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Euro Falls To Two-Year Low

On Friday we saw a sharp downside breakout in the EUR/USD that has sent the currency pair as low as 1.0332 from where it swiftly recovered back to the former support at 1.05.

Some of the reasons for the euro’s downside was the escalation in the Russia-Ukraine war ahead of potential Trump-led ceasefire discussions in January 2025 while another reason for the slump was weak data illustrating the weak state of the eurozone economy.

If the euro falls back below 1.04, we see a next lower target at 1.0220. On the other side, if the pair is able to stabilize above 1.0550 again, we see increased chances for a correction towards 1.06 and 1.07.

 

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?

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

ECB Decision: Dovish Surprise?

The U.S. dollar was on the front foot, having scaled an 11-week top against a basket of peers yesterday. The EUR/USD fell towards 1.0850 while the GBP/USD dropped below 1.30.

The greenback has not only drawn support from better-than-expected U.S. economy data which caused traders to scale back their expectations of Federal Reserve rate cuts, but also on the possibility of a victory by Republican presidential candidate Donald Trump at the looming U.S. election.

Today we have the European Central Bank decision in focus where policy makers are expected to deliver another rate cut. The big question is however, whether the ECB could hint at cutting rates faster-than-expected through next year. In case of a dovish ECB surprise today, the downside momentum in the EUR/USD will accelerate. While a 50bp rate cut remains an outside bet, ECB president Christine Lagarde could signal, that more stimulus might be needed to help the region’s slowing economy. This would trigger more downside potential.

EUR/USD: Technically, a dovish surprise would see a dip towards the lower support area at 1.08-1.0780.

The ECB decision is scheduled for 12:15 GMT, followed by the press conference 30 minutes later.

Let’s be surprised.

 

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

Our Trading Ideas 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.

Our trading ideas for today 9/10/24:

EUR/USD

Long @ 1.0985

Short @ 1.0935

GBP/USD

Long @ 1.3115

Short @ 1.3080

DAX® (GER40)

Long @ 19130

Short @ 19030

Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 20-30

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

Bullish Momentum Continues

EUR/USD: The euro broke above 1.1190 and we are now waiting for a sustained breakout above 1.1210 in order to go for 1.1270 and further 1.13. A current support is however seen at 1.11.

GBP/USD: The cable was able to stabilize above 1.34 following accelerated bullish momentum. Traders now eye the 1.3480-1.35 area as a next higher target while a higher support is seen at around 1.33 now.

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 25/9/24:

 

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

ECB Decision: Will The Euro Dip Below 1.10?

The U.S. dollar sharply accelerated after yesterday’s hotter-than-expected U.S. inflation data and sent the EUR/USD to a test of the next lower support at 1.10, whereas the GBP/USD fell towards 1.30. The U.S. CPI report was the final significant data release before next week’s FOMC meeting where policymakers are expected to stick with the smaller 25bp rate cut.

Today we have the European Central Bank decision and ECB policymakers are unlikely to accelerate interest rate cuts in response to the weakening eurozone economy. The ECB is widely expected to implement a 25bp rate cut today.

Given the sluggish EU economy it is not looking very rosy for the euro but from a technical perspective, the recent short-term uptrend in the EUR/USD has not yet ended. Only a break below 1.0950 and further 1.09 will draw a different picture and will shift the outlook back to neutral in short-term time frames.

EUR/USD: A crucial support is seen around 1.0950 which could stop the euro from falling further. On the upside, the 1.11 hurdle will be interesting to watch and price breaks above 1.1110 and 1.1160 could reactivate bullish momentum.

 

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 12/9/24:

EUR/USD

Long @ 1.1060

Short @ 1.1015

 

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

Expect No Fireworks At The ECB Decision

A weakening U.S. dollar has helped both euro and pound sterling to move higher.

Also, BoE rate cut expectations have been pushed back to September as UK inflation remains sticky at 3.5 percent. The GBP/USD rose to a high of 1.3045 and as long as the pair can hold above the crucial 1.30-threshold, the next higher target at 1.3140 could be within reach.

Today, the European Central Bank will decide on its monetary policy but no rate cuts are expected from the ECB this month. Traders thus expect the euro to remain supported against the greenback and brace for higher targets at 1.0960 and 1.0980.

However, traders shouldn’t expect any fireworks today after the ECB has only delivered its first rate cut last month and with ECB President Christine Lagarde saying there will no pre-commitment to a particular rate path. Of course, we will watch out for clues about a next move but we don’t expect too much today.

 

During summer doldrums 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.

