Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.37818 with take profit at 1.37918. Bearish Preference: Sell position is envisaged if price trades below 1.37438 with take profit at 1.37338. Fundamentals:Tentative: GBP Annual Budget Release Comment: The dollar edged lower in early European trade Wednesday in calm trading ahead of next week’s Federal Reserve …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.20152 with take profit at 1.21177. Bearish Preference: Sell position is envisaged if price trades below 1.20712 with take profit at 1.20583. Fundamentals:1:30pm USD Core PCE Price Index m/m2:45pm USD Chicago PMI Comment: The buying opportunities in the US dollar pushed USD/CAD higher on …
Instrument: USDJPY Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above price 105.572 with take profit at 105.649. Bearish Preference: A Sell position is envisaged if price trades below 105.313 with a take profit at 105.155. Fundamentals:JPY 6:30pm M2 Money Stock Comment: The U.S. jobs report for January, released on Friday, showed that fewer jobs were …
