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U.S. CPI In Focus

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Both EUR/USD and GBP/USD were little changed Tuesday with the focus today turning to the U.S. Consumer Price Index (CPI) scheduled for release at 12:30 UTC. Market participants expect a mixed picture in the data while the key focus will be on whether a softer core inflation will be sufficient for the Federal Reserve to keep interest rates on hold.

Traders anticipate increased volatility around the CPI 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 13/9/23:

EUR/USD

Long @ 1.0675

Short @ 1.0725

GBP/USD

Long @ 1.2515

Short @ 1.2440

DAX® (GER40)

Long @ 15660

Short @ 15580

 

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

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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 12/9/23:

EUR/USD

Long @ 1.0775

Short @ 1.0715

GBP/USD

Long @ 1.2560

Short @ 1.2480

DAX® (GER40)

Long @ 15840

Short @ 15780

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

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Work-Life-Balance

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This week went quite well in terms of trading and although the DAX eliminated some previous profits yesterday, we were able to close our performance on balance positive. Thus, we stand this week +41 pips in EUR/USD, +56 pips in GBP/USD and still +40 points in the DAX in profit. This is enough for us for now, which is why we will not invest much more today.

We advise traders again and again to set a weekly profit target and as soon as this is reached, to let the trading rest and dedicate themselves to life :)

In this sense, we wish everyone a beautiful weekend.

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.

 

German translation:

Diese Woche lief handelstechnisch ganz gut und obwohl der DAX uns gestern noch einen Strich durch die Rechnung machte, konnten wir unsere Performance unterm Strich positiv abschließen. Somit stehen wir diese Woche +41 pips im EUR/USD, +56 pips im GBP/USD und noch +40 Punkte im DAX im Gewinn. Das reicht uns erstmal weshalb wir heute nicht mehr viel investieren werden.

Wir raten Tradern immer wieder sich ein Wochengewinnziel zu setzten und sobald dieses erreicht ist, das Trading mal ruhen zu lassen und sich dem Leben zu widmen :)

In diesem Sinne wünschen wir allen ein schönes Wochenende.

 

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.

U.S. Dollar Strength To Continue?

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The U.S. dollar continued its climb against the euro and British pound which was mainly due to higher Treasury yields.

The EUR/USD fell below 1.0760 and extended its tailspin towards 1.07. The area around 1.0660 is seen as a next lower support, whereas on the upside, the 1.0850-70 zone may serve as a resistance for now.

The pound sterling dropped below 1.2540 and further towards 1.2480. We see a next lower target at around 1.2440. A short-term resistance is however seen at 1.2550.

In the DAX there is nothing new to report since it remains trading within its sideways trading range between 16300 and 15600.

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 7/9/23:

EUR/USD

Long @ 1.0760

Short @ 1.0715

GBP/USD

Long @ 1.2530

Short @ 1.2490

DAX® (GER40)

Long @ 15760

Short @ 15670

 

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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This week went off to a quiet start with very little movement in the U.S. dollar crosses. Our buy order in the GBP/USD at 1.2630 ended with a small loss of 4 pips. Elsewhere however, in the DAX, we were able to pocket a profit yesterday with a buy order at 15910 and a successful take profit at 15950.

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 5/9/23:

EUR/USD

Long @ 1.0820

Short @ 1.0740

GBP/USD

Long @ 1.2630

Short @ 1.2580

DAX® (GER40)

Long @ 15790*

Short @ 15740

 

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

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Neuer Monat startet mit U.S. Arbeitsmarktdaten

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Wir wünschen allen Tradern einen guten und erfolgreichen Start in den Monat September. Wir hoffen Sie konnten sich in der Sommerzeit etwas erholen und haben neue Energie für das Trading getankt.

Werfen wir gleich zu Beginn mal einen Blick auf das technische Chartbild.

EUR/USD

Der Euro hat nach seinem letzten Hoch bei 1.1275 im Juli nur abgegeben gegenüber dem U.S. Dollar. Die Talfahrt wurde dann vorerst im August bei knapp 1.0765 gestoppt. Verbleibt der Euro unterhalb von 1.1050 und sollte zudem die 1.08-Marke erneut unterschritten werden, rechnen wir generell mit einem Absinken bis 1.05 (rote Ellipse). Die wenigen Eurobullen warten auf der anderen Seite auf einen erneuten Ausbruch oberhalb von 1.12.

GBP/USD

Auch das Britische Pfund befindet sich seit Juli in einem Abwärtstrendkanal. Die 200-Tageslinie konnte den Fall vorerst oberhalb von 1.2550 stoppen, jedoch bleibt das Pfund unterhalb von 1.2850 anfällig für weitere Verluste.

