U.S. Dollar Weakness
After Wednesday turned out to be a very quiet trading day, the U.S. dollar weakened in the afternoon hours which was due to weaker-than-expected economic data and dovish signals from Federal Reserve Chair Jerome Powell in a speech at a forum. Powell downplayed recent high inflation readings and indicated that nothing has really changed for […]
Quiet Currency Trading
Not much has happened yesterday amid low volatile trading. Different was the situation in the DAX, where we first struggled with false breakouts but were later rewarded with two profitable trades for both bulls and bears. Let’s see what’s in store for today. Daily Forex and DAX Signals: If you are keen to know where […]
Rate Cut Fears Weaken The U.S. Dollar’s Counterparts
We wish everyone a good new trading week. Most important event risk of this week, will be the U.S. NFP data, due for release on Friday. Rate cuts are in focus and while U.S. economic data continues to support a robust economy, expectations raise that the European Central Bank may even cut interest rates earlier […]
Happy Easter!
Trading conditions are expected to remain quiet on Good Friday but the PCE Index, due for release today at 12:30 UTC, could be interesting to keep an eye on before the Easter holidays. We wish you a nice Easter holiday and all the best. We will be back on the desks on Tuesday. Daily […]
The Only Beneficiary Of This Week’s Low Volatility Is The DAX
As expected, this week turned out to be quieter in terms of profitable trading opportunities amid low volatility. Yesterday, we had no entry triggered in both EUR/USD and GBP/USD whereas the high-flying DAX provided again some gains for the bulls. Our long entry at 18420 has thus proved profitable. The PCE inflation data, scheduled for […]
Daily Trading Signals
Daily Forex and DAX 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. Our trading ideas for today 26/3/24: EUR/USD Long @ 1.0860 Short @ 1.0820 GBP/USD Long @ 1.2670 Short @ […]
