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After Hawkish Fed Focus Shifts To BoE

September 21, 2023 in /by

As expected, the Federal Reserve kept interest rates unchanged at 5.25%-5.5% and left the door open for one more rate hike before the end of the year. The Summary of Economic Projections showed 50bp fewer rate cuts in 2024 than previously indicated. The Fed sees just two rate cuts next year which would put the […]

All Eyes On The Fed

September 20, 2023 in /by

Very little movement was seen in both pairs EUR/USD and GBP/USD in the beginning of the week and before the FOMC meeting. In the euro we currently focus on a trading range between 1.08 and 1.06 while in the cable it will be interesting whether the pound also drops below 1.2330 and further towards 1.23. […]

Euro: Längste Verlustserie seit 1997

September 18, 2023 in /by

Der Euro bestätigte den 9. wöchentlichen Verlust in Folge, die längste Verlustserie seit 1997. Die Gemeinschaftswährung fiel wie ein Stein in Richtung 1,0630, nachdem die Europäische Zentralbank am vergangenen Donnerstag die Zinssätze zwar abermals erhöht hatte, es jedoch Anzeichen dafür gab, dass die Zinssätze ihren Höhepunkt erreicht hatten. Das Rezessionsrisiko und die sich verschlechternden Stimmungsindikatoren […]

Euro: The Longest Losing Streak Since 1997

September 18, 2023 in /by

The euro confirmed a 9th consecutive weekly loss, the longest losing streak since 1997. The common currency dropped like a stone towards 1.0630 after the European Central Bank raised interest rates last Thursday but there were signs that rates had peaked. Recession risk and worsening sentiment indicators in Germany fuel arguments against further hikes. Looking […]

ECB Decision: 50/50 Chance Of A Rate Hike

September 14, 2023 in /by

Yesterday’s mixed U.S. inflation figures did not serve us well in terms of profitable trades as the dollar choppily whipsawed without a clear direction. This has led to a false breakout in both EUR/USD and GBP/USD. While the core inflation gauge was in line with estimates, the 12-month reading came in slightly higher than forecast. […]

U.S. CPI In Focus

September 13, 2023 in /by

Both EUR/USD and GBP/USD were little changed Tuesday with the focus today turning to the U.S. Consumer Price Index (CPI) scheduled for release at 12:30 UTC. Market participants expect a mixed picture in the data while the key focus will be on whether a softer core inflation will be sufficient for the Federal Reserve to […]

Daily Trading Signals

September 12, 2023 in /by

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 12/9/23: EUR/USD Long @ 1.0775 Short @ 1.0715 GBP/USD Long @ 1.2560 Short @ […]

Nach U.S. Dollarstärke etwas Erholung für Euro und Pfund?

September 11, 2023 in /by

Die vergangene Woche war durch einen stärkeren US-Dollar aufgrund höherer Treasury-Renditen gekennzeichnet, was sowohl den Euro als auch das britische Pfund nach unten drückte. Aus technischer Sicht haben beide Währungspaare sekundäre Abwärtstrendkanäle ausgebildet, die nun eine gewisse Erleichterung für den Euro und das Pfund Sterling darstellen könnten. EUR/USD Der Euro berührte 1,0686, was der unteren […]

After U.S. Dollar Strength Relief For The Euro And Pound?

September 11, 2023 in /by

The last week was characterized by a strengthening U.S. dollar due to higher Treasury yields, pushing both euro and British pound lower in turn. Looking at the technical picture, both currency pairs formatted secondary downtrend channels which now could be a reason providing some relief for the euro and sterling. EUR/USD The euro touched 1.0686 […]

Work-Life-Balance

September 8, 2023 in /by

This week went quite well in terms of trading and although the DAX eliminated some previous profits yesterday, we were able to close our performance on balance positive. Thus, we stand this week +41 pips in EUR/USD, +56 pips in GBP/USD and still +40 points in the DAX in profit. This is enough for us […]