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Daily Market Analysis 05.09.2023: EURUSD

Instrument: EURUSD Bullish Preference: A buy position is envisaged if the price trades above 1.07763 WithTake profit at 1.07926 Bearish Preference: A sell position is envisaged if the price trades below 1.07526 with Take profit at 1.07405 Fundamentals:No major Fundamental               Comment:The recent struggle at key resistance reinforces the view that the US dollar’s …

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Daily Market Analysis 05.09.2023: AUDUSD

Instrument: AUDUSD Bullish Preference: Buy position is envisaged if price trades above 0.63879  With take profit at 0.64025 Bearish Preference: Sell position is envisaged if price trades below 0.63567 with Take profit at 0.63419 Fundamentals: 5:30 AUD Cash Rate         RBA Rate Statement Comment: The AUD/USD attempted to recover last week alongside the broader risk environment, but much may …

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Daily Market Analysis 04.09.2023: AUDUSD

Instrument: AUDUSD Bullish Preference: A buy position is envisaged if the price trades above 0.64698 with take profit at 0.64779. Bearish Preference: A sell position is envisaged if the price trades below 0.64542 with take profit at 0.64416. Fundamentals:No major Fundamental               Comment: Most Asian currencies kept to a tight range on Monday, while the dollar fell …

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Daily Market Analysis 01.09.2023: EURUSD

Instrument: EURUSD Bullish Preference: A Buy position is envisaged if the price trades above 1.08630 with take profit at 1.08767 Bearish Preference: A Sell position is envisaged if the price trades below 1.08424 with take profit at 1.08320 Fundamentals:USD1:30 PMAverage Hourly Earnings m/m            Non-Farm Employment Change           Unemployment Rate                           3:00PM ISM Manufacturing PMI                Comment: The euro …

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Daily Market Analysis 31-08-2023: USDIDX

Instrument: USDIDX Bullish Preference: A buy position is envisaged if the price trades above 103.310 with take profit at 103.426. Bearish Preference: A sell position is envisaged if the price trades below 103.065 with take profit at 102.958. Fundamentals:1:30pmUSD Core PCE Price Index m/mUSD Unemployment Claims                Comment: The dollar steadied in Asian trade …

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