Shifting Era – Things Just Won’t Be The Same

Things just won’t be the same – This could be the conclusion of the European Central Bank annual forum in Sintra, Portugal. ECB President Christine Lagarde said that she doesn’t think “that we are going to go back to that environment of low inflation.” Federal Reserve Chair Jerome Powell explained how forces including globalization, aging demographics, low productivity and technological developments are no longer keeping prices in check. “We’re learning to deal with it” Powell said.

Lagarde reckoned the shifting era will herald yet more upheaval and “will probably change continuously towards a system that we are not certain about”.

“We’ve lived in that world where inflation was not a problem,” Powell said. “I think we understand better how little we understand about inflation.” These are the words of a central bank head.

In other words, and in the way we see it, this could mean for the Western world that we will learn to deal with surging consumer prices, threats to economic growth and the possibility of further energy disruptions.

EUR/USD: The pair headed south towards 1.04. Focus shifts back to a potential bearish break of 1.0340. Next targets are 1.02 and 1.00. A current resistance remains intact at around 1.06.

GBP/USD: Below 1.24, bears are in control with the focus turning to a potential test of 1.19.

DAX: If the index remains below 13300, we expect a fall towards 12700.

Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.

We wish you good trades!

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Daily Forex, DAX And Crypto Signals 28/6/22

The euro took a glance above 1.0610 but there were no signs of stabilization above that price level, at least not until now. However, remaining above 1.0550 could still see a bullish breakout.

The cable bounced off the 1.2330-price area and continued its consolidation mode between 1.23 and 1.22. We will wait and see.

Traders in the DAX were able to profit with both long and short entries. As long as the index remains below 13700, we favor the downtrend with a lower target seen at 12700.

Daily Forex, DAX And Crypto Signals:

If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals.

EUR/USD

Long @ 1.0615

Short @ 1.0535

GBP/USD

Long @ 1.2290

Short @ 1.2235

DAX® (GER30)

Long @ 13270

Short @ 13140

ETH/USD

Long @ 1220

Short @ 1170

 

Monthly results 2022:

May 2022: +172 pips

April 2022: +111 pips

March 2022: +689 pips

February 2022: +531 pips

January 2022: +766 pips

 

Results 2021:

December 2021: +61 pips

November 2021: +452 pips

October 2021: +165 pips

September 2021: +578 pips

August 2021: +135 pips

July 2021: +34 pips

June 2021: +264 pips

May 2021: +528 pips

April 2021: +278 pips

March 2021: +45 pips

February 2021: +42 pips

January 2021: +472 pips

 

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 pips

 

Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.

Enge Preisspannen

Sowohl der EUR/USD als auch der GBP/USD bewegten sich in den letzten Tagen in einer engen Handelsspanne. Daher gab es keine profitablen Ausbrüche für Trader. Die maue Kursentwicklung könnte sich jedoch bis in die neue Woche hinein fortsetzen, es sei denn, es kommt zu Kursausbrüchen über oder unter die folgenden entscheidenden Kursniveaus, die eine neue Dynamik auslösen könnten.

EUR/USD: Bullisch: Oberhalb von 1,0610 sehen wir ein nächstes Ziel bei 1,0640. Über 1,0660 liegt das nächste Ziel bei 1,0760. Bärisch: Unterhalb von 1,0480 konzentrieren wir uns auf eine Talfahrt in Richtung 1,04. Unterhalb von 1,0380 liegen die nächsten Ziele bei 1,0350 und 1,02.

GBP/USD: Bullisch: Oberhalb von 1,2325 erwarten wir einen Test von 1,24. Oberhalb von 1,2430 verschiebt sich unser Fokus auf 1,26. Bärisch: Unterhalb von 1,2140 werden die nächsten tieferen Ziele bei 1,20 und 1,1920 gesehen.

Was steht in der kommenden Woche an? Das Hauptaugenmerk wird auf dem von der Federal Reserve bevorzugten Inflationsindikator, dem PCE-Index, liegen, der am Donnerstag veröffentlicht wird. Außerdem stehen am Mittwoch die Reden verschiedener Zentralbankchefs an.

Einen guten Wochenstart!

