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DAX At Record-High

The German DAX index continues to be the high-flyer despite ongoing weakness in Europe’s largest economy. And thus, we got what we were looking for: A breakout of the DAX’s resistance zone with a fresh record high at 16731. We hope that you too were able to pocket some good gains amid increased bullish momentum. As for potential pullbacks, a higher support could now come in at around 16400.

The U.S. dollar has moved slightly higher against other counterparts since moving rate cut expectations have weakened the euro. The Federal Reserve is now expected to cut rates by 125 bp next year, while the European Central Bank may cut to 150 bp in 2024.

Tomorrow, markets will turn their attention to the NFP report ahead of next week’s central bank decisions by the Fed, the ECB and the Bank of England.

 

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 7/12/23:

EUR/USD

Long @ 1.0780

Short @ 1.0740

GBP/USD

Long @ 1.2580

Short @ 1.2540

DAX® (GER40)

Long @ 16660

Short @ 16540

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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Profitable Trading Start

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:

Facebook

Twitter

Instagram

PCE Index In Focus And Trading Signals For Today

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

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

Trading Signals On Thanksgiving

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

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.

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 7/11/23:

EUR/USD

Long @ 1.0735

Short @ 1.0670

GBP/USD

Long @ 1.2375

Short @ 1.2310

DAX® (GER40)

Long @ 15160

Short @ 15060

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

USD Weaker After Fed

It came as expected: The Federal Reserve left interest rates unchanged but kept the door open to further tightening if needed to curb inflation. However, Chair Jerome Powell failed to steer market pricing toward another hike (hawkish scenario), a sign that the tightening cycle may have already ended. With the absence of a more aggressive hawkish stance, the U.S. dollar weakened in the aftermath of the FOMC decision.

Attention will now be on the U.S. labor market report tomorrow.

Our yesterday’s short signal in the EUR/USD at 1.0565 has proved to be very profitable with two entries and a take profit of 40 pips each trade.

Sterling traders will shift their focus today to the Bank of England rate decision at 12:00 UTC. The BoE is expected to keep rates unchanged as price pressures ease somewhat. We see a next resistance at around 1.2230 in the GBP/USD. Attention should be paid to breakouts above 1.23 with a higher target seen at 1.24 or, on the other side, below 1.2070.

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 2/11/23:

 

GBP/USD

Long @ 1.2210

Short @ 1.2140

 

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

Rally-Mode

The euro and pound have managed to rally following their recent consolidation phase.

A next higher target is now seen at around 1.0750 in the EUR/USD and around 1.24 in the GBP/USD. On the other side, current support zones could come in at 1.0560 in the euro and 1.2120 in the cable.

 

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 24/10/23:

EUR/USD

Long @ 1.0690

Short @ 1.0625*

GBP/USD

Long @ 1.2310

Short @ 1.2225

DAX® (GER40)

Long @ 14810

Short @ 14710

 

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

No Direction, No Profits

Dear traders,

Yesterday was none of our profitable trading days while every attempt to sell the euro or cable ended with a loss. The situation wasn’t better in the DAX. The index trended directionless sideways between 15300 and 15100.

Let’s see what today brings…

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 18/10/23:

EUR/USD

Long @ 1.0610

Short @ 1.0540

GBP/USD

Long @ 1.2215

Short @ 1.2170

DAX® (GER40)

Long @ 15310

Short @ 15190

 

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.