Weekly Outlook |Merit Forex

Watch Out For US Non-Farm Payrolls Data This Week EUR/USD:   The US Dollar fell further last week as the likely passage of a $2.2 trillion U.S. package helped soothe worries of a global recession following the coronavirus outbreak and also looked set to increase the Federal Reserve’s balance sheet substantially. Federal Reserve Jerome Powell said the U.S. may well already be in a recession. But he add...

What To Watch For This Week EUR/USD: The Euro slumped further against the US Dollar last week as market volatility increased after the Bank of England (BoE) announced its second emergency rate cut this month. The US Dollar rose to its highest level in more than three years last week on higher demand as the dash for cash continued. Fed said swaps lines will be in amounts up to $30bln for Australia, Brazil, South Korea, Denm...

A Busy Week For Trading: Fed And BoJ Rate Decisions Coming EUR/USD:  The US dollar gained value against all major currencies last week amid deepening panic about the coronavirus. The Euro showed a downward movement after the European Central Bank disappointed by not cutting rates The European Central Bank (ECB) surprisingly announced that it was not cutting rates. Instead, the ECB introduced measures to support bank lend...

Pay Attention To The ECB Rate Decision And US CPI Inflation This Week EUR/USD: Last week, the US Central Bank, Federal Reserve delivered a surprise rate cut to cushion the potential impact from the spread of coronavirus on the economy.  The Fed’s decision to cut rates came two weeks ahead of a regularly scheduled policy meeting. The last time the Fed made a rate cut between scheduled meetings was in October 2008 at the he...

Get Ready For The US Non-Farm Payrolls Data This Week EUR/USD: Markets have aggressively priced in monetary easing from the Federal Reserve for March 18 Meeting. Traders have started to think the Federal Reserve may be forced into an emergency interest-rate cut if the coronavirus gets much worse. The World Health Organization said last week that the coronavirus outbreak's risk impact is very high at the global level. Covid...

All Eyes Will Be On US GDP Number This Week EUR/USD:  Last week's FOMC Meeting Minutes showed there was a firm consensus among members to keep rates on hold until there was a significant change to the U.S. economic outlook. According to the FOMC minutes, the outbreak of the coronavirus was flagged as a new risk to the global growth outlook, which Fed members said warranted close watching at present, suggesting that th...