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Final Working Week of 2024

This is the final working week of 2024 and investors were cautious ahead of this week’s Federal Reserve meeting.

The Fed is set to decide its interest rates on Wednesday, where a 25 basis points cut is largely priced in. However, markets were cautious about the Fed’s long-term rate trajectory as inflation has remained a major concern. Sticky inflation figures last week have clouded the long-term rate outlook. The focus on Wednesday will thus be on the updated rate projections.  Fed chair Jerome Powell’s remarks last month, highlighting that downside risks to the labor market had diminished while inflation remained more persistent than anticipated, have traders on edge for a potential hawkish cut. The Fed’s forward guidance will therefore be key. If the central bank maintains its projection of four 25bp cuts next year, it could stoke concerns about its willingness to finish the inflation fight.

The EUR/USD struggled to find a direction and remained sideways between 1.06 and 1.04. Traders hope for the Fed decision to ignite volatility.

Also, the GBP/USD took a breather from its recent downtrend and trended between 1.2850 and 1.26. In case of a renewed break below 1.2590, we pencil in next lower targets at 1.25 and 1.24.

 

We wish you a happy Christmas season and the best of luck and success in the new year!

 

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

Euro And Cable: U.S. Dollar Correction Ahead?

We saw a strong U.S. dollar rally following the U.S. election but a correction seems to be inevitable now, which is why caution is warranted when chasing the current rally much further. However, the overall momentum remains bearish in both currency pairs and with the incoming U.S. President Donald Trump policy mix, the markets will probably favor a strong dollar.

We have penciled in the next lower targets in both EUR/USD and GBP/USD.

EUR/USD: The euro dropped until the crucial support at 1.05 from where it took a breather. Since the 1.05 area is seen a strong support, we marked a next lower target at 1.0460 but remain cautious in terms of further lower targets for now. On the upside, an important resistance is seen at 1.0770.

GBP/USD: Remaining below 1.27 would see increased odds for a further leg down towards 1.23 and probably even 1.20. If the cable is, however, able to stabilize above 1.28, the trend would return to neutral.

 

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

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 12/11/24:

EUR/USD

Long @ 1.0665

Short @ 1.0625

GBP/USD

Long @ 1.2835

Short @ 1.2790

DAX® (GER40)

Long @ 19380

Short @ 19240

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

Euro Tilts Downwards

The euro has been pressured by U.S. President-elect Donald Trump’s proposals for tariffs on imports, which could hurt European exports and risk a global trade war.

Furthermore, political uncertainty remained a drag as German Chancellor Olaf Scholz said he would be willing to call a vote of confidence before Christmas, paving the way for snap elections following the collapse of his governing coalition.

The EUR/USD was stuck at 1.07. Watch out for price breaks either above 1.0770-80 or below 1.0680.

GBP/USD: The cable is considered to be within a downward trend channel as long as it remains below 1.30. A new lower target would be around 1.2820.

On Thursday we will watch the U.S. consumer price reading, which could, in case inflation comes in above the 0.3 percent forecast, further reduce the chance of a Federal Reserve rate cut in December.

 

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

Dollar Rally Loses Steam, Focus On Fed

Donald Trump will be, once again, the next president of the USA and the U.S. dollar soared, at least in the beginning of yesterday’s early vote counting. Now it appears as if the dollar rally loses steam. Investors now look to the Federal Reserve decision later int the day for more cues on interest rates.

The Fed is widely expected to cut rates by 25bp today but the future rate outlook remains uncertain in the face of a Trump presidency.

EUR/USD: As long as the euro remains below 1.0830 but more importantly below 1.09, chances are in favor of a further dollar rally. Watch out for a break below 1.0680.

GBP/USD: 1.30 remains an important resistance for the pound. A break below 1.2830 could lead to a next leg lower towards 1.2650.

 

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

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.

The Calm Before The Storm

Traders remained largely risk-averse before today’s highly anticipated U.S. election night.

The apparently tight contest could delay the final election result, so let’s wait and see.

We wish everyone profitable 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 5/11/24 (election day):

EUR/USD

Long @ 1.0920

Short @ 1.0835

GBP/USD

Long @ 1.3010

Short @ 1.2930

DAX® (GER40)

Long @ 19210

Short @ 19140

Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 400

Remember to take partial profits!

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

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 31/10/24:

EUR/USD

Long @ 1.0865

Short @ 1.0815

GBP/USD

Long @ 1.2985

Short @ 1.2935

DAX® (GER40)

Long @ 19180

Short @ 19125

Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 20-30

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

Our Trading Ideas For 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 29/10/24:

EUR/USD

Long @ 1.0820

Short @ 1.0775

GBP/USD

Long @ 1.2985

Short @ 1.2940

DAX® (GER40)

Long @ 19630

Short @ 19490

Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 20-30

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.

 

Our Trading Ideas For 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 9/10/24:

EUR/USD

Long @ 1.0985

Short @ 1.0935

GBP/USD

Long @ 1.3115

Short @ 1.3080

DAX® (GER40)

Long @ 19130

Short @ 19030

Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 20-30

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

Geopolitische Risiken und Ströme in sichere Häfen

Wir befinden uns in einer Zeit wirtschaftlicher Unsicherheit und Instabilität, und angesichts der bevorstehenden US-Wahlen und anderer Unsicherheiten bei den Zinssätzen halten sich viele Anleger mit neuen Investitionen zurück und versuchen, ihr Portfolio für den Fall einer vorzeitigen Rezession zu schützen. Nach der weiteren Eskalation des Krieges im Nahen Osten in der vergangenen Woche erleben wir nun die Rückkehr der Risikoprämie und der Zuflüsse in sichere Häfen. Gold, US-Dollar, Schweizer Franken und Yen profitierten leicht von der Anziehungskraft sicherer Häfen. Wir werden die geopolitischen Risiken genau im Auge behalten, während die Wirtschaftsdaten wahrscheinlich in den Hintergrund treten werden.

Aus technischer Sicht gaben die wieder aufkeimenden geopolitischen Risiken und ein starker US-NFP-Bericht dem US-Dollar Auftrieb, so dass es sowohl beim EUR/USD als auch beim GBP/USD zu deutlichen Rückschlägen kam. Die Märkte haben eine Zinssenkung der Federal Reserve um 50 Basispunkte im November ausgepreist und sehen nun eine 97-prozentige Chance für eine Zinssenkung um nur 25 Basispunkte im nächsten Monat.

EUR/USD

Auf dem Wochenchart sehen wir eine starke Erholung des Greenbacks, die den Unterstützungsbereich um 1,0850 wieder in den Fokus rückt. Sollte die neue Woche unter 1,0970 schließen, erwarten wir ein weiteres Abwärtsmomentum mit einem Rückgang auf mindestens 1,0880. Oberhalb von 1,10 sind die Aussichten eher positiv für die Bullen.

GBP/USD

Der jüngste Aufwärtstrend ist nach wie vor intakt, auch wenn der Cable auf einen Test seiner Unterstützung bei 1,3130 zurückfiel. Unterhalb von 1,3040 könnte es zu einer weiteren Korrektur in Richtung der unteren Trendlinie bei etwa 1,2930 kommen.

 

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!

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Copyright © 2024 MaiMarFX.