All Eyes Will Be On The US GDP Growth And BoE Rate Decision EUR/USD: The Federal Reserve kept interest rates on hold Wednesday, signaling that the current path of monetary policy was "appropriate" to support economic growth and would likely remain in place through next year. The Fed maintained its outlook on U.S. economic growth, forecasting growth of 2.2% in 2019 and 2.0% in 2020. Growth for 2021 and 2021 was also...
15 Dec 19 (Sun)
08:23 pm Read MoreA Busy Week Ahead: Watch Out For UK General Election, Fed and ECB Rate Decisions! EUR/USD: We got a strong US Jobs Report last Friday. The US created 260K new jobs in November, marking the biggest gain. The unemployment rate slipped to 3.5% from 3.6% and matched a 50-year low. The average wage paid to American workers rose 0.2%, to $28.29 an hour. The 12-month rate of hourly wage gains slipped to 3.1% from 3.2%. The EURUSD pair...
08 Dec 19 (Sun)
07:18 pm Read MoreA Huge Week For Trading: Focus On US Non-Farm Payrolls EUR/USD: The Euro extended losses versus the US Dollar after the releases of strong US economic data last week. Third-quarter economic growth was revised up to an annualized 2.1% from the first reading of 1.9%. The data was in contrast to other indicators showing a slowdown in global activity. In a separate report, durable goods gained 0.6% after falling 1.4% in the...
01 Dec 19 (Sun)
07:28 pm Read MoreEUR/USD: The US Dollar rose versus the Euro last Friday after Trump's comments about the US-China trade deal. US President Trump said a deal with China was potentially very close. The minutes of the last FOMC policy meeting released last Wednesday. Most officials saw rates as well-calibrated, according to the meeting minutes. FOCM Minutes also signaled that monetary policy would likely remain on pause for the rest of the year unless there...
24 Nov 19 (Sun)
05:48 pm Read MoreComing Up: FOMC And ECB Meeting Minutes! EUR/USD: In last week's congressional testimony, Federal Reserve Chair Powell made clear that there would be no further cuts to U.S. interest rates barring a major deterioration in the economy. Powell said that while the economy is on track right now, there are risks to the current economic expansion. The market also got fresh US-China trade hope despite no new details on ta...
17 Nov 19 (Sun)
07:55 pm Read MoreKeep Your Eye On Inflation Numbers From US And Eurozone This Week EUR/USD: The EURUSD pair found sellers from the 1.1165 daily resistance level and then showed a downward movement last week. The US Dollar rose versus the Euro as it advanced on hopes for an improving US trade outlook despite persisting Federal Reserve interest rate cut bets. The euro has also traded weaker after the European Commission’s forecast reflecte...
10 Nov 19 (Sun)
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