DAX Sees Strong Rebound – 15000 In Sight?

The biggest story of yesterday’s trading was the DAX which went on a roller coaster ride, providing short traders a huge gain, or more precisely, hitting our take-profit of 100 points before we saw a strong rebound towards 14700. The fact that the support area around 14400 remains unbreached confirms the uptrend and strengthens the […]

Not Much Has Changed

Dear traders, Not much has changed on Wednesday with the U.S. dollar steadying. EUR/USD: As long as the pair remains below 1.19, we will favor falling prices with a next lower target at 1.1770. GBP/USD: Bearish momentum appears to be continuing and we focus on lower targets at 1.3620 and 1.3570 from where we may […]

GBP/USD And EUR/USD Vulnerable To Further Losses

The best performer Tuesday was the U.S. dollar which strengthened against the euro and British pound, providing short traders in both EUR/USD and GBP/USD good profits. Federal Reserve Chairman Jerome Powell played down the risk that economic growth would spur unwanted inflation in yesterday’s testimony. He noted that policy must remain accommodative for now. Powell […]

EUR/USD und GBP/USD anfällig für weitere Verluste

Der beste Performer war am Dienstag der U.S. Dollar welcher sich gegenüber dem Euro und Britischen Pfund verteuerte und Short Händlern im EUR/USD und GBP/USD einen guten Gewinn bescherte. Federal Reserve Präsident Jerome Powell spielte in seiner gestrigen Anhörung das Risiko runter, dass das Wirtschaftswachstum eine unerwünschte Inflation anheizen würde. Er merkte an, dass die […]

Daily Forex Signals

Daily Forex 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 EUR/USD Long @ 1.1970 Short @ 1.1910 GBP/USD Long @ 1.3920 Short @ 1.3810 Hit TP DAX® (GER30) Long @ 14640 […]

Is The DAX Vulnerable To A Deeper Correction?

While EUR/USD showed a slight uptrend Monday, GBP/USD lagged behind and ended the trading day unchanged. Let us see what today brings. Today, Fed Chair Jerome Powell and Treasury Secretary Janet Yellen will appear before the U.S. House Financial Services committee to testify on Fed and Treasury pandemic policies. Any unexpected remarks should have an […]