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No Big Movements

Investors shrugged off the Federal Reserve’s dovish message and Treasury yields surged amid concern the Federal Reserve risks letting inflation accelerate. The U.S. dollar strengthened in response to rising yields.

Both of our currency pairs EUR/USD and GBP/USD trended lower Thursday but bearish momentum was not enough to trigger any significant downward move.

The current low-volatile market environment could persist given that there are no major risk events scheduled in the coming days, providing very little chances of profitable opportunities.

We will keep an eye on the technical picture in order to evaluate profitable chances.

EUR/USD: Watch out for an upside break above 1.20 and 1.2060 or on the bottom side, for a break below 1.1890.  A lower target is seen at 1.1810.

GBP/USD: There is nothing new to report while cable remains trading between 1.40 and 1.3780.

DAX: The index becomes vulnerable to a correction but as long as 14600-14550 holds, there is a chance of a bullish extension until 14880.

Have a good weekend.

 

We wish you good trades!

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No Major Movements Following The ECB Statement

And in the end, there was nothing to gain for traders on Thursday amid relatively lower readings of volatility in the market. While we had hoped for larger market movements, the ECB statement failed to trigger a major market response, dashing traders’ hopes for larger profits.

The statement was slightly more dovish than expected with the ECB coming up with a pledge to step up the pace of their PEPP bond purchases over the next quarter to keep rising yields from derailing the region’s economic recovery. As for inflation, President Christine Lagarde added that while inflation could hit 2 percent by the end of the year, the ECB will look through this.

The DAX briefly jumped to the upper bound of its recent consolidation range between 14600 and 14500 but no crucial price breakout followed.

The EUR/USD broke above 1.1960 but came under pressure following the ECB’s decision to step up the pace of its PEPP purchases. At the end of the day however, euro bulls cheered the slight upgrade in the near-term growth expectations with ECB officials agreeing that risks to the outlook have become more balanced. Bullish momentum was however not enough to push the pair above 1.1990 in the aftermath of the ECB decision day.

However, today is a new trading with new opportunities and next week we will have the Federal Reserve meeting with an update of its economic projections. So, we might get some interesting trading chances in the coming days.

We wish everyone good trades and a peaceful weekend!

 

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FX Pairs in Tight Trading Ranges

Looking back on the last trading days this week failed to provide traders with large weekly gains. Both EUR/USD and GBP/USD remained in tight price ranges, providing almost zero trading chances. The DAX on the other side provided some volatile movements but unfortunately not in favour of huge gains. However, we are patient and wait for better opportunities in the next week, or maybe even today. Let’s see.

EUR/USD: Above 1.2155 the euro could head for a test of 1.2175. Below 1.21, the pair may dip to 1.2060. Chances are slightly in favour of the bears.

GBP/USD: The pair started to correct recent gains and could be on its way towards 1.3760 and possibly even 1.37. For bullish action to gain traction we would need to see a renewed break above 1.3860. A higher target is seen at 1.3950.

Have a nice weekend everyone!

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

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Dollar Strength: Time for a Reversal?

The greenback continued its bullish move against the euro and British pound and sent EUR/USD and GBP/USD to fresh lows.

Is it now time for a reversal? Maybe, but this depends on the market’s risk appetite and some technical barriers.

EUR/USD: As anticipated, bearish action gained traction after the price fell below 1.2050 but now the focus turns to 1.2000, a crucial price level which could serve as a firm support. If the euro bounces off that level while bearish momentum fades, we could see a bullish reversal towards 1.21 in a first run. If 1.20 gives way to the bears, a next bearish target should be at 1.1950 and 1.1930. We bear in mind that the pair enters oversold territory increasing the chances for a bullish reversal in the near-term.

GBP/USD: The cable bounced off the 1.3610-support level and seems to be continuing its recent sideways movement. As long as the price holds above 1.3570, chances are in favor of a renewed test of the upper resistance zone around 1.3750. Below 1.3570 we may see a test of the lower support at 1.35.

DAX: After the index took out the 13800-barrier the focus now shifts again to the 14000-resistance. Above 14030 we may see a run for 14350. A current support is however seen at 13300.

 

We wish you good trades!

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New Wave Of Market Volatility To Spill Over Into FX?

Dear traders,

We welcome everyone to a new trading month with new challenges, new opportunities and hopefully good profits.

