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NFP Trading Signals

It’s Nonfarm Payrolls Day today and as usual, investors will keep an eye on the U.S. employment data as it provides a general sense of the market’s sentiment. A strong report may support a minimal 25 bp rate cut by the Federal Reserve, whereas weaker labour market figures could heighten the possibility of a 50 bp reduction at the FOMC September meeting.

In other words, expect some volatility at the release time at 12:30 GMT.

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 6/9/24:

EUR/USD

Long @ 1.1135

Short @ 1.1080

GBP/USD

Long @ 1.3190

Short @ 1.3140

 

Settings for all trades today:  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 Falls Below 1.08

The U.S. dollar gained across the board after Nonfarm payrolls data on Friday surpassed even the most optimistic of estimates showing a strong U.S. labor market. The fact that the unemployment rate rose to 4 percent appeared to fade into the background as it was not notable enough to detract from the rosy jobs and wage data. Markets therefore scaled back bets on a Federal Reserve September rate cut.

This week, the focus turns to the Federal Reserve meeting on Wednesday, where the central bank is likely to keep interest rates unchanged. However, market participants will closely watch any hints on when the Fed plans to begin cutting rates. In addition, U.S. inflation data is also due on Wednesday. Inflation remains sticky and this fact has been the Fed’s biggest consideration in altering interest rates.

As for the euro, increased political uncertainty in Europe, after voting across the European Union showed a clear shift towards right-wing and far-right parties, could also potentially dent sentiment. The EUR/USD opened today below 1.08. Dipping below 1.0760 could lead to a steeper fall and a next lower target at 1.0725.

 

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

Signal Entries For NFP Release

The U.S. Nonfarm payrolls report is scheduled for release today at 13:30 UTC. Our signals are only valid for around the NFP 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 2/2/24:

EUR/USD

Long @ 1.0890

Short @ 1.0840

GBP/USD

Long @ 1.2765

Short @ 1.2725

 

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.

U.S. Dollar Weakness

The British pound and euro reversed sharply higher last Friday after U.S. jobs data saw only 150k created in October, missing the market’s expectations of 180k. Furthermore, U.S. Treasury yield sell-off accelerated after Friday’s NFP report, which in turn weakened the U.S. dollar. There is a growing feeling that interest rates in the U.S. have peaked and that a potential recession in the next months could make rate cuts necessary.

GBP/USD

Technically, we got the price breakout we have been looking for. Sterling surged until almost 1.24 on Friday. The EMA200 oscillates at 1.2410 and if sterling bulls will want to turn the tide from bearish to bullish, they will need to stabilize sterling above 1.24. Watch out for a rise above 1.2415 now. A fresh support could now lie at around 1.2150.

EUR/USD

The euro hit 1.0746 after the 1.05-support has proved to hold. If the bullish bias continues, we will keep tabs on a break above 1.0760 in order to pencil in a higher target at around 1.0940.

DAX

The index was on the rise again and stabilized above the 15000-mark. We now see a next higher target at 15460 from where we may see stronger pullbacks. On the downside, the 15000-threshold, however, remains a crucial barrier.

This trading week will be a quieter week for traders in terms of market-moving event risks.

We will not invest too much at the start of 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.

 

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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NFP-Day

Here are our trading ideas for the release of U.S. payrolls data due at 13:30 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 10/3/23:

EUR/USD

Long @ 1.0610

Short @ 1.0565

GBP/USD

Long @ 1.1970

Short @ 1.1890

DAX® (GER40)

Long @ 15440

Short @ 15390

 

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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Instagram

What’s In Store For This Week?

What will be important on the fundamental docket this week?

Federal Reserve chair Jerome Powell will deliver his semi-annual testimony to lawmakers on Tuesday and Wednesday. His remarks will be closely watched in terms of Fed rate expectations. The U.S. dollar will rise if Powell continues to talk up further rate hikes.

On Friday, the U.S. Payrolls are expected to show slower hiring in February. However, if we see another upside surprise, the door will be open to a stronger greenback.

DAX: We finally got a price breakout, but not to the downside as initially anticipated but to the upside and towards a test of the 15650-60 region – the latest resistance area.

EUR/USD: The pair remained in a tight trading range with a crucial support lying at around 1.05 whereas a current resistance is seen at 1.07. The next high-risk event for the euro will be next week’s ECB decision (March 16).

GBP/USD: The cable’s support at around 1.19 proved to hold so far. If U.S. payrolls data come in below expectations on Friday, it could result in a positive move for the pound.

Daily Forex and DAX Signals:

 

Our trading ideas for today 6/3/23:

EUR/USD

Long @ 1.0660

Short @ 1.0620

GBP/USD

Long @ 1.2060

Short @ 1.2020

DAX® (GER40)

Long @ 15630*

Short @ 15580

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

Twitter

Instagram

 

Further U.S. Dollar Gains Ahead?

We have entered the final quarter of the year and following last month when global stocks posted their worst performance since March 2020, the fourth quarter could be the most uncertain environment of 2021. One of the market’s main concerns is elevated inflation and after Friday’s PCE report for August came in higher-than-expected, markets could be increasing Federal Reserve rate hike bets.

