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Daily Market Analysis 05/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18842 with take profit at 1.18951. Bearish Preference: Sell position is envisaged if price trades below 1.18492 with take profit at 1.18381. Fundamentals:No Major Fundamentals  Comment: The USD perched up to a fresh two-month-high on the morning of NFP. But, once the details of the report were incorporated …

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Daily Market Analysis 05/07/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1795.41 with take profit at 1798.10. Bearish Preference: Sell position is envisaged if price trades below 1787.16 with take profit at 1784.45. Fundamentals:No major fundamental. Comment: Gold prices traded modestly higher during Monday’s APAC session, as a weaker US Dollar and lower yields bolstered the appeal of the yellow …

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Daily Market Analysis 02/07/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14618.14 with take profit at 14632.40. Bearish Preference: Sell position is envisaged if price trades below 14558.76 with take profit at 14546.46. Fundamentals:1:30 pm USD    Average Hourly Earnings m/m                USD Non-Farm Employment Change                …

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Daily Market Analysis 02/07/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1790.10 with take profit at 1792.50. Bearish Preference: Sell position is envisaged if price trades below 1780.96 with take profit at 1778.88. Fundamentals:1:30pm    USD    Average Hourly Earnings m/m                USD Non-Farm Employment Change                USD   …

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Daily Market Analysis 02/07/2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 75.89 with take profit at 76.08. Bearish Preference: Sell position is envisaged if price trades below 75.14 with take profit at 74.96. Fundamentals:All Day OPEC-JMMC Meetings Comment: Oil was up Friday morning in Asia, retaining its gains from the previous session after a disagreement within the …

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Daily Market Analysis 02/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18509 with take profit at 1.18638. Bearish Preference: Sell position is envisaged if price trades below 1.18147 with take profit at 1.18013. Fundamentals:1:30 pm   EUR    ECB President Lagarde Speaks                USD    Average Hourly Earnings m/m        …

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Daily Market Analysis 01/07/2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 34502 with take profit at 34534. Bearish Preference: Sell position is envisaged if price trades below 34328  with take profit at 34279. Fundamentals:USD 1:30 PM Unemployment Claims        3:30 PM ISM Manufacturing PMI Comment: The Federal Reserve has made a substantial improvement in the health …

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Daily Market Analysis 01/07/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18870 with take profit at 1.19008. Bearish Preference: Sell position is envisaged if price trades below 1.18291 with take profit at 1.18133. Fundamentals:USD 1:30 PM Unemployment Claims         3:30 PM ISM Manufacturing PMI Comment: The Federal Reserve’s hawkish shift in June continues underpinning the dollar, …

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Daily Market Analysis 01/07/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1780.02 with take profit at 1782.27. Bearish Preference: Sell position is envisaged if price trades below 1771.91 with take profit at 1769.54. Fundamentals:USD 1:30 PM Unemployment Claims         3:30 PM ISM Manufacturing PMI Comment: The dollar was headed for its biggest monthly rise …

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Daily Market Analysis 01/07/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38452 with take profit at 1.38617. Bearish Preference: Sell position is envisaged if price trades below 1.37804 with take profit at 1.37610. Fundamentals:GBP 9:00 AM BOE Gov Bailey Speaks         9:30 AM Final Manufacturing PMIUSD 1:30 PM Unemployment Claims        3:30 PM …

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