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After Hawkish Fed Focus Shifts To BoE

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As expected, the Federal Reserve kept interest rates unchanged at 5.25%-5.5% and left the door open for one more rate hike before the end of the year. The Summary of Economic Projections showed 50bp fewer rate cuts in 2024 than previously indicated. The Fed sees just two rate cuts next year which would put the funds rate around 5.1 percent.

The U.S. dollar rose in the aftermath of the Fed’s hawkish rhetoric and pushed both euro and pound sterling lower in turn.

This morning we see GBP/USD trading around 1.23. Below 1.2270 we expect further losses.

The focus today shifts to the Bank of England rate decision (due 13:00 UTC) while the BoE could go either way. Previous expectations were firmly in favor of another 25bp rate hike today but yesterday’s U.K. Consumer Price Index showed softening inflationary pressures which is why market pricing significantly shifts towards a rate pause now. However, according to a statement from UK Chancellor Hunt saying that “Inflation is still too high” and “It’s all the more important to stick to our plan to halve inflation”. In other words, a BoE 25bp rate hike is still well in the cards.

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 21/9/23:

 

GBP/USD

Long @ 1.2380

Short @ 1.2290

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

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All Eyes On The Fed

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Very little movement was seen in both pairs EUR/USD and GBP/USD in the beginning of the week and before the FOMC meeting. In the euro we currently focus on a trading range between 1.08 and 1.06 while in the cable it will be interesting whether the pound also drops below 1.2330 and further towards 1.23. On the upside, resistance is seen at around 1.2550.

Today is Federal Reserve decision day and it is widely expected that the central bank will pause rate hikes. Instead, the focus will be on fresh economic projections and the dot plot forecast and whether another 2023 hike is in the cards. Traders expect that the Fed’s tightening campaign has ended. Thus, the U.S. dollar will rise if there are signals for further tightening, triggering a hawkish repricing of rate expectations.

The Fed decision and release of economic projections is scheduled for 18:00 UTC followed by the press conference 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 20/9/23:

EUR/USD

Long @ 1.0715

Short @ 1.0660

GBP/USD

Long @ 1.2435

Short @ 1.2330

DAX® (GER40)

Long @ 15740

Short @ 15640

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

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U.S. CPI In Focus

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Both EUR/USD and GBP/USD were little changed Tuesday with the focus today turning to the U.S. Consumer Price Index (CPI) scheduled for release at 12:30 UTC. Market participants expect a mixed picture in the data while the key focus will be on whether a softer core inflation will be sufficient for the Federal Reserve to keep interest rates on hold.

Traders anticipate increased volatility around the CPI release.

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 13/9/23:

EUR/USD

Long @ 1.0675

Short @ 1.0725

GBP/USD

Long @ 1.2515

Short @ 1.2440

DAX® (GER40)

Long @ 15660

Short @ 15580

 

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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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 12/9/23:

EUR/USD

Long @ 1.0775

Short @ 1.0715

GBP/USD

Long @ 1.2560

Short @ 1.2480

DAX® (GER40)

Long @ 15840

Short @ 15780

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

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Nach U.S. Dollarstärke etwas Erholung für Euro und Pfund?

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Die vergangene Woche war durch einen stärkeren US-Dollar aufgrund höherer Treasury-Renditen gekennzeichnet, was sowohl den Euro als auch das britische Pfund nach unten drückte.

Aus technischer Sicht haben beide Währungspaare sekundäre Abwärtstrendkanäle ausgebildet, die nun eine gewisse Erleichterung für den Euro und das Pfund Sterling darstellen könnten.

EUR/USD

Der Euro berührte 1,0686, was der unteren absteigenden Trendlinie eines kurzfristigen Abwärtskanals entspricht. Oberhalb von 1,0760 stehen die Chancen gut für die Bullen mit einem höheren Ziel bei etwa 1,0840. Auf der Unterseite erwarten wir, dass die 1,0650-Unterstützung etwas Halt bieten wird.

Beim GBP/USD zeigt sich fast das gleiche Bild wie beim Euro. Nach dem jüngsten Tief bei 1,2445 könnten die Bären eine Verschnaufpause einlegen, so dass die Bullen die 1,2550 und 1,2630 anpeilen könnten. Sollte das Pfund jedoch unter 1,2440 fallen, liegt die nächste wichtige Unterstützung bei 1,24.

Was ist für diese Woche wichtig?

Am Mittwoch richtet sich das Augenmerk auf den US-Inflationsbericht. Es wird mit einem gemischten Bericht gerechnet: Die Kerninflation dürfte sich abschwächen, während die Gesamtinflationsrate von 3,2 Prozent auf 3,6 Prozent steigen dürfte.

Am Donnerstag richten sich alle Augen auf die Zinsentscheidung der Europäischen Zentralbank. Bullen und Bären sind geteilter Meinung über die diesmonatige Entscheidung, während die Preise eher in Richtung einer Zinspause tendieren. Die wirtschaftlichen Bedingungen verschlechtern sich, so dass dieser Monat die letzte Gelegenheit für die EZB sein könnte, die Zinsen zu erhöhen.

Am Donnerstag werden wir mehr wissen.

Wir wünschen allen eine gute und erfolgreiche Woche.

 

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 © 2023 MaiMarFX.

www.maimar.co

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After U.S. Dollar Strength Relief For The Euro And Pound?

