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Roller Coaster Ride In Both EUR/USD And GBP/USD

Dear Traders, Both EUR/USD and GBP/USD experienced a roller coaster ride yesterday and while short-traders initially achieved good profits, some of these gains were lost owing to the strong rebound. In the end, both major currency pairs ended the day more or less unchanged against the U.S. dollar. The euro slid to a low of 1.0778 […]

British Pound Extends Losses

Dear Traders, The pound sterling dropped like a stone, breaking easily through $1.4230 after Bank of England governor Mark Carney said that “now is not yet the time to raise interest rates”. He highlighted global economic risks weighing on inflation and said that inflation “will likely remain very low for longer”. His comments dashed investors’ hopes […]

Whipsaw Performance In Both Currency Pairs

Dear Traders, While we initially anticipated further trendsetting movements in the GBP/USD on Thursday, traders have been disappointed by the cable’s zigzag moves ranging between 1.4445 and 1.4360. In the face of GBP’s recent depreciation, the currency might have taken a little breather yesterday, which has led to false breakouts and limited movements, making it an overall non-profitable trading day. Bank of […]

GBP/USD: Steeper Decline Or Short Squeeze?

Dear Traders, Today will be an important day for the British pound and sterling traders seem to be waiting in their starting blocks. The Bank of England will announce its policy decision and release the minutes of its meeting at 12:00 GMT. While the central bank is expected to keep monetary policy unchanged, traders and […]

GBP/USD: Next Bearish Target At 1.4455?

Dear Traders, Yesterday’s trading was dominated by a  counter-movement in both major currency pairs. The euro trended downwards, moving away from its resistance at 1.0940, but the slide came to a halt at nearly 1.0840. For the time being, we expect the euro to trade within its current 100-pip trading range between 1.0935 and 1.0840. A […]

EUR/USD: Will The 1.10-Barrier Withstand The Upward Pressure?

Dear Traders, While U.S. nonfarm payrolls have surged to 292K jobs in December, beating all estimates, Friday’s dollar rally did not last long. The spoilsport was slower wage growth, which disappointed the market’s expectations and increased less than 2.7 percent.  The EUR/USD experienced a sharp dip towards 1.08 at the time when payrolls were released but the […]

Dollar Weakens On Ambiguity About The Fed’s Tightening Path

Dear Traders, The FOMC minutes have revealed nothing fundamentally new. On the contrary, the overall picture of the minutes appeared somewhat dovish as the decision to raise interest rates was a “close call” among policymakers. While many Fed officials are confident that inflation would rise in the long-run, others expressed concerns about too-low inflation. Despite the committee’s unanimity […]

U.S. Dollar Benefits As A Safe-Haven But Gains Were Limited

Dear Traders, The first trading day was characterized by a worldwide selloff sparked by slower growth in China. Slowing manufacturing in Asia’s largest economy fueled fears over the possible effects for global growth and led to safe-haven flows into U.S. dollar and Yen. While the euro initially traded higher against the greenback which was mainly driven by expectations […]

Will 2016 Be A Year Of Further Dollar Strength?

Dear Traders, Happy New Year! We hope you have had a good start into 2016 and wish you all the best for the New Year and, of course, many profitable trades. At every beginning of the year many market participants wonder what they can expect from the new year. There has already been speculation as to […]