Der Inhalt des Beitrags spiegelt die persönliche Meinung des Autors wider. Dieser übernimmt für die Richtigkeit und Vollständigkeit keine Verantwortung und schließt jegliche Regressansprüche aus. Dieser Beitrag stellt keine Kauf- oder Verkaufsempfehlung dar.

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Range-Bound Market

Both EUR/USD and GBP/USD have been in range trading mode in recent days. Thus, profitable breakouts were lacking. However, the muted price action could extend into this new week unless we see price breakouts above or below the following crucial price levels which could ignite fresh momentum.

EUR/USD: Bullish: Above 1.0610, we pencil in a next target at 1.0640. Above 1.0660, the next target is at 1.0760. Bearish: Below 1.0480, we focus on a dip towards 1.04. Below 1.0380, next targets are at 1.0350 and 1.02.

GBP/USD: Bullish: Above 1.2325 we anticipate a test of 1.24. Above 1.2430, our focus shifts to 1.26. Bearish: Below 1.2140, next lower targets are seen at 1.20 and 1.1920.

What is in store for the week ahead? The focus will be on the Federal Reserve’s preferred inflation gauge, the PCE index due for release on Thursday. Furthermore, we have speeches from various central bank heads due on Wednesday.

Have a good start to the new week!

 

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Consolidations And Big Profits

The EUR/USD slipped below 1.05 but stopped its fall slightly above 1.0480 before consolidating again around 1.0530. If the pair now falls again below 1.0490, we see increased chances for a bearish move back toward 1.04. As stated in yesterday’s chart analysis and with a break above 1.0610, we may see a bull run for 1.08.

The GBP/USD reversed after touching again the support area around 1.2170. After days of consolidated movements, we may now see some larger moves with a higher target at 1.24. A fall below 1.2150 however, would shift the focus back to the 1.20-threshold.

DAX: We were able to catch a bigger fish yesterday with our 100-points-gain short trade. The index fell towards 12800. If it remains below 13300, we anticipate lower targets at 12600 and 12300.

We wish you a beautiful weekend.

Daily Forex, DAX And Crypto Signals:

If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals.

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Daily Forex And DAX Signals 23/6/22

The tone of Federal Reserve Chair Jerome Powell’s remarks at yesterday’s testimony was consistent with his hawkish comments at the last FOMC press conference. Powell warned however that it will be “very challenging” to foster a soft-landing for the economy even if the U.S. economy is very strong to handle tighter monetary policy. While the recession risk has clearly risen, traders continue to price the prospects of a hard-landing next year. The U.S. dollar slightly weakened against its counterparts on recession fears.

EUR/USD – Chances in favor of the bulls?

We see an ascending triangle in the daily chart which may predict upcoming bullish momentum as soon as the euro breaks above 1.0610. While a next hurdle is seen at 1.0650, bulls may push for a test of the 1.08-area. However, in case the pair falls back below 1.05, chances increase in favor of the bears.

Daily Forex, DAX And Crypto Signals 23/6/22:

If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals.

EUR/USD

Long @ 1.0585

Short @ 1.0525

GBP/USD

Long @ 1.2275

Short @ 1.2230 Trade hit TP

DAX® (GER30)

Long @ 13170

Short @ 13090 Trade hit TP100

 

Monthly results 2022:

May 2022: +172 pips

April 2022: +111 pips

March 2022: +689 pips

February 2022: +531 pips

January 2022: +766 pips

 

Results 2021:

December 2021: +61 pips

November 2021: +452 pips

October 2021: +165 pips

September 2021: +578 pips

August 2021: +135 pips

July 2021: +34 pips

June 2021: +264 pips

May 2021: +528 pips

April 2021: +278 pips

March 2021: +45 pips

February 2021: +42 pips

January 2021: +472 pips

 

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 pips

 

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2022 MaiMarFX.

www.maimar.co

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Powell Testimony And Daily Signals 22/6/22

Federal Reserve Chair Jerome Powell is expected to reinforce the commitment to fight inflation when he appears before Congress today at 13:30 UTC. Any hawkish remarks will be bearish for the market.

