Investors have moved to less-defensive positions amid signs of a Ukraine de-escalation. Russia’s apparent pullback led to some relief in the market and risk appetite drove the U.S. dollar lower and risk assets higher. We were able to book some good profits with our buy position in the EUR/USD, our sell position in the GBP/USD and last but not least our buy position in the DAX that surged by more than 3 percent from our entry level.
Today, the FOMC minutes at 19:00 UTC will be closely watched. If the minutes are perceived as hawkish, the dollar could soar against other counterparts.
Daily Forex 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.
Try out our new signals for cryptocurrencies:
Long @ 3160
Short @ 3090
We wish you good trades!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2022 MaiMarFX.
Follow us on social media: