Weekly Outlook

Weekly Technical Analysis For December 28th, 2020 to January 1st, 2021

27 Dec 20 (Sun)
05:49 pm

Weekly Technical Analysis For December 28th, 2020 to January 1st, 2021

What To Watch For Trading This Week EUR/USD: The Brexit deal has been reached. The United Kingdom and the European Union closed in on a post-Brexit trade agreement after months of fraught negotiations EU von der Leyen said a trade deal with the UK is fair, balanced, and right. It was a long and winding road but we got a good deal. We will ensure Brexit is left behind. The single market will be fair and rem...

Weekly Technical Analysis For December 21st to 25th, 2020

20 Dec 20 (Sun)
04:47 pm

Weekly Technical Analysis For December 21st to 25th, 2020

Pay Attention To US GDP Number This Week EUR/USD:   The US Dollar was under selling pressure last week as progress toward a massive U.S. government spending bill and COVID-19 relief measures whetted risk appetite. The Federal Reserve kept rates unchanged last Wednesday and signaled that near-zero rates would continue through 2023 to support the next phase of the economic recovery as the vaccine rollout gets underway.

Weekly Technical Analysis For December 14th to 18th, 2020

13 Dec 20 (Sun)
08:05 pm

Weekly Technical Analysis For December 14th to 18th, 2020

All Eyes Will Be On The Fed Rate Decision This Week EUR/USD: Last week, ECB left rates unchanged, expands PEPP by €500 billion to end-March 2022. ECB increased PEPP program by EUR500 billion to EUR1.85 trillion.  Extends PEPP horizon to March 2022, PEPP reinvestment until the end of 2023, and extends TLTRO3 terms to June 2022. ECB's Lagarde said that Euro appreciation is important, adds that it puts dow...

Weekly Technical Analysis For December 7th To 11th, 2020

06 Dec 20 (Sun)
06:48 pm

Weekly Technical Analysis For December 7th To 11th, 2020

Focus On US CPI inflation And ECB Rate Decision This Week EUR/USD: The US Jobs Report is a disappointing read throughout last week.  US payrolls rose just 245k versus 460k consensus, the unemployment rate edged down to 6.7 percent, the U.S. Bureau of Labor Statistics reported last Friday. The US Dollar was under selling pressure last week as investors continue to shift to risky assets and higher return...

Weekly Technical Analysis For November 30th to December 4th, 2020

29 Nov 20 (Sun)
05:34 pm

Weekly Technical Analysis For November 30th to December 4th, 2020

Get Ready For US Nonfarm Payrolls, Powell and Mnuchin's Testimony  EUR/USD: The US Dollar was under pressure last week with traders expecting large-scale stimulus from the new US administration to combat the Covid-19 pandemic. Optimism over several COVID-19 vaccine developers, including Pfizer and Moderna announcing positive results for their offerings over the last two weeks, put the dollar under pressure as...

Weekly Technical Analysis For November 22nd to 27th, 2020

22 Nov 20 (Sun)
06:07 pm

Weekly Technical Analysis For November 22nd to 27th, 2020

Watch Out For FOMC Meeting Minutes And US GDP Number EUR/USD:  Risk appetite has improved on the back of coronavirus vaccine development news. However, German Chancellor Merkel said she is optimistic that next we can find a way out of coronavirus but at the moment the coronavirus situation remains very serious.  Last week, US Treasury Secretary Steve Mnuchin has requested that the Federal Reserve return unused funds allo...

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