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Policymakers Find Themselves In A Dilemma

Yesterday we saw how the market reacts when panic sets in. Panic about a new banking crisis, panic about deposits at Europe’s largest banks. After the collapse of Silicon Valley and Signature Bank in the USA, Credit Suisse is also in a fragile position. Investors fear a domino effect on other banks and fled into reserve currencies such as the U.S. dollar. Nevertheless, even the greenback will not be safe in the event of a system crash.
Policymakers are in a dilemma. Inflation is not abating because there has been too much fiat money in circulation in recent years, provided by governments to support struggling economies. This money is not tied to the price of a commodity, so there is too much money on too few goods. Thus, years of ultra-loose monetary policy are inevitably the cause of inflation. Monetary authorities are now trying to curb the rate of inflation with restrictive measures such as interest rate hikes, but in the process, they are adding fuel to the fire.  Higher interest rates mean that companies are having difficulty borrowing money from banks or servicing loans. This in turn forces companies to cut jobs because they are no longer solvent. And there we have stagflation, a stagnation of the economy with simultaneous demonetization. In the worst-case scenario, this will lead to a recession and a liquidity crisis for the banks and thus, as with the SVB, to a collapse.

In short, the only solution would be a return to an accommodative monetary policy, the price of which would be inflation that no one would be able to contain. In the worst case, which no one wants to talk about, the Western financial system could come to an end.

It remains to be seen whether policymakers will pull another wild card for their battered system.
At 13:15 p.m. today, we will learn from the European Central Bank by how many basis points the key interest rate will be raised again. Expectations tended to a hike of 50 basis points, but after all the turmoil of recent days traders are now betting on a smaller 25bp increase. A smaller rate hike would be neutral to bearish for the euro.
EUR/USD: We will pay attention to price breakouts either above 1.0810 or below 1.0480.

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

Volatility is expected around the U.S. CPI release today at 12:30 UTC.

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 14/3/23:

EUR/USD

Long @ 1.0730

Short @ 1.0680*

GBP/USD

Long @ 1.2185

Short @ 1.2130

DAX® (GER40)

Long @ 15060

Short @ 14940

 

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.

Monthly results 2023:

February 2023: +475 pips

January 2023: +123 pips

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

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 9/3/23:

EUR/USD

Long @ 1.0610

Short @ 1.0525

GBP/USD

Long @ 1.1880

Short @ 1.1830

DAX® (GER40)

Long @ 15660

Short @ 15590

 

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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Was steht diese Woche an?

Was steht fundamentaltechnisch diese Woche alles an?

Der Vorsitzende der Federal Reserve, Jerome Powell, wird am Dienstag und Mittwoch seine halbjährliche Anhörung vor dem Kongress abhalten. Seine Äußerungen werden im Hinblick auf die Zinserwartungen der Fed genau beobachtet werden. Der US-Dollar wird steigen, wenn Powell von weiteren Zinserhöhungen spricht.

Am Freitag wird erwartet, dass die US-Arbeitsmarktdaten im Februar einen Rückgang der Neueinstellungen zeigen werden. Sollte es jedoch zu einer weiteren positiven Überraschung kommen, steht die Tür für einen stärkeren Greenback offen.

DAX: Schließlich kam es zu einem Kursausbruch, allerdings nicht wie ursprünglich erwartet nach unten, sondern nach oben und in Richtung eines Tests der 15650-60 Region – dem jüngsten Widerstandsbereich.

EUR/USD: Das Paar blieb in einer engen Handelsspanne, wobei eine wichtige Unterstützung weiterhin bei etwa 1,05 liegt, während ein aktueller Widerstand bei 1,07 zu sehen ist. Das nächste risikoreiche Ereignis für den Euro wird die EZB-Entscheidung in der kommenden Woche (16. März) sein.

GBP/USD: Die Unterstützung bei etwa 1,19 hat sich bisher als stabil erwiesen. Sollten die U.S. Arbeitsmarktdaten am Freitag unter den Erwartungen liegen, könnte dies zu einer positiven Entwicklung des Pfunds führen.

Unsere Handelsideen für heute, den 6.3.23:

EUR/USD

Long @ 1.0660

Short @ 1.0620

GBP/USD

Long @ 1.2060

Short @ 1.2020

DAX® (GER40)

Long @ 15630*

Short @ 15580

Einstellungen für alle Trades heute: SL 25, TP 40

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.

 

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What’s In Store For This Week?

What will be important on the fundamental docket this week?

Federal Reserve chair Jerome Powell will deliver his semi-annual testimony to lawmakers on Tuesday and Wednesday. His remarks will be closely watched in terms of Fed rate expectations. The U.S. dollar will rise if Powell continues to talk up further rate hikes.

On Friday, the U.S. Payrolls are expected to show slower hiring in February. However, if we see another upside surprise, the door will be open to a stronger greenback.

DAX: We finally got a price breakout, but not to the downside as initially anticipated but to the upside and towards a test of the 15650-60 region – the latest resistance area.

