Fasten Your Seatbelt For A Busy Week

This week will be one of the busiest with the highlight being tomorrow’s Federal Reserve monetary policy decision. The Bank of England is due to announce its policy decision on Thursday but it’s expected that the BoE will not be able to cut rates before August, whereas the Fed and the European Central Bank will likely cut in June.

We wish everyone good trades for this week.

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 19/3/24:

EUR/USD

Long @ 1.0910

Short @ 1.0835

GBP/USD

Long @ 1.2765

Short @ 1.2690

DAX® (GER40)

Long @ 17960

Short @ 17870

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.

Small Price Movements

As expected, not much has happened yesterday amid low volatility and small price movements.

Let’s see whether today provides more trading chances.

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 14/3/24:

EUR/USD

Long @ 1.0980

Short @ 1.0915

GBP/USD

Long @ 1.2825

Short @ 1.2765

DAX® (GER40)

Long @ 17990

Short @ 17920

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 2024 MaiMarFX.

www.maimar.co

Trading Signals On CPI-Day

All eyes on U.S. CPI data today at 12:30 UTC.

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 12/3/24:

EUR/USD

Long @ 1.0970

Short @ 1.0925

GBP/USD

Long @ 1.2835

Short @ 1.2780

DAX® (GER40)

Long @ 17880

Short @ 17760

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 2024 MaiMarFX.

www.maimar.co

Dollar-Bullen hoffen am Dienstag auf ein Comeback

Der US-Dollar befindet sich seit Mitte Februar auf dem absteigenden Ast, doch die Dollar-Bullen hoffen auf eine positive Überraschung bei den am Dienstag anstehenden VPI-Daten. Die US-Inflationsdaten sind der einzige interessante Bericht in dieser Woche, da es vor den wichtigen Zentralbankentscheidungen der Federal Reserve und der Bank von England in der kommenden Woche äußerst ruhig zugehen wird.

Volatiler ging es dafür am Freitag zu. Der jüngste US-Arbeitsmarktbericht zeigte, dass die Arbeitslosenquote von 3,7 auf 3,9 Prozent gestiegen und der durchschnittliche Stundenlohn gesunken ist, während die NFP-Zahlen die Markterwartungen übertrafen.

In der Zwischenzeit profitierte das britische Pfund von dem Rückgang des Dollars, so dass GBP/USD schließlich die Marke von 1,28 überschritt und sich in Richtung 1,29 bewegte. Die nächste entscheidende Hürde wird nun bei 1,30 gesehen.

Auch wenn die Dollar-Bären die Kontrolle übernommen haben, könnte sich das Blatt am Dienstag wenden. Sollten die US-Inflationsdaten für Februar über den Schätzungen liegen, könnten die Dollar-Bullen ein Comeback erleben.

 

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 © 2024 MaiMarFX.

U.S. Dollar Bulls Hope For A Comeback Tuesday

The U.S. dollar has been on the backfoot since mid-February but dollar bulls hope for a lift by an upside surprise in the U.S. CPI prints, due on Tuesday. The U.S. inflation print is the only interesting report this week as it will be an extremely quiet week ahead of next week’s crucial central bank decisions from the Federal Reserve and the Bank of England.

Things were more volatile on Friday. The latest U.S. Jobs report showed the unemployment rate rose from 3.7 to 3.9 percent and average hourly earnings fell while the headline NFP number beat market expectations.

Meanwhile, the British pound has been benefiting from the greenback’s pullback and thus, the GBP/USD finally broke above 1.28 heading towards 1.29. A next crucial hurdle is now seen at 1.30.

Even though dollar bears have gained control, the tables could turn on Tuesday. If February’s U.S. inflation print comes in above estimates, dollar bulls may experience a comeback.

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 2024 MaiMarFX.

www.maimar.co

ECB Decision: Euro’s Outlook Remains Neutral

Federal Reserve Chair Jerome Powell’s testimony has caused some volatility through the market and the U.S. dollar weakened on the back of falling U.S. Treasury rates. The reason for the downward tilt in the greenback was merely that there was nothing new to report, even though Powell’s remarks leaned towards the hawkish side.

Tomorrow’s NFP report could however surprise and if U.S. labor market data come in stronger-than-expected, it could trigger a shift in market pricing and thus, an upward move in the U.S. dollar.

Today, the European Central Bank is expected to leave interest rates unchanged for the fourth consecutive meeting. Investors will however closely monitor ECB President Christine Lagarde’s press conferences following the decision. Lagarde is expected to embrace a neutral stance, even though disappointing growth data in the EU may argue for a more dovish stance. Any signals about potential earlier rate cuts would weigh on the euro, whereas a delay of any potential easing measures could spark a hawkish repricing and thus, strengthen the euro.

