Why The BoE Might Not Be In A Hurry To Lower Interest Rates

The UK CPI printed in line with expectations and dropped to the Bank of England’s target of 2 percent for the first time in nearly 3 years. However, while most of the contributors to the CPI headline figure (YoY%) seem under control, services inflation in the UK remains uncomfortably high. Therefore, today’s Bank of England monetary policy decision is likely to point to this still-elevated services inflation print and thus, the lack of urgency to alter interest rates. Consequently, traders bought GBP/USD in the minutes after yesterday’s CPI release.

A greater chance of a BoE rate cut is seen in September.

The BoE rate decision is scheduled for 11:00 GMT today.

GBP/USD: The pair managed to hold slightly above 1.27 following Wednesday’s UK inflation print. However, a leg lower is still highly possible and we will therefore pay attention to a price break below 1.2620 and further a sustained break below 1.26 in order to sell sterling towards 1.2550. On the other side, any bullish attempts above 1.2765 could be limited until 1.28 – the current resistance.

 

Daily Forex and DAX Signals:

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Our trading ideas for today 20/6/24:

 

GBP/USD

Long @ 1.2725

Short @ 1.2690

 

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

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 18/6/24:

EUR/USD

Long @ 1.0760

Short @ 1.0715

GBP/USD

Long @ 1.2735

Short @ 1.2690

DAX® (GER40)

Long @ 18220

Short @ 18160

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

Wird die U.S. Dollarstärke anhalten?

Willkommen zu einer neuen Handelswoche.

Der US-Dollar hat sich stark erholt, nachdem die Federal Reserve im Vergleich zu anderen Zentralbanken, die ihre Politik bereits gelockert haben, einen strafferen geldpolitischen Kurs eingeschlagen hat. Die Marktteilnehmer erwarten jetzt nur noch eine Zinssenkung der Fed in diesem Jahr, während sie zuvor zwei oder drei erwartet hatten. Die aggressiven Aussagen der Fed in der vergangenen Woche zogen Käufer für den Greenback an und zogen den Euro und das britische Pfund nach unten.

Die Bank von England wird wahrscheinlich den Weg für eine Zinssenkung in diesem Sommer ebnen, da die Inflation und der Arbeitsmarkt Anzeichen für eine anhaltende Entspannung zeigen. Es ist jedoch unwahrscheinlich, dass die BoE den Markt bei ihrer Sitzung am Donnerstag mit einer Zinssenkung überraschen wird, aber ihre Aussagen werden mit Spannung erwartet. Wenn die britischen Inflationsdaten, die einen Tag vor der BoE-Entscheidung veröffentlicht werden, im Einklang mit der Entwicklung stehen oder besser ausfallen, kann die Zentralbank möglicherweise eine vorsichtigere Prognose abgeben. Und eine dovische BoE könnte die derzeitige Abwärtsbewegung des Cable fortsetzen.

GBP/USD

Auf dem Wochenchart sehen wir, dass das Paar unter die 1,27-Marke (blaue EMA200) zurückgefallen ist. Ein Verbleib unter 1,27 könnte zu einer weiteren Abwärtsbewegung in Richtung 1,2550 (orange EMA100) führen. Wir empfehlen Händlern, auf einen Durchbruch unter 1,2640 zu warten, um das Pfund in Richtung 1,2620 und 1,26 zu verkaufen. Unterhalb von 1,2590 werden wir auf 1,2550 und 1,2520 setzen.

DAX

Nach dem Rechtsdruck bei den Europawahlen steigen die Anleger weiter aus dem Markt aus und der Index korrigierte deutlich. Nur die entscheidende 18000er-Schwelle konnte den Rückgang stoppen – vorerst. Händler werden nun auf einen Durchbruch unter 17940 mit einem tieferen Ziel bei etwa 17700 achten. Die Bullen könnten sich hingegen erst wieder oberhalb von 18250 engagieren.

 

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.

www.maimar.co

 

Will U.S. Dollar Strength Persist?

