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Will The DAX Break Above 19700?

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Welcome to the final trading month of the year.

The Federal Reserve is still expected to cut interest rates by 25bp at the Fed’s final meeting for the year on December 18. Investors are bracing for a potentially slower pace of rate cuts in 2025 amid still sticky inflation and expectation of inflation in the long term under Trump’s protectionist policies. However, economists still see a generally stronger U.S. dollar given the continued resilience of the U.S. economy and a worsening outlook elsewhere.

This week’s focus will be on Friday’s nonfarm payrolls data for November.

As for Europe, political uncertainty in France is weighing on the euro. Investors wait to see if France’s government can survive the week intact.

EUR/USD: Dipping again back below 1.0490 could see another leg down towards 1.0350.

On December 12, the European Central Bank is seen cutting rates, with an even 27 percent chance ECB policy makers might ease by 50bp.

DAX: Will the Index break the 19700-mark? We see a current support at 19400 and as long as the DAX can hold above this threshold we anticipate an upside breakout above 19700.

 

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

Euro And Cable: U.S. Dollar Correction Ahead?

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We saw a strong U.S. dollar rally following the U.S. election but a correction seems to be inevitable now, which is why caution is warranted when chasing the current rally much further. However, the overall momentum remains bearish in both currency pairs and with the incoming U.S. President Donald Trump policy mix, the markets will probably favor a strong dollar.

We have penciled in the next lower targets in both EUR/USD and GBP/USD.

EUR/USD: The euro dropped until the crucial support at 1.05 from where it took a breather. Since the 1.05 area is seen a strong support, we marked a next lower target at 1.0460 but remain cautious in terms of further lower targets for now. On the upside, an important resistance is seen at 1.0770.

GBP/USD: Remaining below 1.27 would see increased odds for a further leg down towards 1.23 and probably even 1.20. If the cable is, however, able to stabilize above 1.28, the trend would return to neutral.

 

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

Trump Victory Likely

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Donald Trump is now expected to win the U.S. election and the U.S. dollar strengthens.

Our last sell order in the EUR/USD was stopped out with a profit of 50 pips this morning. Currently we still have an open sell order in the GBP/USD. 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 6/11/24:

EUR/USD

Long @ 1.0760

Short @ 1.0725

GBP/USD

Long @ 1.2880

Short @ 1.2840

DAX® (GER40)

Long @ 19470

Short @ 19230

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

Schnallen Sie sich an für die bevorstehende Wahlnacht

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Nur noch eine weitere Handelssitzung vor Dienstag, wenn die US-Wähler ihren nächsten Präsidenten wählen. Die Händler stehen in den Startlöchern für eine lange und volatile Wahlnacht morgen doch der Gewinner könnte erst Tage nach Ende der morgigen Abstimmung feststehen.

Die Umfragen deuten auf ein enges Rennen zwischen Donald Trump und Kamala Harris hin, und solange sich kein klarer Spitzenreiter abzeichnet, tendiert der US-Dollar zur Schwäche. Auch die schwächer als erwartet ausgefallenen US-Arbeitsmarktdaten vom vergangenen Freitag haben die Wetten auf eine Zinssenkung durch die Federal Reserve gestärkt und schwächen somit den Dollar. Es wird erwartet, dass die Fed die Zinsen am Donnerstag um 25 Basispunkte senkt.

Was den Ausgang der US-Wahl betrifft, so wird allgemein davon ausgegangen, dass ein Sieg Trumps positiv für den Dollar sein wird. Die größte Auswirkung auf den Markt hätte jedoch eine Trump-Präsidentschaft mit voller Kontrolle über den Kongress. Ein Sieg von Harris und ein gespaltener Kongress würden wahrscheinlich zu einem Ausverkauf des US-Dollars führen.

Wir wünschen allen für morgen und die kommenden Tage sehr profitable Trades. Wir werden am Dienstag wieder Handelssignale veröffentlichen.

 

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 © 2024 MaiMarFX.

www.maimar.co

Fasten Your Seatbelts For A Volatile Election Night

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It’s one more trading session before Tuesday as U.S. voters choose their next president and traders are in the starting blocks for a long and volatile election night tomorrow. However, the winner might not be known for days after tomorrow’s voting ends.

The polls signal a tight race between Donald Trump and Kamala Harris and as long as there is no signal for a clear leader, the U.S. dollar tends to weaken. Also, a softer-than-expected U.S. nonfarm payrolls reading last Friday buoyed Federal Reserve rate cut bets and thus, weakens the greenback. The Fed is expected to cut rates by 25bp on Thursday.

Regarding the outcome of the U.S. election, it is widely considered that a Trump win will be positive for the dollar. The most impactful outcome for the market, however, would be a Trump presidency with full control of the Congress. A Harris win and a split Congress would likely result in a U.S. dollar sell-off.

We wish everyone very profitable trades for tomorrow and the days ahead. We will be publishing daily trading signals Tuesday.

 

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

The U.S. Election Countdown – What To Expect

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The market’s momentum now appeared to be somewhat stalling, as anticipation of the upcoming U.S. presidential election (November 5) and the Federal Reserve meeting (November 6-7) kept investors wary.

We will see increased volatility in the coming weeks!

! Upcoming U.S. elections (November 5)

The dollar has historically flexed its muscles in the run-up to U.S. elections, driven by rising safe-haven demand amid uncertainty about the election outcome—a pattern that could repeat itself in the coming weeks.

