Quiet Markets This Week?

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Welcome to a new trading week.

The economic data and events calendar is very thin this week and especially U.S. markets could be extra quiet with the Thanksgiving holiday on Thursday. Consequently, trading could be quiet while currency movements might be limited.

The U.S. dollar rose against other counterparts.

Sellers in the EUR/USD are trying to retake control. If the pair drops below 1.0240, we may see a correction towards 1.02 and probably even 1.01.

If the GBP/USD falls below 1.1800, the cable could further correct towards 1.1750 and 1.17.

Our trading ideas for today 21/11/22:

EUR/USD

Long @ 1.0270

Short @ 1.0240

GBP/USD

Long @ 1.1830

Short @ 1.1790

DAX® (GER40)

Long @ 14410

Short @ 14360

Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 40

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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Daily Trading Signals Friday 18/11/22

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The U.S. dollar rallied on Thursday but was unable to hold gains, ending the trading day virtually unchanged against the euro and pound. We will try to catch some small profits today. Let’s see.

We wish you a wonderful weekend!

Our trading ideas for today 18/11/22:

EUR/USD

Long @ 1.0410

Short @ 1.0335

GBP/USD

Long @ 1.1940

Short @ 1.1875

DAX® (GER40)

Long @ 14340

Short @ 14270

Settings for all trades today: Entries from 8:00 am UTC,  SL 25

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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U.K. Inflation Hits Highest Level In 41 Years

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U.K. inflation rose to 11.1 percent from a year ago while this result increases the chances the Bank of England will raise interest rates again next month.

From a technical perspective, there could be room for a bullish extension towards 1.2060 but sterling bulls should be careful since the pound remains slightly overbought. The current support area is seen at around 1.17.

Our trading ideas for today 17/11/22:

EUR/USD

Long @ 1.0410

Short @ 1.0340

GBP/USD

Long @ 1.1925

Short @ 1.1885

DAX® (GER40)

Long @ 14340

Short @ 14290

Settings for all trades today: Entries from 8:00 am UTC,  SL 25

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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Price Overshoot

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The selloff in the U.S. dollar gained momentum Tuesday and led to overshooting prices in other counterparts. The British pound surged to a high of 1.2029 despite a deeply overbought situation. The euro, however refrained from testing the 1.05-level after breaking above 1.0370. Nonetheless, we saw sharp corrections in both pairs following price peaks.

We were able to catch some good profits in the midst of yesterday’s bullish momentum.

GBP/USD

Below 1.19 we expect a steeper correction towards 1.16. However, given the market’s speculation about a dovish sentiment (despite continued warnings that inflation is too high!) we may experience some extended dollar weakness. Today, U.K. inflation will be released, so let’s see what is in store for sterling traders.

Our trading ideas for today 16/11/22:

EUR/USD

Long @ 1.0410

Short @ 1.0360

GBP/USD

Long @ 1.1910

Short @ 1.1830

DAX® (GER40)

Long @ 14370

Short @ 14320

Settings for all trades today: Entries from 8:00 am UTC,  SL 25,

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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Difficult Trading And New Signals

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Yesterday was by far not our favorite trading day. We suffered several losses in all trading instruments. However, these challenging days always happened in our trading history while we know that better days are coming. We hope for more profitable movements today in order to compensate some of yesterday’s losses.

Our trading ideas for today 15/11/22:

EUR/USD

Long @ 1.0390

Short @ 1.0310

GBP/USD

Long @ 1.1830

Short @ 1.1790

DAX® (GER40)

Long @ 14410

Short @ 14290

Settings for all trades today: Entries from 8:00 am UTC,  SL 25, TP 40

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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Have Markets Over-Reacted To Last Week’s Inflation Data?

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Welcome to a new trading week. Risk appetite improved around the world after signs of cooling in U.S. inflation and the prospects of a dovish tilt by the Federal Reserve. The U.S. dollar weakened against other counterparts. However, markets may have over exaggerated last week’s inflation print since a few declines in inflation does not mean that inflation pressure is finally over and that the Fed is shifting from hawkish to dovish. The market’s risk appetite could thus be premature with limited upside in both EUR/USD and GBP/USD.

For the British pound, the U.K. will release inflation data on Wednesday.

GBP/USD

The shift in global risk sentiment and the large dollar sell-off benefitted the pound and sent sterling soaring, lifting it above 1.16 and further to the 1.17-1.19 resistance zone. Sterling bulls should however be careful. U.K. employment and inflation data are on tab this week, leaving the pound vulnerable.

From a technical perspective, the pair is overbought with the current resistance zone ranging from 1.17 to 1.19. We expect any further gains to be limited to a maximum of $ 1.1940. The most likely scenario in our opinion is a correction towards 1.15/1.1450.

EUR/USD

Speculation for a smaller Fed rate hike in December could keep the pair afloat over the coming weeks. However, the pair is overbought, making it vulnerable for a correction toward the parity level. A bullish breakout above 1.0370 on the other side could see a bullish extension towards 1.06.

