EUR/USD: Still under bearish pressure below 1.1800

EUR/USD: Still under bearish pressure below 1.1800   EUR/USD is probably the most important currency pair to watch ahead of ECB Monetary Policy Statement. Since last Thursday this currency pair prints a strong bearish trend, as all eyes remain on the key ECB Press Conference. The market’s cautious sentiment ahead of the week’s key events, […]

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 […]

EUR/USD: Still under bearish pressure

EUR/USD is probably the most important currency pair to watch ahead of FOMC Minutes. The currency pair prints a three-day downtrend, as all eyes remain on the key Fed meeting minutes. The market’s cautious sentiment ahead of the week’s key events, namely the FOMC Minutes and a special meeting of the European Central Bank (ECB) […]

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 […]

Why is my broker trading against me?!

The majority of traders who are either beginning this journey or are on a path that they don’t know well believe that their broker is one of their biggest enemies. Brokers closed out my trades, the broker is taking a contrary position against mine, broker closed my trade and the position went in my favor […]