No Signal Service On Friday And Monday
Out Of Office Notice:
We will be out of office 12th of January until 15th. Therefore, we will be unable to provide our signal service on Friday and Monday.
The MaiMarFX Team
Roller-Coaster Day
Dear Traders,
Yesterday can be described as a roller-coaster day in the markets which was not to our liking. News that officials in Beijing, China, have recommended slowing or halting purchases of U.S. bonds have sent the U.S. dollar sharply lower, at least in a short-term. However, the news was not enough to change the current sentiment and thus, the dollar ended the trading pretty much unchanged against the euro and pound.
The price development in the EUR/USD was as expected. We saw a pullback sending the euro toward 1.2020.
We now expect the EUR/USD to trade between 1.20 and 1.1860. Current chances are still in favor of the bears, provided that the euro remains below 1.20. An important support zone is seen around 1.1850 that could be tested before the euro is primed for another leg up.
From the Eurozone we have the German GDP scheduled for release at 9:00 UTC, followed by the ECB meeting minutes at 12:30 UTC.
Trading the GBP/USD has recently proved difficult. From a technical perspective we expect slightly more bearish momentum to come. The pound could fall towards 1.3470 and 1.3450 before buyers are swooping in. A current resistance is however seen at 1.3540-50.
Daily Forex Signals:
Additional daily and long-term entries are available for subscribers.
View our daily signal alerts https://www.maimar.co/category/daily-signals/
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We wish you good trades and many pips!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2018 Maimar-FX.
Euro Depreciates Against Dollar, Pound With A Tailwind
Dear Traders,
The U.S. dollar experienced a long-needed recovery against most of its major peers at the beginning of this week while the strongest move was seen against the euro. The EUR/USD dropped below 1.20 and extended its slide towards 1.1950. Whether we will see further losses in this pair remains to be seen and hinges on the appetite for dollars ahead of Friday’s U.S. CPI data.
Unlike the euro, the pound sterling was able to stem the decline and rebounded against the greenback after it marked a recent support at 1.3520. Our assumption of a steeper slide following a break below 1.3540 has been shown to be false, at least for now. We still see a higher likelihood of an extended upside swing after a break above 1.3590. However, if the pound falls back below 1.3530 it may be vulnerable for a break below 1.3520. Lets us be surprised.
Sterling traders should keep an eye on important price barriers shown in the table below.
| Resistances | Supports | |
| GBP/USD | 1.3590
1.3615 1.3650 |
1.3520
1.3490 1.3450 |
Daily Forex Signals:
Additional daily and long-term entries are available for subscribers.
View our daily signal alerts https://www.maimar.co/category/daily-signals/
Subscribe to our daily signal service https://www.maimar.co/signals/
We wish you good trades and many pips!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2018 Maimar-FX.
U.S. Dollar Weaker Ahead Of NFP Report
Dear Traders,
The euro extended its gains and headed towards 1.21 on the back of a weakening U.S. dollar. Our long entry has thus proved profitable. As stated in our yesterday’s analysis, we now expect the EUR/USD to test the 1.2130/50 area. A current support is however seen at the 1.20-barrier.
The British advanced against the greenback after the 1.35-support proved intact. We now expect a next resistance to come in at around 1.3650/60. If the pound, however, falls back below 1.3490, it may extend its slide towards 1.3450.
Today’s focus will turn to the U.S. Nonfarm Payrolls, scheduled for release at 13:30 UTC. The jobs report is projected to show 190K jobs in December while yesterday’s ADP report exceeded expectations, signaling continued momentum in the U.S. economy.
We wish you a nice weekend.
Daily Forex Signals:
Additional daily and long-term entries are available for subscribers.
View our daily signal alerts https://www.maimar.co/category/daily-signals/
Subscribe to our daily signal service https://www.maimar.co/signals/
We wish you good trades and many pips!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2018 Maimar-FX.
Happy New Year 2018
Christmas Holiday Break:
Dear Traders,
There will be no signal service during our Christmas holiday break between December 25 and January 4.
