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DAX Sees Strong Rebound – 15000 In Sight?

The biggest story of yesterday’s trading was the DAX which went on a roller coaster ride, providing short traders a huge gain, or more precisely, hitting our take-profit of 100 points before we saw a strong rebound towards 14700. The fact that the support area around 14400 remains unbreached confirms the uptrend and strengthens the […]

Not Much Has Changed

Dear traders, Not much has changed on Wednesday with the U.S. dollar steadying. EUR/USD: As long as the pair remains below 1.19, we will favor falling prices with a next lower target at 1.1770. GBP/USD: Bearish momentum appears to be continuing and we focus on lower targets at 1.3620 and 1.3570 from where we may […]

GBP/USD And EUR/USD Vulnerable To Further Losses

The best performer Tuesday was the U.S. dollar which strengthened against the euro and British pound, providing short traders in both EUR/USD and GBP/USD good profits. Federal Reserve Chairman Jerome Powell played down the risk that economic growth would spur unwanted inflation in yesterday’s testimony. He noted that policy must remain accommodative for now. Powell […]

EUR/USD und GBP/USD anfällig für weitere Verluste

Der beste Performer war am Dienstag der U.S. Dollar welcher sich gegenüber dem Euro und Britischen Pfund verteuerte und Short Händlern im EUR/USD und GBP/USD einen guten Gewinn bescherte. Federal Reserve Präsident Jerome Powell spielte in seiner gestrigen Anhörung das Risiko runter, dass das Wirtschaftswachstum eine unerwünschte Inflation anheizen würde. Er merkte an, dass die […]

Daily Forex Signals

Daily Forex 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 EUR/USD Long @ 1.1970 Short @ 1.1910 GBP/USD Long @ 1.3920 Short @ 1.3810 Hit TP DAX® (GER30) Long @ 14640 […]

Is The DAX Vulnerable To A Deeper Correction?

While EUR/USD showed a slight uptrend Monday, GBP/USD lagged behind and ended the trading day unchanged. Let us see what today brings. Today, Fed Chair Jerome Powell and Treasury Secretary Janet Yellen will appear before the U.S. House Financial Services committee to testify on Fed and Treasury pandemic policies. Any unexpected remarks should have an […]

EUR/USD und GBP/USD: Weitere Bärendynamik voraus?

Willkommen zu einer neuen Handelswoche. Die steigenden U.S. Renditen stützen den Greenback, welcher sich gegenüber dem Euro und Britischen Pfund verteuerte. Das Pfund geriet unter zusätzlichen Abgabedruck nachdem sich der Impfstoffkonflikt zwischen der EU und U.K. verschärft hatte. Das Pharmaunternehmen AstraZeneca hatte Brüssel informiert, dass sie nicht die Menge an Impfdosen liefern werde, welche der […]

EUR/USD And GBP/USD: Further Bearish Momentum Ahead?

Welcome to a new trading week. Rising yields in the U.S. continued to support the greenback as it outperformed the euro and British pound. The pound came under additional selling pressure as the vaccine conflict between the EU and the U.K. has been growing since AstraZeneca informed Brussels it wouldn’t deliver the number of vaccine […]

No Big Movements

Investors shrugged off the Federal Reserve’s dovish message and Treasury yields surged amid concern the Federal Reserve risks letting inflation accelerate. The U.S. dollar strengthened in response to rising yields. Both of our currency pairs EUR/USD and GBP/USD trended lower Thursday but bearish momentum was not enough to trigger any significant downward move. The current […]

Fed Holds Dovish Line, Focus Shifts To BoE

The Federal Reserve held its dovish line and continued to project near-zero interest rates at least through 2023 while the central bank upgraded its forecasts for economic growth and the labor market. The dot plot showed that seven of 18 Fed officials predicted higher rates by the end of 2023 compared with five of 17 […]