Welcome to a new trading week.

The U.S. dollar has strongly recovered after the Federal Reserve showed a tighter monetary policy stance than other central banks, which have already eased policy. Market participants now expect only one Fed rate cut this year versus two or three earlier. The hawkish Fed statement from last week attracted buyers in the greenback and thus, dragged the euro and British pound lower.

The Bank of England is likely to pave the way towards a rate cut this summer as inflation and the labour market show signs of continued easing. However, the BoE is unlikely to surprise the market with a rate cut when they meet this Thursday but their messaging will be eagerly anticipated. If UK inflation data, released one day before the BoE decision, is in line or better, the central bank may be able to give a more dovish forecast. And a more dovish BoE could extend the current downward move in the cable.

GBP/USD

Looking at the weekly chart we see that the pair fell back below the 1.27-benchmark (blue EMA200). Remaining below 1.27 could see a next leg lower towards 1.2550 (orange EMA100). We recommend traders to wait for a break below 1.2640 in order to sell the pound towards 1.2620 and 1.26. Below 1.2590 we will go for 1.2550 and 1.2520.

DAX

Investors continue to exit the market in the wake of a shift to the far right in the European elections and the index corrected sharply. Only the crucial 18000-threshold could stop the fall – for now. Traders will now pay attention to a break below 17940 with a lower target at around 17700. Bulls may engage, however, only above 18250.

 

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

Super Wednesday

As expected, the EUR/USD sold off and fell to our next lower target at 1.0725. The downtrend in the euro picked up steam following French President Macron’s defeat and the surprise announcement of snap elections in France.

Today we have the so called “Super Wednesday” when traders prepare for increased volatility with both the release of U.S. inflation data and the Fed meeting in the offing.

The Federal Reserve is expected to maintain a hawkish stance following the strong U.S. labor market data from last Friday. While interest rates are expected to stay unchanged, the focus will be on the Fed’s monetary policy statement and Fed Chair Jerome Powell’s comments for clues about future monetary policy guidance.

EUR/USD: Traders now wait for a clear break below 1.07 in order to engage in a new round of selling. We recommend to wait at least for a break below 1.0690 in order to sell the pair towards 1.0670 in a first, and towards 1.0640 in a second step. The next crucial support is however seen at 1.06.

DAX: The index has recently corrected and fell slightly below 18300. We see an even more important support at the EMA100 at around 18200 from where buyers could jump back in. For buyers, we recommend to take profit at around 18500 – for now.

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 12/6/24:

EUR/USD

Long @ 1.0785

Short @ 1.0730

GBP/USD

Long @ 1.2765

Short @ 1.2725

 

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

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 11/6/24:

EUR/USD

Long @ 1.0820

Short @ 1.0735

GBP/USD

Long @ 1.2760

Short @ 1.2710

DAX® (GER40)

Long @ 18560

Short @ 18480

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

EUR/USD Falls Below 1.08

The U.S. dollar gained across the board after Nonfarm payrolls data on Friday surpassed even the most optimistic of estimates showing a strong U.S. labor market. The fact that the unemployment rate rose to 4 percent appeared to fade into the background as it was not notable enough to detract from the rosy jobs and wage data. Markets therefore scaled back bets on a Federal Reserve September rate cut.

This week, the focus turns to the Federal Reserve meeting on Wednesday, where the central bank is likely to keep interest rates unchanged. However, market participants will closely watch any hints on when the Fed plans to begin cutting rates. In addition, U.S. inflation data is also due on Wednesday. Inflation remains sticky and this fact has been the Fed’s biggest consideration in altering interest rates.

As for the euro, increased political uncertainty in Europe, after voting across the European Union showed a clear shift towards right-wing and far-right parties, could also potentially dent sentiment. The EUR/USD opened today below 1.08. Dipping below 1.0760 could lead to a steeper fall and a next lower target at 1.0725.