Our signal service will be resumed on January 4.
We wish all readers and traders relaxing Christmas holidays and a happy new year 2018!
The MaiMarFX Team
Euro Drops In Thin Pre-Holiday Trade
Dear Traders,
The euro dropped in early Asia trading after Catalan separatists won the snap election in the region, reflecting once again Catalonia’s desire for independence from Spain. We were able to benefit from the downward move as our short trade hit the larger profit target at 1.1818. As long as the euro remains above 1.1760 we maintain a neutral stance in the EUR/USD. On the upside, a break above 1.1925 could spark some bullish momentum towards 1.1970.
The U.S. dollar slightly weakened against most of its major peers on the back of an unexpected downgrade of the third-quarter U.S. GDP, but the market’s reaction was muted in thin pre-holiday trade. The PCE deflator along with Durable Goods Orders is scheduled for release today at 13:30 UTC but with many market participants already being offline ahead of the Christmas holiday we do not expect larger market swings.
The pound sterling continued to trade within a narrow sideways trading range between 1.3390 and 1.3330 and thus, none of our yesterday’s entries was triggered.
U.K. Q3 GDP figures are scheduled for release at 9:30 UTC but no changes are expected. We expect GBP/USD to trade between 1.3450 and 1.3250 in the near-term.
We wish all traders and readers Merry Christmas and a Happy New Year 2018!
Christmas Trading Break: There will be no signal service during our Christmas holiday break between December 25 and January 4. Our signal service will be resumed on January 4.
View our daily signal alerts https://www.maimar.co/category/daily-signals/
Subscribe to our daily signal service https://www.maimar.co/signals/
We wish you good trades and many pips!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2017 Maimar-FX.
Senate Passes U.S. Tax Bill
Dear Traders,
The British pound ended the trading day unchanged against the U.S. dollar after it fell to a low near 1.3330. The greenback on the other side, strengthened against most of its peers Tuesday with the exception of the euro. Investors awaited the final votes on the U.S. tax-cut legislation with the House taking another vote on the tax bill this morning.
Once the tax bill is behind us, investors will assess how the bill will impact the U.S. economy in the longer run. While the dollar could receive some fresh boost as investors anticipate the tax bill to add growth in the near-term, the longer-term impact on the economy is less certain.
The EUR/USD broke above 1.1825 and rose towards 1.1850. Whether we will see a run for 1.19 remains to be seen and hinges on the risk appetite for euros amid the year-end liquidity drain. Above 1.1865 we expect further gains towards 1.1920.
The GBP/USD remained within a sideways trading range between 1.3420 and 1.3330.
BoE Governor Carney speaks at a Parliament Hearing in London today at 13:15 UTC. If the pound breaks above 1.3420 we anticipate further gains towards 1.3470. If the pound however drops below 1.3340 it could head for a re-test of the 1.33-support.
Daily Forex signals:
Additional daily and long-term entries are available for subscribers.
View our daily signal alerts https://www.maimar.co/category/daily-signals/
Subscribe to our daily signal service https://www.maimar.co/signals/
We wish you good trades and many pips!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2017 Maimar-FX.
Euro And Pound Strengthen Amid Sideways Trend
Dear Traders,
Both euro and British pound slightly recovered against the U.S. dollar at the beginning of this week. Yesterday’s upward movements contribute to keeping the current sideways trading range in both currency pairs EUR/USD and GBP/USD intact.
While we do not expect larger market swings in these final trading days we focus on the technical picture and its crucial support and resistance zones.
EUR/USD: The euro rose above 1.18 but rejected the 1.1835-level. We will now focus on a trading range between 1.1825 and 1.1750. If the euro breaks above 1.1825 we expect further gains towards 1.19. On the downside, we see current support levels at 1.1750 and 1.17.
The German IFO Index is scheduled for release at 9:00 UTC but this report is not expected to have a significant impact on the euro.
