Will CPI Figures Spark Another Upswing in The U.S. Dollar?
Investors poured back into riskier assets which in turn led to a pullback in Treasury yields, a weakening U.S. dollar and thus an upward tendency in both EUR/USD and GBP/USD. The DAX on the other side, was reluctant to extend its upward move and refrained from a test of our next bullish target at 14500. […]
DAX30 Surges To Record High
Monday’s best performer was the DAX which experienced a bullish breakout towards 14500 after the technical 14200-barrier was breached to the upside. The index surged to a high of 14444 after bulls took out the 14200-resistance. We anticipate that gains could be extended until 14500 and 14550 before a potential pullback is due. With the […]
Fokus diese Woche auf U.S. Inflationszahlen und EZB Entscheidung
Der U.S. Arbeitsmarktbericht vom letzten Freitag übertraf alle Erwartungen und zeigte einen Jobzuwachs von 379,000 Stellen im Monat Februar während die Arbeitslosenquote auf 6,2 Prozent fiel. Wirtschaftler erwarten mit der Wiedereröffnung der Betriebe und einem zusätzlichen Rückgang der Covid-19 Zahlen sogar noch stärkere Arbeitsmarktzahlen im März und in den folgenden Monaten. Der Bericht ergänzt den […]
Focus On U.S. CPI And ECB Decision This Week
Friday’s U.S. jobs report beat all estimates and showed an increase of 379,000 jobs in February while the unemployment rate dropped to 6.2 percent. Economists expect that the re-opening of services along with a decline in Covid-19 cases will lead to an even stronger job gain in March and in the coming months. The report […]
Will The NFP Report Boost Demand For U.S. Dollars?
After we have finished our trading on Thursday, we saw a sharp drop in both EUR/USD and GBPUSD which was due to a strengthening U.S. dollar. The reason for the dollar’s fresh strength was Federal Reserve Chair Jerome Powell who said in an online event yesterday that he would be “concerned” by disorderly markets but […]
GBP/USD: Inverted SHS-Pattern To Predict Bullish Breakout?
Wednesday’s trading has proven challenging as our major currency pairs struggled to find a clear direction. GBP/USD rejected 1.40 but subsequent bearish momentum was not enough to send the pair below 1.3920 on the downside. EUR/USD tried an upside break of 1.21 before the U.S. dollar strengthened, pulling the pair lower towards 1.2040. The DAX […]
