Summer Trading Break
We will be on vacation until the end of August and therefore do not offer signal service during this time.
We wish all a nice summer time!
The MaiMarFX Team
Greenback Strengthens
/in General News & Updates /by MaimarFXWe were able to pocket some profit on our last trading days before the summer trading break.
Volatility picked up and the U.S. dollar strengthened. What happened at the ECB yesterday?
The central bank raised rates as expected. At the following press conference, ECB President Lagarde remained non-committal when asked about the possibility of a hike in September. This was seen as a dovish sign given Lagarde had been rather hawkish previously when pressed on future rate hikes. The euro consequently dropped below 1.1020 towards 1.0950 – the current support area. If 1.0930 remains unbreeched we may see some bullish movement.
Later today at 13:30 UTC we will have the PCE index scheduled for release which could have an impact on the U.S. dollar.
We will save our monthly profits today.
Have a good weekend!
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.
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2023 MaiMarFX.
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After Fed Focus Turns To ECB
/in General News & Updates /by MaimarFXThe Federal Reserve hiked interest rates as expected but did not strike a hawkish tone. The U.S. dollar weakened amid the lack of commitment to further tightening.
The euro flirted with the 1.11 handle but trading was limited to a tight price range without major breakouts. The focus now turns to the European Central Bank’s decision today at 13:15 UTC.
The ECB is expected to raise rates by 25bp but traders speculate on a shift in a dovish direction in the face of the deteriorating health of the EU-economy. If traders begin to price out the probability of more tightening in September, the euro could experience a sharp sell-off.
However, from a technical view we see chances for further leg-up towards 1.12. On the downside, if the euro falls back below 1.1020, the next support lies at 1.0970.
Summer doldrums: We advise traders not invest too much or doing a trading break since volatility typically remains at very muted levels during the summer months of July and August. When volatility is low, there is more to lose than to gain.
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.
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2023 MaiMarFX.
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Fed Decision And Trading Signals
/in General News & Updates /by MaimarFXIt’s Federal Reserve decision day. The central bank is expected to raise interest rates by 25bp to a range of 5.25-5.50 percent. This move is fully priced in. The focus will be on the policy guidance for the next months. If Fed Chair Jerome Powell indicates more hawkish moves ahead, the U.S. dollar will rise. If he abandons his hawkish rhetoric instead, the dollar will weaken.
However, today’s decision could be less volatile for traders since no summary of economic projections will be provided this time.
The Fed decision is due at 18:00 UTC today, followed by the Fed’s press conference 30 minutes later.
Summer doldrums: We advise traders not invest too much or doing a trading break since volatility typically remains at very muted levels during the summer months of July and August. When volatility is low, there is more to lose than to gain.
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 26/7/23:
EUR/USD
Long @ 1.1125
Short @ 1.1035
GBP/USD
Long @ 1.2915
Short @ 1.2865
DAX® (GER40)
Long @ 16280
Short @ 16190
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.
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2023 MaiMarFX.
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Händler bereiten sich diese Woche auf erhöhte Volatilität vor
/in General News & Updates /by MaimarFXNach mehreren Tagen mit gedämpften Handelsbedingungen wird die Volatilität in dieser Woche wahrscheinlich zunehmen, da wichtige Zentralbankentscheidungen auf der Tagesordnung stehen.
Es wird allgemein erwartet, dass die Federal Reserve die Zinssätze am Mittwoch um 25 Basispunkte anheben wird. Das Hauptaugenmerk der Händler wird auf dem weiteren Kurs der Fed liegen. Sollte die Zentralbank eine weitere Zinserhöhung signalisieren, wird der US-Dollar Auftrieb erhalten.
Am Donnerstag wird auch von der Europäischen Zentralbank eine Anhebung der Leitzinsen um einen Viertelpunkt erwartet, doch im Gegensatz zum US-Dollar könnte der Euro Gefahr laufen, stark zu fallen. Angesichts der Verschlechterung des Wachstums in der Eurozone könnten die Währungshüter der EZB weniger entschlossen klingen, die Geldpolitik weiter zu straffen.
Zu guter Letzt werden die Händler am Freitag die PCE-Daten für Juni bewerten. Ein höherer Wert würde für eine weitere Straffung der US-Notenbank sprechen und somit dem Dollar zugute kommen.
Sommerflaute: Wir raten Anlegern, nicht zu viel zu investieren oder eine Handelspause einzulegen, da die Volatilität in den Sommermonaten Juli und August in der Regel auf einem sehr niedrigen Niveau bleibt. Bei niedriger Volatilität gibt es mehr zu verlieren als zu gewinnen.
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.
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Traders Brace For Higher Volatility This Week
/in General News & Updates /by MaimarFXAfter several days of muted trading conditions, volatility is likely to increase this week, with major central bank decision on tab.
The Federal Reserve is widely expected to raise interest rates by 25bp on Wednesday. Traders’ focus will be on the forward guidance. If the Fed signals a further hawkish bias, the U.S. dollar will receive a boost.
