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Profitable Trading Start

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Dear traders,

The week started very profitable with two take-profits in our sell orders in the EUR/USD and GBP/USD yesterday. We will therefore not reinvest that profit today. Elsewhere, the DAX fluctuated directionless sideways within its resistance zone. 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 5/12/23:

EUR/USD

Long @ 1.0880

Short @ 1.0785

GBP/USD

Long @ 1.2675

Short @ 1.2590

DAX® (GER40)

Long @ 16440

Short @ 16360

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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PCE Index In Focus And Trading Signals For Today

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U.S. dollar weakness continued and drove the euro and British pound to next higher targets. Elsewhere, the DAX broke above the 16050-threshold, heading towards 16300.

Today, the PCE data could bolster further bearish USD bets. Generally, the market is currently seeing a disinflationary trend that is bolstering dovish rate hike bets with the Federal Reserve expected to announce the first rate cut in 3-5 months, having just concluded their tightening cycle. This is the main reason why we see the dollar depreciating. U.S. PCE data today can further influence the greenback’s weakness as well as rate cut comments.

Inflation in Germany dropped to 3.2 percent which was a 0.4 percent sharper decline than forecast. Today, EU inflation data is due with estimates indicating another drop in the headline and core measures. A higher reading could pose a threat to the euro.

EU inflation data is due for release at 10:00 am GMT, followed by the PCE price index at 13:30 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 30/11/23:

EUR/USD

Long @ 1.0990

Short @ 1.0940

GBP/USD

Long @ 1.2710

Short @ 1.2680

DAX® (GER40)

Long @ 16240

Short @ 16140

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:

Facebook

Twitter

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Daily Trading Signals

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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 28/11/23:

EUR/USD

Long @ 1.0975

Short @ 1.0920

GBP/USD

Long @ 1.2660

Short @ 1.2585

DAX® (GER40)

Long @ 16010

Short @ 15920

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:

Facebook

Twitter

Instagram

Inflation Data In Focus, Will Euro, Pound And DAX Extend Gains?

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Welcome to a new trading week everyone after the holiday-stretched weekend.

All trading instruments have reached the targeted resistance zones but this raises question marks whether recoveries in the euro, pound and DAX can stretch beyond critical resistances.

On Thursday we will have the Eurozone’s flash inflation reading which is forecast to inch slightly lower in November from 2.9 percent to 2.8 percent. Easing inflation could pressure the euro.

The core PCE inflation gauge, also scheduled for release on Thursday, is forecast to have slowed too, with estimates pointing to a drop from 3.7 percent to 3.5 percent in October.

The EUR/USD has enjoyed a positive week, building on its recent rally. As long as the pair remains above the 200-EMA at around 1.0750, bulls can hope for a test of 1.10 and 1.1090.

The GBP/USD tested the 1.26-area where it oscillates at the start of this week. We now see a short-term support at 1.2530, followed by the lower 200-EMA support at currently 1.2415. A break above 1.2660 could open the door for run towards 1.27 and 1.2750.

The DAX surged to a high of 16047 while traders question whether there could be even more upside momentum in store. We prepare for some pullbacks from lofty highs and pencil in a next support at 15850. Above 16070, we will shift our focus to a next resistance at 16240.

 

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

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Instagram

Trading Signals On Thanksgiving

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Happy Thanksgiving everyone!

On Wednesday we were able to pocket some small gains in the GBP/USD and DAX. No entry was however triggered in the EUR/USD.

As recommended earlier this week, we did not invest too much ahead of the prolonged Thanksgiving weekend amid low volumes.

For those who trade, even by a low risk, here are our 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 23/11/23:

EUR/USD

Long @ 1.0920

Short @ 1.0875

GBP/USD

Long @ 1.2520

Short @ 1.2485

DAX® (GER40)

Long @ 15980

Short @ 15940

 

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 Trading Signals

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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 22/11/23:

EUR/USD

Long @ 1.0935

Short @ 1.0870

GBP/USD

Long @ 1.2575

Short @ 1.2510

DAX® (GER40)

Long @ 15940

Short @ 15860

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.

