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A Profitable Trading Day

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The U.S. dollar declined on the back of subdued U.S. yields while other significant drivers were lacking. The greenback may receive a boost today from the FOMC minutes in the evening.

The EUR/USD surged to a high of 1.0839 and euro bulls were able to profit. Our yesterday’s long entry at 1.0780 hit our profit target at 1.0820.

Also profitable was the trading in the GBP/USD Tuesday. We went long at 1.2610 and took profit at 1.2650.

The situation was different in the DAX where choppy sideways swings have led to two false breakouts and thus, two losing trades.

 

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 21/2/24:

EUR/USD

Long @ 1.0820

Short @ 1.0770

GBP/USD

Long @ 1.2640

Short @ 1.2585

DAX® (GER40)

Long @ 17110

Short @ 17040

 

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

Trading Signals On U.S. CPI Day

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All eyes will turn to the U.S. CPI report today at 13:30 UTC.

Prepare for volatile swings in case of a surprise reading!

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 13/2/24:

EUR/USD

Long @ 1.0785

Short @ 1.0740

GBP/USD

Long @ 1.2665

Short @ 1.2590

DAX® (GER40)

Long @ 17020

Short @ 16970

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

U.S. CPI In Focus

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After a relatively quiet trading week amid a low-volatile market environment, traders have a glimpse of hope looking for fresh momentum and more volatile swings this week. All eyes will turn to the U.S. inflation report tomorrow which is expected to provide some wild swings, provided that there is a surprise in the headline figure. A hotter-than expected U.S. CPI report would be positive for the U.S. dollar as Federal Reserve early rate cut bets vanish. If inflation comes in lower-than-expected, the U.S. dollar will weaken on the back of increasing bets for an earlier dovish pivot. Investors still see a strong likelihood for a rate cut in May.

Forecasts however suggest CPI stayed unchanged at 3.4% y/y in January.

Let us be surprised.

 

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 12/2/24:

EUR/USD

Long @ 1.0810

Short @ 1.0780

GBP/USD

Long @ 1.2660

Short @ 1.2620

DAX® (GER40)

Long @ 17010

Short @ 16930

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

U.S. Dollar Lacks Direction

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The U.S. dollar was largely flat on Wednesday, providing almost no profitable trading chance. Traders await new catalysts with the U.S. inflation print next week, but this week will bring no major economic releases which is why directional bias is lacking.

EUR/USD: The pair found a short-term support at 1.0722. We recommend traders to wait for a break either below 1.0690 or above 1.0860 to engage.

GBP/USD: The cable shortly broke below the 1.2540-support but was able to stabilize above 1.26 again. As long as the pair remains below 1.2760, we will focus on a renewed break below 1.2540 with a potential test of 1.25.

DAX: The index hoovers around the 17000-mark. Below 16880, we see a greater chance of a dip towards 16800. Bulls on the other side, will watch out for a break above 17080.

 

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 8/2/24:

EUR/USD

Long @ 1.0810

Short @ 1.0740

GBP/USD

Long @ 1.2660

Short @ 1.2610

DAX® (GER40)

Long @ 16980

Short @ 16930

 

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

Profitable Forex Signals

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Yesterday has proved to be a profitable trading day amid low volatile trading conditions. Both of our short entries in the EUR/USD and GBP/USD provided a total gain of +80 pips.

We will not reinvest that profit 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 6/2/24:

EUR/USD

Long @ 1.0765

Short @ 1.0740

GBP/USD

Long @ 1.2570

Short @ 1.2530

DAX® (GER40)

Long @ 16970

Short @ 16890

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.

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

 

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

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

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

Hawkish Repricing Strengthens Greenback

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The market had to reprice Federal Reserve rate cut expectations for this year, which is obvious in the latest round of U.S. dollar strength. At the beginning of this year, traders assigned an 80 percent probability to the first Fed rate cut coming in March, but the likelihood of an early policy easing dwindled to around 50 percent currently. The reason for the repricing is the U.S. economy which is holding up remarkably well while inflation remains still above-target. The hawkish repricing has led to accelerated Treasury yields, reinforcing the dollar’s recovery. We may see further gains in the greenback in the near term.

EUR/USD

The euro’s recent uptrend channel was broken to the downside with a dip towards 1.0840. If the euro is able to stabilize above 1.0870, we may see a rise back towards 1.10 but if 1.08 breaks to the downside, the next lower target could be at 1.05.

GBP/USD

The 1.26-support remains intact so far. Below 1.2580, traders will sell the pound towards 1.25. Sterling bulls on the topside, will wait for a fresh and clear break above 1.28.

DAX

The index dropped below 16590 and extended its decline towards the lower barrier of the DAX’s support area around 16400- 16350. Bears will now focus on a break below 16300 but more importantly, below 16240. Falling below 16240 could lead to a test of the crucial 16000-treshhold. On the upside, a lower resistance comes in at around 16750.

 

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