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Daily Market Analysis 05|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 70.13 with take profit at 70.32. Bearish Preference: Sell position is envisaged if price trades below 69.12 with take profit at 68.75. Fundamentals:None with high Impact Comment: The black stuff has already risen over 4% so far this week. A record fall in US crude inventories …

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Daily Market Analysis 04|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.20217 with take profit at 1.20404. Bearish Preference: Sell position is envisaged if price trades below 1.19812 with take profit at 1.19608. Fundamentals:No Major fundamentals  Comment:  Confidence is growing throughout Europe over its recovery from the pandemic as the rate of vaccination in EU member …

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Daily Market Analysis 04|05|2021: OILs

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 67.83 with take profit at 68.09. Bearish Preference: Sell position is envisaged if price trades below 67.20 with take profit at 66.97. Fundamentals:None with high Impact Comment: Oil inched up early Tuesday morning in Asia as investors remained optimistic the continued economic recovery in regions such …

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Daily Market Analysis 29|04|2021: OILs

Technical Analysis Bullish Preference:  Buy is envisage if price trades above 67.41 with take profit at 67.67. Bearish Preference: Sell is envisaged if price trades below 66.79 with take profit at 66.57. Fundamentals:USD 3:30PM  Natural Gas Storage Comment: Oil was up Thursday morning in Asia as investors continue to expect fuel demand to recover by the summer, despite ever-surging numbers …

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Daily Market Analysis 13|04|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18979 with take profit at 1.19093. Bearish Preference: Sell position is envisaged if price trades below 1.18851 with take profit at 1.18743. Fundamentals:1:30pm   USD   CPI m/m                  USD    Core CPI m/m  Comment:  The US Indices have thought pretty well …

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Daily Market Analysis 12|04|2021: EURGBP

Instrument: EURGBP 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 Pound has come under notable pressure in recent sessions with last week …

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Daily Market Analysis 09|04|2021: EURUSD

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 …

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Daily Market Analysis 07|04|2021: GBPUSD

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 …

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Daily Market Analysis 06|04|2021: EURUSD

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 …

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Daily Market Analysis 01|04|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged  if price trades above 1.37921 with take profit at 1.38039. Bearish Preference: Sell position is envisaged if price trades below 1.37642 with take profit at 1.37505. Fundamentals:3:00pm    USD ISM Manufacturing PMI  Comment:  The dollar remained strong in early European trading Thursday, near multi-month highs amid expectations of strong U.S. …

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