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Demand For U.S. Dollar Could Strengthen in the Days Ahead

Welcome everyone to a new trading month. The U.S. dollar dipped this morning after Friday’s appreciation and Treasury yields stabilized following last week’s rally. Traders will likely continue paying attention to the recent bond selloff and corresponding surge in yields. We bear in mind that if the bond selloff grows more aggressive, the risk sentiment […]

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 @ 1.2185 Short @ 1.2130 GBP/USD Long @ 1.4040 Short @ 1.3920 DAX® (GER30) Long @ 13790 Short @ […]

Global Selloff: U.S. Dollar Benefits From Yield Rise

And the selloff began. Global bonds experienced an aggressive selloff Thursday that drove steep losses in Treasuries and U.S. stocks. The benchmark Treasury yield spiked to a one-year high and the U.S. dollar in turn benefited from rising yields. Also, the British pound which was already extremely overbought experienced a sharp selloff, succumbing to the […]

Further Bullish Breakouts On The Horizon?

Dear traders, Nothing has fundamentally changed in terms of the technical outlook. GBP/USD: The cable was able to stabilize above 1.41 after a dip below 1.41 proved to be short-lived. A bullish break above 1.4160 could open the door for another leg up towards 1.42 and maybe even 1.4250. However, sentiment could slightly change in […]

GBP/USD: Pfund schießt auf 1.4243-Hoch

Das Pfund Sterling schoss gegenüber dem U.S. Dollar empor bis zu einem Hoch von 1.4243 und dies trotz der stark überkauften Bedingungen. Der Aufwärtstrend im Pfund wird derweil gestärkt von Premierminister Boris Johnsons Fahrplan über einen stufenweisen Ausstieg aus dem Lockdown, was die U.K. Wirtschaft zu einer starken Erholung anheizen könnte. Ökonomen erwarten, dass Johnsons […]

GBP/USD: Pound Jumps To 1.4243-High

The pound sterling soared to a high of 1.4243 against the U.S. dollar despite heavily overbought conditions. The pound’s uptrend has been bolstered by Prime Minister Boris Johnson’s lockdown easing roadmap that is expected to put the U.K. economy on course for a strong rebound. Economists expect the reopening roadmap will allow the economy to […]

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 @ 1.2180 Short @ 1.2135 GBP/USD Long @ 1.4090 Short @ 1.4025 DAX® (GER30) Long @ 14020 Short @ […]

Will Powell Testimony Spark USD Volatility?

Dear traders, U.S. dollar selling pressure was felt across most major currency pairs with both EUR/USD and GBP/USD edging higher at the start of the week. Volatility could pick up Tuesday with market participants eyeing Fed Chair Powell’s semi-annual congressional testimony today at 15:00 UTC. Powell is expected to reiterate the accommodative stance of the […]

Pound Rally Continues, Focus on Powell Testimony This Week

Welcome to a new trading week. Positive market sentiment continued as investors took comfort from positive news on vaccine efficacy. In Israel, the Pfizer Inc. and BioNTech SE Covid-19 shot appeared to stop the vast majority of recipients from infection. The anti-risk U.S. dollar turned lower amid optimism about the global recovery. The pound Sterling […]

Anstieg im Pfund hält an, Fokus auf Powell Aussage diese Woche

Willkommen zu einer neuen Handelswoche. Die positive Marktstimmung dauert an, denn die positiven Meldungen zur Impfstoff Effizienz beruhigen derweil die Investoren. In Israel scheinen die Covid-19 Impfungen von Pfizer und BioNTech eine große Mehrheit der Geimpften vor einer Infektion zu schützen. Der U.S. Dollar rutschte tiefer inmitten der anhaltenden Risikobereitschaft und des Optimismus über eine […]