Signal Entries For NFP Release

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The U.S. Nonfarm payrolls report is scheduled for release today at 13:30 UTC. Our signals are only valid for around the NFP release.

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 2/2/24:

EUR/USD

Long @ 1.0890

Short @ 1.0840

GBP/USD

Long @ 1.2765

Short @ 1.2725

 

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.

After Fed Focus Shifts To Friday’s NFP Data

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Large swings were absent yesterday when the Federal Reserve failed to send a dovish signal, signaling only that it is not yet ready to ease its policy stance imminently. Thus, a rate cut in March is still possible but the likelihood of this early cut appears to be slim at the moment.

Expectations in terms of rate cuts could however change as soon as tomorrow, when the U.S. Nonfarm payrolls report is scheduled to be released. If job growth surprises to the downside, a March rate cut could be back on the table, which would weaken the U.S. dollar. Conversely, if NFP numbers are stronger-than-forecast, the greenback will rise on an unwinding of dovish bets.

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.

DAX® (GER40)

Long @ 16840

Short @ 16780

Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 100

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

 

FOMC Decision: Will The Fed Send A Dovish Signal?

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Traders should be prepared for increased volatility with the Federal Reserve’s first policy decision of 2024 coming up. While no change in interest rates is expected, the Fed could adjust its monetary policy guidance which could trigger large swings. If the central bank embraces a more dovish posture, the U.S. dollar will fall. In the event of a hawkish signal and pushing back against expectations of deep and early rate cuts, the dollar should rise sharply.

The Fed’s interest rate decision will be announced at 19:00 GMT today, followed by the press conference 30 minutes later.

EUR/USD: Watch out for breaks either below 1.0790 (short) or above 1.0910 (long).

GBP/USD: Today, we will pay attention to a rise above 1.2760 which could attract buyers or a fall below 1.2640 that could increase bearish momentum towards 1.26 and further 1.2550.

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 the FOMC decision 31/1/24:

EUR/USD

Long @ 1.0860

Short @ 1.0785

GBP/USD

Long @ 1.2710

Short @ 1.2665

 

 

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

 

DAX Hits Record High

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The DAX hit a record high and surged above 17010. We will enter long today at 17020 and will try to go for 40 points profit.

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 30/1/24:

EUR/USD

Long @ 1.0865

Short @ 1.0790

GBP/USD

Long @ 1.2725

Short @ 1.2670

DAX® (GER40)

Long @ 17020

Short @ 16940

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

Ereignisreiche Woche voraus

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Wir sind in die letzte Januarwoche eingetreten, die traditionell sehr busy ist, und dieses Jahr ist es nicht anders, denn der Wirtschaftskalender ist voll mit wichtigen Zentralbankentscheidungen und der Veröffentlichung wichtiger Daten.

Die Sitzung der Federal Reserve am Mittwoch wird der Höhepunkt der kommenden Tage sein. Während die Marktteilnehmer nach wie vor davon überzeugt sind, dass eine dovische Wende näher rückt, warnten prominente Fed-Manager, dass die Erwartungen in Bezug auf künftige Zinssenkungen zu optimistisch seien und dass die Fed nicht beabsichtige, die Zinsen so schnell zu senken, wie die Märkte erwarten. Da es in dieser Woche keine Änderung der Geldpolitik und keine Veröffentlichung des Dot-Plots gibt, werden die Händler auf neue Hinweise zum Zeitpunkt der ersten Zinssenkung durch den Fed-Vorsitzenden Jerome Powell in seiner Pressekonferenz warten. Sollte Powell die Tür für eine mögliche Zinssenkung in der ersten Jahreshälfte offenlassen, könnte der US-Dollar schwächer werden.