DAX

Der Index markierte am 31.Juli einen Höchststand bei 16533 Punkten. Dieses Niveau konnte allerdings nicht gehalten werden und so ging es auch für den deutschen Index bergab bis 15465. Aktuell sehen wir den DAX wieder in seiner seit April diesen Jahres bestehenden Seitwärtshandelsspanne zwischen 16300 und 15600. Somit heißt es abwarten.

Heute um 14:30 Uhr stehen die Arbeitsmarktdaten der USA an. Diese Meldung könnte wie gewohnt zu etwas Volatilität in den Dollar-Kreuzungen führen. Wir gehen es gemächlich an.

 

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 © 2023 MaiMarFX.

www.maimar.co

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New Month Starts With NFP

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We wish all traders a good and successful start into the month of September. We hope that you were able to recover a little during the summer and have recharged your batteries for trading ; )

Let’s take a look at the technical chart right at the beginning.

EUR/USD

After its last high at 1.1275 in July, the euro only gave up against the U.S. dollar. The tailspin was only stopped in August at just 1.0765, the ascending trendline. If the euro remains below 1.1050 and also falls below the 1.08-mark again, we generally expect a drop to 1.05 (red ellipse). On the other side, the few euro bulls are waiting for a renewed breakout above 1.12.

GBP/USD

The British pound has also been in a downtrend channel since July. The 200-day EMA was able to stop the fall above 1.2550 for the time being, but as long as the pound trades below 1.2850, it remains vulnerable to further losses.

DAX

The index marked a high of 16533 points on July 31. However, this level could not be maintained and so it also went downhill for the German index to 15465. Currently, we see the DAX back in its sideways trading range between 16300 and 15600, which has existed since April of this year. Thus, we have to wait and see.

Today at 12:30 UTC, the U.S. labor market data are due. This news could lead to some volatility in the dollar crosses as usual. We take it leisurely.

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 2023 MaiMarFX.

www.maimar.co

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Fed Decision And Trading Signals

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It’s Federal Reserve decision day. The central bank is expected to raise interest rates by 25bp to a range of 5.25-5.50 percent. This move is fully priced in. The focus will be on the policy guidance for the next months. If Fed Chair Jerome Powell indicates more hawkish moves ahead, the U.S. dollar will rise. If he abandons his hawkish rhetoric instead, the dollar will weaken.

However, today’s decision could be less volatile for traders since no summary of economic projections will be provided this time.

The Fed decision is due at 18:00 UTC today, followed by the Fed’s press conference 30 minutes later.

Summer doldrums: We advise traders not invest too much or doing a trading break since volatility typically remains at very muted levels during the summer months of July and August. When volatility is low, there is more to lose than to gain.

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 26/7/23:

EUR/USD

Long @ 1.1125

Short @ 1.1035

GBP/USD

Long @ 1.2915

Short @ 1.2865

DAX® (GER40)

Long @ 16280

Short @ 16190

 

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

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Daily Trading Signals

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The GBP/USD is heading towards 1.30 but caution is warranted. The pair is in overbought territory and 1.30 could act as a short-term resistance after being a former support.

DAX: Instead of falling further, the index climbed back above 15750 and hit 15850. As mentioned on our analysis from Monday we now expect a next higher target to be at 16000 – provided that the 15700-mark holds.

 

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 12/7/23:

EUR/USD

Long @ 1.1040

Short @ 1.0970*

GBP/USD

Long @ 1.2965

Short @ 1.2925

DAX® (GER40)

Long @ 15880

Short @ 15790

 

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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Further U.S. Dollar Weakness Ahead?

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Friday’s U.S. Job report surprised to the downside with 209k versus a 225k forecast. The latest job print validated market expectations of a last 25bp Federal Reserve rate hike this month to conclude the overall hiking cycle. The U.S. dollar weakened against the euro and British pound.

Let’s take a look at the technical picture.

GBP/USD – The start of a bullish continuation?

The pound strongly rose towards 1.2850- the recent resistance-area – on the back of a weakening dollar. Looking at larger time frames, we pencil in a next higher target at 1.30 – provided that the pair holds above 1.26 (the lower ascending trendline). However, we bear in mind that the pair entered overbought territory, making it more vulnerable to corrections.

EUR/USD – Hiding within a consolidation range

There are more interesting things in the market than watching the euro’s sideways movement. The pair remains consolidated in a 500-pips trading range between 1.11 and 1.06. Bulls will focus on a recent support at 1.0850 and as long as it holds, we could see a test of the upper resistance area.

DAX – Breaking below 15600

For the first time in three months, the index broke below its recent support at 15600. Given the strength of the latest downward move we expect some further downside momentum toward at least 15400. For a bullish return, it would need a significant break above 15700. A higher target could then be at 16000.

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:

Facebook

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