Profitable Week

Slower-than-expected U.S. inflation gave a boost to risk appetite, pushing both euro and British pound above bullish breakout levels. Both of our yesterday’s long entries in EUR/USD and GBP/USD have hit their profit targets easily. Overall, we were able to secure a very good weekly profit which is why we do not trade today.

Our trading ideas for the DAX today 11/11/22:

DAX® (GER40)

Long @ 14280

Short @ 14230 Hit TP in a few minutes

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 2022 MaiMarFX.

www.maimar.co

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U.S. CPI In Focus

The midterm election results are still unknown. Republicans are headed toward control of the U.S. House, but by smaller margins than forecast while the race for Senate continued. The U.S. dollar ended yesterday’s trading day slightly stronger against its counterparts.

Today all eyes will turn to the October inflation data, due for release at 13:30 UTC. This report will heavily influence the Federal Reserve’s rate hike path as it helps to determine the size of the Fed’s tightening next month and where rates will peak. A lower reading will surely boost risk appetite with a weakening dollar. A higher-than-expected outcome, however, will strengthen the greenback on the back of risk aversion.

GBP/USD: Technically, we see chances in favor of the bears since the cable refrained from a climb above 1.16. Only a significant break above 1.16 could heighten the picture in favor of the bulls.

EUR/USD: The euro reversed shy of 1.01, formatting a double-top pattern that suggest upcoming bearish momentum. If CPI data comes in higher-than-forecast the double-top- pattern will be played out. In the positive case of lower U.S. inflation, the euro could break above 1.01 and head for a test of 1.0180.

We wish you all good trades for today!

Daily Forex and DAX Signals:

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U.S. Midterm Elections: Tight Race

The U.S. dollar weakened against other counterparts while investors await results from the U.S. midterm elections. Early tallies showed the outcome will be closer than expected. For the dollar to find support the Democrats need to keep control of both the House and the Senate.

EUR/USD

The euro traded around the parity level and any price breakouts either above 1.01 or below 0.99 will attract our attention. Above 1.01 a higher target will be at 1.0180. Below 0.9870 a lower target will be at 0.98.

GBP/USD

As long as the cable remains below 1.16, we favor the downtrend with a next lower target seen at 1.1250. Above 1.1650 however, we will pencil in a higher target at 1.1850.

Our trading ideas for today 9/11/22:

EUR/USD

Long @ 1.0090

Short @ 1.0040

GBP/USD

Long @ 1.1565

Short @ 1.1520

DAX® (GER40)

Long @ 13660

Short @ 13560

Settings for all trades today: Entries from 8:00 am UTC,  SL 25

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 2022 MaiMarFX.

www.maimar.co

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U.S. Dollar Halted Loss Ahead Of Midterm Elections

The U.S. dollar halted its recent loss as investors awaited the midterm elections. The potential gridlock in government has been historically good for U.S. stocks.

EUR/USD

The euro traded around the parity level and any price breakouts either above 1.01 or below 0.99 will attract our attention. Above 1.01 a higher target will be at 1.0180. Below 0.9870 a lower target will be at 0.98.

GBP/USD

As long as the cable remains below 1.16, we favor the downtrend with a next lower target seen at 1.1250. Above 1.1650 however, we will pencil in a higher target at 1.1850.

Our trading ideas for today 8/11/22:

EUR/USD

Long @ 1.0040

Short @ 0.9985

GBP/USD

Long @ 1.1510

Short @ 1.1460

DAX® (GER40)

Long @ 13560

Short @ 13510

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 2022 MaiMarFX.

www.maimar.co

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Euro und Pfund mit Rückenwind zum Wochenstart

Der U.S. Arbeitsmarktbericht vom Freitag bot ein gemischtes Bild mit 261.000 neuen Arbeitsplätzen im Oktober und einer höheren Arbeitslosenquote von 3,7 Prozent. Der Stellenzuwachs war der geringste seit Dezember 2020, und angesichts der Tatsache, dass die aggressive Straffung der US-Notenbank die Beschäftigung belastet, ist es nur logisch, dass der Dollar als Reaktion auf den Bericht fiel. Händler gehen davon aus, dass die US-Notenbank im Dezember ihre Straffung auf 50 Basispunkte reduzieren wird.

Am 8. November könnten die Zwischenwahlen in den USA dazu führen, dass eine andere Partei den Kongress kontrolliert. Die Auswirkungen des Ergebnisses auf den Dollar dürften jedoch begrenzt sein.

Das Augenmerk der Märkte richtet sich dann auf den Verbraucherpreisindex für Oktober, der am Donnerstag veröffentlicht wird. Eine schwächere Lesung würde wahrscheinlich zu mehr Risikobereitschaft führen. Dies könnte dem Dollar Auftrieb geben, da Spekulationen bestehen, dass die Fed ihren Zinserhöhungspfad lockern könnte.

