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After GDP Disappointment Focus Shifts To U.S. PCE

Prices fluctuated sharply yesterday and provided almost no profitable trading chance in terms of our signal entries. The U.S. dollar fell on the GDP figure disappointment but turned around straight as traders factored in the PCE increases. Today’s Core PCE Price index, scheduled for release at 12:30 GMT is expected to come in at 2.6 […]

Is U.S. Dollar Weakness Short-lived?

The U.S. dollar weakened but its recent sell-off may be short-lived, provided that economic growth in the U.S. exceeds expectations. The U.S. GDP report is due for release today at 12:30 GMT. Daily Forex and DAX Signals: If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific […]

Daily Trading Signals

Daily Forex and DAX Signals: If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals. Our trading ideas for today 24/4/24: EUR/USD Long @ 1.0715 Short @ 1.0690 GBP/USD Long @ 1.2470 Short @ […]

Wait-And-See-Mode

Welcome to a new trading week. The focus this week will be on two significant economic data releases that could increase volatility in the U.S. dollar crosses. First will be the U.S. GDP for the first quarter (Thursday) and second the March’s core PCE data (Friday), the key inflation gauge for the Federal Reserve. Should […]

Quiet Trading

As for the price development not much has happened so far this week. Yesterday we saw the euro and British pound correcting some of their losses against the U.S. dollar but movements were limited and thus, not really profitable in terms of our daily signals. We assume that this minor correction could be extended in […]

Daily Trading Signals

Daily Forex and DAX Signals: If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals. Our trading ideas for today 16/4/24: EUR/USD Long @ 1.0640 Short @ 1.0585 GBP/USD Long @ 1.2475 Short @ […]

Beschleunigt sich die bärische Dynamik?

Der Euro ist am Freitag gegenüber dem US-Dollar auf ein neues Tief gefallen. Die psychologische Marke von 1,07 wurde nach unten durchbrochen, was zu einem Rückgang auf 1,06 und damit in den überverkauften Bereich führte. Die dovische Haltung der Europäischen Zentralbank legte den Grundstein für den Abschwung des Euro, während Händler nun erwarten, dass die […]

Bearish Momentum To Accelerate?

The euro fell to a fresh low on Friday against the U.S. dollar. The psychological 1.07-barrier broke to the downside, giving way to a fall towards 1.06 and thus, a dip into oversold territory. The European Central Bank’s dovish stance laid the groundwork for the euro’s downturn while traders now expect the ECB to be […]

Bullish Outcome For the U.S. Dollar Post CPI

What a trading day! The hotter-than-expected U.S. inflation numbers sent the U.S. dollar soaring and all of our yesterday’s short entries in both EUR/USD and GBP/USD have proved highly profitable. The still high inflation diminished hopes for a Federal Reserve June rate cut, an expectation that was unthinkable at the start of this year, when […]

Trading On U.S. CPI-Day

Today all eyes will turn to the U.S. inflation March numbers. The report could cause significant volatility, especially if the numbers surprise to the upside. In case of a hotter-than-expected CPI, that would shift Federal Reserve interest rate expectations in a more hawkish direction, the U.S. dollar will rise. If inflation numbers come below expectations, […]