The Reddit-style enthusiasm from hordes of retail traders has unleashed an unprecedented rally in the market with a jump in demand for silver bars and coins over the weekend. Many retail investors could be motivated by this new market movement and traders should generally brace for further rallies. This new wave of volatility could also spill over into the currency market with the U.S. dollar possibly being a main beneficiary.

On the economic data front this week, we will have the Bank of England rate decision on Thursday, followed by the U.S. January payrolls report on Friday but these key events might take a backseat to volatile retail trading.

Let’s take a look at the technical picture:

EUR/USD

The euro fluctuated within a narrow price range but there are chances of upcoming price breakouts now. If the pair is able to overcome the 1.2150-mark, a next target will be at 1.22. Above 1.2225, we will focus on the 1.23-resistance. Looking for a bearish breakout, the price will need to fall below 1.21 with a lower target at 1.2050. Below 1.2040 we expect bearish momentum to increase towards 1.1950.

GBP/USD

The cable’s uptrend is still intact and sterling bulls should pay attention to a bullish breakout above 1.3760 which could push the cable higher towards 1.3870. A renewed break below 1.3660, on the other side, could lead to increased bearish momentum.

DAX

The index corrected some of its recent gains but remained within its primary uptrend. As long as the index remains above 13200 and more importantly above 13000, we expect the rally to continue with a near-term target at 13800. A renewed break above 14030 could lead to further gains towards 14400.

We wish you good trades!

Any and all liability of the author is excluded.

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Short Traders Profit Amid Increasing Risk Aversion

Dear traders,

Investors mulled the possibility that a U.S. fiscal-relief package might be delayed and the U.S. dollar advanced amid increasing risk aversion.

On the pandemic front, vaccine coverage won’t reach a point that would stop transmission of the virus in the foreseeable future, the World Health Organization said Monday.

Short traders in the EUR/USD, GBP/USD and DAX were able to take some profits with the DAX being the worst performer yesterday. The index dropped more than 3 percent to a low of 13600 and if there is a sustained decline below 13600, we brace for lower targets at 13450-13400 and 13300.

EUR/USD: After the pair failed to overcome the 1.22-mark, a correction was inevitable. Lower targets are now at 1.2050 and 1.1950, whereas on the upside we see a short-term resistance at around 1.2240.

GBP/USD: Traders should pay attention to price breaks either above 1.37 or below 1.36 which could invigorate fresh momentum.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

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Daily Forex Signals

Dear traders,

The euro did not surprise traders and rallied after the European Central Bank decided to keep interest rates and stimulus efforts unchanged. However, the 1.2170-mark proved to be challenging – as expected – and the euro bounced off that short-term resistance level.

As we wrote in yesterday’s post, chances are still in favor of the bulls but be careful – gains could be limited.

While maintaining the ECB’s stimulus after the December boost is good news, ECB President Christine Lagarde warned that the euro-area economy is headed for a double-dip recession.

The resilient euro doesn’t seem to confirm these warnings.

Have a beautiful and healthy weekend everyone!

Daily Forex 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

EUR/USD

Long @ 1.2180

Short @ 1.2135

GBP/USD

Long @ 1.3715

Short @ 1.3665

DAX® (GER30)

Long @ 13920

Short @ 13840

 

Results 2020:

December 2020: +318 pips

November 2020: +75 pips

October 2020: +432 pips

 

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

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Fokus auf Bidens Plan zum Covid-19 Rettungspaket

U.S. Präsident Donald Trump steht erneut ein Amtsenthebungsverfahren bevor infolge des Sturms auf das Kapitol am 6. Januar. Kurz vor dem Ende seiner Amtszeit am 20. Januar, ist Trump der erste Präsident in der U.S.-Geschichte gegen den zwei Amtsenthebungsverfahren eingeleitet wurden. Der Markt ignorierte derweil die Vorgänge in Washington denn der Fokus verbleibt weiterhin auf weiteren Wirtschaftsstimuli. Einem Bericht zufolge plant künftiger Präsident Biden ein Covid-19 Rettungspaket in Höhe von rund 2 Billionen U.S. Dollar. Biden wird erwartungsgemäß seine Pläne im Laufe des Tages vorlegen.

Der U.S. Dollar stieg leicht gegenüber anderen Gegenspielern, jedoch wurde die meiste USD Stärke gegenüber dem Euro gesehen, was den EUR/USD zurück zum jüngsten 1.2140-Support trieb. Je grösser der Stimulus Plan ausfällt, desto wahrscheinlicher sind höhere Treasury Renditen und dies könnte im Gegenzug den Dollar stützen.

