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U.S. PCE-Index In Focus

The PCE index is scheduled for release at 12:30 GMT 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 27/9/24:

EUR/USD

Long @ 1.1180

Short @ 1.1135

GBP/USD

Long @ 1.3420

Short @ 1.3360

DAX® (GER40)

Long @ 19310

Short @ 19180

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

EUR/USD und GBP/USD: Kann die Rallye anhalten?

Die über den Erwartungen liegende Zinssenkung der Federal Reserve um 50 Basispunkte in der vergangenen Woche löste eine erneute Erholung des EUR/USD und des GBP/USD aus. Der Euro testete erneut den Bereich um 1,1190, während sich der Cable mit einem Anstieg auf einen Höchststand von 1,3340 als bester Performer der letzten Woche erwies.

In dieser Woche wird es voraussichtlich ruhiger zugehen, was die marktbewegenden Daten angeht, denn am Freitag steht nur die PCE-Inflation auf dem Programm.

Zwar ist der Optimismus über Zinssenkungen die treibende Kraft hinter der jüngsten Marktrallye, doch müssen wir zugeben, dass die Rezessionsängste noch nicht ausgestanden sind. Außerdem haben die Währungshüter die Inflation noch nicht für besiegt erklärt weshalb die Fed-Beamten nicht mit weiteren großen Zinssenkungen rechnen. Wir werden daher die PCE-Inflationsdaten im Auge behalten.

EUR/USD

Der Euro konnte zwar keinen neuen Höchststand erreichen, doch bildete das Paar ein symmetrisches Dreieck aus, was auf die Möglichkeit eines weiteren Anstiegs innerhalb des jüngsten Aufwärtstrends hindeuten könnte. Oberhalb von 1,1190 ist ein nachhaltiger Durchbruch über 1,1210 erforderlich, um den Weg bis 1,1250 und 1,13 frei zu machen. Auf der Unterseite könnte ein Durchbruch unter 1,1030 und weiter unter 1,10 ein beschleunigtes Abwärtsmomentum auslösen.

GBP/USD – Pfund-Aufschwung

Das Pfund Sterling erlebte eine sehr starke letzte Woche, nachdem sich die BoE nicht auf einen bestimmten Lockerungspfad festlegte. Allerdings wird auch von der BoE im November eine Zinssenkung um 25 Basispunkte erwartet.

Der Trend ist unser Freund, und so sehen wir ein nächstes höheres Ziel bei 1,3360. Eine kurzfristige Unterstützung wird jedoch bei 1,3240 gesehen.

 

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 © 2024 MaiMarFX.

www.maimar.co

 

EUR/USD And GBP/USD: Rally To Continue?

The Federal Reserve’s larger-than-expected 50bp rate cut from last week triggered fresh rallies in the EUR/USD and GBP/USD. The euro tested the area around 1.1190 again, whereas the cable has proved to be last week’s best performer last with a surge to a high of 1.3340.

This week is expected to be a quieter one in terms of market-moving data with only the PCE inflation on tab this Friday.

While optimism over interest rate cuts is the driver behind the newest market rally, we must admit that recession fears are not over. Furthermore, policy makers have not yet declared victory over inflation and Fed officials are not anticipating further big reductions.  We will therefore keep an eye on the PCE inflation data.

EUR/USD

While the euro was unable to surge to a fresh high, the pair formatted a symmetrical triangle, suggesting the possibility of a next leg-up within the recent uptrend. Above 1.1190 it will need a sustained break above 1.1210 in order to clear the way until 1.1250 and 1.13. On the downside, a break below 1.1030 and further 1.10 could trigger accelerated bearish momentum.

GBP/USD – Pound Boost

The cable had a very strong last week after the BoE stood pat while policy makers were not pre-committing to a particular easing path. However, a 25bp rate cut is also expected from the BoE in November.

The trend is our friend and thus we anticipate a next higher target at 1.3360. A short-term support is however seen at 1.3240.

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

EUR/USD: Next Lower Target At 1.0520?

The U.S. dollar continued to move higher last week, boosted additionally by weakness in the euro and British pound. The pound sterling slid towards 1.2620 after the dovish Bank of England turn and the euro fell to its 1.0660-support area. Generally, we now prepare for a next leg lower towards 1.05 in the EUR/USD. We will wait for a break below 1.0630 in order to sell euros towards 1.0520 (orange ellipse).

Overall, we entered the summer doldrums when volatility is low due to thin liquidity and holiday-related conditions. Therefore, traders should not expect too much, trade with smaller positions, take profits even earlier or take a summer trading break.

This week, the only interesting pieces of economic data releases will be Wednesday’s final U.S. Q1 GDP report and Friday’s U.S. core PCE release. The PCE index has recently stalled around 2.8 percent, which is still well above the Federal Reserve’s target of 2 percent. Another unchanged print could therefore increase pressure on the Fed to leave interest rates unchanged for longer, which would be positive for the greenback.

