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PCE Index In Focus And Trading Signals For Today

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U.S. dollar weakness continued and drove the euro and British pound to next higher targets. Elsewhere, the DAX broke above the 16050-threshold, heading towards 16300.

Today, the PCE data could bolster further bearish USD bets. Generally, the market is currently seeing a disinflationary trend that is bolstering dovish rate hike bets with the Federal Reserve expected to announce the first rate cut in 3-5 months, having just concluded their tightening cycle. This is the main reason why we see the dollar depreciating. U.S. PCE data today can further influence the greenback’s weakness as well as rate cut comments.

Inflation in Germany dropped to 3.2 percent which was a 0.4 percent sharper decline than forecast. Today, EU inflation data is due with estimates indicating another drop in the headline and core measures. A higher reading could pose a threat to the euro.

EU inflation data is due for release at 10:00 am GMT, followed by the PCE price index at 13:30 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 30/11/23:

EUR/USD

Long @ 1.0990

Short @ 1.0940

GBP/USD

Long @ 1.2710

Short @ 1.2680

DAX® (GER40)

Long @ 16240

Short @ 16140

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

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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 28/11/23:

EUR/USD

Long @ 1.0975

Short @ 1.0920

GBP/USD

Long @ 1.2660

Short @ 1.2585

DAX® (GER40)

Long @ 16010

Short @ 15920

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

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Instagram

Daily Trading Signals On CPI Day

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Traders await the U.S. CPI report which is scheduled for release at 13:30 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 14/11/23:

EUR/USD

Long @ 1.0710

Short @ 1.0685

GBP/USD

Long @ 1.2310

Short @ 1.2235

DAX® (GER40)

Long @ 15390

Short @ 15310

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

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CPI Data In Focus

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Traders had to cope with a consolidation period last week which provided more losses than profits in terms of day trades amid a low volatility environment. As recommended, we didn’t invest much the past days and stood on the sidelines. The U.S. dollar was torn between falling and rising U.S. Treasury yields and finally ended the past week a little higher against the euro and British pound.

From a fundamental docket, euro and U.S. CPI are the most interesting reports this week. Euro area headline inflation is expected to drop sharply to 2.9 percent from 4.3 percent which could weigh negatively on the euro. Eurozone CPI is due on Friday. On Tuesday we will have the U.S. CPI report which could cause a hawkish repricing of interest rate expectations that would be bullish for the dollar.

The greenback remains favorable due in the current environment through a comparatively stronger economy as well as its safe haven allure amid the Middle East war.

EUR/USD

The pair trades below the 200EMA which currently oscillates at 1.0735. We recommend traders to wait for a bullish breakout above 1.0760. On the downside, we would wait for a break below 1.0590 with a lower target at 1.0520. The price area between 1.05 and 1.0450 is seen a crucial support for the pair.

GBP/USD

The cable finds itself still in a secondary upward channel. Based on this channel, we pencil in the 1.2150-area as a short-term support, whereas the 1.24-1.2470 zone as a resistance. Below 1.20 chances favor a bearish continuation.

DAX

The index recovered its recent losses and headed for 15450 (EMA200). Above 15600 we favor a bullish bias while below 14900, we will shift our focus to a lower target at 14300.

 

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

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No Profits (Until Now)

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As for both currency pairs EUR/USD and GBP/USD, we were unable to pocket larger gains on Tuesday and Wednesday amid low volatility.

Different was the situation however in the DAX, where we recorded a 40-points profit yesterday with our buy order at 15160.

Let’s see what today has in store.

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 9/11/23:

EUR/USD

Long @ 1.0725

Short @ 1.0680

GBP/USD

Long @ 1.2320

Short @ 1.2270

DAX® (GER40)

Long @ 15260

Short @ 15170

 

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

Daily Trading Ideas

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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 7/11/23:

EUR/USD

Long @ 1.0735

Short @ 1.0670

GBP/USD

Long @ 1.2375

Short @ 1.2310

DAX® (GER40)

Long @ 15160

Short @ 15060

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

Daily Trading Ideas

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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 today or not and how we manage open positions, subscribe to our signals.

Our trading ideas for today 31/10/23:

EUR/USD

Long @ 1.0620

Short @ 1.0575

GBP/USD

Long @ 1.2180

Short @ 1.2130

DAX® (GER40)

Long @ 14770

Short @ 14690

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.

Rally-Mode

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The euro and pound have managed to rally following their recent consolidation phase.

A next higher target is now seen at around 1.0750 in the EUR/USD and around 1.24 in the GBP/USD. On the other side, current support zones could come in at 1.0560 in the euro and 1.2120 in the cable.

 

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 24/10/23:

EUR/USD

Long @ 1.0690

Short @ 1.0625*

GBP/USD

Long @ 1.2310

Short @ 1.2225

DAX® (GER40)

Long @ 14810

Short @ 14710

 

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram

No Direction, No Profits

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Dear traders,

Yesterday was none of our profitable trading days while every attempt to sell the euro or cable ended with a loss. The situation wasn’t better in the DAX. The index trended directionless sideways between 15300 and 15100.

Let’s see what today brings…

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 18/10/23:

EUR/USD

Long @ 1.0610

Short @ 1.0540

GBP/USD

Long @ 1.2215

Short @ 1.2170

DAX® (GER40)

Long @ 15310

Short @ 15190

 

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.

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 17/10/23:

EUR/USD

Long @ 1.0580

Short @ 1.0535

GBP/USD

Long @ 1.2225

Short @ 1.2175

DAX® (GER40)

Long @ 15290

Short @ 15190

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 2023 MaiMarFX.

www.maimar.co