Traders Eye Inflation Reports
Welcome to a new trading week. Traders will likely be eyeing key inflation data from the U.S., U.K. and eurozone this week to shape expectations for monetary policy tightening. The U.S. dollar in the meantime strengthened slightly against other peers, pushing the euro and British pound lower and below crucial support levels. U.S. inflation is […]
ECB Decision Proved To Be Another Non-Event For Traders
The euro’s weak performance following the European Central Bank decision illustrates what the market thinks about the ECB’s decision: There is nothing particularly new but empty rhetoric. “The lady isn’t tapering” ECB President Christine Lagarde told reporters in Frankfurt, describing yesterday’s central bank decision “a recalibration of the pandemic emergency purchase program for the next […]
ECB Decision Day: No Chance For Big Moves?
The U. S. dollar ticked slightly higher Wednesday and sent both of our major currency pairs to short-term support levels which have proved to hold so far. Elsewhere, we got a profitable breakout in the DAX yesterday after the 15700-support level was significantly breached to the downside. Our short entry at 15790 has thus proved […]
EZB Entscheid: Keine Chance auf große Bewegungen?
Der U.S. Dollar tendierte am Mittwoch leicht höher und schickte sowohl den EUR/USD als auch GBP/USD zu kurzfristigen Unterstützungslevels, welche bisher ihren Halt unter Beweis stellten. Anderswo bekamen wir gestern einen profitablen Ausbruch im DAX, nachdem der 15700-Unterstützunglevel deutlich unterschritten wurde. Unser Short Einstieg bei 15790 hat sich somit als sehr profitabel erwiesen. Tiefere Unterstützungen […]
Short Traders Profit Amid Tuesday’s Selloff
Tuesday saw a selloff across the markets while the U.S. dollar rallied. Short traders were able to profit, particularly in the GBP/USD where our short position (SELL at 1.3815) has reached its profit target. Elsewhere, cryptocurrencies saw a flash crash with Ethereum and Bitcoin correcting recent gains and testing crucial support levels. The EUR/USD remained […]
DAX: Next Target 16100?
Both EUR/USD and GBP/USD ended yesterday’s trading day virtually unchanged. The euro remained in a very narrow trading range between 1.19 and 1.1850 while the cable dipped slightly lower towards 1.3815 but was able to stabilize above 1.3830 towards the end of the day. The best performer was the DAX that surged to a high […]
