Fed Chair Powell Testifies, USD

Thursday, July 15, 2021, 15:30 Fed Chair Powell Testifies, USD Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy. The testimony usually comes in 2 parts: first, he reads a prepared statement, then the committee will hold a question and answer session. Since the questions are […]

BOC Monetary Policy Report and BOC Rate Statement

Wednesday, July 14, 2021, 16:00 BOC Monetary Policy Report and BOC Rate Statement BOC Governor and Senior Deputy Governor hold a press conference after the release of the BOC Monetary Policy Report. The press conference has 2 parts – first, a prepared statement is read, then the conference is open to press questions. The BOC […]

CPI-Consumer Price Index US

Tuesday , July 13, 2021, 14:30 CPI-Consumer Price Index US CPI represents change in the price of goods and services purchased by consumers. The Consumer Price Index released by the US Bureau of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods […]

ECB President Lagarde Speaks

Thursday, July 8, 2021 Tentative (all day) ECB President Lagarde Speaks ECB President Lagarde will hold a press conference about ECB Strategy Review, in Brussels. Volatility is often experienced during her speeches as traders attempt to decipher interest rate clues. ECB controls short term interest rates; according to that, President Lagarde has more influence over […]

FOMC Meeting Minutes

Wednesday, July 7, 2021 08:00 PM FOMC Meeting Minutes FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are […]

Technical Analysis: EURUSD remains bearish after a strong correction

EUR/USD went back above 1.19 after a nice price correction. A strong sell environment has recovered after today’s US Core CPI. Ten-year Treasury yields are hovering around 1.55% ahead of the all-important bond-auction due later.  The EUR/USD pair spent most of the day trading a handful of pips below the 1.1900 level, confined to a tight 60 […]

Technical analyses: EURUSD confirms new support above 1.19

This was an interesting week for EUR/USD that pooled back above 1.19 at the beginning of the week. Conformation filed with retest above this level still made traders taking advance of bullish trades on Friday. EUR/USD is stabilizing as US yields are off their highs and the market mood is marginally better.  The EURUSD pair […]

Technical Analysis: EURUSD remains bearish after a strong correction

EUR/USD went back above 1.19 after a nice price correction. A strong sell environment has recovered after today’s US Core CPI. Ten-year Treasury yields are hovering around 1.55% ahead of the all-important bond-auction due later.  The EUR/USD pair spent most of the day trading a handful of pips below the 1.1900 level, confined to a tight 60 […]