From Fed Taper To ECB Taper

U.S. Nonfarm payrolls disappointed last Friday with only 235,000 jobs created in August. The U.S. dollar sold off in an imminent response to the report but the greenback’s decline was limited after several days of weakness while bigger currency movements remained absent. Despite the weaker than forecast job growth, average hourly earnings rose 0.6 percent […]

Will Payrolls Reignite The Dollar’s Strength?

Good morning traders, it’s payrolls day again. The U.S. jobs report will shape expectations about when the Federal Reserve might start tapering its stimulus and when to expect a rate hike. Since this is a highly awaited event risk, we will prepare for bigger moves amid possibly extreme volatility. We saw the U.S. dollar holding […]

EUR/USD And GBP/USD Continue Upward Trend

Buyers in both EUR/USD and GBP/USD were able to profit Wednesday with the euro and cable continuing their recent upward movements on weaker than expected ADP data, which is as a foretaste of NFP job numbers tomorrow. Both of our long entries have thus proved profitable. EUR/USD The pair formatted a short-term upward channel that […]

Euro And Cable Correct Gains

The EUR/USD extended its gains to a high of 1.1845 before we finally saw a correction. The pullback was anticipated and could continue until 1.1750. If the euro is, however, able to hold above 1.18 traders will shift their focus to the crucial 1.1880-1.19 resistance. The GBP/USD remained consolidated between 1.3810 and 1.3740. A break […]

Quiet Market

Not much has changed in the Forex market on Monday. Both of our major currency pairs traded consolidated within narrow price ranges and this picture could continue in the days ahead. We recommend traders not to invest too much and stay on the sidelines until market conditions change. We remind traders that the week before […]

Nichts Neues nach Jackson Hole

Der Markt hat den ganzen Sommer über auf das Jackson Hole Symposium gewartet und nun wo es hinter uns liegt, hat sich nicht viel geändert. Federal Reserve Präsident Jerome Powell lieferte keinen endgültigen Zeitplan zur Reduzierung des Stimulus. Er sagte die Zentralbank könne mit einer Zurückführung der Anleihekäufe in diesem Jahr beginnen, wäre jedoch in […]