08 Dec 19 (Sun)
07:18 pm
Weekly Technical Analysis For December 9th to 13th, 2019
A Busy Week Ahead: Watch Out For UK General Election, Fed and ECB Rate Decisions! EUR/USD: We got a strong US Jobs Report last Friday. The US created 260K new jobs in November, marking the biggest gain. The unemployment rate slipped to 3.5% from 3.6% and matched a 50-year low. The average wage paid to American workers rose 0.2%, to $28.29 an hour. The 12-month rate of hourly wage gains slipped to 3.1% from 3.2%. The EURUSD pair...
01 Dec 19 (Sun)
07:28 pm
Weekly Technical Analysis For December 2nd to 6th, 2019
A Huge Week For Trading: Focus On US Non-Farm Payrolls EUR/USD: The Euro extended losses versus the US Dollar after the releases of strong US economic data last week. Third-quarter economic growth was revised up to an annualized 2.1% from the first reading of 1.9%. The data was in contrast to other indicators showing a slowdown in global activity. In a separate report, durable goods gained 0.6% after falling 1.4% in the...
24 Nov 19 (Sun)
05:48 pm
Weekly Technical Analysis For November 25th to 29th, 2019
EUR/USD: The US Dollar rose versus the Euro last Friday after Trump's comments about the US-China trade deal. US President Trump said a deal with China was potentially very close. The minutes of the last FOMC policy meeting released last Wednesday. Most officials saw rates as well-calibrated, according to the meeting minutes. FOCM Minutes also signaled that monetary policy would likely remain on pause for the rest of the year unless there...
17 Nov 19 (Sun)
07:55 pm
Weekly Technical Analysis For November, 18th to 22nd, 2019
Coming Up: FOMC And ECB Meeting Minutes! EUR/USD: In last week's congressional testimony, Federal Reserve Chair Powell made clear that there would be no further cuts to U.S. interest rates barring a major deterioration in the economy. Powell said that while the economy is on track right now, there are risks to the current economic expansion. The market also got fresh US-China trade hope despite no new details on ta...
10 Nov 19 (Sun)
05:22 pm
Weekly Technical Analysis For November 11th to 15th, 2019
Keep Your Eye On Inflation Numbers From US And Eurozone This Week EUR/USD: The EURUSD pair found sellers from the 1.1165 daily resistance level and then showed a downward movement last week. The US Dollar rose versus the Euro as it advanced on hopes for an improving US trade outlook despite persisting Federal Reserve interest rate cut bets. The euro has also traded weaker after the European Commission’s forecast reflecte...
03 Nov 19 (Sun)
06:19 pm
Weekly Technical Analysis For November 4th to 8th, 2019
The Fed Decision And US Non-Farm Payrolls Data Are Behind Us, What Is Next? EUR/USD: We received a strong US Non-Farm Payrolls data last Friday. The US Nonfarm Payrolls in October increased by 128K following September's reading of 180K (revised from 136K) and came in stronger than the market expectation of 89K. The unemployment rate ticked up to 3.6% in October as expected. Annual wage inflation, as measured by average hourl...
