MohamedElsodoody

MohamedElsodoody

In this post I will mention the FED-ECB monetary policy updates, inflation updates, data analysis, and what price action to expect ahead accordingly? FUNDAMENYAL KEYQUOTES 1- FED monetary policy and inflation updates >> - Federal Reserve Governor Christopher Waller said he could support an announcement soon on scaling back the central bank's bond purchases if...

MohamedElsodoody

In this post I will mention the recent fundamentals and what to expect ahead accordingly? FUNDAMENTAL KEY QUOTES 1- FOMC statement analysis - Fed held interest rates near zero, and will maintain asset purchases at $120 billion a month until " substantial progress " is made on inflation and employment - - Fed inched toward trimming the emergency stimulus...

MohamedElsodoody

In this post I will mention what possibilities could be announced in FOMC and how it can affect the price action? 1- FED delay taper, mention the word transitory, premature, does not give an accurate date when would it be >> - THAT WOULD MEAN INFLATION WOULD RUN HOTTER THAN IT IS ALREADY - - DOVISH FOR LONGER PERIOD - - BOTH PREVIOUS POINTS COMBINED ARE VERY...

MohamedElsodoody

In this post I will mention what price action to expect ahead according to recent fundamental updates? FUNDAMENTAL KEY QUOTES 1- ECB policy updates ( will persist with ultra loose stimulus until it has solid evidence it can sustainably hit its new inflation goal of 2% ) ( THIS MEANS POLICY MAKERS CAN KEEP RATES AT A RECORD LOW FOR LONGER AND EXTEND ITS BOND...

MohamedElsodoody

In this post I will mention the reasons why the downtrend shall be capped soon and why to expect a bottom range consolidation after all (at risk of becoming a reversal)? FUNDAMENTAL KEY QUOTES 1- FED's policy analysis ( according to Powell's speech in his testimony, "economic recovery still hasn't progressed enough to begin scaling back asset purchases, as the...

MohamedElsodoody

In this post I will mention the recent fundamentals and what price action to expect ahead accordingly? FUNDAMENTAL KEY QUOTES 1- FED'S monetary and fiscal policies update ( Powell told Congress that the U.S. economic recovery still hasn't progressed enough to begin scaling back asset purchases, as the labor market still has a "long way to go", inflation is...

MohamedElsodoody

Powell to Bloomberg breaking news Federal Reserve Chair Jerome Powell said the U.S. economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases, while adding that inflation is likely to remain high in coming months before moderating. “At our June meeting, the committee discussed the economy’s progress...

MohamedElsodoody

In this post I will mention the current fundamentals and mention what price action to expect ahead accordingly? FUNDAMENTAL KEY QUOTES 1- ECB monetary policy update ( ECB has agreed to raise inflation goal to 2% and allow room to overshoot it when needed, the revamped strategy could give officials the justification for sustaining ultra-lose monetary policy for...

MohamedElsodoody Updated 

In this post I will mention how the U.S. CPI data can affect the price direction? - The forecasted CPI data is expected to show a rise to 4% following the previous release of 3.8%, I expect the following possibilities, 1- less than 3.8% ( The “transitory” camp will be pleased to see a small drop in the pace of price rises, and so it will help the dollar rise to...

MohamedElsodoody

In this post I will mention how the FOMC releases, ECB monetary and fiscal updates can affect the price direction? FUNDAMENTAL KEY QUOTES 1- FOMC analysis and FED fiscal policy update ( Federal Reserve Officials were not ready to communicate a timeline for tapering due to high uncertainty on the economic outlook, according to the minutes from their June meeting,...

MohamedElsodoody

In this post I will mention why the downtrend's pullback lost momentum and what to expect ahead? FUNDAMENTAL KEY QUOTES , WHY THE DOWNTREND'S PULLBACK LOST MOMENTUM? 1- Yesterday's data ( EU PMI showed only modest progress which was a motivation for bulls to attempt to break 1.1900 ). 2- Today's data ( drop in EU, Germany ZEW economic sentiment ) was the main...

MohamedElsodoody

In this post I will mention what to expect in the weak ahead according to recent fundamentals? FUNDAMENTAL KEY QUOTES 1- U.S. NFP, UNEMPLOYMENT RATE data analysis ( despite the rise in the NFP data, still the unemployment rate edged up because more people voluntarily left their jobs and the number of job seekers increased ). 2- U.S. inflation updates ( surge in...

MohamedElsodoody

In this post I will mention how today's U.S. data (NFP, UNEMPLOYMENT RATE) can affect the price direction? - The forecasted data is expected to show a raise of 700K added jobs (NFP) and a modest drop to 5.7% in (unemployment rate), I expect the following possibilities, 1- 700K - 700K+ ( general price range of 1.1950-1.1750 does not change, downtrend would be...

MohamedElsodoody

In this post I will mention the PMI data, and jobless claims data analysis and what to expect ahead? - EU, Germany Manufacturing PMI data shows modest economic progress. - U.S. jobless claims fell more than expected last week to 364K, a fresh pandemic low. what to expect ahead? - ACCORDING TO THE DATA RELEASES, DOWNTREND IS EXPECTED TO CONTINUE WITH A MAXIMUM...

MohamedElsodoody

In this post I will mention how the EU-U.S. PMI data and U.S. initial jobless claims can affect the price direction? - The forecasted data is expected to show a modest progress and Germany and EU PMI data and a modest drop in that's of the U.S., I expect the following possibilities, 1- EU and Germany upbeat PMI data ( General price range does not change, but...

MohamedElsodoody

In this post I will mention how the U.S. NFP data could affect the price direction? - The forecasted NFP data is expected to be 600k added jobs in June, I expect the following possibilities, 1- 600k and 600k+ ( downtrend would be expected to continue and break below 1.1850 and target the 1.1750, and probably without pullbacks ). 2- 500K - 599K ( the downtrend...

MohamedElsodoody

In this post I will mention the reasons why there is a room for EURUSD to break below 1.1850? FUNDAMENTAL KEY QUOTES 1- The highly contagious Delta strain is inducing renewed curbs in some EU countries, as it continues to loom large over the tourism season in Europe. 2- U.S. rose to the top Bloomberg's Covid-19 Resilience Ranking for the first time, a measure...

MohamedElsodoody

In this post I will mention what to expect in the week ahead? MONETARY POLICY, FISCAL POLICY OF ECB AND FED 1- ECB (dovish, extended PEPP, modest inflation) 2- FED (recent dovish, withdrawing fiscal support, tapering talks, split on sooner than later to go hawkish) FUNDAMENTAL KEY QUOTES AND ECONOMIC OUTLOOK 1- A new coronavirus wave may be forming in poorly...