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All Eyes On The Fed

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Speculation that an impending economic slowdown will prompt central banks to switch back to looser monetary policy triggered a renewed surge higher in markets. The euro and DAX recovered recent losses while the U.S. dollar tumbled despite higher Treasury yields.

All eyes turn to the Federal Reserve rate decision today at 18:00 UTC and Chair Jerome Powell’s press conference 30 minutes later. The probability of a 25bp rate hike is around 75 percent. Sure is, that if the Fed puts the banking crisis ahead of inflation and rate increases, the dollar will go even lower. Traders should expect high volatility.

EUR/USD: Focus is on a break of 1.0810 that could send the euro towards a test of 1.09-1.0950. Above 1.0960 we will pay attention to the euro’s latest high at 1.1033. On the downside, we will watch out for a break below 1.0680 and further below 1.0650 in order to sell the euro towards 1.0550.

GBP/USD: The cable reversed shy of 1.23. If the resistance area around 1.2350 breaks to the upside, we could see another of 1.2450 with a potential breakout chance to the upside. Bears should watch out for prices below 1.21 in order to sell the pound towards 1.20 and 1.18.

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 22/3/23:

EUR/USD

Long @ 1.0780

Short @ 1.0735

GBP/USD

Long @ 1.2275

Short @ 1.2185

DAX® (GER40)

Long @ 15260*

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.

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 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.

Have a wonderful weekend!

Our trading ideas for today 17/3/23:

EUR/USD

Long @ 1.0670

Short @ 1.0610

GBP/USD

Long @ 1.2180

Short @ 1.2140

DAX® (GER40)

Long @ 15070

Short @ 14990

 

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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All Eyes On The Fed

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Today, the Federal Reserve’s first policy announcement of 2023 is due (19:00 UTC).

The markets are confident that the Fed will slow the pace of tightening from a 50bp increase to a 25bp rate hike. Given the market’s certitude, there is room for disappointment and thus for volatility in case of a repricing. The focus will also be on the duration of the rate hike regime. The market expects only one more rate hike in March, which would lift the terminal rate to a range of 4.75-5.00 percent. The Fed itself, however, projected a terminal rate range of 5.00-5.25 percent. Volatility lies thus within this disagreement.

Let’s be surprised. We wish you good trades for 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.

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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Look For Small Profits

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Welcome to a new trading week.

EUR/USD: As indicated last week, there was a bullish breakout pattern and bulls took advantage of this opportunity against the backdrop of a weakening U.S. dollar, driving the euro above the 1.08 threshold. We were able to pocket some good gains in the euro last week. Where could the euro be headed now? The euro has rallied strongly since September with little correction. However, since the markets never tend straight-lined in a particular direction, we expect a (necessary) correction soon. A current support could come in at around 1.06. However, if 1.08 holds, bulls would have to focus on a short-term target area at around 1.1180.

GBP/USD: Last week’s oscillations left much to be desired and unfortunately, there were more loss-making false breakouts than profitable price breakouts. But these phases are also part of day trading. Let’s see how it continues this week. Meanwhile, the upward trend is intact. Above 1.2350, we could see a retest of the 1.24 area which could result in an upward movement to 1.26. An important support is currently seen at 1.20.

DAX: The index showed its strength and took off the 15000-hurdle. A few good weekly gains were achieved last week. If the DAX remains above 14500, we are looking towards the 16000 threshold.

We do not expect high volatility at the beginning of the week. It is the Martin Luther King Day in the U.S. and the markets remain closed for the holiday. Traders should therefore focus on smaller profits.

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.

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2023 MaiMarFX.

www.maimar.co

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All Eyes On U.S. CPI

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Traders await the U.S. inflation data today at 13:30 UTC.

If CPI data shows a softening in inflation, it would be a stronger case for a smaller 25bp rate hike at the Fed’s next meeting in February. Nonetheless, Fed officials expect rates to remain above 5 percent for a long time- something the markets refuse to believe.

Our trading ideas for today 12/1/23:

EUR/USD

Long @ 1.0780

Short @ 1.0715

GBP/USD

Long @ 1.2180

Short @ 1.2130

DAX® (GER40)

Long @ 15010

Short @ 14930

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

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EUR/USD: Inverted Head-shoulder Pattern To Predict Further Gains?

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EUR/USD: Inverted head-shoulder pattern to predict further gains?

The euro held firmly above 1.05, exiting its primary downtrend channel, and is now flirting with the upper 1.07-area. Will we see a next leg up towards 1.12 or possibly 1.14? Chances for a bullish breakout increase as long as the common currency remains above 1.0450 and climbs above 1.08.

For the sentiment to shift from bullish to bearish, however, we must see a fall below 1.03.

Next interesting data release will be tomorrow’s U.S. CPI which could set the tone for the coming days.

