31 May 20 (Sun)
Weekly Technical Analysis For June 1st to 5th, 2020 Get Ready For The US Non-Farm Payrolls This Week EUR/USD: The Euro rose versus the US Dollar last week, driven by increased confidence in the global economy. The release of the Eurozone’s flash CPI data for May fell from 0.3% to 0.1% last week which is a four-year low. Thursday’s initial jobless claims data showed that more than two mi...
28 May 20 (Thu)
What To Watch For This Week EUR/USD: US Dollar was under pressure after The FOMC Meeting Minutes last week. The minutes warned that the COVID-19 virus posed both a severe economic threat and a risk to financial stability, but also hinted at more stimulus measures for economic recovery. However, tensions between the United States and China supported safe-haven demand for the greenback last Friday. China-U....
17 May 20 (Sun)
Pay Attention To The FOMC Meeting Minutes This Week EUR/USD: Last week, the US Consumer Price Index fell 0.8% last month, with the year-on-year pace slowing to 0.3% from 1.5%. The US Commerce Department showed on Friday that retail sales fell 16.4% last month, worse than the 12% decline expected. U.S. President Donald Trump said he was disappointed with China's failure to contain the coronavirus, that this ha...
10 May 20 (Sun)
Watch Out For The US CPI And Retail Sales Data This Week EUR/USD: Last week, the US Labor Department reported that the US economy lost 20.5 million jobs in April, the steepest plunge since the Great Depression. The unemployment rate jumped to 14.7%. The report showed the coronavirus negative impact on the American economy. US President Trump said last week that he was "very torn" about whether to end the Phase-1 trade dea...
03 May 20 (Sun)
A Busy Week For Trading: Focus On US Nonfarm Payrolls EUR/USD: The Federal Reserve left its benchmark rate unchanged in the range of 0% to 0.25% and said it would keep rates within the current range until the economy has moved on from the Covid-19 crisis and is on track to meet the central bank's targets. In the press conference, Fed Chairman Powell said the current stance of monetary policy remained approp...
26 Apr 20 (Sun)
Keep Your Eye On Fed Rate Decision And US GDP Growth This Week EUR/USD: The Euro under pressure last week after EU leaders failed to agree on a coronavirus recovery package as bloc members at are odds over how to finance it. European Central Bank President Lagarde warned that the European Union's economy could shrink by as much as 15% this year as a result of the pandemic. Looking ahead, pay attention to th...
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