Consolidation Amid Low Volatility?

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The U.S. dollar sold-off across the board amid falling U.S. Treasury yields following the lower-than-expected U.S. inflation data report last week. The lower inflation print eliminated the likelihood of further monetary policy tightening by the Federal Reserve, giving traders green light to begin pricing in more rate cuts next year.

The weakening dollar in turn, boosted other currencies such as the euro which climbed above 1.09 and seems to be on its way towards a test of 1.10 now.

The British pound lagged behind in its upward trend against the greenback and finds itself still between 1.25 and 1.24. A break above 1.2550 could open the door for a run towards 1.2620 and possibly even 1.2680.

This week there are no high-impact events scheduled for release with a shorter trading week in the U.S. because of the Thanksgiving holiday on Thursday and Friday. The absence of high-profile events could translate into consolidation of the recent market moves with the potential for further upside for the euro, DAX and pound.

We recommend traders not to expect too much in the next days, take smaller profits or even do a trading break.

 

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 2023 MaiMarFX.

www.maimar.co

Bullish Breakouts

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We didn’t trade the EUR/USD and GBP/USD yesterday after we were able to pocket a good gain on Tuesday amid strong bullish breakouts. U.S. inflation came in below expectations, a fact that has crushed a hawkish repricing that would have benefit the greenback. The euro surged to a high of 1.0887 from where it consolidated yesterday. Higher targets are now seen at 1.0940 and 1.10 while we expect a fresh support to come in at around 1.0730.

The GBP/USD is currently hovering around 1.24 after it was unable to break significantly above 1.25. For the bullish bias to continue, the cable will need to stabilize above 1.24 while traders will focus on a break above 1.2510 in order to go for 1.26.

The DAX broke above 15600 and headed towards 15800. The next crucial target for traders will be the crucial 16000-barrier. Our former breakout-area at 15600 could now turn into a support zone.

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.

Daily Trading Signals On CPI Day

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Traders await the U.S. CPI report which is scheduled for release at 13:30 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 14/11/23:

EUR/USD

Long @ 1.0710

Short @ 1.0685

GBP/USD

Long @ 1.2310

Short @ 1.2235

DAX® (GER40)

Long @ 15390

Short @ 15310

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:

Facebook

Twitter

Instagram

CPI Data In Focus

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Traders had to cope with a consolidation period last week which provided more losses than profits in terms of day trades amid a low volatility environment. As recommended, we didn’t invest much the past days and stood on the sidelines. The U.S. dollar was torn between falling and rising U.S. Treasury yields and finally ended the past week a little higher against the euro and British pound.

From a fundamental docket, euro and U.S. CPI are the most interesting reports this week. Euro area headline inflation is expected to drop sharply to 2.9 percent from 4.3 percent which could weigh negatively on the euro. Eurozone CPI is due on Friday. On Tuesday we will have the U.S. CPI report which could cause a hawkish repricing of interest rate expectations that would be bullish for the dollar.

The greenback remains favorable due in the current environment through a comparatively stronger economy as well as its safe haven allure amid the Middle East war.

EUR/USD

The pair trades below the 200EMA which currently oscillates at 1.0735. We recommend traders to wait for a bullish breakout above 1.0760. On the downside, we would wait for a break below 1.0590 with a lower target at 1.0520. The price area between 1.05 and 1.0450 is seen a crucial support for the pair.

GBP/USD

The cable finds itself still in a secondary upward channel. Based on this channel, we pencil in the 1.2150-area as a short-term support, whereas the 1.24-1.2470 zone as a resistance. Below 1.20 chances favor a bearish continuation.

DAX

The index recovered its recent losses and headed for 15450 (EMA200). Above 15600 we favor a bullish bias while below 14900, we will shift our focus to a lower target at 14300.

 

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 2023 MaiMarFX.

www.maimar.co

Follow us on social media:

Facebook

Twitter

Instagram