EUR/USD: The pair remained in a tight trading range with a crucial support lying at around 1.05 whereas a current resistance is seen at 1.07. The next high-risk event for the euro will be next week’s ECB decision (March 16).

GBP/USD: The cable’s support at around 1.19 proved to hold so far. If U.S. payrolls data come in below expectations on Friday, it could result in a positive move for the pound.

Daily Forex and DAX Signals:

 

Our trading ideas for today 6/3/23:

EUR/USD

Long @ 1.0660

Short @ 1.0620

GBP/USD

Long @ 1.2060

Short @ 1.2020

DAX® (GER40)

Long @ 15630*

Short @ 15580

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

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Daily Trading Signals

Our trading ideas for today 3/3/23:

EUR/USD

Long @ 1.0625

Short @ 1.0590

GBP/USD

Long @ 1.2020

Short @ 1.1940

DAX® (GER40)

Long @ 15410

Short @ 15330

 

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

Follow us on social media:

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DAX: No Profitable Trading Chance – Until Now

Yesterday’s discussed breakout pattern in the DAX has been oriented to prices of the first candle of an inside bar pattern. This slightly extends the index’s breakout range to 15490 on the top and 15230 and the downside. We saw no profitable trading chance yesterday, so let’s see what today has in store for traders.

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 2/3/23:

EUR/USD

Long @ 1.0675

Short @ 1.0630

GBP/USD

Long @ 1.1990*

Short @ 1.1960

DAX® (GER40)

Long @ 15280

Short @ 15240

 

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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DAX: Upcoming Breakout?

Dear traders,

Today, we see a breakout pattern in the daily DAX chart based on an inside bar candle, suggesting profitable breakouts either above 15450 or below 15280.

Let’s wait and see.

 

Daily Forex and DAX Signals:

Our trading ideas for today 1/3/23:

EUR/USD

Long @ 1.0620

Short @ 1.0565

GBP/USD

Long @ 1.2070

Short @ 1.2035*

DAX® (GER40)

Long @ 15440

Short @ 15360

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

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U.S. Dollar gewinnt an Zugkraft

Der US-Dollar gewann wieder an Zugkraft, da die Inflation die Märkte weiterhin heimsucht. Der US-PCE-Index lag am vergangenen Freitag bei 4,7 Prozent gegenüber 4,3 Prozent, die erwartet wurden, und 4,6 Prozent zuvor. Darüber hinaus, und das ist erwähnenswert im Hinblick auf die Stärke des Dollars, halten die Renditen der Staatsanleihen den höchsten Stand seit 15 Jahren.

EUR/USD

Nach dem Erreichen eines Jahreshochs bei 1,1033 schwächte sich die Gemeinschaftswährung gegenüber dem Dollar ab und steuerte auf eine wichtige Unterstützungsmarke zu. Die Unterstützungszone könnte nun zwischen 1,05 und 1,0440 liegen. Auf der Oberseite könnte der Preisbereich zwischen 1,0750 und 1,08 als kurzfristiger Widerstand dienen. Ausbrüche über oder unter diese Preisbereiche werden genau beobachtet.

GBP/USD

Der Cable befindet sich immer noch innerhalb der aktuellen Seitwärtsspanne zwischen 1,2450 und 1,18. Ein signifikanter Durchbruch unter 1,18 gilt als bärischer Ausbruch, wobei ein nächstes tieferes Ziel dann bei etwa 1,15 gesehen wird.

DAX

Der DAX hat sich im Februar seitwärts bewegt. Wir sehen einen potenziellen Unterstützungsbereich bei 15100/15000, der aufsteigenden Trendlinie der jüngsten Aufwärtsbewegung des Index. Solange diese Trendlinie intakt bleibt, können Bullen auf einen weiteren Anstieg in Richtung von 15500 hoffen.

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.

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.

Copyright © 2023 MaiMarFX.

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U.S. Dollar Gains Back Traction

The U.S. dollar gained back traction as inflation haunts markets. The U.S. PCE index came in at 4.7 percent last Friday against 4.3 percent anticipated and 4.6 percent previously. Furthermore, and noteworthy in terms of the dollar’s strength, treasury yields hold the highest level in 15 years.

EUR/USD

After reaching a yearly high at 1.1033, the common currency weakened against the greenback, heading towards an important support level. The support zone now may range from 1.05 to 1.0440. On the upside, the price area between 1.0750 and 1.08 could serve as a short-term resistance. Breakouts above or below these price areas will be watched closely.

GBP/USD

The cable still finds itself within the current sideways range between 1.2450 and 1.18. A significant break below 1.18 is considered a bearish breakout with a next lower target being seen at around 1.15.

DAX

The DAX has been trading sideways in February. We see a potential support area around 15100/15000, the ascending trendline of the index’ latest upward movement. As long as this trendline remains intact, bulls can hope for a next leg up towards 15500.

 

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.

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

Follow us on social media:

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