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Daily Market Analysis 11|05|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.41305 with take profit at 1.41537. Bearish Preference: Sell position is envisaged if price trades below 1.40899 with take profit at 1.40663. Fundamentals:3:30 PM    GBP    BOE Gov Bailey Speaks Comment: The dollar was up on Tuesday morning in Asia, but gains were capped by expectations that …

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Daily Market Analysis 11|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13290.50  with take profit at 13315.68. Bearish Preference: Sell position is envisaged if price trades below 13127.36 with take profit at 13099.50. Fundamentals:No major fundamental.  Comment:  The stocks markets are seen flat since the start of the week and weakening at the open Tuesday, following …

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Daily Market Analysis 10|05|2021: CADJPY

Instrument: CADJPY Technical Analysis Bullish Preference:  A buy position is envisaged if price trades above price 89.918 with take profit at price 90.068. Bearish Preference: A sell position is envisaged if price trades below price 89.625 with take profit at price 89.427. Fundamentals:No major fundamental. Comment: CAD/JPY rates have maintained their uptrend from the March and November 2020 lows unlike …

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Daily Market Analysis 10|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  69.06 with a take profit at price 69.19. Bearish Preference: A Sell position is envisaged if price trades below price 68.48 with a take profit at price 68.20. Fundamentals:No major fundamental.  Comment:  Crude oil prices edged higher during the Asia-Pacific mid-day session as a …

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Daily Market Analysis 10|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above  13695.68 with a take profit at price 13714.06. Bearish Preference: A Sell position is envisaged if price trades below price 13623.06 with a take profit at price 13601.76. Fundamentals:No major fundamental. Comment: Rising inflation expectations and robust economic data have seeded divergence among Fed officials. …

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Daily Market Analysis 10|05|2021: GBPJPY

Instrument: GBPJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 153.488 with take profit at price 153.654. Bearish Preference: A sell position is envisaged if price trades below price 153.081 with take profit at price 152.958. Fundamentals:No major fundamental.  Comment:  The British Pound has managed to outperform against most of its G10 FX …

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Daily Market Analysis 07|05|2021: GBPCAD

Instrument: GBPCAD Technical Analysis Bullish Preference:  Buy is envisage if price trades above 1.69882 with take profit at 1.70110. Bearish Preference: Sell is envisaged if price trades below 1.69047 with take profit at 1.68808. Fundamentals:1:30 PM   CAD    Employment Change                 CAD    Unemployment Rate Comment: Economists  look for the Canadian labour market to give …

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Daily Market Analysis 07|05|2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy is envisage if price trades above 1824.41 with take profit at 1828.24. Bearish Preference: Sell is envisaged if price trades below 1808.87 with take profit at 1799.09. Fundamentals:1:30 PM   USD    Average Hourly Earnings m/m                 USD    Non-Farm Employment Change            …

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Daily Market Analysis 07|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy is envisage if price trades above 1.20945 with take profit at 1.21095. Bearish Preference: Sell is envisaged if price trades below 1.20399 with take profit at 1.20249. Fundamentals:1:30 PM USD        Average Hourly Earnings m/m                  USD        Non-Farm Employment Change  …

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Daily Market Analysis 07|05|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy is envisage if price trades above 109.245 with take profit at 109.364. Bearish Preference: Sell is envisaged if price trades below 109.021 with take profit at 108.930. Fundamentals:1:30 PM USD    Average Hourly Earnings m/m                 USD    Non-Farm Employment Change              …

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