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Daily Analysis

Daily Market Analysis 6/08/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.900 with take profit at 110.043. Bearish Preference: Sell position is envisaged if price trades below 109.668 with take profit at 109.539. Fundamentals:1:30pm    USD    Average Hourly Earnings m/m                    USD    Non-Farm Employment Change              …

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Daily Market Analysis 06/08/2021: OILS

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.07 with take profit at 72.71. Bearish Preference: Sell position is envisaged if price trades below 71.36  with take profit at 70.76. Fundamentals:No Major Fundamental. Comment: Oil prices extended gains on Friday, but remained on track for their biggest weekly decline since March as travel …

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Daily Market Analysis 05/08/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15119.55 with take profit at 15132.29. Bearish Preference: Sell position is envisaged if price trades below 15091.59 with take profit at 15076.80. Fundamentals:USD 1:30PM   Unemployment Claims                       Trade Balance Comment: Broadly, the continued evolution of COVID-19, …

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Daily Market Analysis 05/08/2021: OILS

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 71.11 with take profit at 71.33. Bearish Preference: Sell position is envisaged if price trades below 70.27 with take profit at 70.06. Fundamentals:None with a high impact on the Commodity Comment: Oil prices declined towards $70 a barrel on Thursday as more countries imposed fresh …

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Daily Market Analysis 05/08/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.39281 with take profit at 1.39434. Bearish Preference: Sell position is envisaged if price trades below 1.38951 with take profit at 1.38793. Fundamentals:GBP 12:30PM    Asset Purchase Facility                           BOE Monetary Policy Report    …

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Daily Market Analysis 05/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1814.14 with take profit at 1816.11. Bearish Preference: Sell position is envisaged if price trades below 1810.44 with take profit at 1808.81. Fundamentals:USD 1:30PM   Unemployment                             Claims          …

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Daily Market Analysis 04/08/2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 15078.68 with take profit at 15102.94. Bearish Preference: Sell position is envisaged if price trades below 15012.22 with take profit at 14988.62. Fundamentals:1:15pm    USD               ADP                   Non-Farm Employment              …

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Daily Market Analysis 04/08/2021: OILS

Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.52 with take profit at 72.79. Bearish Preference: Sell position is envisaged if price trades below 71.38 with take profit at 71.14. Fundamentals:3:30pm    USD Crude Oil Inventories Comment: Oil prices slipped on Wednesday as the spread of the coronavirus Delta variant in top consuming countries outweighed Mideast …

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Daily Market Analysis 04/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1815.37 with take profit at 1816.92. Bearish Preference: Sell position is envisaged if price trades below 1811.27 with take profit at 1809.72. Fundamentals:1:15pm    USD     ADP Non-Farm Employment Change3:00pm    USD    ISM Services PMI Comment: Gold, like the currency markets, appears to be in wait-and-see mode… gold’s …

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Daily Market Analysis 04/08/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.39383 with take profit at 1.39493. Bearish Preference: Sell position is envisaged if price trades below 1.39162 with take profit at 1.39049. Fundamentals:1:15pm    USD ADP Non-Farm Employment Change3:00pm    USD ISM Services PMI Comment: The dollar edged lower Wednesday, remaining near recent lows ahead of the …

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