Choppy Swings

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We saw some choppy swings on Tuesday which also provided some profit for traders. The U.S. dollar traded lower against the euro and pound but ended the day virtually unchanged. Market participants speculate on a more restrictive monetary policy after a potential debt deal in the U.S. This could slow the economy and thus, increase recession fears, in case the White House plans to reduce government spending.

Technical view

GBP/USD: The pound climbed back above 1.24 but struggles to hold that level. If 1.23 breaks to the downside, we expect further losses towards 1.22. On the topside the next resistance is seen at 1.2520.

EUR/USD: The euro tends to trade downwards. As long as it remains below 1.08, the next target will be the crucial support at around 1.05.

 

Daily Forex and DAX Signals:

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Our trading ideas for today 31/5/23:

EUR/USD

Long @ 1.0725

Short @ 1.0680

GBP/USD

Long @ 1.2430

Short @ 1.2370

DAX® (GER40)

Long @ 15860

Short @ 15770

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 2023 MaiMarFX.

www.maimar.co

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Daily Trading Signals

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Markets have been fairly quiet yesterday with the exception of the DAX which tested the recent resistance at around 16090 from where it slipped back more than 150 points towards 15900. Our sell order was able to provide a good profit.

Daily Forex and DAX 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.

Our trading ideas for today 30/5/23:

EUR/USD

Long @ 1.0760

Short @ 1.0675

GBP/USD

Long @ 1.2380

Short @ 1.2325

DAX® (GER40)

Long @ 15990

Short @ 15960*

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 2023 MaiMarFX.

www.maimar.co

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Low Volatility

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Happy Pentecost everyone!

In terms of a U.S. debt deal, traders will focus on how talks progress as the June 5 deadline approaches. Meanwhile, stronger than-expected U.S. inflation led to a repricing in rate hike expectations, bringing back the possibility of a Federal Reserve rate hike in June. An anticipated pause in the Fed’s rate hike cycle could thus be a close call.

On Friday we will have the U.S. NFP jobs report scheduled for release. Further signs that the job market is robust will cool rate-cut bets and thus, support the greenback.

DAX: The index holds above its crucial support zone between 15650 and 15700. As long as that zone remains intact, we could imagine another bullish run for 16300.

EUR/USD: We expect the pair to trade between 1.08 and 1.06 for the time being.

Markets are shut today for the Pentecost or Memorial Day holiday (U.S.). Volatility could thus be at muted levels.

Daily Forex and DAX Signals:

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We wish you good trades!

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Daily Trading Signals

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Our trading ideas for today 26/5/23:

EUR/USD

Long @ 1.0765

Short @ 1.0690

GBP/USD

Long @ 1.2360

Short @ 1.2280

DAX® (GER40)

Long @ 15840

Short @ 15780

 

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 2023 MaiMarFX.

www.maimar.co

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DAX And GBP/USD: Further Losses

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The DAX extended its losses and broke below 15900. Thus, the 16000-handle turns once again into a resistance rather than a support. We now see a next support at around 15700.

GBP/USD: The cable seems to be primed for at least a test of 1.2290, and could be vulnerable to further losses. For sterling bulls to regain strength we would need to see prices above 1.2560.

Daily Forex and DAX 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.

 

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 2023 MaiMarFX.

www.maimar.co

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U.S. Dollar Strengthen On Higher Treasury Yields

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The U.S. dollar traded higher on firm treasury yields despite U.S. debt ceiling talks that appeared to have stalled on Tuesday. If the congress fails to reach an agreement to lift the country’s borrowing capacity, volatility could increase dramatically. Furthermore, the U.S. dollar’s safe haven status may come under questioning in case of a possible U.S. default.

The euro fell back towards 1.0760 on the back of the greenback’s recovery while sterling slid below 1.24.

EUR/USD: Below 1.0740, a next target is at 1.07. On the upside, a current resistance is seen at 1.0870.

As expected, also the DAX corrected recent gains and fell towards the crucial 16000-handle. We expect the recent support area to range from 16000 to 15950 where bulls may take the opportunity to jump back in.

Daily Forex and DAX 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.

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 2023 MaiMarFX.

www.maimar.co

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Daily Trading Signals

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Dear traders,

There is not much new to report.

We saw a modest correction in the DAX while both euro and pound consolidated.

Let’s see what today will bring.

Daily Forex and DAX 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.

Our trading ideas for today 23/5/23:

EUR/USD

Long @ 1.0840

Short @ 1.0785

GBP/USD

Long @ 1.2470

Short @ 1.2410

DAX® (GER40)

Long @ 16280

Short @ 16190

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 2023 MaiMarFX.

www.maimar.co

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Gespräche um U.S. Schuldenobergrenze

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Willkommen zu einer neuen Handelswoche.

