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Daily Market Analysis 16.12.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1780.55 with take profit at 1783.29 Bearish Preference: Sell position is envisaged if price trades below 1772.92 with take profit at 1770.38 Fundamentals: No major fundamental Comment: Gold prices were muted on Friday after logging sharp losses in the prior sessions as growing fears of a recession were compounded …

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Daily Market Analysis 16.12.2022: DE30

Instrument: DE30 Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 14121.5 with take profit at 14149.5 Bearish Preference: Sell position is envisaged if price trades below 14047.4 with take profit at 14019.5 Fundamentals: 9:30am EUR German Flash Manufacturing PMIEUR German Flash Services PMI Comment: European stock markets weakened Thursday, as investors fretted about future growth given a hawkish message …

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Daily Market Analysis 15.12.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1788.94  with take profit at 1793.10 Bearish Preference: Sell position is envisaged if price trades below 1763.75 with take profit at 1751.56 Fundamentals:2:30pm USD Core Retail Sales m/m             USD Empire State Manufacturing Index             USD Retail Sales m/m Comment: European stock …

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Daily Market Analysis 15.12.2022: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.06476  with take profit at 1.06615 Bearish Preference: Sell position is envisaged if price trades below 1.05807 with take profit at 1.05655 Fundamentals:2:30pm USD Core Retail Sales m/m             USD Empire State Manufacturing Index             USD Retail Sales m/m Comment: European …

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Daily Market Analysis 14.12.2022: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.06568  with take profit at 1.06636 Bearish Preference: Sell position is envisaged if price trades below 1.06396 with take profit at 1.06318 Fundamentals:8:00pm USD FOMC Economic Projections Comment: U.S. stocks are seen opening largely unchanged Wednesday, in cautious trading ahead of the latest Federal Reserve policy-setting meeting, which …

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Daily Market Analysis 14.12.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1808.66  with take profit at 1811.99 Bearish Preference: Sell position is envisaged if price trades below 1803.88 with take profit at 1800.02 Fundamentals:8:00pm USD FOMC Economic Projections Comment: U.S. stocks are seen opening largely unchanged Wednesday, in cautious trading ahead of the latest Federal Reserve policy-setting meeting, which …

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Daily Market Analysis 12.12.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 77.13 with take profit at 77.62 Bearish Preference: Sell position is envisaged if price trades below 76.00 with take profit at 75.50 Fundamentals:No major fundamental Comment: Oil prices rose more than 1% on Monday as a key pipeline supplying the United States remained shut while Russian President Vladimir …

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Daily Market Analysis 12.12.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.22526 with take profit at 1.22740 Bearish Preference: Sell position is envisaged if price trades below 1.21917 with take profit at 1.21653 Fundamentals:8:00am    GBP GDP m/m Comment: The U.S. dollar weakened in early European trade Friday as fears that the U.S. economy was heading towards recession mounted, …

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Daily Market Analysis 09.12.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 77.19  with take profit at 77.57 Bearish Preference: Sell position is envisaged if price trades below 75.61 with take profit at 75.21 Fundamentals:No Major Fundamental. Comment: Oil prices bounced higher on Friday as closure of a major Canada-to-U.S. crude pipeline disrupted supplies, but both benchmarks were headed for …

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Daily Market Analysis 09.12.2022: DE30

Instrument: DE30 Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 14344.8  with take profit at 14359.2 Bearish Preference: Sell position is envisaged if price trades below 14314.7 with take profit at 14304.0 Fundamentals:No major Fundamentals Comment: European stock markets are expected to open marginally higher Friday, rebounding after recent losses, but gains are likely to be tentative ahead …

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