EUR/USD: We will pay tabs on prices above 1.0670 or below 1.0470. Above 1.0670, a higher target is at 1.0750. Below 1.0470, the focus turns back to a bearish break of 1.0340 with a lower target seen at 1.02.

GBP/USD: Currently we are looking at a trading range between 1.2450 and 1.1950. The bias remains however bearish as long as the pair trades below 1.24.

DAX: Bearish bias below 13500 with a lower target at 12440. The sentiment will change in favor of the bulls if the 14000-hurdle is cleared to the upside.

Daily Forex, DAX And Crypto Signals:

If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals.

EUR/USD

Long @ 1.0530

Short @ 1.0485

GBP/USD

Long @ 1.2260

Short @ 1.2210 Trade has hit profit target

DAX® (GER30)

Long @ 13110

Short @ 13060

 

Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2022 MaiMarFX.

www.maimar.co

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Powell Testimony In Focus

Welcome to a new trading week after the challenging last one which has cost us some feathers. Many trades have failed to deliver the desired results. However, this week is not such an event-loaden one, which is why we might see more muted trading conditions.

As recessionary fears ebb and flow so too will the U.S. dollar, given its safe-haven status. The greenback’s major focus this week will be the testimony from Federal Reserve Chair Jerome Powell on Wednesday and Thursday. If Powell firms up already strong expectations for further monetary policy tightening, sacrificing economic growth, the dollar could rise.

GBP/USD

Traders will eye U.K. inflation figures due on Wednesday. Inflation is expected to show another increase, intensifying hawkish pressure on the Bank of England to increase interest rates by 50bp in August.

The outlook for the pound sterling remains bearish despite its short-term relief rally. A higher resistance is expected to come in at around 1.25 (green ellipse). The sentiment will only change from bearish to bullish in case of a clear break above 1.27. Current supports are seen at 1.2150 and 1.20.

Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.

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Bullish Breakout

The British pound experienced a bullish breakout despite the Bank of England which disappointed with a 25bp rate hike move. U.K. inflation is expected to hit as high as 11% later this year. The BoE however signaled that it is prepared to unleash larger moves if needed. Trading the cable was messy yesterday, with an initial bearish move towards 1.2040 that quickly reversed and now the pair is trading above 1.23. In other words, we weren’t able to catch the big gain we were looking for.

GBP/USD tested the 1.24-resistance from where it bounced off. If the pair holds above 1.2250/1.22, sterling bulls may try to push for a test of 1.25. Below 1.2140 however, we expect the pair to head south with lower targets seen at 1.1950 and 1.19.

The EUR/USD rose on more hawkish ECB expectations and tested the 1.06-level. As long as the 1.0350-support holds, gains could be extended towards 1.07 and 1.08.

Have a good weekend.

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Copyright © All Rights Reserved 2022 MaiMarFX.

www.maimar.co

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BoE To Shock The Market With A Bigger Rate Hike?

What a trading day!

The Federal Reserve raised rates by 75bp, the biggest interest rate increase since 1994 and prices whipsawed. The EUR/USD tried to break its crucial support around 1.0350 with an all-time low sitting at 1.0340 but such historical bearish break seemed to be precipitously which is why prices consolidated around 1.0450, for now. The British pound rose on elevated rate hike expectations and provided some good profits for traders at the end of the trading day. The central bank’s aggressive tightening brings the economy closer to a recession and the effects will only be felt later on. In other words, we still have a long road ahead of us.

Today all eyes will turn to the Bank of England’s rate decision and to the British pound’s reaction to it. The BoE is expected to hike rates by (only) 25bp, compared to yesterday’s big Fed move. The risk for the GBP/USD is to the downside, since the BoE may have to take a more cautious approach to raising rates after data showed a surprise contraction in the U.K. economy in April. Most attention will be paid to the vote split of today’s decision for further insight into the BoE’s overall appetite for higher rates.

The BoE rate decision is due at 11:00 UTC.

A bigger-than-expected rate hike would be a shock and could send the pound above 1.2210 and further to a higher target of 1.23. Bears on the other side should pay attention to a slide below 1.2080 which could see another test of 1.20.

Our trading ideas for today 16/6/22:

GBP/USD

Long @ 1.2160

Short @ 1.2115

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

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Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram