Weekly Outlook

Weekly Technical Analysis For July 2nd to 6th, 2018

09 Jul 18 (Mon)
11:48 am

Weekly Technical Analysis For July 2nd to 6th, 2018

Keep Your Eye On US NFP and FOMC Minutes EUR/USD: The first half of 2018 is behind us now.  The US Dollar rally came under threat after US GDP slowed to a 2.0% annual rate in the first quarter, missing estimate of 2.2%. Also, Core PCE reading came out at 2.3% as the same as previous number. The EURUSD pair re-tested the 1.1531 key support level, but could not break down it. The FOMC meeting notes and US Jobs Report will be important releases of next wee...

Weekly Technical Analysis For June 25th to 29th, 2018

09 Jul 18 (Mon)
11:46 am

Weekly Technical Analysis For June 25th to 29th, 2018

GDP Numbers Are In Focus: Will EURUSD Move Up? EUR/USD: The EURUSD pair dropped to the 1.1531 key support level and then bounced back up above 1.1607 last week. Last Friday, President Trump stated that if tariffs by the EU on the US are not broken down then the US will place 20% tariff rates on their auto sector. Trade tensions are growing between the US and its top trading partners for now. In the upcoming week, watch out for US Final GDP growth...

Weekly Technical Analysis For June 18th to 22nd, 2018

09 Jul 18 (Mon)
11:42 am

Weekly Technical Analysis For June 18th to 22nd, 2018

FED, ECB Decisions Behind Us; What Is Next? EUR/USD: Euro tumbled last week after ECB signals end of QE. The ECB keeps interest rates unchanged at 0%, as expected. Net asset purchases will be reduced to €15 billion from Oct until the end of December 2018 and that net purchases will then end. However, rates will be unchanged till Summer 2019. The EURUSD dropped sharply on dovish ECB. The other significant event of last week was the FOMC Monetary Poli...

Weekly Technical Analysis For June 11th to 15th, 2018

09 Jul 18 (Mon)
11:39 am

Weekly Technical Analysis For June 11th to 15th, 2018

A Huge Week Ahead; Key Rate Decisions From FED, ECB, and BOJ EURUSD: US Dollar finally pulled back after the six-week bullish trend and the EURUSD showed upward movement and hit the daily resistance level of 1.1812 on easing political tensions in Eurozone. If we look at last week’s economic agenda; The Eurozone economy grew by an annualized 2.5% in the three months to March, in line with the preliminary es...

Weekly Technical Analysis For June 4th to 8th, 2018

09 Jul 18 (Mon)
11:37 am

Weekly Technical Analysis For June 4th to 8th, 2018

This Week's Focus: Global Trade Tensions EURUSD: US Nonfarm Payrolls rose by 223K in May. The data was higher than the consensus estimate for the creation of 189K jobs. The unemployment rate surprised us and it fell from 3.9% to 3.8%. Also, Average hourly earnings advanced 0.3% month-on-month in May, above expectations for a 0.2% gain. Last week's biggest news was that the US imposed new 25% tariffs on steel and 10% tariffs on aluminum...

Weekly Technical Analysis For May 28th to June 1st, 2018

09 Jul 18 (Mon)
11:32 am

Weekly Technical Analysis For May 28th to June 1st, 2018

EURUSD: The US dollar has extended gains and reached to a six-month high against the major currencies. Last Wednesday, the Federal Reserve’s minutes signaled additional rate hikes would be needed to prevent the economy from overheating. Also, strong US data continues to point to underlying strength in the US economy. In the upcoming week, the most important release will be the US Jobs Report. The US Nonfarm Payrolls is expected to 190K jobs crea...

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