DAX trading – Page 4

Hawkish Repricing Strengthens Greenback

January 18, 2024/in General News & Updates /by MaimarFX

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.

www.maimar.co

U.S. Dollar With An Uptick

January 16, 2024/in General News & Updates /by MaimarFX

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 16/1/24:

EUR/USD

Long @ 1.0975

Short @ 1.0890

GBP/USD

Long @ 1.2735

Short @ 1.2660

DAX® (GER40)

Long @ 16570

Short @ 16510

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.

Will Range Trading Continue?

January 15, 2024/in General News & Updates /by MaimarFX

The U.S. dollar has had a mixed few days, struggling to find a clear direction. While inflation remains sticky, leading to a pushback from various Federal Reserve members from the Fed’s projected rate cut path this year, the central is still expected to cut interest rates six times for a total of 150bp. While the inflation picture continues to weigh on the greenback, the dollar is getting a small bid due to troubles in the Red Sea. However, in the environment of growing geopolitical risks, the dollar will have difficulties to make a concerted break.

This week we will have no major market moving data scheduled for release, so amid a potential lack of volatility, traders should prepare for range trading.

EUR/USD

The euro traded recently captured between 1.10 and 1.0870. Breakout traders will thus prepare for breaks either above 1.1010 or below 1.0870 and further 1.08. As long as the euro remains above 1.09, the latest uptrend remains intact.

GBP/USD

Amid a very uncertain landscape for the pound, the currency trades sideways between 1.28 and 1.26. Sterling bulls will pay attention to a clear break above 1.28 in order to try a run towards 1.29, whereas on the downside, a break of the 1.26-support will be of major importance before the focus shifts to 1.25.

DAX

The index is currently taking a break, remaining sideways and providing almost no big moves within the last days. On the topside, the 17000-level remains key for the bulls and a break above that level could lead to a sharp short squeeze. On the downside, traders should watch out for a fall below 16590 which could lead to a decline towards 16400.

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.

Focus On U.S. CPI Data

January 11, 2024/in General News & Updates /by MaimarFX

Here are our trading ideas on U.S. CPI-release day.

Inflation figures are 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 11/1/24:

EUR/USD

Long @ 1.1015

Short @ 1.0920

GBP/USD

Long @ 1.2775

Short @ 1.2715

DAX® (GER40)

Long @ 16830

Short @ 16780*

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.

www.maimar.co

U.S. Dollar Accelerates Ahead Of CPI Data

January 10, 2024/in General News & Updates /by MaimarFX

The U.S. dollar strengthened slightly against other counterparts ahead of tomorrow’s U.S. CPI report. The headline inflation gauge is forecast to tick up to 3.2 percent from 3.1 percent which would mean an unwelcomed development for the Federal Reserve. Dovish bets on the Fed’s rate cut trajectory could therefore start to unwind. In other words, if inflation figures surprise to the upside, the market needs to reprice rate expectations which could result in a boost for the U.S. dollar.

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 10/1/24:

EUR/USD

Long @ 1.0965

Short @ 1.0920

GBP/USD

Long @ 1.2730

Short @ 1.2685

DAX® (GER40)

Long @ 16710

Short @ 16620

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.

www.maimar.co

Daily Trading Signals

January 9, 2024/in General News & Updates /by MaimarFX

Daily Forex and DAX Signals:

Our short trade in the DAX proved already profitable and hit its profit target.

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 9/1/24:

EUR/USD

Long @ 1.0980

Short @ 1.0940

GBP/USD

Long @ 1.2770

Short @ 1.2710

DAX® (GER40)

Long @ 16770

Short @ 16710

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.

Subscribe to our daily signal service

We wish you good trades!

Any and all liability of the author is excluded.

www.maimar.co

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Risikoappetit wird wahrscheinlich abnehmen

December 18, 2023/in General News & Updates /by MaimarFX

Die positive Risikostimmung ist am Freitag der letzten Woche vor der Weihnachts-/Neujahrspause ins Stocken geraten. Es wird erwartet, dass die Volumina und die Risikobereitschaft des Marktes drastisch sinken werden. Am vergangenen Freitag kam es beim Euro und beim britischen Pfund so zu deutlichen Korrekturen gegenüber ihren Höchstständen. Zuvor ließ die Welle des Optimismus den Euro und das britische Pfund ansteigen, während der DAX ein neues Allzeithoch bei 17000 Punkten markierte.

DAX – ‘The trend is our friend’

Der deutsche Index stieg auf ein Allzeithoch von 17004. Während wir weitere Aufwärtsimpulse in Richtung eines nächsten Hochs bei etwa 17200 erwarten, sehen wir auch einen wichtigen Unterstützungsbereich zwischen 16400 und 16500.

Der US-Dollar gab in der vergangenen Woche aufgrund des dovischen Kurswechsels der US-Notenbank nach, während sowohl die Bank von England als auch die Europäische Zentralbank an ihrem hawkishen Ausblick festhielten. Im Gegensatz zur Fed, die drei Zinssenkungen um 25 Basispunkte im Jahr 2024 erwartet, wurden die Erwartungen einer Reihe von Zinssenkungen sowohl der EZB als auch der BoE im nächsten Jahr zurückgeschraubt.

