Posts

Is U.S. Dollar Weakness Short-lived?

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The U.S. dollar weakened but its recent sell-off may be short-lived, provided that economic growth in the U.S. exceeds expectations.

The U.S. GDP report is due for release today at 12:30 GMT.

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 25/4/24:

EUR/USD

Long @ 1.0725

Short @ 1.0670

GBP/USD

Long @ 1.2510

Short @ 1.2415

 

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

Wait-And-See-Mode

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Welcome to a new trading week. The focus this week will be on two significant economic data releases that could increase volatility in the U.S. dollar crosses. First will be the U.S. GDP for the first quarter (Thursday) and second the March’s core PCE data (Friday), the key inflation gauge for the Federal Reserve. Should both readings prove hotter-than-expected, traders could bet on the Fed maintaining higher interest rates for longer – a bullish outcome for the U.S. dollar.

Furthermore, geopolitical developments will play a major role and if there are signs of a potential de-escalation in the Middle East, the dollar could give up recent gains.

Risk management: We will start by a very low risk this week per trade since there are no major catalysts at the beginning of this week.

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.

 

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

Quiet Trading

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As for the price development not much has happened so far this week. Yesterday we saw the euro and British pound correcting some of their losses against the U.S. dollar but movements were limited and thus, not really profitable in terms of our daily signals.

We assume that this minor correction could be extended in very short-term timeframes, with the area at around 1.0750 in the EUR/USD and 1.25-1.2550 in the GBP/USD seen as a next price target within that correction.

However, we recommend traders to not expect too much when no major catalysts are scheduled on the fundamental docket. Better trade with small position or stay on the sidelines until volatility accelerates.

 

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 18/4/24:

EUR/USD

Long @ 1.0710

Short @ 1.0640

GBP/USD

Long @ 1.2510

Short @ 1.2440

DAX® (GER40)

Long @ 17860

Short @ 17760

 

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

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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 16/4/24:

EUR/USD

Long @ 1.0640

Short @ 1.0585

GBP/USD

Long @ 1.2475

Short @ 1.2415

DAX® (GER40)

Long @ 17840

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

Daily Trading Signals

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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 9/4/24:

EUR/USD

Long @ 1.0870

Short @ 1.0815

GBP/USD

Long @ 1.2670

Short @ 1.2620

DAX® (GER40)

Long @ 18310

Short @ 18240

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

Quiet Currency Trading

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Not much has happened yesterday amid low volatile trading. Different was the situation in the DAX, where we first struggled with false breakouts but were later rewarded with two profitable trades for both bulls and bears.

Let’s see what’s in store for today.

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 3/4/24:

EUR/USD

Long @ 1.0815

Short @ 1.0730

GBP/USD

Long @ 1.2615

Short @ 1.2560

DAX® (GER40)

Long @ 18360

Short @ 18230

Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 20-30

 

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

Rate Cut Fears Weaken The U.S. Dollar’s Counterparts

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We wish everyone a good new trading week.

Most important event risk of this week, will be the U.S. NFP data, due for release on Friday.

Rate cuts are in focus and while U.S. economic data continues to support a robust economy, expectations raise that the European Central Bank may even cut interest rates earlier than the Federal Reserve. This exerted some pressure on the euro and British pound against the greenback.

EUR/USD: Lower support zones come in at around 1.07 and 1.0650, while on the topside, the 1.0830 could act as a resistance.

GBP/USD: The pair closed below 1.26, so the next target is seen at 1.25.

 

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 2/4/24:

EUR/USD

Long @ 1.0765

Short @ 1.0720

GBP/USD

Long @ 1.2570

Short @ 1.2530

DAX® (GER40)

Long @ 18540

Short @ 18440

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

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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 26/3/24:

EUR/USD

Long @ 1.0860

Short @ 1.0820

GBP/USD

Long @ 1.2670

Short @ 1.2620

DAX® (GER40)

Long @ 18330

Short @ 18240

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.

 

 

 

Quiet Week Before The Easter Holidays?

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After markets had a few days to digest last week’s dovish FOMC meeting, where the Federal Reserve continued to signal three rate cuts in 2024, even though fresh forecasts pointed to slightly hotter inflation. The message behind last week’s decision is that the Fed seems willing to let inflation run hot for longer, to minimize the risk of a recession.

However, the U.S. dollar’s counterparts encountered their own problems and gave up their lofty gains while the greenback managed to recover previous losses. The pound fell sharply after the Bank of England softly opened the door for a summer rate cut.

GBP/USD

The pound crushed into reality and below 1.26 after it was flirting with the lofty 1.29-barrier. It will now be interesting whether daily candles close below 1.26 (blue EMA), since this would point to a fresh downtrend. Given that this week will be accompanied by low volatility, we expect that the pair will trade in tight ranges. A next resistance comes in at around 1.2650, followed by 1.2720. However, bearish candles suggest more downside momentum to come.

EUR/USD

The euro remains within its sideways trading range but recently tilts to the downside. Remaining below 1.0850 would turn the focus to the lower 1.07-target.

DAX – Is everything right with the high-flyer?

With a chart like this, we can only express our doubts that this steep uptrend will continue. What do you think?

 

This week will be quiet in terms of market-moving data. The only interesting piece of data will be the PCE price index, due for release on Friday. Friday, however, will be a public holiday, so liquidity is expected to be thin.

 

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.

Small Price Movements

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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