Das britische Pfund fiel um 2 Prozent, nachdem die Währungshüter der Bank von England den Leitzins auf 3 Prozent angehoben und davor gewarnt hatten, dass dem Vereinigten Königreich ein langwieriger Abschwung bevorsteht. Lediglich der gemischte Arbeitsmarktbericht vom Freitag trug dazu bei, dass sich das Pfund aufgrund des schwächer werdenden Dollars von seinem Tiefstand erholte. Allerdings könnte das Pfund Sterling für weitere Verluste anfällig sein, da die Banken einen Rückgang unter 1,10 $ bis zum Jahresende vorhersagen.

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.

  • Hier können Sie unseren Signal Service abonnieren

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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Profitable Start

Friday’s U.S. payrolls report offered a mixed picture with 261k new jobs in October and a higher unemployment rate of 3.7 percent. The payrolls advance was the least since December 2020 and given that the Federal Reserves’ aggressive tightening is weighing on employment, it’s only logical that the dollar fell in response to the report. Traders are leaning toward a downshift in the Fed’s pace of tightening to 50bp in December.

On November 8, the U.S. mid-term elections could lead to a change in which party controls Congress. However, the result’s impact to the dollar might be limited.

The market’s focus then shifts to the October consumer price index (CPI) due on Thursday. A lower reading would likely encourage more risk-taking. This could buoy the dollar’s counterparts on speculation the Fed could ease its rate-hiking path.

The British pound fell 2 percent as the Bank of England lifted rates to 3 percent and warned that the U.K. faces a protracted slowdown. Only Friday’s mixed payrolls report helped the pound to recover from lower levels on the back of a weakening dollar. However, sterling might be vulnerable to further losses with banks predicting a fall below $ 1.10 by the end of the year.

Our trading ideas for today 7/11/22:

EUR/USD

Long @ 0.9960 Hit TP

Short @ 0.9915

GBP/USD

Long @ 1.1330 Hit TP

Short @ 1.1290

DAX® (GER40)

Long @ 13480 Hit TP

Short @ 13430

Settings for all trades today:  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 2022 MaiMarFX.

www.maimar.co

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Four Major Events

Today, the Federal Reserve will announce its latest interest-rate decision. A 75-bp hike is considered a sure thing. Traders are rather looking for hints about plans to ease back from the Fed’s aggressive pace of hikes. Possible signals about a less-hawkish stance would be dollar-negative. However, given the hotter than expected September U.S. inflation report and the strong September nonfarm payrolls, the most likely scenario is continued aggressive policy tightening – at least until the end of 2022.

On Friday, the October U.S. jobs report will provide an important look at the health of the labor market.

On November 8, the U.S. mid-term elections could lead to a change in which party controls Congress. Stock bulls are hoping for a divided Congress, which has historically benefited equities.

On November 10, economists will be watching the consumer price index for signs of a further pullback in order to shape expectations for the Fed’s path. A lower reading could be dollar-negative on the back of increased risk appetite.


After an extended trading break, we have been back at the trading desk for three weeks now and have already been able to make a few profits. From 7 November 2022, we will also be offering our signals service again for all interested traders.

We wish you all good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2022 MaiMarFX.

www.maimar.co

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Signal Service To Be Continued On 7 November

Dear traders,

After an extended trading break, we have been back at the trading desk for three weeks now and have already been able to make a few profits. From 7 November 2022, we will also be offering our signals service again for all interested traders.

We wish you all good trades!


Liebe Trader,

nach einer verlängerten Trading-Pause sind wir seit nun drei Wochen wieder zurück am Trading Desk und konnten bereits ein paar Gewinne einfahren. Ab dem 7. November 2022 bieten wir auch wieder unseren Signalservice für alle interessierten Trader an.

Wir wünschen allen gute Trades!

 

MaiMarFX Team

Trading Break

There is no signal service at the moment. Privately we have some changes and plans coming up, on which our trading also depends. We will keep you posted.

All the best for everyone!

The MaiMarFX team

DAX: Bullish Breakout In The Making?

Today is our last trading day for the time being. Meanwhile, we look back at the month of July, which was characterized by losses and consolidations. While the EUR/USD traded quite well, we had to record losses with the DAX. But even such months are part of trading, albeit painful.

The U.S. PCE Index at 12:30 UTC could be of importance today in terms of movements in the U.S. dollar.

DAX

It sees as if bulls are working on a bullish breakout above 13500. If this happens, we may see a run for 14000. On the downside, the 13000-mark remains of major importance.

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 2022 MaiMarFX.

www.maimar.co

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