October 2020 – MaiMarFX

Secure Your Profit Now And Fasten Your Seat-belt For Next Week

October 30, 2020/in General News & Updates /by MaimarFX

Dear traders,

The European Central Bank stood pat for now and finally did not surprise the market at yesterday’s policy decision. Policy makers, however, paved the way for a fresh easing package in December. The ECB held its pandemic bond-buying program at 1.35 trillion euros, reiterating that it will run until at least June 2021 and won’t be stopped until the “crisis phase” of the pandemic is past.

The euro reacted in line with the market’s expectations and slid slightly lower to a low of 1.1650. We were able to book a good profit yesterday by trading our short entry.

Fasten your seat-belts for next week’s U.S. election while uncertainty remains elevated. Volatility is expected to pick up next week and traders around the globe prepare for large market movements.

We will be back on Monday and until then we wish you a wonderful and relaxing weekend!

Follow our daily signal alerts
Subscribe to our daily signal service

We wish you good trades!

Any and all liability of the author is excluded.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

Final U.S. Presidential Debate Leaves Market Unaffected

October 23, 2020/in General News & Updates /by MaimarFX

Dear traders,

While the tone of the final U.S. presidential debate was much more civil that the first debate it gave traders little reason to shift their stances before the election on November 3 with the market showing no reaction during the debate.

The U.S. dollar traded slightly higher against the euro and pound but no big market moves were seen Thursday.

The DAX broke below 12400 and slid to a low of 12342 which was only a few pips away from our profit target TP100. However, we were able to book a good profit before the index recovered its losses.

Today is the last trading day of the week and we will save our weekly profit and wish everyone a wonderful weekend!

Follow our daily signal alerts
Subscribe to our daily signal service

We wish you good trades!

Any and all liability of the author is excluded.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

USD Remains Weak, EUR And GBP With a Slight Tailwind

October 21, 2020/in General News & Updates /by MaimarFX

Good morning everyone!

The U.S. dollar remained under pressure amid optimism about progress on stimulus talks in Washington. White House Speaker Nancy Pelosi said she is hopeful for a stimulus agreement this week which would be bigger, better and retroactive. However, with the U.S. election looming the dollar’s fate will mainly hinge on the election outcome.

Looking ahead to the European Central Bank meeting next Thursday ECB President Christine Lagarde said the unexpectedly early pickup in coronavirus infections is a “clear risk” to the economic outlook, which could be a sign that policy makers are preparing for more monetary stimulus. Investors largely expect the ECB to wait until December before boosting its 1.35 trillion-euro pandemic bond-buying program. Updated projections for growth and inflation that could justify more action will be announced at the ECB meeting in December.

As anticipated in yesterday’s analysis, the EUR/USD broke its narrow price range and could now be heading toward 1.1880 or even 1.1915, provided that the 1.1850-level gives way to further bullish momentum in this pair.

The picture was completely different in the GBP/USD, which consolidated between 1.2980 and 1.2910 Tuesday.

Follow our daily signal alerts
Subscribe to our daily signal service

We wish you good trades!

Any and all liability of the author is excluded.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

Pound Trades Resiliently Amid Brexit Headlines

October 19, 2020/in General News & Updates /by MaimarFX

Dear traders,

We welcome you to a new trading week.

Traders of the GBP/USD have been on a roller-coaster ride Friday with the pound failing to find a clear direction and trading choppily between 1.2963 and 1.2863.

The British pound was resilient to negative Brexit headlines after negotiations over a Brexit deal have stalled with Boris Johnson announcing on Friday that he will focus on preparations to leave the EU’s single market and customs union at the year-end without a trade deal. End of October/ Early November is the last likely moment a deal can be struck and implemented until year-end.

With 15 days to go until the U.S. election, polls show increasing odds of a Democratic sweep and the market thus sees increasing chances of larger economic stimulus. The upcoming election will determine main market moves and if polls suggest a too-close-to-call election volatility will rise quickly.

The final presidential debate before the U.S. election, between President Donald Trump and Joe Biden, will be live from Nashville, Tennessee on Thursday.

Follow our daily signal alerts
Subscribe to our daily signal service

We wish you good trades!

Any and all liability of the author is excluded.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

British Pound Climbs on Hopes of Brexit Deal

October 15, 2020/in General News & Updates /by MaimarFX

Dear traders,

It has been a rocky trading day Wednesday with the euro and cable finding a short-term support before they managed to recover some lost ground against the U.S. dollar.

The British pound climbed as investors awaited more news on Brexit negotiations. The U.K. and EU consider the end of October or first days of November as real deadline for getting a deal. The U.K. will leave the bloc’s single market and customs union with or without a new trade agreement when the 11-month transition period expires on December 31, but any deal has to be approved by the British and European parliaments before then.

The DAX hasn’t served us well yesterday and neither bullish nor bearish momentum provided any profitable trading chance.

Let’s see what today brings.

Follow our daily signal alerts
Subscribe to our daily signal service

We wish you good trades!

Any and all liability of the author is excluded.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

U.S. Inflation data In Focus

October 13, 2020/in General News & Updates /by MaimarFX

Dear traders,

Monday’s trading was quiet with the U.S. dollar slightly appreciating versus its peers but without any profitable trading chances. Volatility was also muted due to a public holiday in the U.S. Monday, so let’s see what Tuesday brings.

We will keep an eye on the U.S. inflation rate release today at 12:30 UTC.

Investors weigh a potential setback on progress toward a coronavirus vaccine after a report that Johnson & Johnson’s Covid-19 vaccine study has been paused due to an unexplained illness in a participant. Any delay in the Covid-19 vaccine progress is generally considered dollar positive.

The uncertainty around the U.S. election and uncertainty about the timing and effectiveness of a vaccine will be the main market movers.

EUR/USD: Resistance is currently seen at 1.18 whereas the pair may find a short-term support at 1.1770.

GBP/USD: Cable has a strong support-zone between 1.30-1.2950. For accelerated bullish momentum we will need to see the pair trading above 1.3070 with a higher target at 1.3115.

DAX: If the index falls back below 13050, we may see a dip towards 13000. Remaining above 13100 higher targets could be at 13220.