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U.S. Dollar Weaker Ahead Of NFPs

Dear Traders, The best performing currency pair on Thursday was the EUR/USD, which took another glimpse above 1.25 but was yet unable to hold that level. Our yesterday’s long signal has proved profitable while euro bulls lie in wait for a next leg up, targeting at 1.27. The question whether the single currency could be […]

USD Unfazed By FOMC Meeting

Dear Traders, There was little consistency in the performance of the U.S. dollar following the FOMC meeting. As expected, there was no policy change, so the market is now pricing in a nearly 100 percent chance of a next rate hike in March. The greenback ended the trading day virtually unchanged against the euro and […]

USD Receives Boost But Uptrend In EUR And GBP Remains Intact

Dear Traders, We finally saw some reversal in the FX market after consecutive days of strength in both euro and pound. The U.S. dollar received a boost from encouraging comments from U.S. President Trump, who used the ‘strong dollar’ language in order to soften previous comments from U.S. Treasury Secretary Mnuchin who seemed to avoid […]

The Euro’s Fate Is In Draghi’s Hands

Dear Traders, What a trading day! The U.S. dollar extended its slide against other major currencies on the back of protectionism while the pound’s rally intensified the uptrend in GBP/USD. Moreover, comments from U.S. Treasury Secretary Steve Mnuchin steepened the dollar’s dive. He said that” obviously a weaker dollar is good for us as it […]

Pound Breaks Above 1.40 – What’s Next?

Dear Traders, The best performer at the beginning of this week was undoubtedly the British pound which took a short glimpse above 1.40 amidst a more upbeat mood among investors regarding Brexit talks. The pound rose to a high of 1.4003 in Asia trading and we are still somewhat skeptical about the potential for further […]

Profitable Trading Day For Sterling Bulls

Dear Traders, The euro came under pressure Wednesday after ECB officials addressed the pace of the euro’s rise, which is only natural after the single currency’s rapid appreciation. Governing Council member Ewald Nowotny argued that the appreciation in the single currency ‘is not helping’ the ECB in terms of price stability. The euro dropped below […]

EUR And GBP: Bearish Reversal Ahead?

Dear Traders, We saw some profit taking Tuesday with both euro and pound giving up some of their recent gains versus the U.S. dollar. We were thus able to pocket some profit with our short entries. The modest rebound happened before both currency pairs were poised for another bullish run towards higher highs. In thin […]