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All Eyes On Draghi: Will He Talk Down The Euro?

April 27, 2017 in /by

Dear Traders, The British pound finally broke above 1.2865 this morning and a next hurdle could now be at 1.29. If the pound rises above 1.2910 we may see a run for 1.30. Let’s us wait and see. The much anticipated U.S. tax plan disappointed investors as it left too many unanswered questions and did […]

Can The Euro Hold Onto Its High Price Level?

April 26, 2017 in /by

Dear Traders, The euro broke above Monday’s spike high at 1.0923 but gains were capped at 1.0950, at least for the time being. The question now is whether there is still room for further gains. Looking at the 4-hour and daily chart we see that the EUR/USD is in overbought territory, a situation that increases […]

Market Returned To Risk-Off Mode

April 25, 2017 in /by

Dear Traders, Risk appetite among market participants has subsided following the risk-on rally in the wake of French elections. While we had hoped for some further momentum in the markets, traders were disappointed by the poor market situation and consequently none of our daily signal entries was triggered. We may see some increase in volatility […]

Euro And Cable Consolidate Following Strong Moves

April 20, 2017 in /by

Dear Traders, The British pound gave up some of the gains it had made on Tuesday and fell back below 1.28. As long as the pound remains above the 1.26-mark, the recent drop could be considered a correction within the recent uptrend. We will now focus on a break above the short-term resistance at 1.2860. […]

GBP/USD: How High Can The Pound Go?

April 19, 2017 in /by

Dear Traders, Markets have had a surprisingly volatile start after the Easter holidays as the shock news of a U.K. election has caused the British pound to skyrocket against the U.S. dollar. The euro traded in sympathy with the pound and was able to climb above the 1.07-barrier. The biggest story on Tuesday was however […]

Happy Easter!

April 14, 2017 in /by

Easter holiday break: We will not provide our signals and analysis on Good Friday (April 14th) and Easter Monday (April 17th). The signal service will be resumed on Tuesday. Until then, we wish you a happy and relaxing Easter holiday!

Sluggish Market Conditions Persist Amid Geopolitical Tensions

April 12, 2017 in /by

Dear Traders, Risk aversion and the liquidity drain ahead of the Easter holiday are hobbling the market. Tuesday’s best performer, however, was the British pound which soared to a high of 1.2494. The pound sterling benefited from a weakening U.S. dollar, which suffered some losses amid geopolitical tensions. The U.S.’s recent tougher stance created a […]

GBP/USD: U.K. Inflation Report To Dictate Price Action

April 11, 2017 in /by

Dear Traders, While the U.S. dollar ended the day virtually unchanged against the euro, it traded slightly lower versus the British pound Monday. Meanwhile, there were no new insights from Federal Reserve Chair Janet Yellen. She reiterated several previously stated positions when speaking at the University of Michigan. Yellen said she expected the U.S. economy […]

Sluggish Market Environment Continues

April 6, 2017 in /by

Dear Traders, Euro and sterling traders had no reason for rejoicing, even though we saw a slight increase in volatility on Wednesday. Yet there were no breakouts in both major currency pairs and while the cable rose to a high of 1.25, the currency pair was unable to overcome that hurdle, at least until now. […]