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The euro broke above Monday's spike high at 1.0923 but gains were capped at 1.0950, at least for the time being. The question now is whether there is still room for further gains. Looking at the...
The first round of the French presidential election is behind us and investors were relieved that Emmanuel Macron and Marine Le Pen advanced to the second round of voting. Market participants now...
Market participants returned online after the Easter holiday and we welcome you to a hopefully profitable new trading week despite a relatively light economic calendar.What has happened in the market...
Risk aversion and the liquidity drain ahead of the Easter holiday are hobbling the market. Tuesday's best performer, however, was the British pound which soared to a high of 1.2494. The pound sterling...
Following the terrorist attacks in Europe and a rise in global risk aversion, the U.S. dollar has benefited as a safe haven. The greenback advanced against the euro and British pound as investors...
After two days of low volatility and small market movements we might see an increase in volatility today with the March FOMC minutes being scheduled for release ahead of the upcoming meeting between...
We welcome you to the trading month of April. While trading the currency market has recently been a bit challenging, resulting nearly in a zero-sum game, we anticipate more trendsetting price...
The biggest story on Tuesday was the trend reversal of the British pound. Sterling reversed shy of 1.26 and dropped sharply towards 1.2350. The sharp sell-off was due to the much-anticipated Brexit...
The U.S. dollar fell to its lowest level since November as investors assessed the U.S. administration's ability to push through promised tax cuts and infrastructure spending. That, in turn, raises...
Both euro and British pound extended their gains versus the U.S. dollar on Tuesday. But the best performer was the pound sterling which rose toward 1.25 after U.K. inflation accelerated more than...
U.K. inflation accelerated more than expected and the pound surged to a high of 1.2474. While we expected some upcoming upward movement this morning, we doubt that this short squeeze will be...
It's Fed-decision day and the waiting finally comes to an end. After several days of range-bound conditions and low volatility, traders now prepare for volatile swings and trend-setting movements. The...
Last Friday ended with a price spike in the EUR/USD which was due not only to the weakening U.S. dollar, but also to speculation around the French presidential elections. Odds are increasing that the...
It's ECB decision day and the euro traded slightly lower against the U.S. dollar ahead of the event risk. Meanwhile, the dollar received some support by an unexpectedly robust ADP employment report...
Investors are unfazed by the surging odds of a Federal Reserve rate hike. While expectations for an imminent rate hike next week have exploded from 40 to 90 percent, the U.S. dollar has reacted fairly...
The dollar rally is finally gaining momentum after Federal Reserve officials supported the case for a March rate hike. Therefore, the market started to price in a potential rate rise in two weeks with...
There is still nothing new to report at this time. No trend, no breakout and consequently no sustained profit. It is thus difficult for day traders to benefit from directionless market swings.When...