forex signals – Page 13

Have Markets Over-Reacted To Last Week’s Inflation Data?

November 14, 2022/in General News & Updates /by MaimarFX

Welcome to a new trading week. Risk appetite improved around the world after signs of cooling in U.S. inflation and the prospects of a dovish tilt by the Federal Reserve. The U.S. dollar weakened against other counterparts. However, markets may have over exaggerated last week’s inflation print since a few declines in inflation does not mean that inflation pressure is finally over and that the Fed is shifting from hawkish to dovish. The market’s risk appetite could thus be premature with limited upside in both EUR/USD and GBP/USD.

For the British pound, the U.K. will release inflation data on Wednesday.

GBP/USD

The shift in global risk sentiment and the large dollar sell-off benefitted the pound and sent sterling soaring, lifting it above 1.16 and further to the 1.17-1.19 resistance zone. Sterling bulls should however be careful. U.K. employment and inflation data are on tab this week, leaving the pound vulnerable.

From a technical perspective, the pair is overbought with the current resistance zone ranging from 1.17 to 1.19. We expect any further gains to be limited to a maximum of $ 1.1940. The most likely scenario in our opinion is a correction towards 1.15/1.1450.

EUR/USD

Speculation for a smaller Fed rate hike in December could keep the pair afloat over the coming weeks. However, the pair is overbought, making it vulnerable for a correction toward the parity level. A bullish breakout above 1.0370 on the other side could see a bullish extension towards 1.06.

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.

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Profitable Week

November 11, 2022/in General News & Updates /by MaimarFX

Slower-than-expected U.S. inflation gave a boost to risk appetite, pushing both euro and British pound above bullish breakout levels. Both of our yesterday’s long entries in EUR/USD and GBP/USD have hit their profit targets easily. Overall, we were able to secure a very good weekly profit which is why we do not trade today.

Our trading ideas for the DAX today 11/11/22:

DAX® (GER40)

Long @ 14280

Short @ 14230 Hit TP in a few minutes

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.

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U.S. Midterm Elections: Tight Race

November 9, 2022/in General News & Updates /by MaimarFX

The U.S. dollar weakened against other counterparts while investors await results from the U.S. midterm elections. Early tallies showed the outcome will be closer than expected. For the dollar to find support the Democrats need to keep control of both the House and the Senate.

EUR/USD

The euro traded around the parity level and any price breakouts either above 1.01 or below 0.99 will attract our attention. Above 1.01 a higher target will be at 1.0180. Below 0.9870 a lower target will be at 0.98.

GBP/USD

As long as the cable remains below 1.16, we favor the downtrend with a next lower target seen at 1.1250. Above 1.1650 however, we will pencil in a higher target at 1.1850.

Our trading ideas for today 9/11/22:

EUR/USD

Long @ 1.0090

Short @ 1.0040

GBP/USD

Long @ 1.1565

Short @ 1.1520

DAX® (GER40)

Long @ 13660

Short @ 13560

Settings for all trades today: Entries from 8:00 am UTC, SL 25

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.

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U.S. Dollar Halted Loss Ahead Of Midterm Elections

November 8, 2022/in General News & Updates /by MaimarFX

The U.S. dollar halted its recent loss as investors awaited the midterm elections. The potential gridlock in government has been historically good for U.S. stocks.

EUR/USD

The euro traded around the parity level and any price breakouts either above 1.01 or below 0.99 will attract our attention. Above 1.01 a higher target will be at 1.0180. Below 0.9870 a lower target will be at 0.98.

GBP/USD

As long as the cable remains below 1.16, we favor the downtrend with a next lower target seen at 1.1250. Above 1.1650 however, we will pencil in a higher target at 1.1850.

Our trading ideas for today 8/11/22:

EUR/USD

Long @ 1.0040

Short @ 0.9985

GBP/USD

Long @ 1.1510

Short @ 1.1460

DAX® (GER40)

Long @ 13560

Short @ 13510

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.

Subscribe to our daily signal service

We wish you good trades!

Any and all liability of the author is excluded.

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Profitable Start

November 7, 2022/in General News & Updates /by MaimarFX

Friday’s U.S. payrolls report offered a mixed picture with 261k new jobs in October and a higher unemployment rate of 3.7 percent. The payrolls advance was the least since December 2020 and given that the Federal Reserves’ aggressive tightening is weighing on employment, it’s only logical that the dollar fell in response to the report. Traders are leaning toward a downshift in the Fed’s pace of tightening to 50bp in December.

On November 8, the U.S. mid-term elections could lead to a change in which party controls Congress. However, the result’s impact to the dollar might be limited.

The market’s focus then shifts to the October consumer price index (CPI) due on Thursday. A lower reading would likely encourage more risk-taking. This could buoy the dollar’s counterparts on speculation the Fed could ease its rate-hiking path.