On Thursday, the European Central Bank is also expected to deliver a quarter-point hike but unlike the U.S. dollar, the euro could be at risk of a sharp drop. Given the deterioration of growth in the eurozone, ECB policy makers may sound less committed about further tightening.
Last but not least, traders will assess the June PCE data on Friday. A higher reading would argue in favor of additional Fed tightening, and thus, benefit the greenback.
Summer doldrums: We advise traders not invest too much or doing a trading break since volatility typically remains at very muted levels during the summer months of July and August. When volatility is low, there is more to lose than to gain.
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.
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2023 MaiMarFX.
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Quiet Summer Trading
/in General News & Updates /by MaimarFXDear traders,
Summer doldrums: We advise traders not invest too much or doing a trading break since volatility typically remains at very muted levels during the summer months of July and August. When volatility is low, there is more to lose than to gain.
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 19/7/23:
EUR/USD
Long @ 1.1270
Short @ 1.1190
GBP/USD
Long @ 1.3040
Short @ 1.2930
DAX® (GER40)
Long @ 16220
Short @ 16090
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.
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2023 MaiMarFX.
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Überkaufter Bereich inmitten geringer Volatilität
/in General News & Updates /by MaimarFXDie vergangene Woche war von deutlichen Aufwärtsbewegungen bei den Gegenwährungen des Greenback geprägt. Der US-Dollar verkaufte sich stark, nachdem der Inflationsbericht für Juni mit sinkenden Zahlen überrascht hatte. Angesichts der Stärke der jüngsten Aufwärtsbewegungen und der Tatsache, dass sowohl EUR/USD als auch GBP/USD wichtige technische Hürden überwunden haben, erwarten wir weiteres Aufwärtspotenzial.
Am Mittwoch wird der britische Inflationsbericht veröffentlicht. Sollte es Anzeichen für eine sinkende Inflation geben, könnte das Pfund aus seinem stark überkauften Bereich heraus korrigieren.
GBP/USD: Ein höherer Widerstand wird zwischen 1,3150 und 1,32 gesehen. Das Paar befindet sich jedoch weiterhin im stark überkauften Bereich, was die Chancen für eine Konsolidierungsphase erhöht. Eine Unterstützung wird nun bei 1,2850 gesehen.
EUR/USD: Bleibt das Paar oberhalb von 1,12, verschiebt sich der Fokus auf höhere Widerstände bei 1,14 und 1,15. Eine aktuelle Unterstützung könnte aktuell bei 1,11 liegen.
Sommerflaute: Wir raten Händlern, nicht zu viel zu investieren oder eine Handelspause einzulegen, da die Volatilität in den Sommermonaten Juli und August typischerweise auf einem sehr niedrigen Niveau bleibt. Bei niedriger Volatilität gibt es mehr zu verlieren als zu gewinnen.
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.
Folgen Sie uns über die sozialen Medien:
Overbought Territory Amid Low Volatility
/in General News & Updates /by MaimarFXLast week was characterized by significant bullish moves across the greenback’s counterparts. The U.S. dollar sold-off sharply after the June inflation report surprised to the downside. Given the strength of the latest upward moves and with both EUR/USD and GBP/USD overcoming key technical hurdles, we expect some further upside potential.
On Wednesday, the UK inflation report will be released and if there are signs that inflation is falling, the pound could correct from its heavily overbought territory.
GBP/USD: A higher resistance is seen between 1.3150 and 1.32. The pair remains, however, in deeply overbought territory, increasing the chances for a consolidation phase. A support is now seen at 1.2850.
EUR/USD: Remaining above 1.12, the focus shifts to higher resistances at 1.14 and 1.15. A current support could lie at 1.11.
Summer doldrums: We advise traders not invest too much or doing a trading break since volatility typically remains at very muted levels during the summer months of July and August. When volatility is low, there is more to lose than to gain.
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.
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2023 MaiMarFX.
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Bullish Bias
/in General News & Updates /by MaimarFXWe saw some bullish breakouts yesterday with the pound sterling rising towards 1.30 and the euro breaking above 1.11. Also, the DAX headed, as expected, towards 16000 and finds itself currently at around 16050.
The reason for the bullish bias was a slower-than-expected U.S. inflation print in June. This reinforced the market’s assumption of a nearing end of the Federal Reserve’s tightening cycle. The greenback thus weakened against other peers.
Traders should brace for upcoming corrections in short-term time frames, even though the latest bullish moves appeared to be strong – paving the way for a continuation of the uptrend.
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 13/7/23:
EUR/USD
Long @ 1.1160
Short @ 1.1125
GBP/USD
Long @ 1.3020
Short @ 1.2980
DAX® (GER40)
Long @ 16060
Short @ 15970
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.
Follow us on social media:
We are Maite & Marios Krausse, both born in Germany and trade full time in the Foreign Exchange Market (Forex) as independent traders.
Our teamwork began in 1998, when we got to know and love each other. 20 years later after having built our careers, our son was born, making us a happy family. Continue reading...
