Euro And Pound Strengthen Amid Sideways Trend
Dear Traders, Both euro and British pound slightly recovered against the U.S. dollar at the beginning of this week. Yesterday’s upward movements contribute to keeping the current sideways trading range in both currency pairs EUR/USD and GBP/USD intact. While we do not expect larger market swings in these final trading days we focus on the […]
Pound Drops On Risks Of Hard Brexit But Sideways Trading-Range Remains Intact
Dear Traders, Heading into the final trading days of 2017, volatility is expected to remain low in the run-up to the Christmas holiday. There are no significant drivers or market-moving data releases on the economic calendar which is why we recommend taking a cautious approach to new investments now. The British pound fell to a […]
Markets To Enter Quiet Trading Period
Dear Traders, With all major risk events now behind us, there was little movement in the market Thursday as many market participants around the globe are gradually leaving for the Christmas holidays. Given the seasonal liquidity drain we recommend taking profits at smaller targets now or staying on the sidelines, considering a trading break around […]
Will Yellen’s Final Move Depreciate The USD?
Dear Traders, It’s decision day at the Federal Reserve and what makes this final policy decision of the year a significant meeting is not the anticipated rate hike, but the monetary policy outlook for 2018. While the market is certain of a third 2017 hike, the focus will turn to forecasts for the pacing through […]
GBP/USD: Short Traders Benefit From Bearish Tilt
Dear Traders, It has been a relatively quiet start to an eventful trading week with the U.S. dollar slightly strengthening against the pound and the euro ahead of the FOMC meeting. The British pound tumbled towards 1.3330 as Brexit optimism fades. While short traders of the GBP/USD were able to book some profit yesterday, the […]
Will Payrolls Help Or Hurt The Greenback?
Dear Traders, It’s payrolls day again and today’s U.S. jobs numbers could matter more than usual as investors assess the possibility of a steeper Federal reserve rate hike path in 2018. While the Fed has established a commitment to gradual monetary policy pacing even under the chairmanship of Mr. Powell, job and wage growth will […]
