Entries by

British Pound Extends Slide While Euro Rebounds

The worst performer yesterday was the British pound which broke below 1.38 and extended its slide towards 1.3720. While the pound’s recent slide can be attributed to profit-taking and the subsequent drop below crucial technical barriers, traders should bear in mind that the pound’s overall upward trend is still intact. If GBP/USD remains above 1.37, […]

EUR/USD und GBP/USD mit Aufwärtspotenzial

Willkommen allerseits zurück nach einem langen Wochenende. Die U.S. Arbeitsmarktdaten, welche am Karfreitag veröffentlicht wurden, übertrafen alle Markterwartungen und zeigten mit 916K Stellen das stärkste Jobwachstum in sieben Monaten. Jedoch überraschte das durchschnittliche Lohnwachstum nicht positiv und aufgrund der niedrigen Volatilität zu den Osterfeiertagen gab es somit auch keine großen Bewegungen. Die rapide Erholung des […]

EUR/USD And GBP/USD See Upside Potential

Welcome back at the desks after a long weekend. Nonfarm payrolls data released on Good Friday smashed all market expectations and came in at 916k which was the strongest job gain in seven months. However, average hourly earnings did not surprise to the upside and given the low volatility environment during the Easter holiday, there […]

Good NFP Report on Good Friday

It is Good Friday and trading volumes are below average as the Easter holidays begin. Traders however brace for the U.S. jobs report today at 13:30 UTC and very strong data is expected. In case of any surprises, we could see some volatile moves in a holiday-shortened trading session. We wish everybody a nice Easter […]

Biden’s Plan: Millions And Millions Of Jobs

Even though large movements lacked on the final day of the first quarter, which was by the way the best quarter in a year for the U.S. dollar, traders were able to profit on the long side in both GBP/USD and DAX. U.S. President Joe Biden laid out a $2.25 trillion infrastructure plan that will […]

Größere Marktbewegungen am Quartalsende?

Heute ist nicht nur der letzte Tag des Monats März, sondern auch der letzte Tag des ersten Quartals und Trader wissen nur zu gut, dass die Ausgleichsströme am Monats- und Quartalsende volatile Bewegungen am Währungsmarkt auslösen können. Gestern sahen wir den U.S. Dollar zu weiterer Stärke anlaufen gegenüber dem Euro und Britischen Pfund, während Short […]

Will Quarter-End-Flows Generate Big Moves Today?

Today is not only the last day of March but also the last day of the first quarter and traders know very well that month-end and quarter-end rebalancing flows might lead to volatile movements in the currency market. Yesterday we saw the U.S. dollar strengthening against the euro and British pound while short traders in […]

Quiet Market Environment – Until Now

Not much was going on in the Forex market on Monday. Headlines about the Archegos Capital Management implosion and concerns about a potential contagion effect did not affect the currency market. In a nutshell, the risk rally continues on the back of the protective shield of Federal Reserve stimulus and investors enjoy it while it […]

Two Key Events Ahead Of The Easter Holiday

Ahead of the Easter weekend there are two key events to watch this week: U.S. President Joe Biden plans to unveil a further stimulus program with a tilt toward infrastructure. Biden will outline his plan in Pittsburgh on Wednesday, according to White House administration officials. Inflation expectations are likely to rise further following Biden’s announcement. […]