Darüber hinaus wird die Richtung des Greenbacks auch von den neuesten US-Arbeitsmarktdaten abhängen, die am Freitag veröffentlicht werden. Es wird erwartet, dass sich der Arbeitsmarkt im Januar abgekühlt hat. Eine positive Überraschung bei den Arbeitsmarktzahlen würde die Hoffnungen auf eine baldige Zinssenkung verringern, so dass der Dollar kurzfristig stark aufwerten könnte.

Am Donnerstag tritt die Bank von England zusammen, um ihre Geldpolitik festzulegen. Wie die EZB und die Fed wird auch die BoE die Zinsen voraussichtlich unverändert lassen. Mit einer baldigen Zinssenkung ist nicht zu rechnen, doch könnte die BoE in ihrer Februarsitzung erstmals einen dovischen Kurs einschlagen, was sich negativ auf das Pfund auswirken würde.

Die allgemeine Kursentwicklung blieb für die Händler sehr träge, und selbst ein besser als erwartet ausgefallener US-Kern-PCE-Bericht vom vergangenen Freitag konnte den US-Dollar nicht wirklich beflügeln. Die engen Handelsspannen dürften jedoch aufgrund einer erwarteten Zunahme der Volatilität in den kommenden Tagen getestet werden.

 

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.

Busy Week Ahead

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We entered the last week of January which is traditionally very busy and this year is no different with a packed economic calendar of key central bank decisions and big data releases.

The Federal Reserve policy meeting on Wednesday will be the highlight in the days ahead and while market participants remain convinced that a dovish pivot is drawing closer, prominent Fed managers warned that expectations around future rate cuts were too optimistic and that the Fed does not intend to cut rates as quickly as the markets expect. With no change in monetary policy and no dot plot release this week, traders will be looking for fresh hints on the timing of the first rate cut by Fed Chair Jerome Powell in his press conference. If Powell leaves the door open to a possible rate cut in the first half of the year, the U.S. dollar could weaken.

Furthermore, the greenback’s direction will also hinge on the latest U.S. jobs numbers which will be release on Friday. The jobs market is forecast to have cooled in January. An upside surprise in the payrolls report would diminish hopes for an early rate cut and the dollar could thus experience a short squeeze.

On Thursday, the Bank of England meets to set its monetary policy. Like the ECB and Fed, the BoE is expected to keep rates unchanged. There are no expectations for any rate cuts soon, but the BoE may make its first dovish tilt in its February meeting, a move that would be negative for the pound.

The overall price development remained very sluggish for traders and even a better-than-expected U.S. Core PCE report from last Friday could not really boost the U.S. dollar. However, the tight ranges are likely to be tested due to an anticipated lift in volatility in the days ahead.

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.

 

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 Takes Center Stage

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All eyes will turn to the European Central Bank decision today at 13:15 GMT where the central bank is expected to stand pat on rates with inflation still above target. While inflation in the euro area has maintained a downward trajectory during the last year, ECB policymakers are wary of upside risks to inflation. The biggest threat might be the latest crisis in the Middle East with a temporary supply shock posing a risk to European businesses.

Traders will focus on ECB President Christine Lagarde’s press briefing at 13:45 GMT for an updated view on the economy and inflation outlook.

The risk for the euro is to the downside. For the common currency to recover, Lagarde would need to sound surprisingly hawkish, dashing hopes for an ECB rate cut anywhere near as much as what markets have priced in. Markets expect the ECB to cut rates in June. If the communication among policymakers is, however, not clear, the euro could end up drifting sideways.

We will focus on a break below 1.0820 and further 1.08 in order to sell the euro towards 1.0750 and 1.07. Above 1.0935, the focus shifts back towards the 1.10-threshold.

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 25/1/24:

EUR/USD

Long @ 1.0910

Short @ 1.0870

 

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 Signals: Waiting For Breakouts

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As for our daily trading signals, the EUR/USD performed quiet well during the last days despite its tight trading range. Currently our monthly performance stands at 111 pips profit only for the pair EUR/USD. Trading the GBP/USD has however proved to be more difficult with more false breakouts due to a very narrow trading range. We will wait for sustained breakouts of the cable’s sideways range between 1.28 and 1.25.