U.S. election countdown:

A Trump victory is likely boosting the greenback initially, while a Harris win may trigger short-term weakness, but experts warn against betting that any immediate post-result move will likely continue into 2025.

A Republican clean sweep, which smooths the path for more fiscal stimulus is seen as the most bullish for the greenback in the short term. In regard to monetary policy, Trump’s core policies on tariffs, immigration, and taxes would produce a more inflationary outlook in the U.S., diminishing prospects for aggressive Federal Reserve rate cuts over the cycle.

In the event of a divided government, a Trump presidency would still likely trigger an initial dollar rally but this scenario lacks the fiscal easing expectations that a clean sweep would bring.

A Democratic clean sweep, however, could lead to a “sling-shot path” for the dollar, with initial weakness potentially reversing in 2025 as markets price in different forms of fiscal stimulus.

A Harris presidency with divided government is viewed as the ultimate “status-quo outcome” and might see some initial dollar weakness but would likely not have lasting implications for the currency.

 

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

Pivotal Week

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Welcome to a new and pivotal trading week.

Markets started this new week relatively unimpressed after another assassination attempt on former U.S. President Donald Trump at his Florida golf course. Trump was unharmed while the suspect is in custody.

On Wednesday, the Federal Reserve is widely expected to cut interest rates for the first time in more than four years by at least 25 basis points. Investors are however focused on what will happen after the FOMC announcement

There is now growing anticipation for more aggressive rate cuts later in the year and early 2025, especially after a Fed official floated the idea of “front-loading” cuts. But with US data weakening, crude oil prices falling, and the Fed turning dovish, the EUR/USD currency pair forecast remains moderately bullish unless we see other major surprises.

The Bank of England is also due to decide on monetary policy this Thursday but it is expected to stand pat for now.

EUR/USD: The euro remains captured between 1.11 and 1.10 for now. A break above 1.1110 could prompt bulls for a test of 1.1150 but price action might remain sluggish until Wednesday evening.

GBP/USD: We expect the pair to remain trading between 1.32 and 1.30 in short-term time frames. Above 1.3210, bulls may push for a test of 1.33.

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

Markets To Digest Trump Attack

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Both euro and British pound opened lower this week as markets have to digest the attack on presidential candidate Donald Trump on Saturday. Uncertainty over the political situation in the U.S. weigh on the market’s risk appetite, which is why traders should brace for corrections.

The focus now turns to Trump’s first public appearance after the attempted assassination, which is expected to be at the Republican convention in Milwaukee later this week.

On the economic docket, the main focus will be on inflation reports from the UK and the Eurozone and on the European Central Bank rate decision on Thursday. The ECB is expected to leave interest rates unchanged at this month’s meeting but will likely give the market further guidance on a potential rate cut in September.

EUR/USD: The euro rose until a high of 1.0911. A next crucial hurdle comes in at around 1.0950-60 and in terms of new buying attempts we urge caution unless the higher barrier is significantly breached to the upside. A current support is now seen at 1.08.

GBP/USD: The pound sterling enjoyed lofty highs and flirted with the 1.30-resistance last week. Whether we see an upside break above 1.30 remains to be seen and hinges on the market’s risk appetite. A next higher target is seen at 1.3150. However, in the event of a correction, we see the 1.2750-area as a crucial support zone that could attract new buyers.

We entered the summer doldrums which is why we may face quieter trading conditions. Therefore, we will not invest much, trade with smaller positions and don’t trade every day.

 

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

Pound Trades Resiliently Amid Brexit Headlines

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Dear traders,

We welcome you to a new trading week.

Traders of the GBP/USD have been on a roller-coaster ride Friday with the pound failing to find a clear direction and trading choppily between 1.2963 and 1.2863.

The British pound was resilient to negative Brexit headlines after negotiations over a Brexit deal have stalled with Boris Johnson announcing on Friday that he will focus on preparations to leave the EU’s single market and customs union at the year-end without a trade deal. End of October/ Early November is the last likely moment a deal can be struck and implemented until year-end.

With 15 days to go until the U.S. election, polls show increasing odds of a Democratic sweep and the market thus sees increasing chances of larger economic stimulus. The upcoming election will determine main market moves and if polls suggest a too-close-to-call election volatility will rise quickly.

The final presidential debate before the U.S. election, between President Donald Trump and Joe Biden, will be live from Nashville, Tennessee on Thursday.

 

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2020 MaiMarFX.

www.maimar.co

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Dollar Slips On Trump Comments

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Dear Traders,

Despite a relatively quiet start to the new week, buyers in both EUR/USD and GBP/USD were able to book some profit.

During the Asian session we saw the U.S. dollar extending its slide against its major peers after comments from U.S. President Donald Trump who said that he was “not thrilled” with Federal Reserve Chairman Powell’s raising of interest rates. Trump said the Fed should be more accommodating on rates helping him to boost the economy. Consequently, the dollar gave up some of its gains, pushing other counterparts higher in return.

Whether this could be the end of the dollar’s summer rally remains to be seen and hinges on trade talks between China and the U.S. as well as on the Fed’s point of view in terms of tighter monetary policy.

 

Announcement: MaiMarFX’s Chief Currency Strategist will commence her maternity leave in a few weeks. There will be no signal service while she remains on maternity leave. Daily analysis and signals will be paused until the end of the period of maternity leave.

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We wish you good trades and many pips!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2018 Maimar-FX.

www.maimar.co