GBP/USD: The pound advanced and marked an intraday high at 1.3418. However, as long as we see the cable trading between 1.3475 and 1.3275 we will not pay much attention to the current price action.
Daily Forex signals:
Additional daily and long-term entries are available for subscribers.
View our daily signal alerts https://www.maimar.co/category/daily-signals/
Subscribe to our daily signal service https://www.maimar.co/signals/
We wish you good trades and many pips!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2017 Maimar-FX.
Pound Drops On Risks Of Hard Brexit But Sideways Trading-Range Remains Intact
Dear Traders,
Heading into the final trading days of 2017, volatility is expected to remain low in the run-up to the Christmas holiday. There are no significant drivers or market-moving data releases on the economic calendar which is why we recommend taking a cautious approach to new investments now.
The British pound fell to a low of 1.3301 last Friday on risks of a hard Brexit. The second phase of Brexit negotiations between the U.K. and EU will be even harder than the first and investors are skeptical that U.K. Prime Minister Theresa May will achieve a soft landing when U.K. leaves the EU in 2019.
GBP/USD
While we currently favor a sideways trading range between 1.3480 and 1.3280 the risk appears to be tilted to the downside. If the pound falls below 1.3260 we expect further losses towards 1.32. However, even if larger movements are unlikely given the liquidity drain, traders should always expect the unexpected.
EUR/USD: The euro was little changed with the crucial support at 1.17 remaining intact. As long as the euro trades between 1.1920 and 1.17/1.1660 there is nothing new to report.
The economic calendar is relatively quiet this week. The U.S. GDP report (Thursday) may receive some attraction even though no surprises are expected. Traders may also keep an eye on the PCE Index and Durable Goods Orders (Friday) but all these reports might be of less importance as the year draws to a close.
Sterling traders may listen to comments from Bank of England Governor Mark Carney on Wednesday when he speaks at a Parliament Hearing in London.
Daily Forex signals:
Additional daily and long-term entries are available for subscribers.
View our daily signal alerts https://www.maimar.co/category/daily-signals/
Subscribe to our daily signal service https://www.maimar.co/signals/
We wish you good trades and many pips!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2017 Maimar-FX.
Markets To Enter Quiet Trading Period
Dear Traders,
With all major risk events now behind us, there was little movement in the market Thursday as many market participants around the globe are gradually leaving for the Christmas holidays. Given the seasonal liquidity drain we recommend taking profits at smaller targets now or staying on the sidelines, considering a trading break around this period.
The euro weakened against the U.S. dollar after ECB President Mario Draghi sounded cautious about the prospect of higher inflation in the coming months even though the economic outlook remains positive. The ECB unveiled updated economic projections that showed continued growth over the next three years but despite that positive outlook, the central bank is not planning to raise rates anytime soon. In a nutshell, with the ECB still being far from raising rates, euro bulls did not see a reason to push the euro higher -at least not for the time being.
The pound was little changed following the Bank of England’s monetary policy announcement. As expected, the BoE left interest rates unchanged and following the latest BoE rate hike in November, the central is not expected to raise rates in the coming months.
GBP/USD: In short-term time frames we expect the currency pair to trade between 1.35 and 1.33.
EUR/USD: The 1.17-support remains in focus and if the euro drops below that important barrier, we expect further losses towards 1.16. Above 1.1930 however, the euro could head for 1.2050.
We wish you a beautiful and peaceful pre-Christmas period.
Daily Forex signals:
Additional daily and long-term entries are available for subscribers.
View our daily signal alerts https://www.maimar.co/category/daily-signals/
Subscribe to our daily signal service https://www.maimar.co/signals/
We wish you good trades and many pips!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2017 Maimar-FX.
We are Maite & Marios Krausse, both born in Germany and trade full time in the Foreign Exchange Market (Forex) as independent traders.
Our teamwork began in 1998, when we got to know and love each other. 20 years later after having built our careers, our son was born, making us a happy family. Continue reading...
