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DAX Hit Profit Target, Focus Now on USD And Retail Sales

The DAX has reached our profit target at 15500 points. A rise above 15560 could see further gains toward 15800. Bears, however, should watch out for pullbacks if the index remains below 15550. EUR/USD: Short-term head-shoulders-pattern could spur bearish momentum A SHS-pattern seen in the hourly chart could attract sellers, provided that the euro falls […]

Fed Taper is Priced-in, U.S. Dollar Pulls Back

Speaking of inflation, the headline U.S. CPI number came in marginally higher than expectations while the core CPI print was in line at 0.2 percent (MoM). Most FOMC participants saw inflation risks as weighed to the upside and price pressures could sustain for longer than policy makers expected, yesterday’s FOMC minutes showed. A taper will […]

U.S. CPI Data to Spur Volatility

Not much has happened in the market on Tuesday with the U.S. dollar being little changed. Traders are awaiting reports on the U.S. consumer-price index (today at 12:30 UTC) and retail sales (Friday). The figures will help to shape expectations about the likely timeline for Fed tapering and any eventual rate hikes. Today’s CPI numbers […]

Traders See British Pound to Fall to 1.30 By Year-end

The British pound wasn’t able to stabilize above 1.3660 and fell back below 1.36 amid speculation that the prospect of several Bank of England rate hikes would darken the outlook for growth and consumer sentiment. Consumers are already grappling with soaring energy prices and supply chain disruptions and a BoE tightening within that slowdown is […]

Weird U.S. Labor Market Still Favors Fed Tapering

The U.S. dollar weakened in an initial response to the non-farm payrolls miss last Friday. While a strong U.S. job report was previously expected, the job growth in September turned out to be the slowest this year. With only 194,000 jobs added last month, it was the unemployment rate that fell to 4.8 percent and […]

Seltsames U.S. Arbeitsmarktbild begünstigt immer noch Fed Tapering

Der U.S. Dollar vergünstigte sich in einer ersten Reaktion auf den Fehlwurf der U.S. Arbeitsmarktdaten vom Freitag. Während ein starker Bericht im Vorfeld erwartet worden war, so stellte sich das Beschäftigungswachstum im September als das Schwächste in diesem Jahr heraus. Mit nur 194,000 neu geschaffenen Jobs im letzten Monat waren es letztendlich die niedrigere Arbeitslosenquote, […]

Debt Ceiling Fears Ease, Focus Shifts To NFP Report

Good morning, it’s NFP day. The U.S. payrolls report is estimated to show a gain of 500k jobs in September that could also cement expectations that the Federal Reserve will soon start tapering bond purchases. As for the U.S. debt ceiling, the risk of a potential default later this month had been averted (at least […]

Short Traders Profit Amid Market Anxiety

Wednesday has been a highly profitable trading day for us as we were able to catch a 100-points-gain while trading the dip in the DAX while elsewhere, all profit targets in the EUR/USD and GBP/USD have been reached as well. The ADP report came in better than expected and although the impact on the greenback […]

Sentiment Remains Unchanged, Focus On ADP Report

Going into Wednesday and looking at the technical picture, not much has changed. Bulls in the GBP/USD still face the 1.3650-hurdle. We continue to watch out for a break above 1.3670-80 in order to anticipate further gains towards 1.3750 and 1.3850. On the downside, a renewed break below 1.3570 could see a continuation of the […]

GBP/USD: 1.36 – A Make-It Or Break-It Level

The best performer on Monday was the British pound which rebounded and provided buyers in the GBP/USD a good gain. It will now be interesting whether the 1.3650-hurdle can be taken out. We will watch out for a break above 1.3670-80 in order to anticipate further gains towards 1.3750 and 1.38. On the downside, a […]