DAX: Can Bulls Hold 16000?

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The DAX recaptured the 16000-handle but faces a next hurdle at around 16100. Above 16130, chances increase for a renewed bull run towards 16300. Falling back below 15880, however, could see increased bearish momentum with a next lower target at around 15700 – the latest support area (green ellipse).

 

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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.

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Daily Trading Signals

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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 17/5/23:

EUR/USD

Long @ 1.0880

Short @ 1.0840

GBP/USD

Long @ 1.2520

Short @ 1.2440

DAX® (GER40)

Long @ 15940

Short @ 15860

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.

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www.maimar.co

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Setzt sich die Erholung des US-Dollars fort?

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In der vergangenen Woche erlebten wir einen starken Anstieg des US-Dollars, nachdem hawkische Kommentare der Federal Reserve und die immer noch hohe Inflation Zweifel aufkommen ließen, ob die Fed bei ihren nächsten Sitzungen mit den Zinserhöhungen pausieren wird. Die jüngsten Äußerungen der Fed tendierten eher in die Richtung der Falken und einige Zentralbanker deuteten an, dass die Zentralbank die Zinserhöhungen möglicherweise noch nicht abgeschlossen hat. Für Freitag ist eine Rede des Fed-Vorsitzenden Jerome Powell geplant. Weitere Sorgen bereitet derweil die Schuldenobergrenze, und Finanzministerin Janet Yellen machte bereits deutlich, dass eine ausbleibende Anhebung der Schuldenobergrenze der US-Wirtschaft und den Finanzmärkten schaden würde.

GBP/USD

Das Pfund Sterling beendete die vergangene Woche gegenüber dem Dollar schwächer, verließ seinen jüngsten Aufwärtstrendkanal und geriet in den überverkauften Bereich. Unterdessen bleibt die 1,25-Marke ein entscheidendes Kursniveau. Gelingt es dem Pfund wieder über 1,25 zu klettern, verlagert sich der Fokus zurück auf den Widerstand um 1,2550-1,26. Sollte die 1,25-Marke nicht zurückerobert werden können, sind weitere Verluste wahrscheinlich, wobei ein Test der unteren Unterstützung bei 1,2350 möglich ist.

EUR/USD

Ein Blick auf den Wochenchart zeigt, dass eine Korrektur von den hohen Kursniveaus unvermeidlich und vernünftig erschien. Auch wenn das Paar in kürzeren Zeitfenstern in den überverkauften Bereich eingetreten ist, bereiten wir uns vorerst auf weitere Verluste in Richtung 1,0750 vor. Allerdings liegt zwischen 1,0650 und 1,05 eine wichtige Unterstützungszone, die den Verkaufsdruck dämpfen dürfte.

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.

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U.S. Dollar Rebound To Continue?

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What we saw last week was a sharp U.S. dollar rebound after hawkish comments from the Federal Reserve and still-elevated inflation raised doubts on whether the Fed will pause rate hikes at their next meetings. Since recent Fed speak has tilted toward the hawkish side with some central bankers hinting at the probability that the central bank may not be done raising rates. A speech from Fed chair Jerome Powell is scheduled for Friday. Further concerns remain meanwhile around the debt ceiling while Treasury Secretary Janet Yellen made clear that if raising the debt ceiling is not forthcoming, there will be damage to the U.S. economy and financial markets.

GBP/USD

The pound ended last week lower against the greenback, exiting its recent upward trend channel and entering oversold territory. Meanwhile, the 1.25-mark remains a crucial price level. If sterling is able to climb back above 1.25, the focus shifts back to a resistance around 1.2550-1.26. If 1.25 cannot be recaptured further losses are likely with a potential test of a lower support at 1.2350.

EUR/USD

Taking a look at the weekly chart, a correction from high price levels seemed inevitable and reasonable. Even though the pair entered in shorter time frames oversold territory we prepare for further losses towards 1.0750. However, a crucial support zone ranges from 1.0650 to 1.05 which is likely to dampen selling pressure.

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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!

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GBP/USD: 1.25-Area May Prove To Be Crucial Price Level

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And finally, the GBP/USD corrected south in the aftermath of the Bank of England’s rate hike. Still, the cable remains our problem child this month and we hope for some profitable movements to come in the days ahead. Bulls might jump in again at around 1.2490 since this is the price area of the lower trendline of the cable’s recent uptrend channel. Thus, the 1.2490-80 zone could lead either to a breakout or a pullback.

We wish you a happy weekend.

Daily Forex and DAX Signals:

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Our trading ideas for today 12/5/23:

EUR/USD

Long @ 1.0965

Short @ 1.0910

GBP/USD

Long @ 1.2540

Short @ 1.2485

DAX® (GER40)

Long @ 15890

Short @ 15830

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.

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Will GBP Correct On BoE?

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The U.S. CPI report surprised lower, at least the headline inflation gauge which came in at 4.9 percent in April, slightly lower than the 5.0 percent forecast. The core gauge printed 5.5 percent which was in line with expectations. As anticipated, the U.S. dollar further weakened in the aftermath of the slightly better inflation print.

The British pound rose to a high of 1.2680 but was unable to overcome this resistance.

The euro, however, refrained from a sustained break above 1.10 and oscillated sideways around the 1.0970-handle.

Today the Bank of England is expected to raise interest rates to 4.5 from 4.25 percent. The BoE decision is scheduled for 11:00 UTC. What matters is the forward guidance. The market expects more rate hikes later this year with a potential pivot from hawkish to dovish in early 2024. Any signs of earlier rate cuts could lead to a deeper correction in the GBP/USD.