Our trading ideas for today 18/7/24:

EUR/USD

Long @ 1.0965

Short @ 1.0885

 

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 2024 MaiMarFX.

www.maimar.co

Märkte müssen Trump-Attentat verdauen

Sowohl der Euro als auch das britische Pfund eröffneten diese Woche schwächer, da die Märkte den Angriff auf den Präsidentschaftskandidaten Donald Trump am Samstag verdauen müssen. Die Unsicherheit über die politische Lage in den USA belastet die Risikobereitschaft der Märkte, weshalb sich Händler auf Korrekturen einstellen sollten.

Der Fokus liegt nun auf Trumps erstem öffentlichen Auftritt nach dem Attentat, der voraussichtlich Ende dieser Woche auf dem Parteitag der Republikaner in Milwaukee stattfinden wird.

Auf dem Wirtschaftskalender wird das Hauptaugenmerk indes auf den Inflationsberichten aus dem Vereinigten Königreich und der Eurozone sowie auf der Zinsentscheidung der Europäischen Zentralbank am Donnerstag liegen. Es wird erwartet, dass die EZB die Zinssätze auf ihrer Sitzung in diesem Monat unverändert lässt, dem Markt aber wahrscheinlich weitere Hinweise auf eine mögliche Zinssenkung im September geben wird.

EUR/USD: Der Euro stieg bis auf ein Hoch bei 1,0911. Die nächste entscheidende Hürde liegt bei etwa 1,0950-60, und wir raten bei neuen Kaufversuchen zur Vorsicht, solange die höhere Barriere nicht signifikant nach oben durchbrochen wird. Eine aktuelle Unterstützung wird momentan bei 1,08 gesehen.

GBP/USD: Das Pfund Sterling erlebte in der vergangenen Woche einen Höhenflug und flirtete mit dem 1,30-Widerstand. Ob wir einen Ausbruch über 1,30 nach oben sehen werden, bleibt abzuwarten und hängt von der Risikobereitschaft des Marktes ab. Ein nächstes höheres Ziel wird bei 1,3150 gesehen. Im Falle einer Korrektur sehen wir jedoch den Bereich um 1,2750 als wichtige Unterstützungszone, die neue Käufer anziehen könnte.

 

Wir befinden uns in der Sommerflaute, weshalb wir mit ruhigeren Handelsbedingungen rechnen müssen. Daher werden wir nicht viel investieren, mit kleineren Positionen handeln und nicht jeden Tag traden.

 

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.

Copyright © 2024 MaiMarFX.

Markets To Digest Trump Attack

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

Euro mit Rückenwind

Der US-Dollar verlor gegenüber dem Euro und dem britischen Pfund an Boden. Der Euro und das britische Pfund verzeichneten in der vergangenen Woche eine beeindruckende Aufwärtsbewegung gegenüber dem Greenback. Dem EUR/USD gelang es, über 1,08 zu klettern, während sich das Pfund mit einer starken Aufwärtskerze bei 1,28 festsetzte. Auch die Bullen im DAX wurden belohnt, da der Index stark über 18600 stieg, obwohl nach dem starken Anstieg eine Korrektur folgte.

Wochencharts EUR/USD und GBP/USD:

Was den U.S. Arbeitsmarktbericht vom vergangenen Freitag betrifft, so gehen Analysten davon aus, dass es nur noch eine Frage von ein oder zwei Monaten ist, bis wir einen Rückgang der US-Beschäftigung sehen, der für die Federal Reserve wichtig sein wird, um den Zinssenkungszyklus einzuleiten. Der US-Arbeitsmarktbericht lag leicht über den durchschnittlichen Erwartungen, aber das Gesamtbild des Arbeitsmarktes scheint deutlich angespannter zu sein als zuvor angenommen. Kurz gesagt, der aktuelle Bericht war mäßig negativ für den Greenback.

Der Euro eröffnete heute mit einer kleinen Lücke, nachdem die französischen Wahlen einen überraschenden Sieg der Linken ergeben hatten. Die Marktteilnehmer sehen einen Sieg der Linken als euro-positiv an. So stabilisierte sich der Euro oberhalb von 1,08 und steuerte darauf zu, die Eröffnungslücke zu schließen.

Diese Woche wird der Fed-Vorsitzende Jerome Powell am Dienstag und Mittwoch vor dem Bankenausschuss des Senats aussagen. Eindeutige Äußerungen über den Verlauf des Zinszyklus könnten den Dollar in Schwung bringen, aber die Erwartungen liegen bei Zinssenkungen im Wert von 50 Basispunkten im Jahr 2024.

Am Donnerstag könnten die Ergebnisse der VPI-Daten aus den USA noch wichtiger sein. Eine weitere Verlangsamung der Inflation wird den US-Dollar belasten.

 

Wir sind in die Sommerflaute eingetreten, weshalb wir mit ruhigeren Handelsbedingungen rechnen müssen. Daher werden wir nicht viel investieren, mit kleineren Positionen handeln und nicht jeden Tag traden.

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.

Copyright © 2024 MaiMarFX.

www.maimar.co