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european trade

Daily Market Analysis 22/06/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.39491 with take profit at 1.39699. Bearish Preference: Sell position is envisaged if price trades below 1.38630 with take profit at 1.38435. Fundamentals:7:00pm    USD    Fed Chair Powell Testifies Comment: The dollar stabilized in early European trade Tuesday, after handing back some of the previous week’s gains during the …

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Daily Market Analysis 18/06/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19552 with take profit at 1.19800. Bearish Preference: Sell position is envisaged if price trades below 1.18641 with take profit at 1.18401 Fundamentals:None with high impact on the pair. Comment: The dollar edged higher in early European trade Friday, continuing to benefit from Wednesday’s surprise move …

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Daily Market Analysis 17/06/2021: USDCAD

Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.23088 with take profit at 1.23248. Bearish Preference: Sell position is envisaged if price trades below 1.22459 with take profit at 1.22283. Fundamentals:1:30 pm USD    Philly Fed Manufacturing Index              USD    Unemployment Claims Comment: The dollar rose in early European trade Thursday, …

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Daily Market Analysis 09/06/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.21925 with take profit at 1.22053. Bearish Preference: Sell position is envisaged if price trades below 1.21746 with take profit at 1.21655. Fundamentals:None with high impact on the pair. Comment: The dollar clung to marginal gains in early European trade Wednesday, but volatility was limited with traders …

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Daily Market Analysis 04|06|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.359  with take profit at 110.509. Bearish Preference: Sell position is envisaged if price trades below 110.120 with take profit at 109.980. Fundamentals:12:00pm USD    Fed Chair Powell Speaks1:30pm   USD    Average Hourly Earnings m/m               USD    Non-Farm Employment Change    …

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Daily Market Analysis 02|06|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 109.807 with take profit at price 109.907. Bearish Preference: A sell position is envisaged if price trades below price  109.589  with take profit at price 109.494. Fundamentals:No Major Fundamentals Comment: The dollar edged higher in early European trade Wednesday, climbing from a near five-month …

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Daily Market Analysis 01|06|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1.22297 with take profit at price 1.22440. Bearish Preference: A sell position is envisaged if price trades below price  1.22009  with take profit at price 1.21870. Fundamentals:3:00pm    USD    ISM Manufacturing PMI Comment: The dollar weakened in early European trade Tuesday, slipping to multi-month lows …

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Daily Market Analysis 01|06|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  1.42442 with a take profit at price 1.42642. Bearish Preference: A Sell position is envisaged if price trades below 1.41602 with take profit at price 1.41412. Fundamentals:3:00pm    USD    ISM Manufacturing PMI4:00pm    GBP    BOE Gov Bailey Speaks Comment: The dollar weakened in early European trade Tuesday, slipping to …

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Daily Market Analysis 25|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.22849 with take profit at 1.23051. Bearish Preference: Sell position is envisaged if price trades below 1.22357 with take profit at 1.22149. Fundamentals:9:00am    EUR    German ifo Business Climate3:00pm    USD    CB Consumer Confidence Comment: The dollar weakened in early European trade Tuesday, with Federal Reserve officials keen …

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Daily Market Analysis 19|05|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.22480 with take profit at 1.22649. Bearish Preference: Sell position is envisaged if price trades below 1.22143 with take profit at 1.21990. Fundamentals:7:00 pm USD FOMC Meeting Minutes  Comment: The dollar edged marginally lower in early European trade Wednesday, remaining near multi-month lows ahead of the …

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