Weekly Outlook

Weekly Technical Analysis For November 16th to 20th, 2020

15 Nov 20 (Sun)
07:42 pm

Weekly Technical Analysis For November 16th to 20th, 2020

What To Watch For Trading This Week EUR/USD:  U.S. drugmaker Pfizer and German partner BioNTech said on Monday a large-scale clinical trial showed their vaccine was more than 90% effective in preventing COVID-19. the news of progress towards a COVID-19 vaccine boosted risk appetite in global markets. However, the continuing rise of new Covid-19 cases throughout Europe and the U.S. is making traders nervous. The prospect...

Weekly Technical Analysis For November 9th to 12th, 2020

08 Nov 20 (Sun)
07:53 pm

Weekly Technical Analysis For November 9th to 12th, 2020

Focus On US Inflation Numbers This Week EUR/USD:   The US Dollar has weakened over the past week. The market has taken a Biden win as a strong positive for US stocks. Risk currencies have also taken the upcoming change in US administration as a strong positive.  The impactful news item over the weekend was the news of Biden's election win. A big congrats to Kamala Harris, the first female vice-president of the United...

Weekly Technical Analysis For November 2nd to 6th, 2020

01 Nov 20 (Sun)
06:13 pm

Weekly Technical Analysis For November 2nd to 6th, 2020

Pay Attention To United States Presidential Election And Fed Interest Rate Decision     EURUSD: The Euro showed a downward movement versus the US Dollar last week as new Covid-inspired lockdowns in Europe prompted the European Central Bank to hint at more monetary easing. Prime Minister Boris Johnson announced a month-long lockdown for England, one of his top ministers and closest allies signaled the measures might have...

Weekly Technical Analysis For October 26th to 30th, 2020

25 Oct 20 (Sun)
06:52 pm

Weekly Technical Analysis For October 26th to 30th, 2020

Get Ready For ECB Interest Rate Decision And US GDP Number EUR/USD: The US Dollar fell versus the Euro as a disappointment over stimulus may not send investors rushing into the world reserve currency. U.S. President Donald Trump and Joe Biden participated in a restrained final presidential debate before the Nov. 3 presidential election. The final debate between the two presidential candidates was more restrained than...

Weekly Technical Analysis For October 12th to 16th, 2020

11 Oct 20 (Sun)
05:26 pm

Weekly Technical Analysis For October 12th to 16th, 2020

All Eyes On US Inflation Numbers This Week EUR/USD:  In the last week, FOMC Minutes showed that many participants noted that their economic outlook assumed additional fiscal support. With longer-term interest rates already very low, there did not appear to be a need for enhanced forward guidance at this juncture or much scope for forwarding guidance to put additional downward pressure on yields. Participants also noted that outcome...

Weekly Technical Analysis For October 5th to 9th, 2020

04 Oct 20 (Sun)
06:37 pm

Weekly Technical Analysis For October 5th to 9th, 2020

Watch Out For FOMC Meeting Minutes This Week EUR/USD: Last Friday, the US Non-Farm Payroll report printed at +661K, well below the +900K reading expected. The US unemployment rate drops to 7.9% from 8.4%, but average hourly earnings came in at just +0.1% m/m versus +0.5% eyed President Donald Trump and First Lady Melania Trump have tested positive for Covid-19 last week. Trump’s condition is improving as he is being trea...

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