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We got what we were looking for in yesterday’s analysis: A breakout in the EUR/USD. The euro broke out of its narrow trading range and surpassed the 1.1445-barrier. Our long entry has thus...
Nothing much has changed in the EUR/USD and GBP/USD while a holiday trade was clearly in effect on Tuesday. Other currencies, such as the yen were sought as a safer haven after North Korea said...
Both EUR/USD and GBP/USD opened this summer week near their highs with the U.S. dollar remaining weak ahead of Friday’s U.S. jobs report. Trading volumes could however be light at the start of...
They still exist, the huge price breakouts in spite of low volatility amidst a low-liquidity market environment. While we have almost forgotten how sustained breakouts look like, yesterday’s...
We welcome you to a new trading week in the extremely low-volatile markets where liquidity dried up substantially. Facing these challenges, day traders will have to settle for less, at least as long...
Yesterday was once again a very profitable trading day for sterling traders, particularly for those who sold GBP/USD. The pound slid to a low of 1.2602 after Bank of England Governor Mark Carney said...
We welcome you to a new trading week. The euro has recovered some losses against the U.S. dollar and is currently trading at around 1.12. The pound sterling traded virtually unchanged against the...
Markets were quiet on Tuesday and traders are wondering whether this could be the calm before the storm. There was little consistency in the performance of both EUR/USD and GBP/USD ahead of tomorrow's...
The British pound gapped slightly lower after the latest terror incident in London, in which seven people were killed and 48 were injured. The attack comes just days before the June 8 general U.K....
The pound sterling continued to be very volatile on increased sensitivity to polls ahead of next week's U.K. vote. While separate polls paint a mixed picture the pound reacts sensitively to every...
The pound sterling ended last week in negative territory as U.K. elections are getting tighter. The pound dropped sharply towards its crucial support zone between 1.2770-50 after a YouGov poll put the...
The euro rejected 1.1270 and plunged into negative territory. The British pound, however, traded flat within an 80-pip trading range while larger market movements are still lacking.Today's attention...
The euro further advanced against the U.S. dollar after German Chancellor Angela Merkel said the euro is "too weak" because of the European Central Bank's monetary policy. Her statement gave traders...
A slight glimmer of hope emerged for day traders in the Forex market after the euro surged by more than 1 percent amidst very quiet market times. The euro broke through short-term technical barriers...
The U.S. dollar traded lower against the euro and British pound after U.S. retail sales and CPI data fell short of estimates. Following Friday's softer reports, the odds for a Federal Reserve rate...
The euro opened this week slightly higher after Emmanuel Macron has beaten Marine Le Pen in the second round of the French presidential elections. Since a Macron victory was widely expected, the...
The market reaction to the FOMC rate decision Wednesday was muted and provided little impetus for the U.S. dollar even though the Federal Reserve sees the recent soft U.S. economic data reports as...