Forex Market Is Fairly Quiet In The Absence Of Market Movers
Dear Traders, While concerns over French elections have disappeared after the market-favorable Macron victory, the euro’s response was anything but enthusiastic. Rather, the single currency favored lower price targets near 1.0915 after having rejected the 1.10-resistance. Euro traders should now pay attention to the 1.0890-support level which may prove to be the new lower bound […]
Will NFP Help Or Hurt U.S. Dollar?
Dear Traders, The biggest story on Thursday was the rise of the euro which has surged to a high of 1.0987. The euro is currently supported by expectations of a Macron win in the final round of French elections this Sunday. While we bear in mind that if Le Pen surprises on Sunday, the market’s […]
Trading Break
Trading Break from April 28 until May 3: During this period we will not provide daily analysis and signals.
All Eyes On Draghi: Will He Talk Down The Euro?
Dear Traders, The British pound finally broke above 1.2865 this morning and a next hurdle could now be at 1.29. If the pound rises above 1.2910 we may see a run for 1.30. Let’s us wait and see. The much anticipated U.S. tax plan disappointed investors as it left too many unanswered questions and did […]
Can The Euro Hold Onto Its High Price Level?
Dear Traders, The euro broke above Monday’s spike high at 1.0923 but gains were capped at 1.0950, at least for the time being. The question now is whether there is still room for further gains. Looking at the 4-hour and daily chart we see that the EUR/USD is in overbought territory, a situation that increases […]
Market Returned To Risk-Off Mode
Dear Traders, Risk appetite among market participants has subsided following the risk-on rally in the wake of French elections. While we had hoped for some further momentum in the markets, traders were disappointed by the poor market situation and consequently none of our daily signal entries was triggered. We may see some increase in volatility […]
