PCE Index In Focus And Trading Signals For Today

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U.S. dollar weakness continued and drove the euro and British pound to next higher targets. Elsewhere, the DAX broke above the 16050-threshold, heading towards 16300.

Today, the PCE data could bolster further bearish USD bets. Generally, the market is currently seeing a disinflationary trend that is bolstering dovish rate hike bets with the Federal Reserve expected to announce the first rate cut in 3-5 months, having just concluded their tightening cycle. This is the main reason why we see the dollar depreciating. U.S. PCE data today can further influence the greenback’s weakness as well as rate cut comments.

Inflation in Germany dropped to 3.2 percent which was a 0.4 percent sharper decline than forecast. Today, EU inflation data is due with estimates indicating another drop in the headline and core measures. A higher reading could pose a threat to the euro.

EU inflation data is due for release at 10:00 am GMT, followed by the PCE price index at 13:30 GMT.

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 30/11/23:

EUR/USD

Long @ 1.0990

Short @ 1.0940

GBP/USD

Long @ 1.2710

Short @ 1.2680

DAX® (GER40)

Long @ 16240

Short @ 16140

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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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 28/11/23:

EUR/USD

Long @ 1.0975

Short @ 1.0920

GBP/USD

Long @ 1.2660

Short @ 1.2585

DAX® (GER40)

Long @ 16010

Short @ 15920

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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Inflationsdaten im Fokus: Werden Euro, Pfund und DAX ihre Gewinne ausbauen?

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Herzlich willkommen zu einer neuen Handelswoche nach dem, in den USA feiertagsbedingten Wochenende.

Alle Handelsinstrumente haben die angepeilten Widerstandszonen erreicht, aber das wirft Fragezeichen auf, ob die Erholungen bei Euro, Pfund und DAX über kritische Widerstände hinausgehen können.

Am Donnerstag werden die Inflationsdaten für die Eurozone veröffentlicht, die im November leicht von 2,9 Prozent auf 2,8 Prozent sinken dürften. Eine nachlassende Inflation könnte den Euro unter Druck setzen.

Die PCE-Kerninflationsrate, die ebenfalls am Donnerstag veröffentlicht werden soll, dürfte sich ebenfalls verlangsamt haben, wobei Schätzungen auf einen Rückgang von 3,7 Prozent auf 3,5 Prozent im Oktober hindeuten.

Die EUR/USD-Paarung verzeichnete eine positive Woche und baute auf ihrer jüngsten Erholung auf. Solange das Paar über dem 200-EMA bei etwa 1,0750 bleibt, können die Bullen auf einen Test von 1,10 und 1,1090 hoffen.

Die GBP/USD-Paarung testete den Bereich um 1,26, in dem sie zu Beginn dieser Woche oszillierte. Wir sehen nun eine kurzfristige Unterstützung bei 1,2530, gefolgt von der unteren 200-EMA-Unterstützung bei derzeit 1,2415. Ein Ausbruch über 1,2660 könnte die Tür für einen Anstieg in Richtung 1,27 und 1,2750 öffnen.

Der DAX stieg auf einen Höchststand von 16047 Punkten, während sich Händler fragen, ob noch mehr Aufwärtsdynamik vorhanden sein könnte. Wir stellen uns auf einige Korrekturen von den hohen Kursen ein und rechnen mit einer nächsten Unterstützung bei 15850. Oberhalb von 16070 werden wir unseren Fokus auf den nächsten Widerstand bei 16240 richten.

 

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.

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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Inflation Data In Focus, Will Euro, Pound And DAX Extend Gains?

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Welcome to a new trading week everyone after the holiday-stretched weekend.

All trading instruments have reached the targeted resistance zones but this raises question marks whether recoveries in the euro, pound and DAX can stretch beyond critical resistances.

On Thursday we will have the Eurozone’s flash inflation reading which is forecast to inch slightly lower in November from 2.9 percent to 2.8 percent. Easing inflation could pressure the euro.

The core PCE inflation gauge, also scheduled for release on Thursday, is forecast to have slowed too, with estimates pointing to a drop from 3.7 percent to 3.5 percent in October.

The EUR/USD has enjoyed a positive week, building on its recent rally. As long as the pair remains above the 200-EMA at around 1.0750, bulls can hope for a test of 1.10 and 1.1090.

The GBP/USD tested the 1.26-area where it oscillates at the start of this week. We now see a short-term support at 1.2530, followed by the lower 200-EMA support at currently 1.2415. A break above 1.2660 could open the door for run towards 1.27 and 1.2750.

The DAX surged to a high of 16047 while traders question whether there could be even more upside momentum in store. We prepare for some pullbacks from lofty highs and pencil in a next support at 15850. Above 16070, we will shift our focus to a next resistance at 16240.

