Profitable Start To The New Week
Monday started off with a profit for traders as dollar bulls took a breather, pushing other currencies higher in return. As expected, we thus saw some rebounds in short-term time frames. The British pound rebounded from oversold price levels and took out the 1.37-barrier. We went long in the GBP/USD at 1.3665 and were able […]
All Eyes on Jackson Hole This Week
We are back from our holidays and back at the trading desks, relaxed and revived. We hope that all of you are happy and healthy too. The U.S. dollar has gained traction in August as investors sought safe havens amid rising risk aversion in the wake of concerns about Covid, the tapering of Federal Reserve […]
Fokus liegt auf Jackson Hole diese Woche
Wir sind aus unserem Urlaub zurück und wieder mit frischer Kraft am Trading Desk. Wir hoffen, dass die meisten von Ihnen sich bester Gesundheit erfreuen und ebenfalls fit und munter sind. Der U.S. Dollar hat im August an Zugkraft gewonnen denn Investoren bevorzugten wieder vermehrt sichere Häfen inmitten steigender Risikoscheu durch Sorgen über Covid, die […]
Summer Trading Break
Summer trading break: There will be no signal service between August 2 and August 20. We wish you all a wonderful rest of the summer! Stay healthy and happy. We will be back on August 23. The MaiMarFX Team
EUR/USD And GBP/USD: Watch Out For Pullbacks
The euro was yesterday’s best performing currency while climbing towards 1.19. Bulls in this pair, however, will have to be somewhat cautious now, as the 1.19-area could prove as a short-term resistance. In case of a sustained break above 1.1915, we may see a test of 1.1970. On the downside, the 1.18-mark is seen as […]
No Big Movements For Traders
The FOMC statement came in with a somewhat hawkish tone, stating that policymakers are closer to tapering. Federal Reserve Chair Jerome Powell’s press conference, however, depressed the U.S. dollar in the aftermath of the statement as he said that there was still some way to go. While no decision on taper timing had been made, […]
