Posts

GBP/USD Holds Above 1.30

Dear Traders,

Sellers in the GBP/USD remained in control after the U.K. CPI fell short of expectations. The soft inflation report is making a BoE rate hike next month less likely than previously expected. The pound tested the 1.3010-mark but was later able to stabilize above 1.3050. Higher resistances could now come in at 1.3150 and 1.3230. As long as the pound remains below 1.3230 we may see a dip towards 1.2950.

Sterling traders may keep an eye on U.K. Retail Sales today at 8:30 UTC.

For day traders of the EUR/USD there was nothing to gain Wednesday. The euro fell victim to a strengthening dollar but losses were limited to the 1.16-handle. As long as 1.16 holds we expect the pair to trade between 1.1720 and 1.1620.

Given the liquidity drain, traders should bear in mind that trading conditions could be challenging during the summer months. A proper risk management is therefore indispensable.

Additional daily and long-term entries are available for subscribers.

View our daily signal alerts http://www.maimar.co/category/daily-signals/

Subscribe to our daily signal service http://www.maimar.co/signals/

We wish you good trades and many pips!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2018 Maimar-FX.

www.maimar.co

Quiet Trading

Dear Traders,

U.S. inflation data came in line with expectations whereupon the dollar gave up some of its gains. However, the greenback had a rather mixed day while it ended yesterday’s trading day virtually unchanged against the euro and British pound.

Generally speaking, it seems that many market participants refrain from taking any larger positions now amidst the liquidity drain during the summer months. Therefore, we recommend to trade at a low risk or stay at the sidelines as long as risk events are lacking.

The Fed will deliver its monetary policy report to Congress today at 15:00 UTC.

We wish you a wonderful weekend.

Daily Forex Signals:

Additional daily and long-term entries are available for subscribers.

View our daily signal alerts http://www.maimar.co/category/daily-signals/

Subscribe to our daily signal service http://www.maimar.co/signals/

We wish you good trades and many pips!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2018 Maimar-FX.

www.maimar.co

 

Muted Market Conditions As Meaningful Event Risks Lack

Dear Traders,

There was little consistency in the performance of the U.S. dollar ahead of the Federal Reserve rate decision on Wednesday. The greenback slightly strengthened against the euro but gains were limited to a low of 1.1625. While the USD remains an unattractive buy against other better-positioned currencies, we expect higher volatility in all USD crosses starting tomorrow.

EUR/USD: The euro revisited its current support area around 1.1620 but refrained from trading any lower than 1.1625, at least for the time being. We still see an important resistance at 1.17/1.1715. On the downside, a break below 1.1615 could spark bearish momentum towards 1.1540.

GBP/USD: The cable traded flat between 1.3060 and 1.3015. Any price breakouts either above 1.3060 or below 1.2990 could result in more meaningful swings.

Important economic data scheduled for release today:

8:00 EUR German IFO Index

14:00 USA Consumer Confidence

(Time zone UTC)

Daily Forex signals:

Additional daily and long-term entries are available for subscribers.

View our daily signal alerts http://www.maimar.co/category/daily-signals/

Subscribe to our daily signal service http://www.maimar.co/signals/

We wish you good trades and many pips!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2017 Maimar-FX.

www.maimar.co

 

 

 

Dollar Strengthened Amidst Quiet Trading Environment

Dear Traders,

The U.S. dollar regained some strength and rose against the euro and British pound Monday. However, yesterday’s rebound in the dollar is still not significant enough to alter the technical outlook, thus far.

The euro fell toward 1.1350 and with U.S. markets being closed for the Independence Holiday today, we expect the EUR/USD to remain trading between 1.1440 and 1.13. If the euro dips below 1.1325 we anticipate increased bearish momentum towards 1.1290. For euro bulls to regain control, the euro will need to take the hurdle at 1.14 significantly.

The pound sterling came off its highs but found some halt near 1.2930. If the cable slides below 1.29 we expect a next support to be at around 1.2860. On the topside, the pound will need to break above 1.3030 in order to encourage sterling bulls for a test of 1.3060 and 1.31.

The U.K. Construction PMI is scheduled for release at 8:30 UTC and this is already the only piece of data today.

It is the U.S.  Independence Holiday today and trading is expected to be quiet.

Daily Forex signals:

Additional daily and long-term entries are available for subscribers.

View our daily signal alerts http://www.maimar.co/category/daily-signals/

Subscribe to our daily signal service http://www.maimar.co/signals/

We wish you good trades and many pips!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2017 Maimar-FX.

www.maimar.co

 

 

 

Quiet Trading But Prepare For Upcoming Momentum

Dear Traders,

The market was quiet- surprisingly quiet compared to other summer months in the past. However, we were able to profit even amidst this low volatile market and look back on a profitable performance this month. While the performance of the EUR/USD is still lagging behind, recording a small profit of currently 33 pips, traders of the GBP/USD can be happy about the exceptional level of profits. Here we already gained a nice profit of 301 pips in June.

There is nothing new to report, at least nothing that changes the technical outlook in the near-term. Both EUR/USD and GBP/USD traded within very tight ranges, ending yesterday’s trading day virtually unchanged. Consequently, none of our daily signal entries was triggered.

We may see some accelerated momentum today. While today’s economic data reports are only of secondary importance, there are at least two reports on the economic calendar which are worth mentioning. The Eurozone PMI reports are due for release at 7:30 and 8:00 UTC and could have a short-lived impact on the euro. From the U.S. we have the PMI reports scheduled for release at 13:45 UTC followed by New Home Sales (14:00 UTC).

We wish you good trades and a beautiful weekend.

Daily Forex signals:

Additional daily and long-term entries are available for subscribers.

View our daily signal alerts http://www.maimar.co/category/daily-signals/

Subscribe to our daily signal service http://www.maimar.co/signals/

We wish you good trades and many pips!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2017 Maimar-FX.

www.maimar.co