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Maternity Leave

MaiMarFX’s Chief Currency Strategist Maite Krausse gave birth to a son. While she is on maternity leave there will be no signal service. Daily analysis and signals will be paused until the end of the period of maternity leave.  

Dollar Slips On Trump Comments

Dear Traders, Despite a relatively quiet start to the new week, buyers in both EUR/USD and GBP/USD were able to book some profit. During the Asian session we saw the U.S. dollar extending its slide against its major peers after comments from U.S. President Donald Trump who said that he was “not thrilled” with Federal […]

Summer Trading Break/ Maternity Leave 2018

Dear Traders, We leave for summer holiday until 20/08/2018. During the summer break we will not provide our daily signal service nor process any e-mails. Announcement: Shortly after the summer break our Chief Currency Strategist will commence her maternity leave, which is why daily analysis and signals will be paused until the end of her […]

ECB Meeting Unlikely To Move Euro Exchange Rate

Dear Traders, It’s decision day at the European Central Bank today but whether this event risk carries much weight will depend on ECB President Mario Draghi’s comments at the ECB press conference. Traders are looking for hints on when interest rates will begin to rise but ECB policy makers suggested earlier that a rate hike […]

GBP/USD Holds Above 1.30

Dear Traders, Sellers in the GBP/USD remained in control after the U.K. CPI fell short of expectations. The soft inflation report is making a BoE rate hike next month less likely than previously expected. The pound tested the 1.3010-mark but was later able to stabilize above 1.3050. Higher resistances could now come in at 1.3150 […]

Can U.K. Inflation Numbers Finally Lift The Pound?

Dear Traders, The biggest story in the market was the sharp drop of the British pound as sellers have shown-up in the GBP/USD following hawkish comments from Fed Chair Jerome Powell. With the U.S. economy remaining in good shape despite recent worries about trade tensions, the FOMC believes that “the best way forward is to […]

GBP/USD: Time For Bullish Breakout?

Dear Traders, The euro proved unable to significantly overcome the 1.1720-hurdle, at least for now. Thus, there was nothing to gain for euro bulls at the beginning of this week. The British pound reversed shy off 1.33 and consolidated between 1.3250 – 1.3215. We may see more volatile movements today with U.K. employment numbers scheduled […]

Quiet Trading

Dear Traders, U.S. inflation data came in line with expectations whereupon the dollar gave up some of its gains. However, the greenback had a rather mixed day while it ended yesterday’s trading day virtually unchanged against the euro and British pound. Generally speaking, it seems that many market participants refrain from taking any larger positions […]

Focus On U.S. CPI

Dear Traders, Technically speaking, we got what we were looking for: A breakout of the cable’s consolidated price range. The GBP/USD broke below 1.3230 after the pair failed to overcome the 1.3285-barrier. The downward movement was mainly due to a strengthening U.S. dollar. Also, the EUR/USD fell victim to a new round of dollar strength […]