Die Hoffnung auf eine Einigung in Washington zur Anhebung der Schuldenobergrenze, um einen katastrophalen Zahlungsausfall zu vermeiden, hat dem US-Dollar Auftrieb gegeben. Obwohl jeder weiß, dass eine erneute Anhebung der Schuldenobergrenze keine Lösung für die Haushaltsprobleme der USA darstellt, besteht für das Land ein erhebliches Risiko, ohne eine Anhebung der Schuldenobergrenze in den ersten beiden Juniwochen in Zahlungsverzug zu geraten.

Die Gespräche über die US-Schuldenobergrenze dürften daher die Marktstimmung in dieser Woche dominieren. Weitere interessante Daten könnten die Inflationsdaten aus Großbritannien (Mittwoch), das BIP für das erste Quartal in den USA (Donnerstag) und der U.S. PCE-Index (Freitag) sein.

EUR/USD: Der Euro hat bei etwa 1,0750 eine kurzfristige Unterstützung gefunden. Sollte die 1,0760 durchbrochen werden, liegt das nächste Ziel bei 1,0715. In der Zwischenzeit und bei einem Verbleib über 1,08 erwarten die meisten Händler eine Korrektur in Richtung 1,09.

GBP/USD: Das Pfund Sterling hat seinen Ausverkauf verlangsamt und konnte sich über 1,24 halten. Solange diese Marke hält, rechnen wir mit einer Erholung in Richtung von mindestens 1,2550.

DAX: Aufladen der Batterien vor einer neuen Bullenbewegung

Der Index korrigierte leicht, nachdem er ein neues Hoch bei 16334 erreicht hatte. Während die Bullen in den Startlöchern für eine weitere Aufwärtsbewegung zu stehen scheinen, befindet sich der Index derzeit im überkauften Bereich, was die Chancen für eine Korrektur in Richtung 16000 erhöht. Die Bullen benötigen jedoch mehr Kraft, um die 16350er-Marke signifikant zu durchbrechen, weshalb wir eine Art Konsolidierung erwarten, bevor das bullisches Momentum wieder zunimmt.

Wenn auch Sie wissen möchten, wo wir unseren Stopp-Loss und Take-Profit setzen und ob wir an einem bestimmten Tag handeln oder nicht, sowie wie wir unsere Positionen managen, dann abonnieren Sie unseren Signalservice.

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.

Copyright © 2023 MaiMarFX.

www.maimar.co

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U.S. Debt Ceiling Talks

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Welcome to a new trading week.

Hopes of a deal in Washington to raise the debt ceiling to avoid a catastrophic default have buoyed the U.S. dollar. However, while everyone knows that raising the debt ceiling once again is not the solution of the U.S.’s fiscal problems, the country faces a significant risk of defaulting on payment obligations within the first two weeks of June without a debt ceiling increase.

Thus, U.S. debt ceiling talks are likely to dominate the market sentiment in this week. Furthermore, interesting data releases could be U.K. inflation data (Wednesday), U.S. Q1 GDP (Thursday) and the U.S. core PCE price index (Friday).

EUR/USD: The euro found a short-term support at around 1.0750. If 1.0760 breaks, a next target will be at 1.0715. In the meantime, and remaining above 1.08, most traders expect a correction towards 1.09.

GBP/USD: Sterling has slowed its sell-off and was able to hold above 1.24. As long as this handle holds, we anticipate a rebound towards at least 1.2550.

DAX: Recharging batteries before a renewed bull run

The index slightly corrected after hitting a fresh high at 16334. While bulls seem to be in the starting holes for another leg up, the index is currently in overbought territory, increasing the chances for a correction towards 16000. However, bulls need more strength to break the 16350-handle significantly which is why we expect some kind of consolidation before bullish momentum increases again.

Daily Forex and DAX 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.

 

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 2023 MaiMarFX.

www.maimar.co

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Profitable Trading Day

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Dear traders,

What a trading day yesterday! We were able to pocket a 100 points DAX profit amidst a bull run towards 16300. Let’s see whether bulls can also take out the 16300-barrier in the near-term. The former 16000-resistance is now seen as a higher support.

Elsewhere, yesterday turned out to be a profitable trading day as both euro and pound sold off against the U.S. dollar. We will save the weekly profit.

Have a wonderful weekend everyone!

Daily Forex and DAX 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.

Our trading ideas for today 19/5/23:

EUR/USD

Long @ 1.0810

Short @ 1.0735

GBP/USD

Long @ 1.2440

Short @ 1.2385

DAX® (GER40)

Long @ 16240

Short @ 16140

 

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

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