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Yen Serves As Safe Haven On Korea Worry; Euro And Pound Unmoved

July 5, 2017 in /by

Dear Traders, Nothing much has changed in the EUR/USD and GBP/USD while a holiday trade was clearly in effect on Tuesday. Other currencies, such as the yen were sought as a safer haven after North Korea said Tuesday it successfully test-fired an intercontinental ballistic missile, escalating tensions between North Korea and the U.S. The political […]

Dollar Strengthened Amidst Quiet Trading Environment

July 4, 2017 in /by

Dear Traders, The U.S. dollar regained some strength and rose against the euro and British pound Monday. However, yesterday’s rebound in the dollar is still not significant enough to alter the technical outlook, thus far. The euro fell toward 1.1350 and with U.S. markets being closed for the Independence Holiday today, we expect the EUR/USD […]

Profitable Trading Month June

June 30, 2017 in /by

Dear Traders, The euro and British pound extended their rallies and further strengthened against the struggling U.S. dollar. With the European Central Bank and the Bank of England gradually shifting the tone toward a more hawkish stance, the euro and pound benefited against the greenback. The EUR/USD approaches 1.15 and if U.S. key inflation data […]

Euro And British Pound Flying High

June 29, 2017 in /by

Dear Traders, After the euro’s strong performance from Tuesday, the cable followed with a rise towards 1.30. A reason for the pound’s flight were hawkish rate comments made by Bank of England Governor Carney who said the BoE may need to begin raising interest rates and will debate a move in the next few months. […]

EUR/USD & GBP/USD: Range-Bound Price Action

June 27, 2017 in /by

Dear Traders, There was nothing to gain for traders of the EUR/USD and GBP/USD Monday with both major currency pairs trading flat within tight trading ranges. The euro took a brief glimpse above 1.1210 but was unable to hold above that level. The cable however, traded choppily sideways between 1.2760 and 1.2705 while none of […]

Quiet Trading But Prepare For Upcoming Momentum

June 23, 2017 in /by

Dear Traders, The market was quiet- surprisingly quiet compared to other summer months in the past. However, we were able to profit even amidst this low volatile market and look back on a profitable performance this month. While the performance of the EUR/USD is still lagging behind, recording a small profit of currently 33 pips, […]

GBP/USD: Highly Profitable Trading

June 21, 2017 in /by

Dear Traders, Those of you who traded the GBP/USD recently, were able to achieve a significant profit by trading our daily signal alerts. Yesterday, this was once more the case while our short trade hit the profit target in less than five minutes. The pound slid to a low of 1.2602 after Bank of England […]

Euro And Cable Remain Sideways

June 20, 2017 in /by

Dear Traders, The U.S. dollar advanced against its major peers Monday after hawkish comments from Federal Reserve President Dudley provided some relief for dollar bulls. The EUR/USD fell to a low of 1.1140 but refrained from testing the lower 1.11-support level, at least for the time being. Unfortunately, we had to record one false breakout […]

Hawkish Fed Surprises

June 15, 2017 in /by

Dear Traders, Incredible but true: The U.S. dollar finally ended the trading day unchanged against the euro and British pound after it came under strong selling pressure following the weak U.S. inflation report. Market participants sold dollars ahead of the FOMC decision on speculation the Fed could forgo raising interest rates again this year. Weaker […]