Instrument: AUDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 93.307 with take profit at 93.655 Bearish Preference: Sell position is envisaged if price trades below 92.626 with take profit at 92.301 Fundamentals:No major fundamental Comment:Most Asian currencies were muted on Wednesday as weaker-than-expected economic prints from China and Australia soured sentiment towards the region, while …
Instrument: EURGBP Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 0.86109 with take profit at 0.86200 Bearish Preference: Sell position is envisaged if price trades below 0.85991 with take profit at 0.85870 Fundamentals:No major fundamental Comment: In Europe, German industrial production rose just 0.3% on the month in April, an improvement from the previous month’s revised 2.1% slump, …
Instrument: OIL. WTI Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 70.64 with take profit at 71.02. Bearish Preference: Sell position is envisaged if price trades below 69.89 with take profit at 69.64. Fundamentals:CAD 1:30pm Building Permits m/m CAD 3:00pm Ivey PMI Comment:Cenovus Energy has restarted some 62,000 bpd of daily crude …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.34380 with take profit at 1.34705. Bearish Preference: Sell position is envisaged if price trades below 1.34138 with take profit at 1.33902. Fundamentals:CAD 1:30pm Building Permits m/m CAD 3:00pm Ivey PMI Comment: The USD/CAD pair struggles to capitalize on the previous day’s modest …
Instrument: AUDUSD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 0.66803 with a take profit at 0.66933 Bearish Preference: A sell position is envisaged if the price trades below 0.66518 with a take profit at 0.66368 Fundamentals:5 AM AUD: RBA Rate Statement Cash Rate Comment: The US Dollar steadied through the Asian session today …
Instrument: EURAUD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 1.61134 with take profit at 1.61395 Bearish Preference: A sell position is envisaged if the price trades below 1.60414 with a take profit at 1.60159 Fundamentals:5 AM AUD: RBA Rate Statement Cash Rate Comment:Today, the Reserve Bank of Australia (RBA) increased the cash …
Instrument: USDPLN Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 4.2058 with take profit at 4.2174. Bearish Preference: A sell position is envisaged if the price trades below 4.1856 with take profit at 4.1732. Fundamentals:3:00 pm USD ISM Services PMI Comment:Most Asian currencies retreated on Monday, while the dollar traded near two-month highs …
Instrument: NZDUSD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 0.60531 with take profit at 0.60631. Bearish Preference: A sell position is envisaged if the price trades below 0.60397 with take profit at 0.60291. Fundamentals:3:00 pm USD ISM Services PMI Comment: The dollar edged up against major currencies on Monday, as markets priced in …
Instrument: EURCHF Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 0.97625 with take profit at 0.97729. Bearish Preference: A sell position is envisaged if the price trades below 0.97239 with take profit at 0.97120. Fundamentals:7:30am CHF CPI m/m Comment:The consumer price index (CPI) increased by 0.3% in May 2023 compared with the previous …
Instrument: FRA 40 Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 7302.5 with take profit at 7325.0. Bearish Preference: A sell position is envisaged if the price trades below 7250.2 with take profit at 7222.3. Fundamentals:2:00pm EUR ECB President Lagarde Speaks Comment: European stock markets are expected to open in a cautious manner Monday …