EUR/USD: Fällt der Euro unter 1.2130, läge ein tieferer Support bei 1.2050. Auf der Oberseite hingegen, sollte der Euro es schaffen wieder über 1.2225 zu steigen, so wären weitere Gewinne in Richtung von 1.2350 denkbar.

GBP/USD: Der Cable stoppte seinen Anstieg bei 1.37, konnte sich jedoch über 1.36 stabilisieren. Solange das Paar oberhalb von 1.3570 verbleibt, stehen die Chancen günstig für Sterling Bullen. Ein Bruch unter 1.3530 auf der Unterseite könnte hingegen die Bärendynamik bis 1.34 verstärken.

DAX: Der Index fluktuierte innerhalb einer engeren Spanne zwischen 13980 und 13860. Heute am frühen Morgen wurde der 14000-Level wieder angetastet und solange der Kurs oberhalb von 13950 tendiert, könnten wir eventuell weitere Gewinne sehen.

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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 © 2021 MaiMarFX.

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Daily Forex Signals

Daily Forex 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

EUR/USD

Long @ 1.2180 Trade is in profit…

Short @ 1.2135

GBP/USD

Long @ 1.3480 Trade is in profit…

Short @ 1.3410

DAX® (GER30)

Long @ 13460 Trade has hit TP

Short @ 13290

 

Monthly results 2020:

November 2020: +75 pips

October 2020: +432 pips

 

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2020 MaiMarFX.

www.maimar.co

Follow us on social media:

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Brexit Saga geht weiter

Herzlich willkommen zur letzten ‚vollen‘ Handelswoche in 2020, welche unsere letzte sein wird vor der Feiertagssaison.

Das Britische Pfund eröffnete mit einem Aufwärts-Gap nachdem U.K. Premierminister Boris Johnson und Europäische Kommissionspräsidentin Ursula von der Leyen sich auf eine Fortsetzung der Brexit Gespräche einigten mit der Hoffnung doch noch eine Einigung in letzter Minute zu erzielen. Während sich die Aussichten auf einen Deal eingetrübt haben, zeigen sich Sterling Trader mittlerweile abgehärtet im Hinblick auf unzählige Deadlines, welche überschritten wurden und Last-Minute Gespräche rund ums Thema Brexit.

GBP/USD

Das Pfund eröffnete die Woche höher und wir richten unseren Fokus wieder auf die 1.34-Barriere. Die Kurse beschränken sich indes noch auf einen kurzfristigen Abwärtstrendkanal welcher weitere Abwärtsdynamik favorisiert – vorausgesetzt die 1.34-Marke stellt eine Herausforderung für Bullen dar. Nichtsdestotrotz raten wir Händlern im Pfund vorsichtig zu sein, denn die Kursentwicklung könnte chaotisch ausfallen solange die Brexit Saga fortgesetzt wird.

EUR/USD: Das Paar verblieb jüngst in einer Seitwärtshandelsspanne zwischen 1.2170 und 1.2060, jedoch stehen die Chancen immer noch zugunsten weiterer Bullendynamik. Solange sich der Euro oberhalb von 1.21 halten kann, fokussieren wir den 1.22-Level. Auf der Unterseite könnte ein Rutsch unter 1.2080 frische Bärendynamik gen 1.2030 auslösen.

DAX

Der Index konnte seine Verluste fast wieder vollständig gut machen nachdem es am Freitag bis zu einem Tief von 13006 ging. Wir konzentrieren uns jetzt auf den 13250-Bereich, welcher als Widerstand fungieren könnte. Ein oberer Ausbruch von 13300 würde weitere Bullendynamik begünstigen, wohingegen Bären auf einen erneuten Rutsch unter 13100 Acht geben könnten.

Gesprächsthemen diese Woche:

Die Federal Reserve trifft sich am Dienstag und Mittwoch und der Markt erwartet neue Angaben zum Stimulus und den weiteren Anleihekäufen. Die Fed wird ihre neuen Wirtschaftsprojektionen veröffentlichen, jedoch wird von einem vorsichtigen Tonfall ausgegangen, was den Ausblick im U.S. Dollar auf neutral einstuft.

 

  • Hier können Sie unseren Signal Service abonnieren

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 © 2020 MaiMarFX.

www.maimar.co

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