 

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

EUR/USD And GBP/USD: Uptrends On Shaky Ground

Welcome to the last trading week in May.

The euro was able to hold above 1.08 after a recent correction. As long as 1.08 holds, the short-term uptrend in the EUR/USD remains intact and we focus on a next leg up towards 1.0950 and 1.10. The euro’s recent uptrend is however on shaky grounds after the Federal Reserve conveyed a hawkish stance, emphasizing that the disinflation process is still slow and that high interest rates might persist due to elevated inflation pressures. The markets’ lack of conviction as to when U.S. interest rates will fall, could generally be a bearish call for the euro and pound sterling.

The only central bank which still seems to be on track to cut rates in June is the European Central Bank. Therefore, all eyes are on the ECB’s rate cut on June 6.

This week’s main focus will be on the U.S. PCE Index, due for release on Friday. A downward surprise would be bearish for the U.S. dollar.

And again, we are off to a quiet start this week as both the US and UK markets are closed on Monday. So, don’t invest too much, trade with smaller positions or stay on the sidelines for now.

 

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.

Wait-And-See-Mode

Welcome to a new trading week. The focus this week will be on two significant economic data releases that could increase volatility in the U.S. dollar crosses. First will be the U.S. GDP for the first quarter (Thursday) and second the March’s core PCE data (Friday), the key inflation gauge for the Federal Reserve. Should both readings prove hotter-than-expected, traders could bet on the Fed maintaining higher interest rates for longer – a bullish outcome for the U.S. dollar.

Furthermore, geopolitical developments will play a major role and if there are signs of a potential de-escalation in the Middle East, the dollar could give up recent gains.

Risk management: We will start by a very low risk this week per trade since there are no major catalysts at the beginning of this week.

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.

 

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

Happy Easter!

Trading conditions are expected to remain quiet on Good Friday but the PCE Index, due for release today at 12:30 UTC, could be interesting to keep an eye on before the Easter holidays.

We wish you a nice Easter holiday and all the best.

We will be back on the desks on Tuesday.

 

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.

Traders Brace For Volatility

Yesterday was nothing to gain but this could change today as traders await the looming release of the core PCE deflator, today at 13:30 UTC. The Federal Fed’s preferred inflation gauge can influence the central bank’s monetary policy outlook. A hotter-than-expected print would boost the U.S. dollar.

So, be prepared for volatility!

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 29/2/24:

EUR/USD

Long @ 1.0865

Short @ 1.0820

GBP/USD

Long @ 1.2685

Short @ 1.2640

DAX® (GER40)

Long @ 17640

Short @ 17540

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 Could Strengthen Ahead Of Thursday’s PCE Data

Last week was characterized by a weakening U.S. dollar which has pushed both Euro and British pound towards a test of critical resistances. The euro climbed above 1.0830 and surged to a test of 1.0888 from where euro bulls were however unable to turn the tide. At the opening of this week, we see the common currency again below 1.0830, waiting for some directional bias.

The cable touched 1.2710 amid the broad-based dollar weakness but remains sideways and still lacks direction.

The only high-flying trading instrument has been the DAX which shot above 17200 until a high of 17450. Bulls hope for more upward momentum – but only if the index is able to hold above 17000.

This week, traders prepare for the possibility of wild price swings on Thursday with the eagerly awaited release of January’s PCE data. A stronger-than-expected report could propel the U.S. dollar upwards. The core PCE is forecast to have increased by 0.4 percent compared to the previous month and a higher reading could prompt the FOMC to delay the start of its easing cycle and to deliver fewer rate cuts than anticipated.

Let’s be surprised.

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

ECB Meeting And U.S. PCE Data Will Take Center Stage

Welcome to a new trading week.

From a fundamental perspective, trading might be in quiet waters at the beginning of this week but towards the end of the week we have two high-importance data releases and events.

The European Central Bank decision will take center stage on Thursday. Most action will come from the commentary by President Christine Lagarde. Markets currently expect the ECB to cut interest rates in April, but Lagarde warned that’s too early, pointing to a summer rate cut instead. While traders hope for a timetable of when to expect the first cut, this ECB meeting will likely be too soon to hope for a strong guidance. If Lagarde is however successful in dampening rate cut expectations, the euro could briefly spark higher.

On Friday, the core U.S. PCE index will be important in shaping expectations for Federal Reserve rate cuts.

Looking at the technical picture, both EUR/USD and GBP/USD remain stuck in broad ranges. As long as currencies are struggling for momentum, traders are advised to focus on range trading and breakout levels.

EUR/USD – Watch out for breakouts above 1.10 or below 1.08.

GBP/USD – Sideways range is intact. Sustained breakouts above 1.28 or below 1.25 will be of interest.

DAX – We will focus on a bullish break above 16820 in order to try another push for 17000. Remaining above 16300 will favor bullish action.

 

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