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The U.S. dollar’s relief rally has lost some momentum with both EUR/USD and GBP/USD heading upwards. From a technical perspective it is noteworthy that the important resistance levels in both...
While Friday’s U.S. Payrolls report proved surprising, showing a -33,000 job loss in September, it came in with a strong 0.5 percent rise in average hourly earnings and the lowest unemployment...
There was little consistency in the performance of the U.S. dollar on Wednesday despite the unexpected strength of the ISM Non-Manufacturing data. The jump in the ISM services index is an argument in...
Trading was relatively quiet Tuesday with the U.S. dollar’s latest recovery losing some momentum. After crucial support zones in the EUR/USD and GBP/USD have been tested, it seems that the euro...
We welcome you to a new trading week and a new trading month.The euro trended lower after a contentious vote in Catalonia on whether to split from Spain. Two million Catalans backed independence in a...
The U.S. dollar strengthened against its major counterparts as comments from Federal Reserve Chair Yellen and President Trump bode well for some renewed upward momentum in the greenback. Yellen...
The euro weakened against the U.S. dollar in the aftermath of the German election results while the important support area around 1.1830-1.18 remained unbroken until this morning. As mentioned in our...
The euro dropped in the aftermath of Germany’s election as the ballot results foreshadow a complex political-coalition building.The single currency gapped lower against the U.S. dollar after...
Markets remained largely calm on Tuesday with the U.S. dollar steadying ahead of the highly anticipated Federal Reserve decision today at 18:00 UTC. Could this be the calm before the storm? Maybe,...
We welcome you to a new trading week.The best performing currency last week was the British pound which skyrocketed by more than 4 percent following the Bank of England’s hawkish shift,...
There has been a reversal in the market. After a long period of US dollar weakness we finally saw the dollar strengthening against its peers. The greenback gained against the euro and British pound on...
Yesterday’s best performer was undisputed the British pound which was headed towards 1.33 on the back of stronger U.K. inflation. The U.K. CPI accelerated more than forecast and sterling bulls...
After the euro and British pound hit new highs versus the U.S. dollar, we recently saw some reversal in the uptrend of both EUR/USD and GBP/USD. Much of the strong performance of the euro and pound...
It’s decision day at the European Central Bank and traders are eagerly awaiting ECB President Draghi’s comments. Today’s ECB meeting is a very important event as it is expected to...
The best performer Tuesday was the British pound which rose above 1.30 against the U.S. dollar. The strong rise occurred after dovish comments from Federal Reserve member Lael Brainard who said that...
The U.S. employment report on Friday disappointed but the U.S. dollar performed quite resiliently following the weaker-than-expected payrolls numbers. The greenback initially plunged but losses were...
We are back from our holidays and warmly welcome you to the trading month of September. Despite the usual low liquidity during the summer months there was a clear trend in the market, namely the...