British Pound Extends Slide While Euro Rebounds
The worst performer yesterday was the British pound which broke below 1.38 and extended its slide towards 1.3720. While the pound’s recent slide can be attributed to profit-taking and the subsequent drop below crucial technical barriers, traders should bear in mind that the pound’s overall upward trend is still intact. If GBP/USD remains above 1.37, […]
EUR/USD With a Tailwind While GBP/USD Tests 1.38-Support
The euro stabilized against the U.S. dollar Tuesday and EUR/USD saw a small rebound towards 1.1880. If the pair is able to hold above 1.18 in short-term time frames, we may see a rise towards 1.1950 and possibly even 1.20. GBP/USD on the other side, saw a correction towards 1.38 and it will be interesting […]
EUR/USD und GBP/USD mit Aufwärtspotenzial
Willkommen allerseits zurück nach einem langen Wochenende. Die U.S. Arbeitsmarktdaten, welche am Karfreitag veröffentlicht wurden, übertrafen alle Markterwartungen und zeigten mit 916K Stellen das stärkste Jobwachstum in sieben Monaten. Jedoch überraschte das durchschnittliche Lohnwachstum nicht positiv und aufgrund der niedrigen Volatilität zu den Osterfeiertagen gab es somit auch keine großen Bewegungen. Die rapide Erholung des […]
EUR/USD And GBP/USD See Upside Potential
Welcome back at the desks after a long weekend. Nonfarm payrolls data released on Good Friday smashed all market expectations and came in at 916k which was the strongest job gain in seven months. However, average hourly earnings did not surprise to the upside and given the low volatility environment during the Easter holiday, there […]
Good NFP Report on Good Friday
It is Good Friday and trading volumes are below average as the Easter holidays begin. Traders however brace for the U.S. jobs report today at 13:30 UTC and very strong data is expected. In case of any surprises, we could see some volatile moves in a holiday-shortened trading session. We wish everybody a nice Easter […]
Biden’s Plan: Millions And Millions Of Jobs
Even though large movements lacked on the final day of the first quarter, which was by the way the best quarter in a year for the U.S. dollar, traders were able to profit on the long side in both GBP/USD and DAX. U.S. President Joe Biden laid out a $2.25 trillion infrastructure plan that will […]
