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 […]
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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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
We are Maite & Marios Krausse, both born in Germany and trade full time in the Foreign Exchange Market (Forex) as independent traders.
Our teamwork began in 1998, when we got to know and love each other. 20 years later after having built our careers, our son was born, making us a happy family. Continue reading...