Posts

Fasten your seatbelt for another volatile week

/in /by

Dear Traders,

The recent trading days have been very profitable for traders due to high volatility amid concern over China and global uncertainty. Given this week’s major risk events, volatility is likely to persist, providing traders new chances for some profitable moves.

While the divergence in monetary policy between the European Central Bank and the Federal Reserve should determine the market’s price action, the focus will be on the U.S. Non-Farm Payrolls report on Friday. The monthly job report could be a key factor for the Fed’s decision to raise rates in September. If there is a solid job growth with payrolls exceeding 200k and average hourly earnings moving up, the Fed could hike rates on their next FOMC meeting despite global turmoil. Nonetheless, investors have reduced the probability of a Fed move next month.

An important indicator before payrolls are due for release will be the ISM Manufacturing index, scheduled for release on Tuesday.

The European Central Bank will announce its monetary policy decision on Thursday. Moreover, ECB president Mario Draghi will present the quarterly economic forecasts at the press conference. Market participants are looking for further easing to be announced before year-end.

It should be an interesting week for traders and regardless of which way the financial markets move, we will try to gain a nice profit in either direction.

The week starts off with important data releases such as Eurozone Consumer Prices at 9:00 GMT.

EUR/USD

We see the euro currently trading between 1.13 and 1.12. If the currency pair is able to break significantly above 1.13, chances are that it heads for a test of 1.14. Below 1.12 we favor a bearish stance but note that the support line could still act as a small hurdle for euro bears.

Chart_EUR_USD_Hourly_snapshot31.8.15

Daily Forex signals:

View our daily signal alerts https://www.maimar.co/category/daily-signals/

Subscribe to our daily signal service https://www.maimar.co/signals/

We wish you good trades and many pips!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2015 Maimar-FX.

www.maimar.co

 

 

Will today’s economic data push the euro towards $1.15?

/in /by

Dear Traders,

the U.S. dollar traded lower against the euro and British Pound, as a result of a “patient” Federal Reserve. The Fed has made it clear that there is no rush to raise rates in the next couple of months and also the Eurozone’s concerns about a Greek default are off the table, at least for the short term.

Yesterday afternoon, ECB President Mario Draghi expressed optimism when he said that stimulus starts to a have positive impact on growth. His comments suggest that the ECB may no longer be looking to increase stimulus in the near term.

On the bottom line, there are chances that the euro is prime for a test of 1.15.

While the euro continued to trade sideways within narrow ranges, the British Pound broke above 1.55. We expect further strength up to 1.5585. With a significant break above 1.56 sterling could make its way towards 1.5750.

Today, there is a bunch of important economic data scheduled for release. A decline in U.S. Consumer Prices and Durable Goods Orders could lead to further losses in the USD.

9:55 EUR German Unemployment Data

10:30 UK GDP

14:30 USA Consumer Prices & Durable Goods Orders

timezone: UTC+1

We wish you a good trading day!

Daily Forex Signals:

EUR/USD

Long @  1.1387                   SL           25           TP 20, 50

Short @ 1.1335                   SL           25           TP 30 -40

GBP/USD

Long @  1.5565                   SL           25           TP 20, 40

Short @ 1.5490                   SL           25           TP 20, 40

Daily Signal- performance in pips:

January 2015: EUR/USD: +240 pips, GBP/USD: +200 pips

December 2014: EUR/USD: +405 pips, GBP/USD: +230 pips

November 2014: EUR/USD: + 135 pips, GBP/USD: + 190 pips

October 2014: EUR/USD: + 255 pips, GBP/USD: +390 pips

September 2014: EUR/USD: + 336 pips, GBP/USD: + 424 pips

 

Signal success rate: EUR/USD: 69 %, GBP/USD: 65 %

February 2015

  • EUR/USD: +320  pips
  • GBP/USD: +115  pips

 

Trading Management via email support (Trailing Stops, Risk-/Money Management per trade and Strategy) is only offered to our signal subscribers. Our daily signals will be sent from Mon-Fri at 8:15 (UTC +1) to all subscribers.

https://www.maimarfx.com/signals/

We wish you good trades and many pips!

Please be advised that we are not registered as a forex broker-dealer or an investment adviser. We are neither licensed nor qualified to provide investment advice.

Our daily signals are neither an offer nor a recommendation to buy or sell any of the currency pairs EUR/USD or GBP/USD. The signals are purely hypothetical and have only been prepared for informational and educational purpose and are not intended to be used as a complete source for any trading decision.

Trading may involve significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Any opinions, news, research, analyses, performance strategies, prices, charts or other information are not necessarily predictive of any particular result and do not constitute advice. Past performance is no indication of future results.

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2015 Maimar-FX.

www.maimarfx.com

 

Forward Guidance

/in /by

Dear Traders,

defining its up-trend, the Euro climbed until 1.3900 last week. Maybe shortly we will see the 1.4000 level. Consolidations can be expected  until 1.3825 and 1.3750, from where we can find new profitable long entries.

The European Central Bank and the Bank of England have pledged to hold down their interest rate to spur the economy.

ECB president Mario Draghi has pledged to keep borrowing costs “at present or lower levels for an extended period of time”, the so called “Forward Guidance”.

Also the British Pound is trading at its heights. A possible sustainable break over 1.6800 could lead the pair until the level of 1.7000, but if it is not able to break its resistance we expect a drop until 1.6640 and further 1.6500.

The new week starts quiet, do not take too much risk. Trade with a smaller position and let’s see how this week is going on.

As always we wish you many profitable trades and a nice week!