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The U.S. dollar rebounded on Friday while short traders in the EUR/USD and GBP/USD were able to book a good profit with both major currency pairs declining towards crucial support levels. We will have...
Both EUR/USD and GBP/USD have been trading in tight price ranges given the onset of the summer lull, making it difficult for traders to profit from low volatile swings. Even technical price breakouts...
In the end, there were no dramatic price fluctuations Friday with US jobs missing expectations. The payrolls report showed 559K jobs in May, a number that fell short of economists’ estimates...
As expected, we saw some bigger movements on Thursday with market participants positioning for a stronger payrolls report after ADP employment change surprised on the upside. Short traders in both...
Welcome to this new trading week, which we hope will provide more profitable opportunities than the last consolidative week.U.S. and U.K markets are closed today for the Memorial Day and the Spring...
The anti-risk US dollar appreciated against other currencies amid warnings of a broad-based repricing in the market. Following the dramatic price swings in cryptocurrency assets, central bankers...
The US dollar ended last week lower against other peers after US retail sales stalled in April following a sharp advance in the prior month. Regardless of the greenback’s most recent decline,...
Today all eyes will be on the US inflation data scheduled for release. Consumer price inflation is forecast to show an increase in April and investors wonder whether rising inflation will force the...
The U.S. dollar held losses after Friday’s NFP report missed the market’s high expectations. U.S. jobs rose by only 266K in April, while 1 million was projected. What we saw on Friday was...
The best performer on Wednesday was the DAX which rebounded towards 15200 while we have made a large catch with our long entry at 15020 that ended with a 100-points profit. Today the focus...
The FX market appeared to be taking a breather at the beginning of the week with market participants cautious ahead of today’s Federal Reserve policy decision. Consequently, there was nothing to...
The US dollar started this week on a weaker note against other major currencies and Wednesday’s Federal Reserve policy assessment, which has held firm against hawkish expectations could even...
The new week began with a correction in the market with the euro giving up some of its recent gains in the early trading hours while elsewhere, crypto investors are waking up with a sore head after...
Euro bulls took a breather on Friday after the shared currency had the best week against the US dollar so far this year. While the US and Asia are already on a solid recovery path, there is a belief...
Ahead of the Easter weekend there are two key events to watch this week:US President Joseph Biden plans to unveil a further stimulus program with a tilt toward infrastructure. Biden will outline his...
Rising yields in the US continued to support the greenback as it outperformed the euro and British pound.The pound came under additional selling pressure as the vaccine conflict between the EU and the...
This week will be dominated by the Federal Reserve meeting and the Fed’s statement on Wednesday. Traders will pay attention to updated economic projections and potential comments on rising...