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The last week was characterized by a strengthening U.S. dollar due to higher Treasury yields, pushing both euro and British pound lower in turn.

Looking at the technical picture, both currency pairs formatted secondary downtrend channels which now could be a reason providing some relief for the euro and sterling.

EUR/USD

The euro touched 1.0686 which corresponds with the lower descending trendline of a short-term downside channel. Above 1.0760 chances are in favor of bulls with a higher target at around 1.0840. On the downside we expect that the 1.0650-support will provide some hold.

Like the euro, we almost see the same picture in the GBP/USD. After a recent low at 1.2445, bears could take a breather, allowing bulls to go for 1.2550 and 1.2630. If, however, the pound falls below 1.2440, the next crucial support lies at 1.24.

What is important for this week?

On Wednesday the focus turns to the U.S. inflation report. A mixed report is expected with core inflation seen weakening while the headline rate is estimated to rise from 3.2 percent to 3.6 percent.

On Thursday all eyes turn to the European Central bank rate decision. Bulls and bears are divided on this month’s decision while pricing is skewed towards a rate pause. Economic conditions deteriorate so this month might be the last opportunity for the ECB to raise rates.

We will know more on Thursday.

We wish everyone a good and successful week ahead.

 

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.

 

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2023 MaiMarFX.

www.maimar.co

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U.S. Dollar Strength To Continue?

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The U.S. dollar continued its climb against the euro and British pound which was mainly due to higher Treasury yields.

The EUR/USD fell below 1.0760 and extended its tailspin towards 1.07. The area around 1.0660 is seen as a next lower support, whereas on the upside, the 1.0850-70 zone may serve as a resistance for now.

The pound sterling dropped below 1.2540 and further towards 1.2480. We see a next lower target at around 1.2440. A short-term resistance is however seen at 1.2550.

In the DAX there is nothing new to report since it remains trading within its sideways trading range between 16300 and 15600.

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 7/9/23:

EUR/USD

Long @ 1.0760

Short @ 1.0715

GBP/USD

Long @ 1.2530

Short @ 1.2490

DAX® (GER40)

Long @ 15760

Short @ 15670

 

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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Daily Trading Signals

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This week went off to a quiet start with very little movement in the U.S. dollar crosses. Our buy order in the GBP/USD at 1.2630 ended with a small loss of 4 pips. Elsewhere however, in the DAX, we were able to pocket a profit yesterday with a buy order at 15910 and a successful take profit at 15950.

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 5/9/23:

EUR/USD

Long @ 1.0820

Short @ 1.0740

GBP/USD

Long @ 1.2630

Short @ 1.2580

DAX® (GER40)

Long @ 15790*

Short @ 15740

 

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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Quiet Start To The New Week?

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Friday’s U.S. jobs data came in slightly higher than expected while the unemployment rate jumped to 3.8 percent from previous 3.5 percent. The U.S. dollar strengthened across the board which was mainly due to higher treasury yields. U.S. markets are closed today due to Labour Day holiday which could lead to lighter trading volumes and a quieter start to the new week.

EUR/USD – Things are not looking good for the euro

After a failed bullish attempt to break the 1.0950-barrier last week, the single currency fell back towards 1.0770. Chances are in favor of more bearish momentum towards 1.0660, but more importantly 1.05.

GBP/USD

Traders will pay attention to a break below the 200-day-EMA at 1.2540 in order to sell the pound towards 1.2370. We favor a bearish stance in this pair as long as 1.27 remains intact.

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:

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Neuer Monat startet mit U.S. Arbeitsmarktdaten

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Wir wünschen allen Tradern einen guten und erfolgreichen Start in den Monat September. Wir hoffen Sie konnten sich in der Sommerzeit etwas erholen und haben neue Energie für das Trading getankt.

Werfen wir gleich zu Beginn mal einen Blick auf das technische Chartbild.

EUR/USD

Der Euro hat nach seinem letzten Hoch bei 1.1275 im Juli nur abgegeben gegenüber dem U.S. Dollar. Die Talfahrt wurde dann vorerst im August bei knapp 1.0765 gestoppt. Verbleibt der Euro unterhalb von 1.1050 und sollte zudem die 1.08-Marke erneut unterschritten werden, rechnen wir generell mit einem Absinken bis 1.05 (rote Ellipse). Die wenigen Eurobullen warten auf der anderen Seite auf einen erneuten Ausbruch oberhalb von 1.12.

GBP/USD

Auch das Britische Pfund befindet sich seit Juli in einem Abwärtstrendkanal. Die 200-Tageslinie konnte den Fall vorerst oberhalb von 1.2550 stoppen, jedoch bleibt das Pfund unterhalb von 1.2850 anfällig für weitere Verluste.

DAX

Der Index markierte am 31.Juli einen Höchststand bei 16533 Punkten. Dieses Niveau konnte allerdings nicht gehalten werden und so ging es auch für den deutschen Index bergab bis 15465. Aktuell sehen wir den DAX wieder in seiner seit April diesen Jahres bestehenden Seitwärtshandelsspanne zwischen 16300 und 15600. Somit heißt es abwarten.

Heute um 14:30 Uhr stehen die Arbeitsmarktdaten der USA an. Diese Meldung könnte wie gewohnt zu etwas Volatilität in den Dollar-Kreuzungen führen. Wir gehen es gemächlich an.

 

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 © 2023 MaiMarFX.

www.maimar.co

Folgen Sie uns über die sozialen Medien:

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