 

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

All Eyes On The ECB Rate Cut

The Bank of Canada cut interest rates from 5% to 4.75% with the result of an appreciation of the U.S. dollar against the Canadian dollar and thus, a rise of the USD/CAD pair.

Today, all eyes will turn to the European Central Bank decision at 12:15 GMT. The ECB press conference is 30 minutes later.

ECB President Christine Lagarde is expected to announce a 25bp interest rate cut after rates have been held at a peak of 4 percent for nine months. The euro would naturally weaken in this case but since the move is largely priced in, for the euro to weaken further, it would need a ‘dovish cut’ with a hint at a second cut at the July meeting. In case of a ‘hawkish cut’, meaning that the ECB provides no further clues on future rate cuts and timing, the euro could be due for further upside. In any case, there is potential for heightened volatility today, which is why traders brace for some profitable swings.

EUR/USD

Looking at the weekly chart, we see that the pair is still captured within an overall lasting sideways trend with no markable breakouts. Breaking above 1.09 could lead to a test of the 1.0950-resistance area. The 200-EMA oscillates currently at 1.0973 (blue line), providing another crucial resistance. On the downside, the 1.08-support remains crucial and we recommend traders to wait for a break below 1.0760 in order to sell with the bears.

 

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 6/6/24:

EUR/USD

Long @ 1.0915

Short @ 1.0830

 

Settings today: Entries from 8:00 am UTC, SL 25, TP 40-50

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

 

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 4/6/24:

EUR/USD

Long @ 1.0920

Short @ 1.0840

GBP/USD

Long @ 1.2825

Short @ 1.2790

DAX® (GER40)

Long @ 18610

Short @ 18530

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

Schnallen Sie sich an für eine ereignisreiche Woche

Willkommen zur ersten Handelswoche im Juni, die angesichts mehrerer Risikoevents wie den Zinssenkungen der Zentralbanken am Mittwoch und Donnerstag und dem US-Arbeitsmarktbericht am Freitag eine erhöhte Volatilität verspricht.

Die Bank von Canada könnte bei ihrer Sitzung am Mittwoch die Führung in Bezug auf Zinssenkungen übernehmen.

Nach der BoC wird allgemein erwartet, dass die Europäische Zentralbank in diesem Monat die Zinssätze senkt, aber viele haben zur Zurückhaltung gemahnt, um den Dingen danach nicht vorzugreifen. Die Zinssenkung im Juni könnte sich als “hawkischer cut” erweisen oder als eine Senkung, die von dem Wunsch begleitet wird, bei künftigen Zinssenkungen langsam und stetig vorzugehen. Die Märkte rechnen immer noch mit zwei Zinssenkungen um jeweils 25 Basispunkte und einer guten Chance auf eine dritte gegen Ende des Jahres.

Die US-Notenbank hingegen hat in den letzten Monaten die Zinssenkungen zurückgeschoben, da die Inflation nach wie vor unangenehm hoch ist. Das Hauptaugenmerk wird daher auf den jüngsten US-Arbeitsmarktdaten liegen, während eine Abschwächung auf dem Arbeitsmarkt zu einer erneuten Bewertung der Zinssenkungen der Fed führen könnte.

EUR/USD: Das Paar konnte sich über 1,08 halten. Wir werden auf Kursausbrüche entweder über 1,09 oder unter 1,0760 achten.

GBP/USD: Das Währungspaar erreichte in der vergangenen Woche einen jüngsten Höchststand von 1,28, von dem aus es eine leichte Korrektur gab. Solange das Pfund über 1,26 gehandelt wird, liegt der Fokus auf einem Ausbruch über 1,28 mit einem höheren Ziel bei 1,29.

DAX: Der Index korrigierte, nachdem er bei 18932 ein Rekordhoch erreicht hatte. Der Aufwärtstrend bleibt intakt, aber wenn der DAX unter 18400 fällt, sehen wir ein nächstes niedrigeres Ziel bei 18200.

 

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.

www.maimar.co