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Rate Cut Fears Weaken The U.S. Dollar’s Counterparts

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We wish everyone a good new trading week.

Most important event risk of this week, will be the U.S. NFP data, due for release on Friday.

Rate cuts are in focus and while U.S. economic data continues to support a robust economy, expectations raise that the European Central Bank may even cut interest rates earlier than the Federal Reserve. This exerted some pressure on the euro and British pound against the greenback.

EUR/USD: Lower support zones come in at around 1.07 and 1.0650, while on the topside, the 1.0830 could act as a resistance.

GBP/USD: The pair closed below 1.26, so the next target is seen at 1.25.

 

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 2/4/24:

EUR/USD

Long @ 1.0765

Short @ 1.0720

GBP/USD

Long @ 1.2570

Short @ 1.2530

DAX® (GER40)

Long @ 18540

Short @ 18440

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

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 26/3/24:

EUR/USD

Long @ 1.0860

Short @ 1.0820

GBP/USD

Long @ 1.2670

Short @ 1.2620

DAX® (GER40)

Long @ 18330

Short @ 18240

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.

 

 

 

Quiet Week Before The Easter Holidays?

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After markets had a few days to digest last week’s dovish FOMC meeting, where the Federal Reserve continued to signal three rate cuts in 2024, even though fresh forecasts pointed to slightly hotter inflation. The message behind last week’s decision is that the Fed seems willing to let inflation run hot for longer, to minimize the risk of a recession.

However, the U.S. dollar’s counterparts encountered their own problems and gave up their lofty gains while the greenback managed to recover previous losses. The pound fell sharply after the Bank of England softly opened the door for a summer rate cut.

GBP/USD

The pound crushed into reality and below 1.26 after it was flirting with the lofty 1.29-barrier. It will now be interesting whether daily candles close below 1.26 (blue EMA), since this would point to a fresh downtrend. Given that this week will be accompanied by low volatility, we expect that the pair will trade in tight ranges. A next resistance comes in at around 1.2650, followed by 1.2720. However, bearish candles suggest more downside momentum to come.

EUR/USD

The euro remains within its sideways trading range but recently tilts to the downside. Remaining below 1.0850 would turn the focus to the lower 1.07-target.

DAX – Is everything right with the high-flyer?

With a chart like this, we can only express our doubts that this steep uptrend will continue. What do you think?

 

This week will be quiet in terms of market-moving data. The only interesting piece of data will be the PCE price index, due for release on Friday. Friday, however, will be a public holiday, so liquidity is expected to be thin.

 

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.

Greenback Falls On Dovish Fed

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And finally, but only at the end of yesterday’s FOMC press conference, we were able to catch some pips. Before volatility has picked up in the evening hours of trading, we had to deal with one false breakout in the GBP/USD and three loss-making breakouts in the DAX. As for the DAX, we will try to compensate recent losses within the next trading days.

What happened at the FOMC decision, which is why the sold off even faster?

The Federal Reserve largely maintained the same policy outlook embraced three months ago, reaffirming its intention to implement 75 bp of rate cuts this year. The fact that the easing cycle is coming closer and thus, the absence of a hawkish surprise in the Fed’s statement were the reasons which is why the U.S. dollar traded lower.

Good news got the Bank of England yesterday with U.K. inflation falling faster than expected in February. This could encourage the more dovish members at the BoE to press harder for a rate cut. The market is pricing in the first move at the BoE August meeting. Today, the BoE is fully expected to leave interest rates untouched.

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.

U.S. Dollar To Rebound On Fed?

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It’s Federal Reserve decision day today and for the fifth consecutive meeting the central bank is seen holding interest rates unchanged at its current 5.25 to 5.50 percent range. Nonetheless, today’s decision could be of interest for traders as the focus will be on the Fed’s forward guidance. If Fed policy makers signal a greater inclination to patience and show less willingness to deliver multiple rate cuts, the U.S. dollar could rise.

Furthermore, the Fed releases updated macro projections, including the dot-plot at 18:00 GMT, followed by Fed Chair Jerome Powell’s press conferences 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 20/3/24:

EUR/USD

Long @ 1.0890

Short @ 1.0825

GBP/USD

Long @ 1.2760

Short @ 1.2690

DAX® (GER40)

Long @ 18030

Short @ 17960

 

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

Fasten Your Seatbelt For A Busy Week

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This week will be one of the busiest with the highlight being tomorrow’s Federal Reserve monetary policy decision. The Bank of England is due to announce its policy decision on Thursday but it’s expected that the BoE will not be able to cut rates before August, whereas the Fed and the European Central Bank will likely cut in June.

We wish everyone good trades for this week.

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 19/3/24:

EUR/USD

Long @ 1.0910

Short @ 1.0835

GBP/USD

Long @ 1.2765

Short @ 1.2690

DAX® (GER40)

Long @ 17960

Short @ 17870

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.

Small Price Movements

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As expected, not much has happened yesterday amid low volatility and small price movements.

Let’s see whether today provides more trading chances.

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 14/3/24:

EUR/USD

Long @ 1.0980

Short @ 1.0915

GBP/USD

Long @ 1.2825

Short @ 1.2765

DAX® (GER40)

Long @ 17990

Short @ 17920

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

Trading Signals On CPI-Day

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All eyes on U.S. CPI data today at 12:30 UTC.

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 12/3/24:

EUR/USD

Long @ 1.0970

Short @ 1.0925

GBP/USD

Long @ 1.2835

Short @ 1.2780

DAX® (GER40)

Long @ 17880

Short @ 17760

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

U.S. Dollar Bulls Hope For A Comeback Tuesday

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The U.S. dollar has been on the backfoot since mid-February but dollar bulls hope for a lift by an upside surprise in the U.S. CPI prints, due on Tuesday. The U.S. inflation print is the only interesting report this week as it will be an extremely quiet week ahead of next week’s crucial central bank decisions from the Federal Reserve and the Bank of England.

Things were more volatile on Friday. The latest U.S. Jobs report showed the unemployment rate rose from 3.7 to 3.9 percent and average hourly earnings fell while the headline NFP number beat market expectations.

Meanwhile, the British pound has been benefiting from the greenback’s pullback and thus, the GBP/USD finally broke above 1.28 heading towards 1.29. A next crucial hurdle is now seen at 1.30.

Even though dollar bears have gained control, the tables could turn on Tuesday. If February’s U.S. inflation print comes in above estimates, dollar bulls may experience a comeback.

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.

www.maimar.co

Lack Of Direction

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The U.S. dollar lacked direction ahead of Fed Chair Powell’s testimony before Congress starting today. If Powell surprises on the hawkish side with later-than-expected rate cuts this year, the greenback would benefit.

On the back of the recent sideways movement, none of our yesterday’s trading signal entries was triggered.

However, the main event for traders this week will be Friday’s NFP report.

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 6/3/24:

EUR/USD

Long @ 1.0865

Short @ 1.0830

GBP/USD

Long @ 1.2715

Short @ 1.2660

DAX® (GER40)

Long @ 17740

Short @ 17660

 

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.