weekly forex

This coming week is heavy on the economic data front. Both the Boj and the Fed are publishing their monetary policy statements and interest rate decisions, on Tuesday and Wednesday respectively. Preliminary U.S and Euro Area first quarter GDP data will be published on Thursday and Friday, while...

U.S. retail data published this week is projected to jump +5.5% for the month of March, the third highest reading, excluding May 2020 reading of 18.3% due to base effects. Retail spending has been volatile in the last 12 months due to imposed lockdowns but also increased propensity to save as...

Joe Biden revealed the details of his US $2.25 trillion infrastructure stimulus plan last Wednesday. The key areas of interest, as expected, are modernizing infrastructure and upgrading manufacturing, research and development, as well as addressing climate change. The second plan, expected later...

The upcoming week has been highly anticipated due to the number of central bank meetings taking place. We have the Fed, Bank of England and Bank of Japan giving their projections, monetary policy statement and announcing new benchmark interest rate. Out of the three, the Fed Chair Powell’s...

The markets have shrugged off the recent volatility event and taken a step higher once again with S&P 500 rising 4.65%, Nasdaq-100 5.25% while Russell 2000 was up 7.7% last week. All these indexes reached another all-time-high. Risk-on sentiment has been prevailing since last week when President...

The world seems to be slightly more normal and pleasantly boring now that president Biden and vice-president Harris have taken office. The inauguration ceremony took place with no major escalations as Washington D.C. and other major U.S cities were heavily guarded. Biden signed a dozen of...

As we are nearing the 20th of January inauguration day in the U.S., the turmoil around U.S. Capitol building breach has not subsided. Around 20,000 National Guardsmen are expected to flood Washington D.C. next week, as per New York Times. Last week House Democrats sent a resolution to Vice...

Follow my Signals Completely Free AUD/USD The bearish trend continued through our tight stop loss last week and executed the sell trade. We are currently at 0.9438 but I will be looking for a take profit around 0.9278. However I will be locking in some profit around the previous swing high...