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 11/5/23:

EUR/USD

Long @ 1.1010

Short @ 1.0965

GBP/USD

Long @ 1.2630

Short @ 1.2580

DAX® (GER40)

Long @ 15940

Short @ 15890

 

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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After Lackluster Movement Focus On CPI

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What a lackluster price development!

The GBP/USD’s minor correction ended at a daily low at 1.2577, failing to provide a sustained profit to short trades. The focus however still remains on an upside break above 1.2680 with a following higher target seen at 1.2720.

The EUR/USD found a short-term support at 1.0940 but for the euro’s sideways sentiment to change we would need to see a clear break either above 1.11 or below 1.09.

Elsewhere, there was nothing new in the DAX. The 16000-barrier seems to be a hard nut to crack for bulls – for now.

We will have the U.S. CPI release today at 12:30 UTC. Forecasts see a slight decline in the core gauge to 5.5 percent form 5.6 percent. Thus, chances are slightly in favor of further upward momentum in both currency pairs. In case of a disappointing reading, however, the dollar will surge.

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 10/5/23:

EUR/USD

Long @ 1.0975

Short @ 1.0940

GBP/USD

Long @ 1.2630

Short @ 1.2585

DAX® (GER40)

Long @ 15990

Short @ 15930

 

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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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 9/5/23:

EUR/USD

Long @ 1.1020

Short @ 1.0975

GBP/USD

Long @ 1.2635

Short @ 1.2590

DAX® (GER40)

Long @ 16010

Short @ 15930

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

Follow us on social media:

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Focus This Week On U.S. CPI And BoE

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Last week was characterized by an U.S. dollar decline on optimism that the Federal Reserve is near the end of its tightening cycle. On Wednesday, U.S. CPI data for April will show whether inflation has eased according the forecast to 5.5 percent in April from 5.6 percent in March, backing the hawkish market assumption.

Friday’s strong U.S. jobs report triggered a scaling back in Fed rate cut speculation for July, down to 36 percent from a 60 percent chance for a rate cut before the data. If CPI comes in higher, the dollar might regain some strength as the market has to reassess its rate cut speculation.

On Thursday, the Bank of England is expected to raise interest rates by another 25bp. With U.K. inflation still high at 10.1 percent, the BoE is likely to remain hawkish.

GBP/USD

The cable has hit the next higher target at 1.2650 while remaining within its recent uptrend channel. If the pair now breaks above 1.2675, we could see an extension towards 1.2720 but caution is advised. The pair entered overbought territory and is due for a correction. A support is seen at around 1.25.

Waiting for breakouts in the EUR/USD and DAX…

EUR/USD: A sustained break above 1.11 or below 1.09 is needed to revive momentum after days of consolidated movement.

In the DAX we still wait for a sustained break above 16000 which could lead to a run for 16300. On the downside, a recent support area remains intact between 15700 and 15600.

 

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.

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www.maimar.co

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Fokus diese Woche auf U.S. Inflation und BoE-Zinsentscheid

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Die vergangene Woche war durch einen Rückgang des US-Dollars gekennzeichnet, der auf den Optimismus zurückzuführen ist, dass die Federal Reserve das Ende ihres Straffungszyklus erreicht hat. Am Mittwoch werden die Daten zum US-Verbraucherpreisindex für April zeigen, ob die Inflation gemäß der Prognose von 5,6 Prozent im März auf 5,5 Prozent im April zurückgegangen ist, was die optimistische Marktannahme bestätigen würde.

Der starke US-Arbeitsmarktbericht vom Freitag hat dazu geführt, dass die Spekulationen über eine Zinssenkung durch die Fed im Juli auf 36 Prozent gesunken sind, nachdem vor den Daten noch eine 60-prozentige Wahrscheinlichkeit für eine Zinssenkung bestanden hatte. Sollte der Verbraucherpreisindex am Mittwoch höher ausfallen, könnte der Dollar wieder etwas an Stärke gewinnen, da der Markt seine Zinssenkungsspekulationen neu bewerten muss.

Es wird erwartet, dass die Bank von England am Donnerstag die Zinssätze um weitere 25 Basispunkte anhebt. Da die Inflation in Großbritannien mit 10,1 Prozent immer noch hoch ist, wird die BoE wahrscheinlich weiterhin eine restriktive Haltung einnehmen.

GBP/USD

Der Cable hat das nächsthöhere Ziel bei 1,2650 erreicht und bleibt dabei innerhalb seines jüngsten Aufwärtstrendkanals. Sollte das Paar jetzt über 1,2675 ausbrechen, könnte es zu einer Ausweitung in Richtung 1,2720 kommen, doch ist Vorsicht geboten. Die Paarung ist in den überkauften Bereich eingetreten und eine Korrektur könnte bevorstehen. Eine Unterstützung wird indes bei etwa 1,25 gesehen.

Warten auf Ausbrüche im EUR/USD und DAX…

EUR/USD: Ein nachhaltiger Ausbruch über 1,11 oder unter 1,09 ist notwendig, um nach Tagen der Konsolidierung wieder Schwung zu erzeugen.

Im DAX warten wir immer noch auf einen nachhaltigen Ausbruch über 16000, der zu einem Lauf bis 16300 führen könnte. Auf der Abwärtsseite bleibt ein aktueller Unterstützungsbereich zwischen 15700 und 15600 intakt.

 

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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