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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Überreagierten die Märkte auf die Inflationsdaten der letzten Woche?

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Willkommen zu einer neuen Handelswoche. Die Risikobereitschaft hat sich am Markt verbessert, nachdem es Anzeichen für eine Abkühlung der Inflation in den USA und die Aussicht auf eine weniger hawkische Haltung der Federal Reserve gab. Der U.S. Dollar schwächte sich gegenüber anderen Währungen ab. Allerdings könnten die Märkte die Inflationsdaten der letzten Woche überbewertet haben, denn ein paar Rückgänge der Inflation bedeuten nicht gleich, dass der Inflationsdruck endgültig vorbei ist und die Fed sofort von einer falkenhaften zu einer taubenhaften Haltung übergehen kann. Die aktuelle Risikobereitschaft könnte daher verfrüht sein und somit könnte das Aufwärtspotenzial im EUR/USD und GBP/USD begrenzt sein.

Was das britische Pfund betrifft, so wird das Vereinigte Königreich am Mittwoch seine Inflationsdaten veröffentlichen.

GBP/USD

Der Stimmungsumschwung am Markt und der starke Ausverkauf des Dollars kamen dem Pfund zugute und ließen es über 1.16 und weiter bis zur Widerstandszone bei 1.17-1.19 steigen. Sterling Bullen sollten jedoch vorsichtig sein. In dieser Woche stehen im Vereinigten Königreich Beschäftigungs- und Inflationsdaten an, was das Pfund anfällig macht.

Aus technischer Sicht ist das Paar überkauft, wobei sich die aktuelle Widerstandszone von 1.17 bis 1.19 erstreckt. Wir gehen momentan davon aus, dass weitere Kursgewinne auf maximal $1.1940 begrenzt sein werden. Das wahrscheinlichste Szenario ist unserer Meinung nach eine Korrektur in Richtung 1.15/1.1450.

EUR/USD

Spekulationen auf eine geringere Zinserhöhung der Fed im Dezember könnten das Währungspaar in den kommenden Wochen über Wasser halten. Das Paar ist jedoch überkauft, was es anfällig für eine Korrektur in Richtung der Paritätsmarke macht. Ein bullischer Ausbruch über 1.0370 könnte hingegen eine bullische Ausweitung in Richtung 1.06 ermöglichen.

Wir wünschen gute Trades!

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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www.maimar.co

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Profitable Week

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Slower-than-expected U.S. inflation gave a boost to risk appetite, pushing both euro and British pound above bullish breakout levels. Both of our yesterday’s long entries in EUR/USD and GBP/USD have hit their profit targets easily. Overall, we were able to secure a very good weekly profit which is why we do not trade today.

Our trading ideas for the DAX today 11/11/22:

DAX® (GER40)

Long @ 14280

Short @ 14230 Hit TP in a few minutes

Settings for all trades today: Entries from 8:00 am UTC,  SL 25, TP 40

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:

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U.S. CPI In Focus

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The midterm election results are still unknown. Republicans are headed toward control of the U.S. House, but by smaller margins than forecast while the race for Senate continued. The U.S. dollar ended yesterday’s trading day slightly stronger against its counterparts.

Today all eyes will turn to the October inflation data, due for release at 13:30 UTC. This report will heavily influence the Federal Reserve’s rate hike path as it helps to determine the size of the Fed’s tightening next month and where rates will peak. A lower reading will surely boost risk appetite with a weakening dollar. A higher-than-expected outcome, however, will strengthen the greenback on the back of risk aversion.

GBP/USD: Technically, we see chances in favor of the bears since the cable refrained from a climb above 1.16. Only a significant break above 1.16 could heighten the picture in favor of the bulls.

EUR/USD: The euro reversed shy of 1.01, formatting a double-top pattern that suggest upcoming bearish momentum. If CPI data comes in higher-than-forecast the double-top- pattern will be played out. In the positive case of lower U.S. inflation, the euro could break above 1.01 and head for a test of 1.0180.

We wish you all good trades for today!

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www.maimar.co

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U.S. Midterm Elections: Tight Race

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The U.S. dollar weakened against other counterparts while investors await results from the U.S. midterm elections. Early tallies showed the outcome will be closer than expected. For the dollar to find support the Democrats need to keep control of both the House and the Senate.

EUR/USD

The euro traded around the parity level and any price breakouts either above 1.01 or below 0.99 will attract our attention. Above 1.01 a higher target will be at 1.0180. Below 0.9870 a lower target will be at 0.98.

GBP/USD

As long as the cable remains below 1.16, we favor the downtrend with a next lower target seen at 1.1250. Above 1.1650 however, we will pencil in a higher target at 1.1850.

Our trading ideas for today 9/11/22:

EUR/USD

Long @ 1.0090

Short @ 1.0040

GBP/USD

Long @ 1.1565

Short @ 1.1520

DAX® (GER40)

Long @ 13660

Short @ 13560

Settings for all trades today: Entries from 8:00 am UTC,  SL 25

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