No Love For The U.S. Dollar
U.S. retail sales increased by 9.8 percent in March, which was the second-largest increase in government data back to 1992. The huge monthly sales number can be attributed to federal stimulus payments that provided a temporary spending boost. The consumer spending boom could continue in the months ahead with consumers still sitting on a pile […]
Daily Forex Signals
Not much has changed in the technical picture since yesterday with the U.S. dollar being little changed after several days of losses. DAX: While the index dipped below 15200, bearish momentum was not sustained with the DAX hovering around the 15200-mark. Let’s see what today brings. We will have U.S. Retail Sales scheduled for release […]
Investors Shrug Off Rise in U.S. Inflation
U.S. Consumer prices rose more than expected but the slightly higher reading was not enough to push the U.S. dollar higher as investors speculated the rise in inflation was not enough to lead to a change in the Federal Reserve’s policy path. Moreover, a lot of recovery and inflation have already priced into the market […]
Profitable Weekly Start – More Gains In Store?
It has been a profitable start to the new week with Sterling trading sharply higher against the U.S. dollar and the DAX steadying above 15200. GBP/USD: The cable rose to a high of 1.3777 and provided shot-term bulls a good gain. Another break above 1.3775 could now lead to a test of 1.38 and further […]
Oversold Pound Sterling Could Rebound
Welcome to a new trading week. Euro bulls took a breather on Friday after the shared currency had the best week against the U.S. dollar so far this year. While the U.S. and Asia are already on a solid recovery path, there is a belief that Europe will be successful in immunizing the major part […]
Überverkauftes Pfund Sterling könnte zur Erholung bereit sein
Willkommen zu einer neuen Handelswoche. Euro Bullen nahmen am Freitag eine Verschnaufpause nachdem die Gemeinschaftswährung ihre beste Woche gegenüber dem U.S. Dollar in diesem Jahr verzeichnete. Während sich die USA und Asien bereits auf einem soliden Erholungspfad befinden, besteht die Annahme, dass auch Europa den größten Teil seiner Bevölkerung in wenigen Monaten erfolgreich immunisieren wird. […]
