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Daily Analysis

Daily Market Analysis 08.11.2022: GOLD

Instrument: GOLD+ Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1671.85 with take profit at  1672.87 Bearish Preference: A Sell position is envisaged if price trades below price 1667.30 with take profit at 1665.93 Fundamentals:USD:  Congressional Elections  (All Day) Comment: The gold price has found support ahead of crucial US CPI on Thursday. The market has expectations …

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Daily Market Analysis 04.11.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1654.67 with take profit at 1657.36 Bearish Preference: A Sell position is envisaged if price trades below price 1646.80 price with take profit at 1644.43 Fundamentals:1:30PM USD Average Hourly Earnings m/m                            USD Non-Farm …

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Daily Market Analysis 04.11.2022: US100

Instrument: US100 Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 10866.64 with take profit at 10895.72. Bearish Preference: A Sell position is envisaged if price trades below price 10775.41 with take profit at 10756.25. Fundamentals:1:30PM USD Average Hourly Earnings m/m                            USD …

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Daily Market Analysis 04.11.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 97.06 with take profit at 97.45. Bearish Preference: A Sell position is envisaged if price trades below price 96.02 with take profit at 95.75. Fundamentals:None with high impact on the commodity. Comment: Oil prices turned higher on Friday as the dollar eased, but gains were …

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Daily Market Analysis 04.11.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1.12448 with take profit at 1.12621. Bearish Preference: A Sell position is envisaged if price trades below price 1.11902 with take profit at 1.11719. Fundamentals:1:30PM USD Average Hourly Earnings m/m                            USD …

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Daily Market Analysis 03.11.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.13349 with take profit at  1.13828 Bearish Preference: Sell position is envisaged if price trades below 1.12237 with take profit at 1.11516 Fundamentals:1:00pm GBP- BOE Monetary                   Policy Report            GBP- MPC Official Bank      …

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Daily Market Analysis 03.11.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Bullish Preference: A Buy position is envisaged if price trades above 95.42 with take profit at 96.18 Bearish Preference: A Sell position is envisaged if price trades below price 94.50 with take profit at 94.10 Fundamentals:3:00pm USD ISM Services PMI Comment: A strong dollar reduces demand for oil by making the fuel more expensive …

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Daily Market Analysis 03.11.2022: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 0.97824 with take profit at  0.98043 Bearish Preference: Sell position is envisaged if price trades below 0.97445 with take profit at 0.97253 Fundamentals:3:00pm USD ISM Services PMI Comment: Fed Decision, ADP, Zhengzhou Lockdown The U.S. Federal Reserve is expected to raise its key interest rate by another 75 …

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Daily Market Analysis 03.11.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Bullish Preference: A Buy position is envisaged if price trades above 1632.73 with take profit at  1636.69 Bearish Preference: A Sell position is envisaged if price trades below price 1621.50 with take profit at 1617.16 Fundamentals:3:00pm USD ISM Services PMI Comment: European Stock Futures Lower, with another hefty hike by the Federal Reserve and …

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USDJPY Ananlysis

Daily Market Analysis 02.11.2022: USDJPY

Instrument: USDJPY+ Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 147.729 with take profit at  148.119 Bearish Preference: Sell position is envisaged if price trades below 146.941 with take profit at 146.572 Fundamentals:1:15pm    USD    ADP Non-Farm Employment Change7:00pm    USD    FOMC Statement Comment: The Japanese yen bucked the trend, rising 0.7% on expectations that the …

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