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Daily Market Analysis 21|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1879.92 with take profit at 1883.16. Bearish Preference: Sell position is envisaged if price trades below 1861.99 with take profit at 1855.89. Fundamentals:USD 2:45 PM     Flash Manufacturing PMI Comment: Gold was down on Friday morning in Asia as an improving economic outlook broadened investors’ …

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Daily Market Analysis 21|05|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.21009 with take profit at 1.21147. Bearish Preference: Sell position is envisaged if price trades below 1.20709 with take profit at 1.20567. Fundamentals:1:30pm    CAD     Core Retail Sales m/m                CAD     Retail Sales m/m2:45pm    USD     Flash …

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Daily Market Analysis 20|05|2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.21185 with take profit at 1.21317. Bearish Preference: Sell position is envisaged if price trades below 1.20973 with take profit at 1.20852. Fundamentals:1:30pm  USD   Philly Fed Manufacturing Index Unemployment Claims1:30pm  USD   Unemployment Claims1:30pm  CAD   ADP Non-Farm Employment Change NHPI m/m4:00pm  CAD   BOC Gov Macklem Speaks …

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Daily Market Analysis 20|05|2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 33764 with take profit at  33826. Bearish Preference: Sell position is envisaged if price trades below 33577 with take profit at 33507. Fundamentals:1:30 pm  USD   Philly Fed Manufacturing Index.1:30 pm USD   Unemployment Claims3:00 PM CB Leading Index m/m Comment: U.S. stocks are seen opening lower …

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Daily Market Analysis 20|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.22084 with take profit at 1.22194. Bearish Preference: Sell position is envisaged if price trades below 1.21882 with take profit at 1.21796. Fundamentals:1:00pm  EUR   ECB President Lagarde Speaks 1:30pm  USD   Philly Fed Manufacturing Index Unemployment Claims Comment: U.S. stocks are seen opening sharply lower Wednesday, continuing the downward …

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Daily Market Analysis 20|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1875.86 with take profit at 1878.32. Bearish Preference: Sell position is envisaged if price trades below 1869.04 with take profit at 1866.05. Fundamentals:1:30 pm  USD  Philly Fed Manufacturing Index Unemployment Claims Comment: Gold was down on Thursday morning in Asia but remained just below the four-month …

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Daily Market Analysis 19|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13071.57 with take profit at 13120.40. Bearish Preference: Sell position is envisaged if price trades below 12980.63 with take profit at 12943.55. Fundamentals:7:00 pm  USD FOMC Meeting Minutes  Comment: U.S. stocks are seen opening sharply lower Wednesday, continuing the downward move from the previous session, with …

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Daily Market Analysis 19|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 67.66 with take profit at 67.94. Bearish Preference: Sell position is envisaged if price trades below 66.99 with take profit at 66.69. Fundamentals:3:30 pm    USD     Crude Oil Inventories Comment: Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases …

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Daily Market Analysis 19|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.22480 with take profit at 1.22649. Bearish Preference: Sell position is envisaged if price trades below 1.22143 with take profit at 1.21990. Fundamentals:7:00 pm USD FOMC Meeting Minutes  Comment: The dollar edged marginally lower in early European trade Wednesday, remaining near multi-month lows ahead of the …

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Daily Market Analysis 19|05|2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 33962 with take profit at 34061. Bearish Preference:  Sell position is envisaged if price trades below 33765 with take profit at 33654. Fundamentals:7:00pm  USD FOMC Meeting Minutes   Comment: Wall Street has been volatile in recent days, with investors worried that an overheating economy could prompt the …

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