Instrument: GOLD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1746.64 with a take profit at price 1751.52. Bearish Preference: A Sell position is envisaged if price trades below price 1736.53 with take profit at price 1732.05. Fundamentals:No major Fundamental Comment: Gold was down on Friday morning in Asia but was hovering close to …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 63.60 with take profit at 63.90. Bearish Preference: Sell position is envisaged if price trades below 62.29 with take profit at 61.95. Fundamentals:No major fundamental Comment: Oil had another sideways day in a narrow range overnight, with the opposing forces of higher production versus a weaker …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19091 with take profit at 1.19286. Bearish Preference: Sell position is envisaged if price trades below 1.18818 with take profit at 1.18629. Fundamentals:1:30 Pm USD Core PPI m/m USD PPI m/m3:00 pm USD Final Wholesale Inventories m/m Comment: The …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1747.45 with take profit at 1753.20. Bearish Preference: Sell position is envisaged if price trades below 1728.56 with take profit at 1725.70. Fundamentals:7:00pm USD FOMC Meeting Minutes Comment: After strong gains in the previous session, gold is trading on the back foot, pulled lower by the upbeat …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 63.36 with take profit at 63.77. Bearish Preference: Sell position is envisaged if price trades below 62.30 with take profit at 62.05. Fundamentals:3:30pm USD Crude Oil Inventories Comment: Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38569 with take profit at 1.38864. Bearish Preference: Sell position is envisaged if price trades below 1.37722 with take profit at 1.37547. Fundamentals:7:00pm USD FOMC Meeting Minutes Comment: The dollar edged higher in early European trading Wednesday, but remained near two-week lows after bond yields …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18270 with take profit at 1.18398. Bearish Preference: Sell position is envisaged if price trades below 1.18074 with take profit at 1.17952. Fundamentals:10:00am EUR Unemployment RateDay 2 All IMF Meetings Comment: The dollar fell sharply against its rivals Monday, paced by declining U.S. bond yields, but …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.39092 with take profit at 1.38737 Alternative scenario: Buy position is envisaged if price trades above 1.39711 with take profit at 1.40137 Fundamentals:No major economic data with direct bearing on the commodity expected today Comment: The Canadian dollar is on the rise amid the better market …
