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A Profitable Trading Day

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The U.S. dollar declined on the back of subdued U.S. yields while other significant drivers were lacking. The greenback may receive a boost today from the FOMC minutes in the evening.

The EUR/USD surged to a high of 1.0839 and euro bulls were able to profit. Our yesterday’s long entry at 1.0780 hit our profit target at 1.0820.

Also profitable was the trading in the GBP/USD Tuesday. We went long at 1.2610 and took profit at 1.2650.

The situation was different in the DAX where choppy sideways swings have led to two false breakouts and thus, two losing trades.

 

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 21/2/24:

EUR/USD

Long @ 1.0820

Short @ 1.0770

GBP/USD

Long @ 1.2640

Short @ 1.2585

DAX® (GER40)

Long @ 17110

Short @ 17040

 

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

More U.S. Strength Ahead?

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U.S. inflation came in higher than expected, pushing back expectations of an early Federal Reserve rate cut. A potential rate cut at the Fed’s May meeting is now being priced out. The U.S. dollar rose to a fresh three-month high following the surprise reading.

EUR/USD: A next lower target is now seen at around 1.0680-70. From there, bulls may jump back in but chances remain in favor of the bears right now. A current resistance is intact at around 1.08.

GBP/USD: The cable looks slightly tilted to the downside but must break below the EMA200 at 1.2550 for further bearish momentum. Falling below 1.2540, turns the focus to a next lower target at 1.25. As long as the pair remains below 1.27, sterling bulls might stay on the sidelines and take a wait-and-see approach.

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 14/2/24:

EUR/USD

Long @ 1.0730

Short @ 1.0690

GBP/USD

Long @ 1.2625

Short @ 1.2540

DAX® (GER40)

Long @ 16910

Short @ 16820

 

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

Profitable Forex Signals

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Yesterday has proved to be a profitable trading day amid low volatile trading conditions. Both of our short entries in the EUR/USD and GBP/USD provided a total gain of +80 pips.

We will not reinvest that profit 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 6/2/24:

EUR/USD

Long @ 1.0765

Short @ 1.0740

GBP/USD

Long @ 1.2570

Short @ 1.2530

DAX® (GER40)

Long @ 16970

Short @ 16890

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.

What’s Next After The Latest Round Of U.S. Dollar Strength?

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Friday’s U.S. NFP release showed the U.S. jobs market in good health with 353k new jobs created in January compared to expectations of only 180k. Following these healthy job numbers, traders pushed back on Federal Reserve rate cut expectations while a March rate cut is currently off the table.

The U.S. dollar strengthened strongly in response to Friday’s NFP report and provided short traders in both EUR/USD and GBP/USD some good gains.

Compared to last week, the economic calendar this week is light in terms of potential market-moving data and risk events. Traders should thus prepare for range-bound trades and smaller profits.

The EUR/USD slipped below 1.0790 and further towards 1.0760 but we expect that a short-term support is coming in at around 1.0750, which is why bulls could go for a test of the area around 1.0860. Falling below 1.0740, on the other side, could lead to a sell-off towards 1.0660.

The GBP/USD remained within its sideways range between 1.28 and 1.26. Looking for short entries, we will wait for price breaks below 1.2590 with a lower target at around 1.2560 and further for a fall below 1.2540 with a next target at 1.25. On the topside, a resistance is currently seen at 1.2750.

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.

After Fed Focus Shifts To Friday’s NFP Data

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Large swings were absent yesterday when the Federal Reserve failed to send a dovish signal, signaling only that it is not yet ready to ease its policy stance imminently. Thus, a rate cut in March is still possible but the likelihood of this early cut appears to be slim at the moment.

Expectations in terms of rate cuts could however change as soon as tomorrow, when the U.S. Nonfarm payrolls report is scheduled to be released. If job growth surprises to the downside, a March rate cut could be back on the table, which would weaken the U.S. dollar. Conversely, if NFP numbers are stronger-than-forecast, the greenback will rise on an unwinding of dovish bets.

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.

DAX® (GER40)

Long @ 16840

Short @ 16780

Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 100

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

 

FOMC Decision: Will The Fed Send A Dovish Signal?

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Traders should be prepared for increased volatility with the Federal Reserve’s first policy decision of 2024 coming up. While no change in interest rates is expected, the Fed could adjust its monetary policy guidance which could trigger large swings. If the central bank embraces a more dovish posture, the U.S. dollar will fall. In the event of a hawkish signal and pushing back against expectations of deep and early rate cuts, the dollar should rise sharply.

The Fed’s interest rate decision will be announced at 19:00 GMT today, followed by the press conference 30 minutes later.

EUR/USD: Watch out for breaks either below 1.0790 (short) or above 1.0910 (long).

GBP/USD: Today, we will pay attention to a rise above 1.2760 which could attract buyers or a fall below 1.2640 that could increase bearish momentum towards 1.26 and further 1.2550.

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 the FOMC decision 31/1/24:

EUR/USD

Long @ 1.0860

Short @ 1.0785

GBP/USD

Long @ 1.2710

Short @ 1.2665

 

 

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

 

DAX Hits Record High

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The DAX hit a record high and surged above 17010. We will enter long today at 17020 and will try to go for 40 points profit.

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 30/1/24:

EUR/USD

Long @ 1.0865

Short @ 1.0790

GBP/USD

Long @ 1.2725

Short @ 1.2670

DAX® (GER40)

Long @ 17020

Short @ 16940

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

ECB Decision Takes Center Stage

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All eyes will turn to the European Central Bank decision today at 13:15 GMT where the central bank is expected to stand pat on rates with inflation still above target. While inflation in the euro area has maintained a downward trajectory during the last year, ECB policymakers are wary of upside risks to inflation. The biggest threat might be the latest crisis in the Middle East with a temporary supply shock posing a risk to European businesses.

Traders will focus on ECB President Christine Lagarde’s press briefing at 13:45 GMT for an updated view on the economy and inflation outlook.

The risk for the euro is to the downside. For the common currency to recover, Lagarde would need to sound surprisingly hawkish, dashing hopes for an ECB rate cut anywhere near as much as what markets have priced in. Markets expect the ECB to cut rates in June. If the communication among policymakers is, however, not clear, the euro could end up drifting sideways.

We will focus on a break below 1.0820 and further 1.08 in order to sell the euro towards 1.0750 and 1.07. Above 1.0935, the focus shifts back towards the 1.10-threshold.

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 25/1/24:

EUR/USD

Long @ 1.0910

Short @ 1.0870

 

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

U.S. Dollar With An Uptick

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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 16/1/24:

EUR/USD

Long @ 1.0975

Short @ 1.0890

GBP/USD

Long @ 1.2735

Short @ 1.2660

DAX® (GER40)

Long @ 16570

Short @ 16510

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.

Focus On U.S. CPI Data

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Here are our trading ideas on U.S. CPI-release day.

Inflation figures are 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 11/1/24:

EUR/USD

Long @ 1.1015

Short @ 1.0920

GBP/USD

Long @ 1.2775

Short @ 1.2715

DAX® (GER40)

Long @ 16830

Short @ 16780*

 

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