The British pound fell 2 percent as the Bank of England lifted rates to 3 percent and warned that the U.K. faces a protracted slowdown. Only Friday’s mixed payrolls report helped the pound to recover from lower levels on the back of a weakening dollar. However, sterling might be vulnerable to further losses with banks predicting a fall below $ 1.10 by the end of the year.

Our trading ideas for today 7/11/22:

EUR/USD

Long @ 0.9960 Hit TP

Short @ 0.9915

GBP/USD

Long @ 1.1330 Hit TP

Short @ 1.1290

DAX® (GER40)

Long @ 13480 Hit TP

Short @ 13430

Settings for all trades today: 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.

Subscribe to our daily signal service

We wish you good trades!

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DAX: Bullish Breakout In The Making?

July 29, 2022/in General News & Updates /by MaimarFX

Today is our last trading day for the time being. Meanwhile, we look back at the month of July, which was characterized by losses and consolidations. While the EUR/USD traded quite well, we had to record losses with the DAX. But even such months are part of trading, albeit painful.

The U.S. PCE Index at 12:30 UTC could be of importance today in terms of movements in the U.S. dollar.

DAX

It sees as if bulls are working on a bullish breakout above 13500. If this happens, we may see a run for 14000. On the downside, the 13000-mark remains of major importance.

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.

Any and all liability of the author is excluded.

www.maimar.co

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Market Overreacted To Powell’s Comments

July 28, 2022/in General News & Updates /by MaimarFX

It happened as expected: The Federal Reserve raised rates by 75bp and the market misinterpreted this month’s hike as a pivot towards a dovish monetary policy stance and thus sent the U.S. dollar tumbling. This is a classic market overreaction towards a potential monetary policy shift when the current guidance is already priced in. Caution is however warranted as we could be still far from the peak.

Fed Chair Jerome Powell said that another big increase is possible and projected rates to be at 3.8 percent in 2023, a projection that is above market expectations. Yet investors interpreted Powell’s comments that rate hikes will slow. The key phrase was that the pace of tightening would slow at some point but that didn’t flag a pivot to lower rates or even a pause, according to Fed watchers.

However, both euro and cable overshot following Powell’s comments. The best performer was the pound sterling that broke above the descending trendline and headed towards 1.22.

We believe that gains in the GBP/USD could be limited to 1.2250 as the pair entered overbought territory.

There were no breakouts in the EUR/USD which remains in its current trading range between 1.03 and 1.01.

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.

Any and all liability of the author is excluded.

www.maimar.co

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Will The U.S. Dollar Retreat On A 75bp Rate Hike?

July 27, 2022/in General News & Updates /by MaimarFX

It’s the Federal Reserve’s decision day and traders brace for a 75bp rate increase. The market’s key question is whether the Fed is nearing a projected 3.4 percent rate peak around year-end before Fed policy makers can start easing again to tackle the risk of recession. We bear however in mind that the market is often ahead of itself which is why talking about easing monetary policy could be premature at this point.

Nonetheless, the growing risk of a recession may force Fed policy makers to deliver smaller rate increases towards the end of this year. A shift in the Fed’s forward guidance may produce headwinds for the U.S. dollar in the coming months. So, we may see the greenback struggling to hold onto its gains even when the Fed hikes as expected.

In other words, a 75bp rate hike may not be a bullish catalyst for the dollar if additional rate hikes this year are not signaled. And the chance of a 100bp rate hike is at only 13 percent.

Given the summer lull we do not expect market movements to be extraordinarily large.

Daily Forex And DAX Signals:

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Daily Forex And DAX Signals 26/7/22

July 26, 2022/in General News & Updates /by MaimarFX

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.

EUR/USD

Long @ 1.0225

Short @ 1.0180

GBP/USD

Long @ 1.2065

Short @ 1.2040

DAX® (GER30)

Long @ 13220

Short @ 13140

Monthly results 2022:

June 2022: +333 pips

May 2022: +172 pips

April 2022: +111 pips

March 2022: +689 pips

February 2022: +531 pips

January 2022: +766 pips

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.

www.maimar.co

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Is The Fed Rate Hike Cycle Nearing Its Peak?

July 25, 2022/in General News & Updates /by MaimarFX

Welcome to a new trading week and our last one before the summer holiday break.

Top even risk is Wednesday’s FOMC rate decision which where Fed Chairman Jerome Powell and his colleagues are expected to raise rates by another 75bp after raising rates by 75bp in June. Powell has said following the Fed’s last 75bp hike that it is an unusually large one, he does not expect rate hike moves of that size to be common. However, the market is now dealing with the debate of a 75bp or 100bp hike and the U.S. dollar’s reaction to it. According to economists, there is no appetite for a full-point increase at any time during this rate cycle.

From a seasonal perspective, the last week of July historically exhibits lower volatility and volume, which is why extraordinary large market moves might be missing.

Looking further ahead, a survey of 44 economists forecast the Fed will raise rates by another 25bp in early 2023, reaching a peak of 3.75 percent before pausing and starting to cut rates before the end of the year.

We wish you good trades!

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www.maimar.co

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