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Bullish Outcome For the U.S. Dollar Post CPI

What a trading day!

The hotter-than-expected U.S. inflation numbers sent the U.S. dollar soaring and all of our yesterday’s short entries in both EUR/USD and GBP/USD have proved highly profitable. The still high inflation diminished hopes for a Federal Reserve June rate cut, an expectation that was unthinkable at the start of this year, when the consensus view was for six cuts, beginning already in March! This repricing sent Treasury yields and consequently the greenback soaring.

The EUR/USD crushed again below 1.0830 but found some halt at the 1.0720-support area. Falling below 1.0720 will turn the focus to a potential break of 1.07 and possible a dip towards 1.0650. Euro bulls will take a backseat until a renewed break above 1.0880.

The GBP/USD fell towards its 2024-low at 1.2518 and traders are curious whether the support around 1.25 could now break.

Today, the European Central Bank is set to decide on its monetary policy guidance but the ECB is largely expected to point towards the start of rate cuts in June. Traders do not expect today’s announcement to be a huge market mover since the rate cut timeline has already communicated by ECB officials. However, the press conference at 12:45 GMT may increase volatility across the euro currency pairs.

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 11/4/24:

EUR/USD

Long @ 1.0785

Short @ 1.0720

 

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

Trading On U.S. CPI-Day

Today all eyes will turn to the U.S. inflation March numbers. The report could cause significant volatility, especially if the numbers surprise to the upside. In case of a hotter-than-expected CPI, that would shift Federal Reserve interest rate expectations in a more hawkish direction, the U.S. dollar will rise. If inflation numbers come below expectations, traders will bolster their bets on Fed rate cuts. Any dovish interpretation would weaken the greenback.

The U.S. inflation numbers are scheduled for release at 12:30 GMT.

 

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 10/4/24:

EUR/USD

Long @ 1.0870

Short @ 1.0820

GBP/USD

Long @ 1.2685

Short @ 1.2635

 

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

 

Daily Trading Signals

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 9/4/24:

EUR/USD

Long @ 1.0870

Short @ 1.0815

GBP/USD

Long @ 1.2670

Short @ 1.2620

DAX® (GER40)

Long @ 18310

Short @ 18240

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

Händler bereiten sich auf Volatilität im Vorfeld der Inflationszahlen vor

Nach den wenig volatilen Handelsperiode und der gedämpften Performance der letzten Woche verspricht diese Woche mehr Schwung in Bezug auf wichtige Risikoereignisse wie den VPI-Bericht der USA (Mittwoch) und die Entscheidung der Europäischen Zentralbank (Donnerstag) zu bringen. In der vergangenen Woche waren die einzigen marktbewegenden Katalysatoren die NFP-Daten vom Freitag, und die unerwartet guten Arbeitsmarktdaten für März ließen den US-Dollar zunächst steigen, doch wurden die Gewinne schnell wieder zunichte gemacht, so dass der Dollar die vergangene Woche moderat niedriger beendete.

Sollte der US-Inflationsbericht vom März die Prognosen übertreffen, so dass sich die Inflationsaussichten ungünstig entwickeln, bleibt der US-Notenbank möglicherweise nichts anderes übrig, als die Robustheit des Arbeitsmarktes als Grund für ihre Geduld zu nennen, bevor sie zu einer lockeren Geldpolitik übergeht. Diese mögliche hawkische Haltung könnte den US-Dollar kurzfristig stützen. Sollte die Inflationsrate jedoch niedriger ausfallen als erwartet, würde dies zu einem schwächeren Dollar führen.

Am Donnerstag, wenn die EZB über die Geldpolitik entscheiden wird, ist es fast sicher, dass es keine Maßnahmen und keine Änderung der Zinssätze geben wird. Die Marktteilnehmer haben eine Zinssenkung im Juni bereits eingepreist.

EUR/USD: Für eine beschleunigte Dynamik im Kursverlauf sollte man auf Kursausbrüche entweder über 1,0890 oder unter 1,0730 achten.

GBP/USD: Der Seitwärtstrend ist weiterhin intakt. Wir werden auf einen nachhaltigen Ausbruch über 1,28 oder unter 1,25 warten.

 

 

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.

Traders Brace For Volatility Ahead Of Inflation Numbers

After last week’s low volatile trading period and subdued performance this week promises to offer more momentum in terms of high importance risk events such as the U.S. CPI report (Wednesday) and the European Central Bank decision (Thursday). Last week, the only market-moving catalyst were Friday’s NFP data and the hotter-than-expected jobs data for March sent the U.S. dollar initially higher but gains were quickly erased and thus, the greenback ended last week moderately lower.