 

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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Trading Signals On Thanksgiving

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Happy Thanksgiving everyone!

On Wednesday we were able to pocket some small gains in the GBP/USD and DAX. No entry was however triggered in the EUR/USD.

As recommended earlier this week, we did not invest too much ahead of the prolonged Thanksgiving weekend amid low volumes.

For those who trade, even by a low risk, here are our daily trading ideas:

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 23/11/23:

EUR/USD

Long @ 1.0920

Short @ 1.0875

GBP/USD

Long @ 1.2520

Short @ 1.2485

DAX® (GER40)

Long @ 15980

Short @ 15940

 

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.

 

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 22/11/23:

EUR/USD

Long @ 1.0935

Short @ 1.0870

GBP/USD

Long @ 1.2575

Short @ 1.2510

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.

Konsolidierung inmitten niedriger Volatilität?

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Nach den unerwartet niedrigen US-Inflationsdaten der vergangenen Woche gab der US-Dollar angesichts fallender US-Staatsanleiherenditen auf breiter Front nach. Die niedrigeren Inflationsdaten ließen die Wahrscheinlichkeit einer weiteren geldpolitischen Straffung durch die Federal Reserve schwinden und gaben den Händlern grünes Licht, weitere Zinssenkungen für das nächste Jahr einzupreisen.

Der schwächere Dollar wiederum gab anderen Währungen wie dem Euro Auftrieb, der über die Marke von 1,09 kletterte und nun auf dem Weg zu einem Test von 1,10 zu sein scheint.

Das britische Pfund blieb in seinem Aufwärtstrend gegenüber dem Greenback zurück und befindet sich immer noch zwischen 1,25 und 1,24. Ein Durchbruch über 1,2550 könnte die Tür für einen Lauf in Richtung 1,2620 und möglicherweise sogar 1,2680 öffnen.

In dieser Woche stehen keine wichtigen Ereignisse auf dem Programm und die Handelswoche in den USA ist wegen des Thanksgiving-Feiertags am Donnerstag und Freitag kürzer. Das Ausbleiben von wichtigen Ereignissen könnte zu einer Konsolidierung der jüngsten Marktbewegungen führen, mit dem Potenzial für weitere Aufwärtsbewegungen beim Euro, DAX und Pfund.

Wir empfehlen Händlern, in den nächsten Tagen nicht zu viel zu erwarten, kleinere Gewinne mitzunehmen oder sogar mal eine Handelspause einzulegen.

 

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

Consolidation Amid Low Volatility?

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The U.S. dollar sold-off across the board amid falling U.S. Treasury yields following the lower-than-expected U.S. inflation data report last week. The lower inflation print eliminated the likelihood of further monetary policy tightening by the Federal Reserve, giving traders green light to begin pricing in more rate cuts next year.

The weakening dollar in turn, boosted other currencies such as the euro which climbed above 1.09 and seems to be on its way towards a test of 1.10 now.

The British pound lagged behind in its upward trend against the greenback and finds itself still between 1.25 and 1.24. A break above 1.2550 could open the door for a run towards 1.2620 and possibly even 1.2680.

This week there are no high-impact events scheduled for release with a shorter trading week in the U.S. because of the Thanksgiving holiday on Thursday and Friday. The absence of high-profile events could translate into consolidation of the recent market moves with the potential for further upside for the euro, DAX and pound.

We recommend traders not to expect too much in the next days, take smaller profits or even do a trading break.

 

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

Bullish Breakouts

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We didn’t trade the EUR/USD and GBP/USD yesterday after we were able to pocket a good gain on Tuesday amid strong bullish breakouts. U.S. inflation came in below expectations, a fact that has crushed a hawkish repricing that would have benefit the greenback. The euro surged to a high of 1.0887 from where it consolidated yesterday. Higher targets are now seen at 1.0940 and 1.10 while we expect a fresh support to come in at around 1.0730.

The GBP/USD is currently hovering around 1.24 after it was unable to break significantly above 1.25. For the bullish bias to continue, the cable will need to stabilize above 1.24 while traders will focus on a break above 1.2510 in order to go for 1.26.

The DAX broke above 15600 and headed towards 15800. The next crucial target for traders will be the crucial 16000-barrier. Our former breakout-area at 15600 could now turn into a support zone.

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.

Daily Trading Signals On CPI Day

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Traders await the U.S. CPI report which is scheduled for release at 13:30 GMT.

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 14/11/23:

EUR/USD

Long @ 1.0710

Short @ 1.0685

GBP/USD

Long @ 1.2310

Short @ 1.2235

DAX® (GER40)

Long @ 15390

Short @ 15310

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:

Facebook

Twitter

Instagram