All Eyes Will Be On FOMC Minutes This Week EUR/USD: US Dollar was up last week, with stronger-than-expected U.S. inflation data and hawkish comments from a Federal Reserve policymaker increasing bets of a substantial interest rate hike The US Commerce Department said on Tuesday that the trade deficit rose 1.8% to $80.7 billion in December. Data for November was revised lower to show a $79.3 billion gap instead of the previously reported $80.2 billion. Investors have been revising their forecasts for ECB rate hikes after the bank caught them off guard last week, with Preside...
13 Feb 22 (Sun)
11:18 pm Read MorePay Attention To US Nonfarm Payrolls This Week EUR/USD: The U.S. economy notched its strongest growth in nearly four decades in 2021 after the government pumped trillions of dollars in COVID-19 relief. The economy grew 5.7% in 2021, the strongest since 1984, as the government provided nearly $6 trillion in pandemic relief. Last week, the Fed indicated it was likely to raise U.S. interest rates in March, as widely expected, and reaffirmed plans to end its pandemic-era bond purchases that month before launching a significant reduction in its asset holdings Fed Chair Jerome Po...
30 Jan 22 (Sun)
03:40 pm Read MoreWeekly Technical Analysis For January 17th to 21st, 2022 What To Watch For Trading This Week EUR/USD: US Inflation is surging as COVID-19 and the recovery from the pandemic has caused bottlenecks in the supply chain. US Consumer prices jumped 7% year-on-year in December, the largest gain since June 1982, the government said on Wednesday. The US producer price index for final demand increased 0.2% last month after surging 1.0% in November. Wholesale services prices rose 0.5%, accounting for the increase in the PPI. That followed a 0.9% jump...
16 Jan 22 (Sun)
08:12 pm Read MoreAll Eyes Will Be On US Nonfarm Payrolls This Week EUR/USD: Last week, U.S. data released on Thursday showed that initial jobless claims fell to 198,000 last week, with the job market seemingly undented by the spread of the omicron COVID-19 variant. The data also said that the Chicago PMI was a higher-than-expected 63.1 for December. Global COVID-19 infections hit a record high over the past seven days but, comforted by data suggesting the virus may turn out to be milder than in previous waves, many governments have resisted imposing widespread new lockdown...
02 Jan 22 (Sun)
06:57 pm Read MoreWhat To Watch For Trading This Week EUR/USD: Last week, the US dollar was down versus the Euro, with investors towards riskier assets as fears of the omicron COVID-19 variant virulence continue to fade Last Wednesday, U.S. data released and it showed that the GDP grew 2.3% quarter-on-quarter in the third quarter of 2021. US Existing home sales were at 6.46 million for November and the Conference Board Consumer Confidence index was at 115.8 for December. Additionally, the US personal consumption expenditures price gauge, which the Federal Reserve uses for its 2% i...
27 Dec 21 (Mon)
06:28 am Read MorePay Attention To US GDP Numbers And PCE inflation EUR/USD: Last week, the Federal Reserve kept interest rates near zero, but said it would step up the tapering of bond purchases and signaled up to three rate hikes next year to curb elevated inflation. The committee said it would increase the taper of its bond purchases by $30 billion a month in January, double the $15 billion monthly pace announced in November. The Fed signaled its inflation target has been met, and its announcement on ending the bond purchases paved the way for three quarter-percentage-point intere...
19 Dec 21 (Sun)
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