The DAX recovered some of its recent losses and is currently trading above 16700. We will focus on a significant break above 16820 in order to buy the index towards a test of 17000.

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 24/1/24:

EUR/USD

Long @ 1.0910

Short @ 1.0840

GBP/USD

Long @ 1.2715

Short @ 1.2680

DAX® (GER40)

Long @ 16790

Short @ 16660

 

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

EZB-Sitzung und U.S. PCE-Daten stehen im Mittelpunkt

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Willkommen zu einer neuen Handelswoche.

Aus fundamentaler Sicht mag der Handel zu Beginn dieser Woche in ruhigen Gewässern verlaufen, doch gegen Ende der Woche stehen zwei wichtige Datenveröffentlichungen und Ereignisse an.

Die Entscheidung der Europäischen Zentralbank wird am Donnerstag im Mittelpunkt stehen. Die meiste Bewegung werden Kommentare von Präsidentin Christine Lagarde bringen. Die Märkte gehen derzeit davon aus, dass die EZB die Zinssätze im April senken wird, aber Lagarde warnte, dass dies zu früh sei und deutete stattdessen auf eine Zinssenkung im Sommer hin. Während die Händler auf einen konkreten Zeitplan hoffen, wann mit der ersten Zinssenkung zu rechnen ist, wird diese EZB-Sitzung wahrscheinlich zu früh sein, um auf eine klare Orientierung zu hoffen. Sollte es Lagarde jedoch gelingen, die Zinssenkungserwartungen zu dämpfen, könnte der Euro kurzzeitig nach oben ausschlagen.

Am Freitag wird der Kern-PCE-Index in den USA für die Erwartungen auf Zinssenkungen der Federal Reserve von Bedeutung sein.

Aus technischer Sicht bleiben sowohl EUR/USD als auch GBP/USD in einer breiten Handelsspanne stecken. Solange die Währungen um Dynamik ringen, sollten sich Händler auf das Range Trading und die jeweiligen Ausbruchbereiche konzentrieren.

EUR/USD – Achten Sie auf Ausbrüche über 1,10 oder unter 1,08.

GBP/USD – Seitwärtsspanne ist intakt. Nachhaltige Ausbrüche über 1,28 oder unter 1,25 werden von Interesse sein.

DAX – Wir werden uns auf einen Ausbruch nach oben über 16820 konzentrieren, um einen weiteren Vorstoß auf 17000 zu versuchen. Ein Verbleib oberhalb von 16300 wird die Bullenbewegung begünstigen.

 

 

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.

ECB Meeting And U.S. PCE Data Will Take Center Stage

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Welcome to a new trading week.

From a fundamental perspective, trading might be in quiet waters at the beginning of this week but towards the end of the week we have two high-importance data releases and events.

The European Central Bank decision will take center stage on Thursday. Most action will come from the commentary by President Christine Lagarde. Markets currently expect the ECB to cut interest rates in April, but Lagarde warned that’s too early, pointing to a summer rate cut instead. While traders hope for a timetable of when to expect the first cut, this ECB meeting will likely be too soon to hope for a strong guidance. If Lagarde is however successful in dampening rate cut expectations, the euro could briefly spark higher.

On Friday, the core U.S. PCE index will be important in shaping expectations for Federal Reserve rate cuts.

Looking at the technical picture, both EUR/USD and GBP/USD remain stuck in broad ranges. As long as currencies are struggling for momentum, traders are advised to focus on range trading and breakout levels.

EUR/USD – Watch out for breakouts above 1.10 or below 1.08.

GBP/USD – Sideways range is intact. Sustained breakouts above 1.28 or below 1.25 will be of interest.

DAX – We will focus on a bullish break above 16820 in order to try another push for 17000. Remaining above 16300 will favor bullish action.

 

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