If the March U.S. inflation report beats projections with the consequence that the inflation outlook evolves unfavorably, the Federal Reserve may have no other choice but to justify the robustness of the labor market for being patient before turning to a looser monetary policy. This possible more hawkish stance could support the U.S. dollar in short-term time frames. However, a lower-than-anticipated inflation print would lead to a softer dollar.

On Thursday when the ECB is due to decide on monetary policy, it is almost certain that there will be no action and no change in interest rates. Market participants have a June rate cut already priced in.

EUR/USD: For accelerated momentum, watch out for price breaks either above 1.0890 or below 1.0730.

GBP/USD: The sideways trend is still intact. We will wait for a sustained break above 1.28 or below 1.25.

 

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

Quiet Currency Trading

Not much has happened yesterday amid low volatile trading. Different was the situation in the DAX, where we first struggled with false breakouts but were later rewarded with two profitable trades for both bulls and bears.

Let’s see what’s in store 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 3/4/24:

EUR/USD

Long @ 1.0815

Short @ 1.0730

GBP/USD

Long @ 1.2615

Short @ 1.2560

DAX® (GER40)

Long @ 18360

Short @ 18230

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

Rate Cut Fears Weaken The U.S. Dollar’s Counterparts

We wish everyone a good new trading week.

Most important event risk of this week, will be the U.S. NFP data, due for release on Friday.

Rate cuts are in focus and while U.S. economic data continues to support a robust economy, expectations raise that the European Central Bank may even cut interest rates earlier than the Federal Reserve. This exerted some pressure on the euro and British pound against the greenback.

EUR/USD: Lower support zones come in at around 1.07 and 1.0650, while on the topside, the 1.0830 could act as a resistance.

GBP/USD: The pair closed below 1.26, so the next target is seen at 1.25.

 

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 2/4/24:

EUR/USD

Long @ 1.0765

Short @ 1.0720

GBP/USD

Long @ 1.2570

Short @ 1.2530

DAX® (GER40)

Long @ 18540

Short @ 18440

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

Daily Trading Signals

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 26/3/24:

EUR/USD

Long @ 1.0860

Short @ 1.0820

GBP/USD

Long @ 1.2670

Short @ 1.2620

DAX® (GER40)

Long @ 18330

Short @ 18240

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.

 

 

 

Quiet Week Before The Easter Holidays?

After markets had a few days to digest last week’s dovish FOMC meeting, where the Federal Reserve continued to signal three rate cuts in 2024, even though fresh forecasts pointed to slightly hotter inflation. The message behind last week’s decision is that the Fed seems willing to let inflation run hot for longer, to minimize the risk of a recession.

However, the U.S. dollar’s counterparts encountered their own problems and gave up their lofty gains while the greenback managed to recover previous losses. The pound fell sharply after the Bank of England softly opened the door for a summer rate cut.

GBP/USD

The pound crushed into reality and below 1.26 after it was flirting with the lofty 1.29-barrier. It will now be interesting whether daily candles close below 1.26 (blue EMA), since this would point to a fresh downtrend. Given that this week will be accompanied by low volatility, we expect that the pair will trade in tight ranges. A next resistance comes in at around 1.2650, followed by 1.2720. However, bearish candles suggest more downside momentum to come.

EUR/USD

The euro remains within its sideways trading range but recently tilts to the downside. Remaining below 1.0850 would turn the focus to the lower 1.07-target.

DAX – Is everything right with the high-flyer?

With a chart like this, we can only express our doubts that this steep uptrend will continue. What do you think?

 

This week will be quiet in terms of market-moving data. The only interesting piece of data will be the PCE price index, due for release on Friday. Friday, however, will be a public holiday, so liquidity is expected to be thin.

 

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.

U.S. Dollar To Rebound On Fed?

It’s Federal Reserve decision day today and for the fifth consecutive meeting the central bank is seen holding interest rates unchanged at its current 5.25 to 5.50 percent range. Nonetheless, today’s decision could be of interest for traders as the focus will be on the Fed’s forward guidance. If Fed policy makers signal a greater inclination to patience and show less willingness to deliver multiple rate cuts, the U.S. dollar could rise.

Furthermore, the Fed releases updated macro projections, including the dot-plot at 18:00 GMT, followed by Fed Chair Jerome Powell’s press conferences 30 minutes later.

 

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 20/3/24:

EUR/USD

Long @ 1.0890

Short @ 1.0825

GBP/USD

Long @ 1.2760

Short @ 1.2690

DAX® (GER40)

Long @ 18030

Short @ 17960

 

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