This week, all eyes turn to the U.S. Nonfarm payrolls report on Friday. Economists expect a job gain of 470k in September while hourly earnings are expected to come in hotter-than expected at 4.6 percent y/y from 4.3 percent prior. If these forecasts turn out to be correct, the U.S. dollar could further appreciate. A materially lower outcome could derail the Fed from its less-dovish policy path.

Before coming to Friday’s payrolls report, we will keep tabs on the technical picture.

EUR/USD

In short-term time frames we focus on the 1.1580-support on the downside and the 1.1620-resistance on the upside. If the euro drops below 1.1580, we anticipate further losses with a next bearish target at 1.15. If the euro, however, climbs above 1.1620 we could see a test of 1.1660.

GBP/USD: Remaining below 1.36 we expect further losses towards 1.3350.

DAX: Friday’s dip below the crucial 15000-mark proved short-lived – at least until today. As long as the index fluctuates below 15650, we favor bearish movements with a next lower target at 14900. A break below 14800 could generate an even stronger sell signal towards 14400. For a bullish breakout on the other side, we would need to see prices above 15650.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

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Will Payrolls Reignite The Dollar’s Strength?

Good morning traders, it’s payrolls day again.

The U.S. jobs report will shape expectations about when the Federal Reserve might start tapering its stimulus and when to expect a rate hike. Since this is a highly awaited event risk, we will prepare for bigger moves amid possibly extreme volatility.

We saw the U.S. dollar holding a drop ahead of today’s report and going into the release, the greater impact seems to come from a stronger reading that spurs bullish momentum in the dollar. Should the reading disappoint the forecast for a 750,000 jobs increase, the greenback will further depreciate.

Looking at the EUR/USD, however, even in case of a weaker payrolls number, the rise of the euro might be limited as the pair remains overbought with a correction overdue.

The GBP/USD broke above 1.3830 and next targets could be at 1.3860 and 1.3880 but it’s the same situation as the EUR/USD: Both pairs look overbought and thus, chances are in favor of a greater impact for USD strength in case of an upbeat NFP report.

We wish everyone good trades and a beautiful weekend.

 

If you like to know how we trade the payrolls and at which price levels we enter, 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.

 

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Will The U.S. Dollar Resume Its Rally This Week?

Anxiety about the Federal Reserve’s hawkish pivot eased and the market returned back to a sleepy sideways consolidation mode while volatility receded. The only market-moving event risk this week could be the June U.S. nonfarm payrolls report on Friday.

Economists expect that payrolls have risen by 700K in June after disappointing payrolls growth in April and May. However, while predictions in both previous months were also well above the actual figures, payrolls forecasts must be taken with a grain of salt. The lifting of pandemic-related restrictions in June, however, could have boosted new employment. This means that there could be more upside potential for the U.S. dollar in the run-up to the report.

EUR/USD: The pair stuck in a tight trading range between 1.1975 and 1.1910. Above 1.1980 we may see a test of 1.20 but with potential catalysts lacking, chances are in favor of fresh bearish momentum with the dollar may gaining traction ahead of Friday’s job report. A break below 1.1910 could reignite bearish momentum towards 1.1870 and 1.18.

GBP/USD: After the 1.40-level has proved as a resistance, the focus is on a break below the 1.38-support with a next lower target at around 1.3750.

DAX: Recently, the index didn’t see any significant movements within its uptrend channel. We continue to look at a price range between 15900 and 15400.

Daily Forex 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 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

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Focus On BoE And NFP Report

The U.S. dollar ended the last week higher against the euro and British pound and while the dollar’s recent strength appeared to be month-end rebalancing flows, traders wonder whether the dollar could extend its gains this week. Greenback bulls could hope for further bullish potential as long as there is a rise in U.S. Treasury yields but we bear in mind that rising near-term inflation expectations could outpace gains in U.S. Treasury yields while a dovish Federal Reserve could limit gains in the dollar.

On Friday we will have April’s non-farm payrolls report scheduled for release and almost one million jobs are anticipated to be added. The unemployment rate is also expected to decline to 5.7 percent from 6 percent in the previous month. The focus will also be on average hourly earnings for further insight into inflationary pressures.

GBP/USD

It could be a volatile week for the British pound. The Bank of England is due for its monetary policy announcement on Thursday and a QE taper could be in the cards. On the same day Scotland holds parliamentary elections which could bring back expectations of another independence referendum. Sterling could come under pressure ahead of the election as a potential referendum remains a risk for the currency.

As for Thursday’s other risk event, the Bank of England is expected to upgrade its economic projections with a stronger Q2 GDP forecast and there is a chance that the BoE will announce a slight tapering of asset purchases.

Technically, chances are slightly in favor of the bears right now with the pair eyeing the 1.38-support. If the cable falls below 1.3770, we could see a test of the lower support around 1.37 and possibly even a fall towards 1.36. However, given the possibility of a BoE taper on Thursday, losses might be limited to the support zones.

EUR/USD

The euro gave up some of its recent gains and dipped towards its crucial support at 1.20. We expect a lower support area to be at around 1.1950 from where more buyers could swoop in. A current resistance is seen at 1.2130. If the euro falls below 1.1940, bearish momentum may accelerate towards 1.1850 and 1.18.

We wish you good trades!

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2021 MaiMarFX.

www.maimar.co

Follow us on social media:

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