After GDP Disappointment Focus Shifts To U.S. PCE
Prices fluctuated sharply yesterday and provided almost no profitable trading chance in terms of our signal entries. The U.S. dollar fell on the GDP figure disappointment but turned around straight as traders factored in the PCE increases. Today’s Core PCE Price index, scheduled for release at 12:30 GMT is expected to come in at 2.6 […]
Is U.S. Dollar Weakness Short-lived?
The U.S. dollar weakened but its recent sell-off may be short-lived, provided that economic growth in the U.S. exceeds expectations. The U.S. GDP report is due for release today at 12:30 GMT. Daily Forex and DAX Signals: If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific […]
Daily Trading Signals
Daily Forex and DAX 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. Our trading ideas for today 24/4/24: EUR/USD Long @ 1.0715 Short @ 1.0690 GBP/USD Long @ 1.2470 Short @ […]
Wait-And-See-Mode
Welcome to a new trading week. The focus this week will be on two significant economic data releases that could increase volatility in the U.S. dollar crosses. First will be the U.S. GDP for the first quarter (Thursday) and second the March’s core PCE data (Friday), the key inflation gauge for the Federal Reserve. Should […]
Quiet Trading
As for the price development not much has happened so far this week. Yesterday we saw the euro and British pound correcting some of their losses against the U.S. dollar but movements were limited and thus, not really profitable in terms of our daily signals. We assume that this minor correction could be extended in […]
Daily Trading Signals
Daily Forex and DAX 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. Our trading ideas for today 16/4/24: EUR/USD Long @ 1.0640 Short @ 1.0585 GBP/USD Long @ 1.2475 Short @ […]
