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Daily Market Analysis 07/10/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.15721 with take profit at 1.15804. Bearish Preference: A Sell position is envisaged if price trades below price 1.15470 with take profit at 1.15368. Fundamentals: 1:30pm USD Unemployment Claims Comment: The dollar edged lower Thursday as a compromise over the U.S. debt ceiling appeared likely, …

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Daily Market Analysis 05/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1760.76 with take profit at 1762.30 Bearish Preference: Sell position is envisaged if price trades below 1753.22 with take profit at 1751.34 Fundamentals:3:00pm USD ISM Services PMI6:15pm USD FOMC Member Quarles Speaks Comment: Gold futures were trading lower Tuesday morning, at risk of halting a …

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Daily Market Analysis 24/09/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17388 with take profit at 1.17482. Bearish Preference: Sell position is envisaged if price trades below 1.17105 with take profit at 1.17015. Fundamentals: 3:00pm USD Fed Chair Powell Speaks Comment: The dollar hovered above a one-week low versus major peers on Friday, taking a breather after …

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Daily Market Analysis 22/09/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1775.65 with take profit at 1777.06. Bearish Preference: Sell position is envisaged if price trades below 1770.15 with take profit at 1768.15. Fundamentals:7:00sm USD FOMC Economic Projections7:30pm USD FOMC Press Conference Comment: Gold prices rose once again overnight as investors continued to hedge a variety …

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