The ECB’s decision is due at 13:15 UTC, followed by the press conference 30 minutes later.

EUR/USD – Still Sideways

Despite its recent upward tick, the currency pair still finds itself below 1.10 (blue EMA) and therefore still sideways. In order to speak of an upside breakout of the recent sideways range we would need to see a rise above 1.1050. As long as the pair remains between 1.07 and 1.10, the outlook is neutral.

GBP/USD – Struggling With Resistances

The cable is struggling to overcome a resistance at around 1.2750. We recommend traders to wait for a sustained upside break above 1.28 (red ellipse) to engage in an upside swing. On the downside, the 1.2550-area (orange EMA) could act as a support.

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 2024 MaiMarFX.

www.maimar.co

Lack Of Direction

The U.S. dollar lacked direction ahead of Fed Chair Powell’s testimony before Congress starting today. If Powell surprises on the hawkish side with later-than-expected rate cuts this year, the greenback would benefit.

On the back of the recent sideways movement, none of our yesterday’s trading signal entries was triggered.

However, the main event for traders this week will be Friday’s NFP report.

Let’s wait and see.

 

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 6/3/24:

EUR/USD

Long @ 1.0865

Short @ 1.0830

GBP/USD

Long @ 1.2715

Short @ 1.2660

DAX® (GER40)

Long @ 17740

Short @ 17660

 

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 2024 MaiMarFX.

 

Daily Trading Signals

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 5/3/24:

EUR/USD

Long @ 1.0875

Short @ 1.0830

GBP/USD

Long @ 1.2720

Short @ 1.2660

DAX® (GER40)

Long @ 17720

Short @ 17630

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 2024 MaiMarFX.

www.maimar.co

U.S. Job Bericht steht im Mittelpunkt

Willkommen zu einer neuen Handelswoche, die eine erhöhte Volatilität an den Märkten verspricht, angetrieben von Risiko-Events wie der Entscheidung der Europäischen Zentralbank, der Aussage des Fed-Vorsitzenden Powell vor dem Kongress und den alles entscheidenden US-Arbeitsmarktbericht.

Fed-Chef Powell wird sowohl am Mittwoch als auch am Donnerstag vor dem Kongress zu seiner halbjährlichen Anhörung erscheinen. Die Händler werden auf weitere Einblicke in die aktuellen Überlegungen der Währungshüter, die Wirtschaftsaussichten und damit den Zeitpunkt von Zinssenkungen warten.

Ebenfalls am Donnerstag wird die EZB die Bühne betreten, aber es werden keine Änderungen erwartet. Die jüngsten schwachen europäischen Daten könnten die EZB-Politiker dazu veranlassen, einen dovischeren Ton anzuschlagen, was den Druck auf den Euro erhöhen würde. Je länger die EZB mit einer Zinssenkung wartet, desto schmerzhafter könnte der Abschwung ausfallen, weshalb ein geduldiges Vorgehen die Zentralbank später zu noch stärkeren Zinssenkungen zwingen könnte.

Das wichtigste Ereignis in dieser Woche wird jedoch der US-Arbeitsmarktbericht am Freitag sein. Die Marktteilnehmer erwarten eine weitere Runde solider Beschäftigungszahlen. Ein unerwartet guter Arbeitsmarktbericht könnte den Zinssenkungszyklus der Fed verzögern. Dies würde sich positiv auf den US-Dollar auswirken.

 

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.

 

U.S. Job Report To Take Center Stage

Welcome to a new trading week which promises heightened market volatility, driven by high-impact risk events such as the European Central Bank decision, Federal Reserve Chair Powell’s testimony before Congress and the all-important U.S. payrolls.

Fed’s Powell will appear before Congress both on Wednesday and Thursday for his semiannual testimony. Traders will look for further insights into policymakers’ current thinking, the economic outlook and thus, the timing of rate cuts.

Also on Thursday the ECB will take the stage but no changes are expected. Recent weak European data could lead ECB policymakers to adopt a more dovish tone which would increase pressure on the euro. The longer the ECB waits to cut rates, the more painful the downturn might be, which is why a patient approach could force the central bank to cut rates even deeper later on.

The main event this week, however, will be the U.S. jobs report on Friday. Market participants expect another round of solid jobs numbers. A stronger-than-expected jobs report could delay the Fed’s rate-cutting cycle. This would be positive for the U.S. dollar.

 

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 2024 MaiMarFX.

www.maimar.co