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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Profitieren mit den Bullen

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Der Aufwärtstrend am Markt hielt aufgrund der nachlassenden Nachfrage nach sicheren Häfen an. Der U.S. Dollar gab am dritten Tag gegenüber den meisten seiner wichtigsten Gegenwährungen nach. Wir konnten im Rahmen der laufenden Rallye profitieren. Neben unseren Day-Trading-Signalen und aufgrund der gestrigen Chancen auf einen weiteren Aufwärtsausbruch gingen wir beim EUR/USD bei 1,0503 sowie beim GBP/USD bei 1,2193 Long-Positionen ein. Die endgültigen Take-Profits sind auf 100 Pips festgelegt, aber wir haben heute Morgen bereits einen großen Teil beider Positionen im Gewinn geschlossen.

Die nächste Woche wird sehr volatil werden, denn es stehen mehrere hochkarätige Risiko Ereignisse an.

Bis wir in den Startlöchern für die nächste Woche stehen, wünschen wir Ihnen also ein erholsames und friedliches 3. Advents Wochenende.

Unsere Handelsideen für heute, den 9.12.22:

EUR/USD

Long @ 1.0590

Short @ 1.0520

GBP/USD

Long @ 1.2280

Short @ 1.2230*

DAX® (GER40)

Long @ 14340

Short @ 14270

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.

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.

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 © 2022 MaiMarFX.

www.maimar.co

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Dovish Tilt

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The U.S. dollar sold-off after Federal Reserve Chair Jerome Powell signaled the central bank will slow the pace of interest rate increases this month. Following four straight 75bp rate hikes, the Fed is expected to raise rates by 50bp when they meet December 13-14.

Even if Powell reiterated that rates will be going higher, the slowdown in the Fed’s rate hike path was interpreted as a dovish tilt by markets.

Regarding rate hikes, “we think that slowing down at this point is a good way to balance the risks” to the economy from inflation and slower growth, Powell said. As for the high inflation Powell added that “despite the tighter policy and slower growth over the past year, we have not seen clear progress on slowing inflation.”

Today, traders will pay attention to the PCE index due for release at 13:30 UTC.

From a technical view it seems as if there is room for another upward movement in both EUR/USD and GBP/USD.

EUR/USD: Higher targets are seen at 1.05 and 1.0580 while 1.03 could act as a support.

GBP/USD: Above 1.19, we favor the uptrend with a next target at 1.2250.

Our trading ideas for today 1/12/22:

EUR/USD

Long @ 1.0475

Short @ 1.0440*

GBP/USD

Long @ 1.2125

Short @ 1.2085*

DAX® (GER40)

Long @ 14580

Short @ 14470

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 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

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Focus On Powell Speech

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Federal Reserve chair Jerome Powell will give a speech today at 18:30 UTC at the Brookings Institute. His speech with the title Economic Outlook, Inflation, and the Labor Market comes just before the release of the latest U.S. inflation and jobs data. Powell is expected to confirm expectations the Fed will slow its pace of rate hikes next month, even though the fight against inflation is not over yet. If Powell, however, states that interest rates will need to remain elevated for longer to counter high inflation, the U.S. dollar will push higher again.

Our trading ideas for today 30/11/22:

EUR/USD

Long @ 1.0380

Short @ 1.0310

GBP/USD

Long @ 1.1990

Short @ 1.1930

DAX® (GER40)

Long @ 14440

Short @ 14390

Settings for all trades today: Entries from 8:00 am UTC, SL 25

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 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

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Fed Decision: Is ‘Dovish Tightening’ A Done Deal?

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It’s decision day at the Federal Reserve. A quarter-point rate increase is widely expected, the first since 2018. The market’s focus will be on the Fed’s dot plot and if the dot plot projects more than six interest hikes this year, it would be a hawkish signal, resulting in a stronger U.S. dollar.

However, this decision is a tricky one for Fed Chair Jerome Powell since FOMC members have expressed divergent views especially against the background of uncertainties facing the global economy because of Russia’s invasion of Ukraine. Having mischaracterized inflation as “transitory” until November, the Fed would now have to signal an aggressive rate hike cycle that would have to start with an increase of at least 50bps today to regain some of its lost credibility. However, being an aggressive hawk is not an easy approach as it risks sending the U.S. economy into recession.

The other option, and possibly the more likely scenario today, is “dovish tightening”. A 25bps rate hike and language about maximum policy flexibility on further rate hikes and on the balance sheet.

Whatever the Fed will decide, traders brace for heightened volatility around the decision and press conference at 18:00/18:30 UTC.

EUR/USD – Potential bear-flag to signal further losses ahead?

We are bracing for another leg-down towards 1.07, provided that the euro remains below 1.1060 and breaks below 1.0920. Bulls, in the short-term, will watch for prices above 1.1020 in order to buy euros towards 1.1060 and possibly even 1.11, but be warned, sellers may take the opportunity to jump in at higher price levels.

Our trading ideas for today 16/3/22:

EUR/USD

Long @ 1.1010, Short @ 1.0940 (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 2022 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

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Instagram