMT). Why Is This Important? The Non-Farm Payrolls track the change in the number of people employed by the US in manufacturing, construction, and goods companies. It does not include farming industry employment. The US Jobs Report is so important for the upcoming Fed decisions. The US Dollar halt its recent slide, but economists warn sentiment remains weak due to concern about the strength of U.S. economic growth and speculation that the Federal Reserve will keep rates low for...
30 Aug 20 (Sun)
A Huge Week For Trading: Watch Out For US Nonfarm Payrolls Data EUR/USD: The Euro stayed strong versus the US Dollar last week. The Euro has rallied more than 10% since virus turmoil shook global markets in March, buoyed by the European Union’s policy response to the crisis, and as low-interest rates in the U.S. weaken the dollar. On the other hand, the US dollar weakened last Friday, giving back early gains af...
23 Aug 20 (Sun)
Get Ready For Jackson Hole Symposium And US GDP Number EUR/USD: In the last week, the Federal Reserve warned that the path to U.S. economic recovery from the Covid-19 outbreak remained highly uncertain, with the recovery in hiring starting to slow. In the Eurozone area, the minutes from the July meeting of the ECB’s governing council, released on Thursday, noted that several policymakers questioned whether the 1.35 tril...
16 Aug 20 (Sun)
A Busy Week Ahead: Focus On FOMC Meeting Minutes This Week EUR/USD: The EURUSD pair continued to be driven by global risk sentiment last week. Russia's Health Ministry has registered 1st coronavirus vaccine in the world. Safe havens showed some profit-taking actions after the coronavirus vaccine news. Concerns continue to grow over the US stimulus package following President Donald Trump’s accusation that congressi...
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