Weekly Outlook |Merit Forex

Keep Your Eye On Federal Reserve Chair Jerome Powell's Testify EUR/USD:   Last week, the U.S. Federal Reserve’s decision is not to provide additional stimulus at its latest meeting. The Federal Reserve kept rates unchanged Wednesday and signaled that interest rates would stay close to zero at least through 2023, to support the economy's ongoing recovery. This was widely expected, but the central bank also lifted its gr...

Pay Attention To Fed Interest Rate Decision This Week EUR/USD:   Last week, the European Central Bank left policy unchanged Thursday, as widely expected, but also marginally lifted its growth outlook for the year, buoyed by improving consumer demand. In the ECB press conference, the tone was surprisingly optimistic. Lagarde focused the success of the pandemic emergency purchase program, and the targeted longer-term r...

All Eyes On ECB Interest Rate Decision And US CPI Inflation EUR/USD: The August Non-Farm Payrolls report showed that the US economy added 1.371 million jobs in August as compared to 1.4 million expected. Moreover, the July reading was also revised lower to 1...

Get ready for the US Non-Farm Payrolls today! The US Jobs Report will be released at 12:30 p.m. (GMT). Why Is This Important? The Non-Farm Payrolls track the change in the number of people employed by the US in manufacturing, construction, and goods companies. It does not include farming industry employment. The US Jobs Report is so important for the upcoming Fed decisions. The US Dollar halt its recent slide, but economists warn sentiment remains weak due to concern about the strength of U.S. economic growth and speculation that the Federal Reserve will keep rates low for...

A Huge Week For Trading: Watch Out For US Nonfarm Payrolls Data EUR/USD: The Euro stayed strong versus the US Dollar last week. The Euro has rallied more than 10% since virus turmoil shook global markets in March, buoyed by the European Union’s policy response to the crisis, and as low-interest rates in the U.S. weaken the dollar.  On the other hand, the US dollar weakened last Friday, giving back early gains af...

Get Ready For Jackson Hole Symposium And US GDP Number EUR/USD: In the last week, the Federal Reserve warned that the path to U.S. economic recovery from the Covid-19 outbreak remained highly uncertain, with the recovery in hiring starting to slow. In the Eurozone area, the minutes from the July meeting of the ECB’s governing council, released on Thursday, noted that several policymakers questioned whether the 1.35 tril...