Weekly Outlook |Merit Forex

Focus On The ECB And FOMC Meeting Minutes This Week EUR/USD: In last week's Fed Chair Powell's Testimony, Powell signaled that a faster pace of inflation would push the central bank off the sidelines. He also added Coronavirus impacts to China could spill over into the global economy. On Sunday, China reported more than 68K cases of the illness and 1.665 deaths. The US consumer price index rose 0.2%, in line with expe...

Watch Out For The Fed Chair Powell's Testimony And US Inflation EUR/USD: Last Friday's US Non-Farm Payrolls Data showed that; the U.S. economy added 225K jobs in January, well above the 160K consensus forecast. Average hourly earnings rose by 0.2%, falling short of the 0.3% increase expected. The jobless rate edged up to 3.6%, from 3.5%. In the upcoming week, we will closel...

Pay Attention To US Non-Farm Payrolls Data This Week EUR/USD: The Federal Reserve held rates steady last Wednesday. Fed Chairman Jerome Powell said the central bank expects that the pace of bill purchases will continue until reserves reach an ample level, expected sometime in the second quarter. The pace of purchases will be gradually scaled down after enough reserves have been built up in the system. On the other hand...

Get Ready For The Fed and BoE Interest Rate Decisions EUR/USD: The European Central Bank left key rates unchanged in the January meeting. Euro has dropped to the lowest this year versus the US Dollar after Christine Lagarde, President of the ECB, said that it will take climate change into its considerations. The crisis may trigger the usage of additional monetary stimulus. ECB launched a review of its monetary policy...

All Eyes Will Be On ECB Rate Decision And Davos Summit This Week EUR/USD: The United States and China signed the first part of the trade agreement last Wednesday. The trade deal largely priced into markets. Trump said they are leaving tariffs on to allow more leverage in talks and all tariffs will come off when they finish the Phase2 deal. On the other hand, the US inflation rose less than forecast in...

US Non-Farm Payrolls Data Is Behind Us: Now Focus On US CPI Inflation EUR/USD: The U.S. economy added fewer jobs than expected last month. The US Nonfarm Payrolls rose 145K in December, compared with expectations for a rise of 164K according to economists’ forecasts. The unemployment rate remained steady at 3.5%, as predicted. White House economic adviser Larry Kudlow said that job numbers are still very strong. Stock mar...