EUR/USD – In keinem Aufwärtstrend

Bei Betrachtung größerer Zeitrahmen wie dem Wochenchart sehen wir, dass der Euro bisher noch keinen Aufwärtstrend ausgebildet hat, da er immer noch unter dem EMA200 bei etwa 1,10 liegt. Sollten die Euro-Bullen es über 1,1010 schaffen, läge die nächste Hürde bei 1,1080 – der absteigenden Trendlinie. Erst ein klarer Durchbruch über 1,11 würde die Chancen auf eine bullische Tendenz erhöhen.

GBP/USD – Arbeitet an einem Ausbruch

Der Cable scheint an einem Ausbruch nach oben über den EMA200 bei 1,2740 zu arbeiten. Oberhalb von 1,2760 werden sich Händler auf einen erneuten Test von 1,28 und weiter 1,2850 konzentrieren. Auf der anderen Seite wird eine aktuelle Unterstützung bei 1,25 gesehen.

Wir empfehlen Händlern, ihre monatlichen Gewinne in dieser Woche nicht zu reinvestieren, da sich das Volumen ausdünnt. Der am Freitag zu veröffentlichende PCE-Bericht könnte jedoch eine Beobachtung wert sein, da schwächer als erwartete Zahlen den jüngsten Rückgang des Dollars verstärken könnten, während starke Zahlen eine bullische Wende auslösen könnten.

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.

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Risk Appetite Will Likely Wain

December 18, 2023/in General News & Updates /by MaimarFX

The positive risk sentiment stalled last Friday as we enter the final week before the Christmas/New Year break. Volumes are expected to turn sharply lower as well as the market’s risk appetite. On Friday we saw some sharp corrections from the euro and British pound’s lofty highs. Prior to that, the recent wave of optimism saw the euro and pound accelerating while the DAX printed a fresh all-time high at 17000.

DAX – The trend is our friend

The German Index rose to an all-time high of 17004. While we expect more upside momentum towards a next high at around 17200, we also pencil in an important support area between 16400 and 16500.

The U.S. dollar slid on the Federal Reserve’s dovish pivot last week, while the Bank of England and the European Central Bank both held their hawkish outlooks. In contrast to the Fed, which sees three 25bp rate cuts in 2024, expectations of a series of rate cuts by both the ECB and BoE next year were paired back.

EUR/USD – Not in an uptrend

Looking at larger timeframes such as the weekly chart, we see that the euro hasn’t formatted an uptrend so far since it remains still below the EMA200 at around 1.10. Should euro bulls make it above 1.1010, the next hurdle comes in at 1.1080 – the descending trendline. Only a clear break above 1.11 would increase chances towards a bullish bias.

GBP/USD – Working on a breakout

The cable seems to work on an upside breakout above the EMA200 at 1.2740. Above 1.2760, traders will focus on a renewed test of 1.28 and further 1.2850. On the other side, a current support is seen at 1.25.

We recommend traders not to reinvest their monthly profits this week as volume is thinning out. However, the U.S. PCE report, due for release on Friday, could be worth watching as weaker-than-expected numbers could reinforce the dollar’s recent decline, whereas strong numbers could trigger a bullish reversal.

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.

www.maimar.co

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DAX At Record-High

December 7, 2023/in General News & Updates /by MaimarFX

The German DAX index continues to be the high-flyer despite ongoing weakness in Europe’s largest economy. And thus, we got what we were looking for: A breakout of the DAX’s resistance zone with a fresh record high at 16731. We hope that you too were able to pocket some good gains amid increased bullish momentum. As for potential pullbacks, a higher support could now come in at around 16400.

The U.S. dollar has moved slightly higher against other counterparts since moving rate cut expectations have weakened the euro. The Federal Reserve is now expected to cut rates by 125 bp next year, while the European Central Bank may cut to 150 bp in 2024.

Tomorrow, markets will turn their attention to the NFP report ahead of next week’s central bank decisions by the Fed, the ECB and the Bank of England.

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 7/12/23:

EUR/USD

Long @ 1.0780

Short @ 1.0740

GBP/USD

Long @ 1.2580

Short @ 1.2540

DAX® (GER40)

Long @ 16660

Short @ 16540

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.

www.maimar.co

Follow us on social media:

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Profitable Trading Start

December 5, 2023/in General News & Updates /by MaimarFX

Dear traders,

The week started very profitable with two take-profits in our sell orders in the EUR/USD and GBP/USD yesterday. We will therefore not reinvest that profit today. Elsewhere, the DAX fluctuated directionless sideways within its resistance zone. 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 5/12/23:

EUR/USD

Long @ 1.0880

Short @ 1.0785

GBP/USD

Long @ 1.2675

Short @ 1.2590

DAX® (GER40)

Long @ 16440

Short @ 16360

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.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram