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Daily Market Analysis 01/07/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.38452 with take profit at 1.38617. Bearish Preference: Sell position is envisaged if price trades below 1.37804 with take profit at 1.37610. Fundamentals:GBP 9:00 AM BOE Gov Bailey Speaks         9:30 AM Final Manufacturing PMIUSD 1:30 PM Unemployment Claims        3:30 PM …

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Daily Market Analysis 18/06/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.23923 with take profit at 1.24112. Bearish Preference: Sell position is envisaged if price trades below 1.23321 with take profit at 1.23041. Fundamentals:None with high impact on the pair. Comment: In Canada, ADP Employment Change report indicated that employment increased by 101,600 jobs in May compared …

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Daily Market Analysis 16/06/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.41305 with take profit at 1.41441. Bearish Preference: Sell position is envisaged if price trades below 1.40967 with take profit at 1.40839. Fundamentals:USD 7:00 pm FOMC Economic Projections                       FOMC Statement                      …

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Daily Market Analysis 28|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1895.13 with take profit at 1897.35. Bearish Preference: Sell position is envisaged if price trades below 1884.45 with take profit at 1881.24. Fundamentals:1:30pm    USD     Core PCE Price Index m/m2:45pm    USD     Chicago PMI Comment: Gold was down on Friday morning in Asia as a …

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Daily Market Analysis 18|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.22136 with take profit at 1.22270. Bearish Preference: Sell position is envisaged if price trades below 1.22021 with take profit at 1.21915. Fundamentals:No Major Fundamentals  Comment: European stock markets traded higher Tuesday, helped by promises of continued Federal Reserve largesse along with better than expected U.K. …

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Daily Market Analysis 12|04|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above  1.37566 with a take profit at price 1.37749. Bearish Preference: A Sell position is envisaged if price trades below price 1.37003 with a take profit at price 1.36761. Fundamentals:No major fundamental Comment: The UK has vaccinated nearly 30 million people (as we write) with a …

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Daily Market Analysis 05|03|2021: OIL

Instrument: OIL Technical Analysis Bearish Preference: A Sell is envisaged if price trades below 67.45 with take profit at 66.71. Bullish Preference: A buy is envisaged if the price trades above 68.71 with take profit at 69.29. Fundamentals:2.30PM – USD    Non-Farm Employment Change          USD Average Hourly Earnings m/m          USD  Unemployment Rate …

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Daily Market Analysis 05|03|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy is envisaged if price trades above 1706.23 with take profit at 1717.23. Bearish Preference: Sell position is envisaged if price trades below 1685.55 with take profit at 1675.00 Fundamentals:2.30PM – Non-Farm Employment Change        Average Hourly Earnings      Unemployment Rate Comment: Gold has in little over two months gone from being …

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Daily Market Analysis 05|03|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy is envisage if price trades above 1.39402 with take profit at 1.40062. Bearish Preference: Sell is envisaged if price trades below 1.38213 with take profit at 1.37634. Fundamentals:2.30PM – Non-Farm Employment Change        Average Hourly Earnings      Unemployment Rate Comment: The dollar was up on Friday morning in Asia, …

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Daily Market Analysis 01|03|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.21237  with a take profit at 1.21895. Bullish Preference: A Sell position  is envisaged if price trades below price 1.20399  with take profit at price 1.20090. Fundamentals:EUR:  Final Manufacturing PMI (10:00am)EUR: Italian Prelim CPI m/m (11am)USD: FOMC Member Williams Speaks (3pm)USD: Final Manufacturing …

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